Speculations about the end of the Bitcoin bull market have emerged as prices fail to reach the March all-time high of above $73,000. Analyst Bob Loukas presents a Bitcoin bear case in an X post, predicting a decline to $28,000.
Loukas bases his scenario on the 16-year cycle theory, suggesting we are in the final four-year phase of this cycle. He describes possible market outcomes, emphasizing that cycle trends offer insights but no guarantees on future price movement.
Loukas predicts possible price lows around $28,500 by 2026, with potential recovery to $59,500 by 2027. He notes critical price signals like closing below the 10-month Moving Average or $58,800 as concerning indicators.
While estimating a 10%-15% chance for this bearish scenario, Loukas considers market unpredictability, warning of dwindling retail interest in cryptocurrencies as enthusiasm wanes.
