Could Bitcoin Reach $300,000 by 2026? Top Analyst Thinks It’s Possible

Is Bitcoin really set to hit $300,000 by 2026? Cryptocurrency analyst PlanB thinks so. He recently shared this bullish outlook with his YouTube audience, revealing market conditions, technical indicators, and historical patterns that back up his prediction. Known for his stock-to-flow model, PlanB believes many market participants still underestimate Bitcoin’s potential in this cycle.

In Brief

• Cryptocurrency analyst PlanB predicts Bitcoin could reach $300,000 by the end of 2026 despite widespread market skepticism.
• PlanB’s stock-to-flow model suggests an average Bitcoin price of $500,000, with a conservative range between $250,000 and $600,000.
• Technical indicators like moving averages, geometric mean, and RSI signal that Bitcoin’s current cycle is still in early bullish stages.

Mixed Sentiment Surrounds Bitcoin’s $300,000 Target

In his latest market update, PlanB noted that sentiment around Bitcoin remains mixed, with around 60% of market participants expressing doubts that the asset will climb to the $300,000 mark within the next one and a half years. Despite this widespread skepticism, he remains firm in his view that the digital asset is on track for a significant upward move. He emphasized that his model suggests the average value could reach as high as $500,000, and even the lower end of his projected range places Bitcoin near $250,000—with $300,000 considered a conservative midpoint.

July Growth Tempered by Cooling Investor Enthusiasm

Bitcoin recorded solid growth through July, peaking at $123,000 mid-month before ending the period at $115,000. This was an improvement over June’s close of $107,000, representing an approximate 7% gain and an $8,000 increase month-on-month. While the price movement was upward, Glassnode observed that investor enthusiasm appeared to settle toward the end of the month:
• Futures Open Interest slipped from $45.6B to $44.9B, and Options Open Interest fell 8.4% to $39.8B.
• Volatility narrowed from 23.84% to 16.26%, while ETF inflows dropped 24.9% to $269.4M.
• Meanwhile, trading volume rose 9.9% to $19.8B.
Despite this cooling in sentiment, PlanB described current conditions as part of a broader upward cycle. He stated that all on-chain indicators continue to support a bullish outlook. Still, he added that this cycle differs from past rallies in both pace and structure.

A Slower, Longer Bitcoin Cycle Compared to Past Rallies

Compared with earlier market expansions, this cycle is unfolding more gradually. It has already lasted roughly 18 months, while previous bull markets typically lasted about a year. Furthermore, the rate of price growth has been more subdued. In past years, Bitcoin’s gains were much bigger: it increased by 100 times in 2013, grew tenfold in 2017, and rose about six times between 2020 and 2021. So far, Bitcoin has only tripled in price this cycle, though the current run appears far from over. PlanB offered a possible explanation for the slower ascent. He suggested that a large volume of Bitcoin has moved from private wallets to ETFs and institutional holdings, such as those held by companies like Strategy. This kind of transition tends to reduce day-to-day trading activity, as the assets are held longer term, dampening short-term price momentum.

Market Structure and Momentum Signals

Technical metrics appear to support his perspective. PlanB revealed that major moving averages and the geometric mean are only beginning to separate—a behavior typical of the early stages of previous bull markets. In past cycles, these indicators diverged quickly and widely as prices accelerated. The Relative Strength Index (RSI) further supports the view that momentum is intact. With a reading of 70.27, slightly above its smoothing average of 68.06, the indicator suggests strong momentum. The index remains well above 50, reinforcing the trend of continued upward movement, even as it experiences brief pauses. PlanB maintains that, although this cycle is slower and more drawn out than past rallies, key indicators still match historic bull market patterns. He believes Bitcoin hasn’t yet reached its full potential. His stock-to-flow model, along with market and on-chain data, supports his view that major gains lie ahead. If this trend continues, hitting $300,000 by late 2026 could well happen.

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Frequently Asked Questions (FAQ)

Bitcoin Price Prediction

Q: What is PlanB's prediction for Bitcoin's price by 2026? A: PlanB predicts that Bitcoin could reach $300,000 by the end of 2026. Q: What is the basis for PlanB's prediction? A: PlanB's prediction is based on his stock-to-flow model, current market conditions, technical indicators, and historical patterns. Q: What is PlanB's stock-to-flow model? A: The stock-to-flow model is a digital asset valuation model that relates the scarcity of a commodity to its price. For Bitcoin, it considers the rate at which new Bitcoins are created (flow) relative to the existing supply (stock). Q: Does PlanB believe the current market underestimates Bitcoin's potential? A: Yes, PlanB stated that many market participants still underestimate Bitcoin's potential in the current cycle. Q: What is the average price suggested by PlanB's stock-to-flow model? A: PlanB's model suggests an average Bitcoin price of $500,000, with a projected range of $250,000 to $600,000.

Market Conditions and Indicators

Q: How is investor sentiment currently regarding Bitcoin's price target? A: Sentiment remains mixed, with approximately 60% of market participants doubting Bitcoin will reach $300,000 in the next 1.5 years. Q: How did Bitcoin perform in July according to the article? A: Bitcoin saw solid growth in July, peaking at $123,000 mid-month and closing at $115,000, a 7% increase from June. Q: What indicators suggest Bitcoin's current cycle is in early bullish stages? A: Technical indicators like moving averages, geometric mean, and the Relative Strength Index (RSI) are showing signals typical of the early stages of previous bull markets. Q: How does the current Bitcoin cycle compare to previous bull markets in terms of pace and structure? A: This cycle is unfolding more gradually, lasting around 18 months so far, compared to previous bull markets that typically lasted about a year. The price growth rate has also been more subdued. Q: Why might the current Bitcoin cycle be slower? A: A possible explanation is that a significant volume of Bitcoin has moved from private wallets to ETFs and institutional holdings, reducing day-to-day trading activity and dampening short-term price momentum as assets are held longer term. Q: What does the RSI indicator suggest about Bitcoin's momentum? A: With an RSI reading of 70.27, slightly above its smoothing average, the indicator suggests strong momentum and continued upward movement, despite brief pauses.

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Crypto Market AI's Take

The projections from analysts like PlanB highlight the ongoing potential for significant growth in Bitcoin's price, driven by factors such as increasing institutional adoption and the inherent scarcity of the asset. At Crypto Market AI, we leverage advanced artificial intelligence to analyze market trends and provide data-driven insights to help traders navigate these dynamic conditions. Our focus on AI-powered analysis and trading tools aims to equip users with the information needed to make informed decisions, whether they are looking to understand the factors driving Bitcoin's potential rise or exploring other opportunities in the cryptocurrency space. For those interested in the underlying technology and market forces, our AI Agents and Trading Bots section delves into how artificial intelligence is transforming crypto trading. Additionally, for a broader understanding of market dynamics, you can explore our comprehensive Market Analysis articles.

More to Read:

• Could Bitcoin Reach $148k as Institutions Flood In?
• Why is Bitcoin Demand Remaining Strong Despite Market Panic?
• Top 5 Crypto Presales to Watch in 2025

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Source: Originally published at Cointribune on Wed, 06 Aug 2025.