Crypto analyst Bob Loukas analyzes the Bitcoin market, acknowledging recent fears over a potential end to the bull run. Despite market consolidation, Loukas sees this as a bullish signal in Bitcoin's four-year cycle.
Loukas notes that while traditional markets rise, Bitcoin stagnates, leading to a negative sentiment in the crypto space. Nevertheless, he finds this development normal and highlights Bitcoin's proximity to previous all-time highs.
With the market 23 months into its cycle since November 2022, Loukas interprets this phase as essential for resetting sentiment, suggesting a more favorable outlook for Bitcoin's future trajectory.
Loukas believes that the third year of the four-year cycle is crucial, with Bitcoin poised for an upward breakout. He predicts an increase in the next 90 days, potentially reaching a price between $120,000 and $180,000 by 2025.
He acknowledges short-term uncertainties due to the upcoming US election but remains optimistic, expecting significant price movements after the election concludes.
