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Crypto

No bitcoin summer bull market, analyst sees 3 to 5 months of sideways trade

Market talk is resurfacing that bitcoin is less likely to rebound this summer. Veteran trader Peter Brandt cites a chart for ProShares UltraShort Bitcoin ETF SBIT, which bets on bitcoin declines, as suggesting further downside pressure if a technical reversal pattern plays out. Another analyst, Bob Loukas, says the market remains in a bearish phase and may need 3 to 5 months of choppy sideways trading to build a base for the next cycle.

Crypto

Will Bitcoin\'s four-year cycle theory hold? Analyst says new record high in 2028

Bitcoin could set a new all-time high in 2028, an analyst said, while warning that the current cycle may first form a low. Analysts are citing $53,000 as a key buying zone. Trader Bob Loukas said the four-year cycle remains intact and the market is following patterns seen in past bull and bear markets. Traders remain cautious amid a lack of clear reversal signals and macroeconomic and geopolitical concerns.