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Bitcoin (BTC) to Give Bears “Nice Welcome Shakeout” As Soon as This Happens: Prominent Analyst

Tue, 04/04/2023 - 15:09
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Yuri Molchan
Trader Bob Loukas has shared his take on when the Bitcoin bears will finally drop their bias
Bitcoin (BTC) to Give Bears “Nice Welcome Shakeout” As Soon as This Happens: Prominent Analyst
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Prominent cryptocurrency analyst and trader Bob Loukas has taken to Twitter to share his opinion as to when Bitcoin will be able to shake off all the bears.

Loukas stated that once Bitcoin gets over $34,000, “the bears will finally drop their bias”. Besides, at the same level the market will give them a “nice welcome shakeout”.

Regaining the $34,000 level does not seem an easy task for Bitcoin as BTC was last seen there in May 2022. Recently, however, Bitcoin price has rallied to even touch the $29,000 level fueled by the banking crisis that has hit the US after several major banks were shut down and bailed out or sold.

3.5 Trillion SHIB Moved as Abnormal Shiba Inu Transaction Spike Continues

In the meantime, the flagship cryptocurrency Bitcoin has recovered after a plunge of 2.7 percent (when it lost about $1,000), triggered by the rumor that Interpol might have plans to issue a personal investigation against the head of Binance – Changpeng Zhao.

However, inexhaustible and unbendable CZ refuted this news as FUD spread by other exchanges and trashed crypto media that were writing about this. Once it happened, BTC gained back its recent losses and is now changing hands at the $28,147 level.

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About the author

Yuri is a crypto journalist interested in technology and technical innovations. He has been in crypto since 2017. Believes that blockchain and cryptocurrencies have a potential to transform the world in the future in many of its aspects. ‘Hodls’ major cryptocurrencies and has written for multiple crypto media outlets. 

His articles have been quoted by such crypto influencers as Tyler Winklevoss, John McAfee, CZ Binance, Max Keiser, etc.

Currently Yuri is a news writer at U.Today and can be contacted at