Despite widespread pessimism, $BTC is only 15% below its highs.
Famous trader @BobLoukas offers hope:
"ATHs for $BTC by mid-September, $100k by December, SOL the strongest altcoin?"
Here are his key insights.
2. Bold Predictions:
Bob identifies mid-September as a likely point for $BTC to break ATHs.
He boldy predicts $100k $BTC by December 2024 based on the 4-yr cycle theory.
His base case suggests a top in 2025 (right translated cycle).
3. Bullish On $BTC :
Bob is ultra-bullish on $BTC , seeing it as a prime time in the 4-year cycle.
He believes we are in a mid-cycle re-accumulation phase.
Bob thinks the long-term impact of a pro-crypto U.S regime is still under appreciated.
4. Bullish On $SOL :
Bob is super bullish on $SOL .
The SOL/BTC chart is the standout in this cycle’s altcoin market .
He sees no reason for this trend to change.
5. Macro Uptrend:
Many miss the forest for the trees. Bob advises zooming out when in doubt.
One of the best ways to do this is to look at the 6-month bar chart of $BTC .
It’s shown a macro uptrend since inception.
6. Reversal Soon?
After a rough few months, Bob believes we're in a shakeout phase.
He recently increased his /ES long position, seeing promising cycle positions ahead.
7. Optimistic On $ETH :
Despite $ETH 's massive underperformance, Bob predicts an eventual $ETH season.
Early speculations and $BTC ETF demand diverted attention.
But an ETF, tokenization interest, and favorable regulations could benefit $ETH .
8. $BTC 's Resilience:
Bob stresses that $BTC 's performance isn’t dependent on political support.
It has thrived under various administrations.
$BTC operates in a vacuum—there’s no second best.
9. $BTC 's True Market Cap:
Bob values $BTC 's true MC at $850B, noting 4M+ $BTC as lost and 1.1M held by Satoshi.
Despite excess fiat, high debt and growing $BTC adoption, the MC stays steady.
Many are misled by “it’s too late,” taking unnecessary risks in altcoins.

10. The Local Bottom Is In:
Bob doesn’t think $53k $BTC will be tested again this bull cycle.
The monthly chart looks great. He's firmly holding his last bought in late 2022.
End Of Article.
If you enjoyed this article, a like would be greatly appreciated.
Purely educational, not financial advice.

#BitEagleNews #Chop #Bitcoin