Crypto analyst Bob Loukas has released a new video analysis called “No Bull,” exploring the current state of the Bitcoin market and whether it may be facing a canceled bull run. Loukas acknowledges that there is a growing fear among market participants due to extended consolidation periods for the Bitcoin price and delays in the approval of the Bitcoin ETF and the halving event not triggering significant upward price movements. He suggests that the current climate could be interpreted as a bullish sign due to the eight-month period of consolidation in the market being aligned with the four-year cycle of Bitcoin. Loukas predicts that within the next three months, the market will break through its consolidation range and move upwards. Once this happens, he foresees Bitcoin reaching prices somewhere between $120,000 and $180,000 over the next 12 months. While acknowledging that the market faces challenges and uncertainties ahead, Loukas remains positive and bullish on the overall future of Bitcoin.
Source: video analysis
