A veteran trader says Bitcoin is following a “perfect script” that terminates with a potential $150,000 cycle high.
Bitcoin (BTC) price is consolidating below its 2021 all-time high of $69,000, and independent trader Bob Loukas believes that the price is entering an “explosive” period of its four-year cycle.
“Bitcoin closes the 2nd year of its 4-year cycle next month, entering the 3rd and historically explosive year of the Cycle,” Loukas noted in an Oct. 8 post on X.
Loukas uses a four-year cycle to identify tops and bottoms in the Bitcoin market. The historical similarities could help investors identify when the market peaks in the current cycle.
