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Analyst Bob Loukas Purchases 10 BTC at $65,000 as Bitcoin Eyes Cycle Bottom on June 4

Price Prediction

2026-06-10 07:12:04

BTC3.51%

On June 4, analyst Bob Loukas said Bitcoin's recent weakness aligns with its historical four-year market cycle and does not signal a structural break. Loukas identified US$53,000 as a critical support level and noted the market is entering the period when cycle lows typically form. His model portfolio has already purchased 10 BTC at US$65,000 (AU$90,350), with additional cash reserved for further price declines. Loukas maintains that Bitcoin is approaching its expected cycle conclusion later in 2026.

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