Crypto Analyst Bob Loukas Adjusts Bitcoin Portfolio Amid Cycle Concerns
- Bob Loukas reduced his Bitcoin exposure by selling one-third of his portfolio at $79,500.
- The decision was influenced by technical chart breakdowns and macroeconomic concerns.
- Loukas maintains a two-thirds Bitcoin allocation, totaling 27 BTC, with the rest in cash.
- He estimates a 33% chance that Bitcoin has peaked for this four-year cycle.
- A potential decline to $52,000 is seen as a reentry opportunity, not an immediate forecast.
Veteran analyst Bob Loukas has adjusted his Bitcoin holdings due to increased risk of a cycle peak, maintaining a cautious stance while still holding significant investment in the cryptocurrency. At press time, Bitcoin traded at $77,743.
Source (2.6)https://www.newsbtc.com/news/bitcoin/33-chance-bitcoin-topped-brace-52000/?rand=52377
