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Strategist Bob Loukas warns: Bitcoin needs to confirm a new cycle within 45 days, or it faces the risk of a winter downturn.
Renowned market strategist Bob Loukas stated that Bitcoin is currently consolidating around $83,900, and the market has a 30-45 day window to confirm the current bull market trend. If the price falls below $79,600 within this period, the bullish scenario will be invalidated, and the market may enter a winter downturn cycle. Loukas noted that late October to early December is the optimal period for accumulating momentum to take effect, and Bitcoin needs to break through its all-time high during this time.
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Disclaimer: This content reflects the author's personal views only and does not constitute investment advice.
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