As the crypto rollercoaster continues its wild ride, market analyst Bob Loukas steps in to offer insights that could either soothe frayed nerves or rattle them further. Picture this: Bitcoin’s recent thrilling ascent from around $110,000 to a nail-biting dip of approximately $87,000—a 22% plunge that has traders biting their nails. Fear and uncertainty abound, but Loukas remains unfazed, stating that this sort of volatility is just part and parcel of Bitcoin’s DNA. He takes us through his well-followed four-year cycle analysis, suggesting that these dips aren’t new and could actually set the stage for a significant rebound—if history has anything to say about it. So, is this correction a cause for alarm or just the market’s way of resetting itself? Join us as we dive deeper into Loukas’s thoughts and projections for Bitcoin’s future. LEARN MORE.
In his latest video update, long-time market analyst and self-described “four-year cycle” trader Bob Loukas delivered a breakdown of Bitcoin’s current trajectory. Despite a roughly 22% pullback from its recent all-time high, Loukas asserts that the leading cryptocurrency’s price action remains “nothing we have not seen before.”
Loukas opened his video by acknowledging growing anxiety among traders following Bitcoin’s drop from around $110,000 to the mid-$80,000 range. However, he emphasized that such swings are a natural part of Bitcoin’s characteristic volatility. “As I record this video Bitcoin’s at $87,000, down from an all-time high of around $110,000… which historically, even for this four-year cycle, is basically right on the averages […] a 20% drawdown from a high,” he stated.
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