Bitcoin Ready For Bull Run, Equity ‘Roadblock’ Remains
• Bob Loukas is a crypto and position trader who recently shared a long-term look at Bitcoin which suggests that the top cryptocurrency is ready for another bullish trend.
• However, an equity-driven “roadblock” remains in the way, holding back Bitcoin from blasting off higher.
• According to Loukas, a stock market collapse in March or April could potentially be the roadblock preventing Bitcoin from entering its next bull run.
Bob Loukas’s Long-Term Look At Bitcoin
Cycle expert Bob Loukas recently shared a long-term look at Bitcoin which suggests that the top cryptocurrency is ready for another bullish trend. However, an equity-driven “roadblock” remains in the way. In this post, we’ll explain what Loukas means and what could happen once this roadblock is cleared.
Cut Out The Noise And Widen The Lens
Entrepreneur, investor, and position trader Bob Loukas tweeted a new chart this week with a zoomed out one-month view of BTCUSD. “Imagine being scared-worried after looking at this Bitcoin monthly chart,” he said. “Cut out the noise and widen the lens,” he added. Technical tools on the same timeframe also support a change in trend direction.
New Bitcoin Bull Trend Lies Beyond Stock Market Roadblock
If the cyclical rhythm is accurate, a new bull run in crypto could be about to blossom. But when exactly? And what is standing in the way? According to Loukas, an equity-driven decline in March or Early April, he says, is the one “roadblock” holding back Bitcoin from blasting off higher. Getting past that roadblock might not be so easy as consensus across finance suggests that stock markets are due for serious collapse – possibly worse than 1929 – which could create extreme fear in crypto and possibly plunge prices down before they can enter into their next bull run phase.
BTCUSD On TradingView
BitStarz Player Lands $2,459,124 Record Win! Could you be next big winner? 570% up to 12 BTC + 300 Free Spins for new players & 1 BTC in bonuses every day only at Wild.io Play Now! Bob Loukas is referencing the cyclical timing of a recovery | BTCUSD on TradingView .com Replacing technical tool used with Fisher Transform normalizes asset price to make cyclical turning points more clear and adding time cycles tool shows more clearly cyclical recurrence Bob Loukas was referring to his tweet post if correct then new bull run potentially about to blossom but when exactly ? Road block stands it’s way preventing bitcoin from doing so according consensus across finance stock market collapse can create extreme fear would result plunge prices down before they can enter into their next bull run phase .
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