Chart analyst Bob Loukas said he thinks the Bitcoin price will explode in the coming period. Loukas wrote that the chart created by Bitcoin from the X account, which has close to 300 thousand followers, is excellent.

“Explosion will come”

Stating that the largest crypto money is about to enter the 3rd year in its 4-year cycle, Loukas made the following statements:

“Sometimes the scenario seems perfect. Unbelievably perfect … Bitcoin will complete the 2nd year of its 4-year cycle next month and start the 3rd year. Historically, it is booming in this 3rd year. When we look at it now, an 8-month base has been built, sentiment has been reset, and interest rates are going down. Everything I want to say is really perfect…”

Bitcoin last broke its historical record in March with $73,000. Since then, the largest cryptocurrency has closed between $60,000 and $70,000 every month and has followed a horizontal course.

Bitcoin pushed the $64,000 level this week, but in the last 2 days it has dropped to $62,000 again.