Bitcoin (BTC) may be entering uncharted territory as a widely followed analyst suggests the onset of its first-ever supercycle, with price action diverging from patterns that defined previous market cycles and pointing to a structural shift that could reshape long-term expectations.
Top analyst Plan C has argued the cycle began in November 2022, when Bitcoin bottomed near $16,000 amid broad market stress following the collapse of FTX. As sentiment improved, Bitcoin recovered from sub-$16,000 lows and surged to a high just above $126,000 in October 2025—a move Plan C calls the first major peak of an extended supercycle.
Following that rally, Bitcoin corrected sharply toward the $60,000 region in February 2026, which Plan C identifies as a mid-cycle bottom. That view aligns with research from Grayscale Investments, which also noted the February lows as a durable market bottom for the current cycle.
Plan C projects the next major bullish phase to unfold between late 2027 and early 2028, with a potential peak near $250,000—roughly a 206% rise from the then-current price in the low $80,000s. He argues this cycle differs structurally from past cycles, representing Bitcoin’s first true supercycle and a departure from the historically dominant four-year halving-driven rhythm that previously defined bull and bear phases.
If Plan C’s outlook materializes, the supercycle thesis would imply a prolonged period of elevated returns and a reshaped market framework for Bitcoin. The projection to $250,000 hinges on sustained demand, macroeconomic conditions, and a continuation of the structural changes Plan C identifies—factors that market participants will monitor closely as the cycle progresses toward the 2027–2028 window.
