Opinion

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Bob Loukas Calls Bitcoin 'Horrendous' on Weekly Chart, Sets $49,000 Target

Veteran trader Bob Loukas views Bitcoin's weekly chart as "horrendous" despite oversold conditions, setting a price target of $49,000. He dismisses the influence of business cycles and the halving on current price action, attributing recent movements to ETF inflows and government factors within a broader bear cycle.

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