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In his latest analysis, Loukas notes that despite Bitcoin being deeply oversold, the weekly chart “remains horrendous.” From a purely visual standpoint, he says, the apex cryptocurrency seems to be “hanging by a thread,” hinting at the possibility of another significant drop. Loukas also set a gloomy price target of roughly $49,000 per BTC for the leading digital asset.
Bitcoin Price To Crash To $49,000?
Responding to commenters who cited the business cycle indicator, Loukas dismissed it as the “biggest cope” in crypto. He also sees no evidence of a halving-driven rally, asserting that the upcoming halving is unrelated to Bitcoin’s current price action.
According to the pundit, early inflows were driven more by spot exchange-traded fund (ETF) developments, a pro‑crypto government stance, and regulatory shifts — but “beneath all of it, it has always been a bear cycle.”
Crypto prices are recovering from their worst weekend lows on Monday, mirroring a strong rebound in U.S. equity markets. Bitcoin has climbed to $69,343, gaining 5.4% in the past 24 hours, according to CoinGecko data.



 The premier crypto currently remains roughly 25% above Loukas’s target. If his projections hold, this implies that from the October 2025 peak, BTC could potentially plummet by an eye-watering 60%.
Analyst Tony Severino echoed this bearish outlook, citing Ichimoku Cloud signals that suggest a further decline of 38% to 66% from current levels is almost certain.
