Bitcoin (BTC) continues to consolidate below its all-time high of $69,000, and independent trader Bob Lucas believes the price is entering an "explosive" period of its four-year cycle.
- Lucas notes that Bitcoin is completing the second year of the cycle and entering the third, which is historically explosive.
- He predicts a parabolic rally supported by lower interest rates and a change in investment sentiment.
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- Santiment analysts see investor interest in Bitcoin growing in the fourth quarter.
- Institutional demand and a return of net inflows to US spot ETFs could support a positive scenario.
This material does not constitute investment advice.