Search results for Bob Loukas
Crypto
Veteran trader says bitcoin is not dead, just a bear market that will pass
Veteran trader Bob Loukas says bitcoin\'s sharp drop and large-scale leveraged liquidations do not mean the market has collapsed. He calls the recent selling a natural late-stage shakeout within a four-year cycle and says fear around bitcoin and crypto is normal in a bear market. He criticises short-term profit narratives spread on social media. Markets have seen heavy liquidation pressure, while worries around Strategy and its financing are also cited.
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.