Renowned cryptocurrency analyst “PlanB” on X has launched a poll asking his followers if Bitcoin will achieve a new all-time high in 2026 or 2027. The question posed suggests that the crypto analyst suspects that the cryptocurrency could embark on another significant rally during the current cycle.
With about 10 hours to go and over 15,500 votes, 75.8% of participants in PlanB’s poll voted yes, reflecting a dominant sentiment among cryptocurrency users that the Bitcoin rally will continue. It is worth noting that the voting process coincided with a vertical breakout by Bitcoin, which saw the cryptocurrency break out of a horizontal channel that started in November last year.
According to data from TradingView, Bitcoin bounced off support at $89,199 after pulling back from an initial rally in the first week of January. The pullback launched the pioneer cryptocurrency into the supply zone, leading to a rebound that has fetched nearly 10% profit in the past seven days.
BTCUSD Daily on TradingView
Multiple indicators surrounding Bitcoin’s latest resurgence suggest a classic scenario of a sustainable bull run. However, the cryptocurrency needs to satisfy other conditions to boost traders’ confidence and align with the opinion of the majority of PlanB’s followers.
The latest pullback, accumulation, and rebound happened around a crucial Fibonacci level, breaking above which signifies notable strength in the current rally. However, Bitcoin is confronted with more significant resistance levels, including another Fibonacci resistance and the psychological $100,000 milestone. TradingView’s data reveals that BTC traded for $96,765 at the time of writing after testing the 0.382 Fibonacci resistance at $98,120.
A confirmed break above these levels will boost traders’ confidence and increase the bullish sentiment around Bitcoin. In the meantime, it is worth noting that Bitcoin’s current all-time high remains at $126,272, a region not far from the current price level by the cryptocurrency’s standards.
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