Bitcoin nears $88K as veteran trader sees unusual market resilience and potential long-term bottom forming.

Veteran trader Bob Loukas highlights Bitcoin's unusual market behavior as it approaches the $85,000-$88,000 range, showing resilience unlike typical bear market bounces. He suggests this rise, lasting 88 days, indicates base building and a possible long-term cyclical bottom forming through 2026. Despite breaking $81,000, caution remains as the $85,000-$88,000 zone may act as a strong resistance, risking a retest of lower ranges if not surpassed. Loukas views 2026 as a transformation period with Bitcoin likely to consolidate between $60,000-$70,000 rather than sharply decline, emphasizing endurance over quick price moves.