#bob-loukas News & Analysis

3 articles tagged with #bob-loukas. AI-curated summaries with sentiment analysis and key takeaways from 50+ sources.

3 articles

CryptoBearishNewsBTC · Jun 67/10

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Veteran Analyst Eyes $53,000 Bitcoin As Final Cycle Stage Begins

Veteran analyst Bob Loukas believes Bitcoin has entered the final stage of its four-year cycle and expects potential further downside to $53,000 before a durable bottom forms, though he has begun cautiously reaccumulating at $65,000 after a 3.5-year absence from buying. His base case targets a cycle low around October-November, with only a 25% probability of an earlier double-bottom formation.

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CryptoBearishU.Today · Jun 256/10

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'Bitcoin Is Not Dead': Veteran Trader Bob Loukas Reacts to Crypto Collapse With Bear Market Call

Bitcoin has declined to $59,307, prompting veteran analyst Bob Loukas to issue a bear market warning while maintaining that Bitcoin itself remains viable. Loukas distinguishes between the asset's fundamental viability and the excessive social media hype that has inflated the market, suggesting the collapse reflects a correction in sentiment rather than the technology's demise.

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CryptoBearishU.Today · Mar 26/106

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Bob Loukas Calls Bitcoin 'Horrendous' on Weekly Chart, Sets $49,000 Target

Veteran analyst Bob Loukas has issued a bearish Bitcoin outlook, calling the cryptocurrency 'horrendous' on weekly charts and setting a price target below $49,000. Despite acknowledging that Bitcoin is already 'deeply oversold,' Loukas maintains his negative stance on the asset's near-term prospects.

$BTC