Crypto analyst Bob Loukas presents a bear case for Bitcoin, predicting a potential drop to $28,000. He bases this on cycle theory and market trends, emphasizing investment caution. Loukas acknowledges a 10%-15% chance for this scenario, amid fading retail interest and unpredictability in the crypto market.
Crypto analyst Bob Loukas discusses the current Bitcoin market, predicting that recent price consolidation is a bullish sign aligning with the four-year cycle. Despite fears, Loukas remains optimistic about Bitcoin's trajectory, expecting a breakout in the coming months and a significant increase by 2025, potentially reaching $120,000 to $180,000.
Bitcoin is expected to continue its price stagnation between $58,000 and $61,000, with no major rally anticipated before mid-September, according to analyst Bob Loukas.
