đ Bitcoin is consolidating below its 2021 high of $69,000. Trader Bob Loukas predicts BTC is about to enter the "explosive" phase of its 4-year cycle! đ
đ Loukas believes BTC is forming a descending expanding wedge pattern and could soon surge on investment shifts and rate cuts.
đ "8-month base build, sentiment reset, rates down. Perfect scenario."
đ Amid market volatility, geopolitical tensions, and the upcoming US election, investors need to hold the October base to confirm entering year 3 of the cycle.
đ Santiment sees increased interest from investors in Q4. "Uptober" and 2024 bull run expected!
đŒ Institutional demand and inflows into Bitcoin ETFs in the US are increasing, supporting the positive trend of BTC in Q4.
đ What do you think about this prediction? Comment below! đŹ
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