Bitcoin’s price is reportedly following a pattern that could lead to a breakout above $150,000, according to market analyst Bob Loukas. He has recently compared the current state of BTC to a “perfect script.”
Loukas pointed out that the leading cryptocurrency continues to perform well, including minor fluctuations in the first days of October.
Loukas Predicts Bitcoin Price Surge Based On Historical Cycles
According to Loukas, the leading crypto may embark on the third year of a four-year cycle. It has historically been very bullish for the currency. He anticipates that Bitcoin will move out of the current range-bound trading and possibly rise to between $150,000 and $200,000.
He reached this conclusion by analyzing past price cycles of Bitcoin, during which the third year witnessed major price rises.
Source: X
The analyst stated that Bitcoin built an 8-month base within the falling wedge pattern after the all-time high of $73,949 in March. In the analyst’s view,
We współpracy z: https://www.thecoinrepublic.com/2024/10/10/bitcoin-may-push-beyond-150k-thanks-to-perfect-script/
