Bitcoin (BTC) may be entering uncharted territory as one widely-followed analyst points to the early stages of its first-ever supercycle, with price action already diverging from the patterns that defined previous market cycles and hinting at a structural shift that could reshape expectations for the leading crypto’s long-term trajectory.
Bitcoin’s Path To $250,000 Through 2028
Top analyst Plan C has sparked fresh debate in the market after suggesting that Bitcoin is on the verge of entering its first-ever supercycle.
In a recent post on X, he projected that this extended bullish phase could drive the world’s oldest and largest crypto by market cap to an unprecedented $250,000, a level that would mark a historic milestone and signal a dramatic shift in its long-term market structure.
The analyst marks the beginning of this cycle in November 2022, when Bitcoin bottomed out in the bear market near $16,000 amid severe market stress. That period was defined by widespread weakness across the crypto sector, intensified by the implosion of Sam Bankman-Fried’s FTX empire.
As market stress faded and sentiment gradually improved, Bitcoin staged a powerful recovery from its sub-$16,000 lows, eventually surging to a high of just above $126,000 in October 2025. Plan C characterized this move as the first significant peak of the ongoing cycle, suggesting it may represent an early landmark within a much larger supercycle structure unfolding in the market.
 
Following that rally, Bitcoin underwent a sharp correction toward the $60,000 region in February 2026, a move that Plan C identifies as a mid-cycle bottom. His outlook is broadly in line with Grayscale Investments, which also pointed to the February 6 lows as a “durable market bottom” of the current cycle.
Looking ahead, the analyst expects the next major bullish phase to unfold between late 2027 and early 2028, with a projected peak near $250K—representing an estimated 206% increase from the current price of around $81,655.
Moreover, this cycle appears to be structurally different from previous ones. Plan C argues that it represents Bitcoin’s first true supercycle, suggesting a departure from the historically reliable four-year mining reward halving cycle, that has defined earlier bull and bear phases.
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