**Bitcoin Set for Explosive Growth, Says Analyst**

Bitcoin (BTC) is consolidating below its 2021 all-time high of $69,000, and independent trader Bob Loukas believes it's on the brink of an "explosive" phase in its four-year cycle. Loukas, who uses historical patterns to predict market movements, suggests Bitcoin is building momentum within a descending broadening wedge.

He predicts a parabolic uptrend fueled by easing interest rates and shifting investor sentiment. Analysts at Santiment echo this optimism, noting increased investor interest and institutional demand, especially with potential spot ETFs on the horizon.

As Bitcoin enters its historically explosive third year, the market is watching closely for a significant bounce. However, investors are advised to conduct their own research before making any trading decisions.