Experienced Analyst Gives Timeline for Recovery Following Bitcoin’s Decline
Cryptocurrency analyst PlanC provides insights on Bitcoin’s market, suggesting the recent decline is a short-term correction, not the end of the bull market. He anticipates Bitcoin will dip below the 50-week moving averages but recover within 1-2 weeks and projects the bull market could last until Q1 2026 or longer. PlanC highlights reduced risks of severe Bitcoin declines, citing its institutional adoption and over $1 trillion market cap, making a crash to zero unlikely. He predicts Bitcoin's price will remain in the $70,000-$90,000 range unless a major unforeseen event occurs.
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Bitcoin Pullback: A Short-Term Correction?
Cryptocurrency analyst PlanC has shared a detailed assessment of the Bitcoin market following its recent decline. He argues that the current pullback does not necessarily mark the end of the bull market, but could instead 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 forecasts that this recovery will occur within one to two weeks, suggesting the bull market will likely continue until at least the first quarter of 2026.
Recovery and Long-Term Market Outlook
PlanC states confidently, “We will recover from this decline. The bull market may even extend beyond 2026.” He believes that the rise will continue in the long term, underlining his optimistic outlook for Bitcoin's trajectory.
The Impact of Market Fear
According to PlanC, much of the current market sentiment is influenced by investor fears from past events such as the FTX and Luna crashes. However, he opines that Bitcoin is now far less likely to experience 50–80% declines seen in previous years: “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.”
Bitcoin Price Predictions and Key Risks
The analyst rates the probability of Bitcoin falling below $70,000 as “very low”, unless a significant “black swan” event occurs. Instead, he predicts the price is more likely to remain within the $70,000-$90,000 range, even during a potential bear market.