PlanB, the pseudonymous analyst best known for creating Bitcoin's widely discussed stock-to-flow (S2F) price model, says Bitcoin's recent close above a key technical level has shifted his focus to a higher target.

According to PlanB, Bitcoin closed above its 50-week moving average, which sits at approximately $79,000, and the next technical objective is the 100-week moving average at around $89,000. At the time of his comments, Bitcoin was trading near $81,000. "Bitcoin closed above the 50-week moving average. The next target is the 100-week moving average, around $89,000," PlanB stated. Moving averages smooth price data over a set period, and long-term versions such as the 50-week and 100-week averages are widely used in Bitcoin analysis to gauge trend direction and mark reference levels that traders watch.

PlanB's stock-to-flow model, which compares Bitcoin's circulating supply to its issuance rate, has been among the most cited—and debated—valuation frameworks in the cryptocurrency market. Its projections have drawn criticism in earlier cycles when Bitcoin traded below the model's indicated levels, a track record that has kept discussion around his market calls active. The analyst also reiterated his assessment that the bear market in Bitcoin has ended, saying this is now clear.

Supporting that view, he pointed to Bitcoin's monthly close of $78,571 in August, which he said was followed by a recovery across several market indicators. According to PlanB, the percentage of Bitcoin's supply in a profitable state rose from 50% to 72%, while the monthly Relative Strength Index (RSI), a commonly used momentum indicator, climbed from 41 to 51. Supply-in-profit measures the share of coins last acquired below the current price, and RSI readings above the midpoint of the indicator's 0–100 scale are generally interpreted as a shift toward firmer momentum. In his view, the data points to an improvement in market momentum.

Taken together, PlanB argues that these developments suggest Bitcoin may have passed its bottom and that the technical outlook supports bullish expectations for the upcoming period. His assessment is based on his own reading of technical and on-chain indicators. Framed as reference levels rather than forecasts, the reclaimed 50-week average near $79,000 and the 100-week average near $89,000 give observers clearly defined points to monitor in the period ahead.

*This is not investment advice.

Source: en.bitcoinsistemi.com