Analyst Bob Loukas predicts that Bitcoin will go into a new bullish cycle after surpassing the $106,000 level again. He believes that Bitcoin will bottom out at the end of February and resume its upward trend. Bitcoin has been range-bound for over a month and is currently trading at $98,262, down over 9% from its record peak. Loukas also thinks that this cycle will mainly benefit Bitcoin and not altcoins like Litecoin. Bitcoin dominance recently increased during a sell-off caused by trade disputes.



Other News from Today