Since hitting an all-time high in March, Bitcoin has been in a volatile correction trend for several months. Is the bull market that investors expect still there? Some analysts have expressed an optimistic view.

According to Cointelegraph, senior analyst Bob Loukas pointed out yesterday (8th) that judging from the monthly trend, Bitcoin is entering the "breakout" period of the four-year bull-bear cycle.

Loukas noted:

“Bitcoin will end the second year of its four-year cycle next month and enter the third year, which is historically the most explosive year in the cycle.”

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He uses the four-year bull-bear cycle theory to identify the highs and lows of the Bitcoin market, and this historical similarity may help investors predict the peak of the current cycle.

According to Loukas’ observation, Bitcoin is currently forming a descending expanding wedge pattern after hitting an all-time high in March. He predicts that Bitcoin may soon enter a parabolic upward trend amid shifting market sentiment and the Fed’s interest rate cuts.

Loukas stressed: "(Bitcoin's trend) has established an 8-month foundation, market sentiment has reset, and interest rates have begun to ease. I mean, this script is too perfect."

Currently, geopolitical tensions, the upcoming U.S. presidential election, and doubts about the health of the U.S. economy are weighing on the market. Considering these factors, bulls may need to maintain this eight-month foundation in October and close the monthly price above the upper trendline of the expanding wedge pattern to confirm entering the third year of the cycle.

Judging from the chart shared by Loukas, he predicts that the peak of this bull market may exceed $150,000.

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Bob Loukas predicts the peak of Bitcoin's bull run

Santiment: Investor interest in Bitcoin increased in the fourth quarter

Blockchain analysis platform Santiment observed that investors' interest in Bitcoin increased in the fourth quarter of this year.

Analysts said:

“Market analysts and the cryptocurrency community continue to remain optimistic about Uptober and a potential bull run. In addition, institutional interest in Bitcoin is rising with expectations for more spot ETFs.”

Santiment’s analysis echoes Loukas’ prediction that if speculative buying continues to increase, the resulting FOMO (fear of missing out) could drive Bitcoin significantly higher.

Furthermore, with rising institutional demand and the return of net inflows into U.S. Bitcoin spot ETFs, Bitcoin is likely to follow the bullish narrative of the fourth quarter and continue its four-year cycle.



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