Cryptocurrency analyst PlanC has shared a comprehensive assessment of the Bitcoin market following its recent decline. He argues that the current pullback doesn't necessarily signal the end of the bull market, but rather could be part of a short-term correction. PlanC expects Bitcoin to briefly dip below the 50-week moving averages (SMA/EMA) before rebounding above them by the weekly close. He predicts this recovery will occur within one to two weeks, with the bull market likely to last at least until the first quarter of 2026. “We will recover from this decline. The bull market may even extend beyond 2026,” PlanC said, claiming that the rise will continue in the long term. Related News: Developers of the Altcoin Praised by Vitalik Buterin Announce a Major Update According to PlanC, much of the market fear is fueled by investor fear from past events like the FTX and Luna crashes. However, he argues that Bitcoin is now much less likely to experience 50–80% declines like it has in the past: “Bitcoin is now an institutional asset with a market capitalization of over $1 trillion. There is no longer a 'it could go to zero' situation like in previous bear markets.” The analyst rates the likelihood of Bitcoin falling below $70,000 as “very low” unless a major “black swan” occurs. Rather, he says the price is more likely to remain in the $70,000-$90,000 range even in a potential bear market. *This is not investment advice. Continue Reading: Experienced Analyst Gives Timeline for Recovery Following Bitcoin’s Decline
