[PlanB is bullish on BTC again: breaking through 3 cost lines—has the new high not finished yet?🔥]

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Bitcoin has recently regained $86,000, and analyst PlanB believes that an important change is underway.

At present, BTC has once again risen above several key “cost prices”:

The overall realized price is about $53,000, the 155-day realized price is about $72,000, and the 2-year realized price has moved to around $86,000. Simply put, BTC is gradually breaking through the average cost lines of different holder groups.

PlanB believes this means that the logic the market has long focused on—“a bear market must fall back to realized prices”—may be losing its support.

More importantly, he thinks that although there will be adjustments in 2025 and 2026, they may be much shallower than in past cycles. Therefore, in this halving cycle from 2024 to 2028, BTC still has the chance to set fresh all-time highs.

However, here’s a key point to keep in mind: this is PlanB’s market judgment, and it doesn’t mean BTC will definitely keep rising. Earlier, he also thought BTC could drop below $53,000.

📌 So what’s truly worth watching isn’t “PlanB calls for new highs again,” but whether BTC can continue to hold above these critical cost zones, and whether capital and on-chain data can keep improving.

This is also an important clue for determining whether this round of market action is truly a reversal or just a rebound.

To understand changes in the BTC cycle, don’t just focus on price—look more at the capital flows and cost structure behind the price.
#比特币现货ETF净流入9.99亿美元

Do you think this halving cycle will set new highs again?