Bitcoin To Drop To $100,000 Before A New All-Time High? Polymarket Traders Say Yes, But…

Bitcoin (CRYPTO: BTC) hovering under $110,000 has traders debating whether support will hold or a drop below $100,000 is imminent.

What Happened: Position trader Bob Loukas noted on X that Bitcoin is approaching its Weekly Cycle Low, five weeks after peaking.

While $118,000 would confirm a new cycle, short-term control remains with the bears.

Loukas highlighted that BTC failed to break its all-time highs in mid-August, signaling the weekly cycle peaked around Week 18.

Despite this, he remains bullish on the late-stage 4-year cycle, citing altcoins holding up as BTC …

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