Bitcoin market analyst Bob Loukas delivered an update on Bitcoin's current trajectory, stating that the recent pullback of around 22% is normal for the cryptocurrency's characteristic volatility. He acknowledged that deeper drops are possible in the short term, with a potential decline to the low $80,000s or even the mid-$70,000s. Loukas sees these corrective moves as a routine "fear reset" that often precedes fresh rallies in Bitcoin's broader uptrend. He remains confident in the four-year cycle pattern and maintains a bullish view, with a first sale target of around $153,000 per Bitcoin. However, he remains open to the possibility that the cycle has already peaked if the next rebound falters. Loukas also noted a significant decoupling of Bitcoin from altcoins, highlighting Bitcoin's increasing maturity and interest from institutional investors. He sees the current cycle potentially reaching its peak in fall or early winter of 2025. However, he warned that no cycle framework is infallible, and a failure of the weekly cycle could signal a trend change. At the time of writing, Bitcoin traded at $86,562.



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