{"id":396583,"date":"2019-09-19T18:00:20","date_gmt":"2019-09-19T18:00:20","guid":{"rendered":"https:\/\/ktsl888.com\/?p=396583"},"modified":"2019-09-19T14:55:21","modified_gmt":"2019-09-19T14:55:21","slug":"bitcoin-investor-well-never-see-10k-again-after-next-cycle-low","status":"publish","type":"post","link":"https:\/\/ktsl888.com\/news\/bitcoin-investor-well-never-see-10k-again-after-next-cycle-low\/","title":{"rendered":"Bitcoin Investor: We\u2019ll Never See $10K Again After Next Cycle Low"},"content":{"rendered":"<p class=\"p1\"><span class=\"s1\">After a powerful parabolic rally in the second quarter of 2019, <a href=\"\/tag\/bitcoin-price\" rel=\"nofollow\">Bitcoin price<\/a> is struggling to maintain the bullish momentum the crypto asset once had behind it and is currently consolidating in a tightening triangle formation.<\/span><\/p>\n<p class=\"p1\"><span class=\"s1\">Following repeated attempts by bulls to take the price per BTC to new highs, the market has turned bearish and is expecting a cycle low to be set where buying interest would return in a major way. But following that cycle low being set, one prominent Bitcoin investor believes after Bitcoin price breaks back above $10,000, it\u2019ll be the last time that price is ever seen.<\/span><\/p>\n<h2 class=\"p1\"><span class=\"s1\">Broken Record: \u201cBitcoin Price Will Never Trade Below Five Digits Again\u201d<\/span><\/h2>\n<p class=\"p1\"><span class=\"s1\">It\u2019s been said many times in the past \u2013 both during this recent bull rally and during early 2018 when Bitcoin first poked its head briefly above the important price level before spending the rest of the year below it \u2013 \u201cBitcoin will never trade below $10,000 ever again.\u201d<\/span><\/p>\n<p style=\"text-align: center\"><em><strong>Related Reading | <a href=\"https:\/\/ktsl888.com\/2019\/09\/17\/crypto-analyst-bitcoin-price-boredom-ends-with-break-of-9k-or-12k\/\">Crypto Analyst: Bitcoin Price Boredom Ends With Break of $9K or $12K\u00a0<\/a><\/strong><\/em><\/p>\n<p class=\"p1\"><span class=\"s1\">But this time really could be different, according to prominent <a href=\"https:\/\/4yearjourney.com\" target=\"_blank\" rel=\"noopener noreferrer nofollow\">Bitcoin investor<\/a>, trader, and entrepreneur Bob Loukas.<\/span><\/p>\n<blockquote class=\"twitter-tweet\" data-width=\"500\" data-dnt=\"true\">\n<p lang=\"en\" dir=\"ltr\"><a href=\"https:\/\/twitter.com\/search?q=%24BTC&amp;src=ctag&amp;ref_src=twsrc%5Etfw\" rel=\"nofollow\">$BTC<\/a> Cycle Low due early Oct, so still a few weeks left.  <\/p>\n<p>Post Oct low, once reclaimed, I doubt we ever see $10k again.  Ever.<\/p>\n<p>&mdash; Bob Loukas \ud83d\uddfd (@BobLoukas) <a href=\"https:\/\/twitter.com\/BobLoukas\/status\/07840768?ref_src=twsrc%5Etfw\" rel=\"nofollow\">September 19, 2019<\/a><\/p><\/blockquote>\n<p><script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<p class=\"p1\"><span class=\"s1\">Loukas, who focuses his trading on capitalizing on market cycles, expects <a href=\"\/tag\/bitcoin-price\" rel=\"nofollow\">Bitcoin price<\/a> to reach a cycle low this coming October, before rocketing back up and never looking back.<span class=\"Apple-converted-space\">\u00a0 <\/span>And after the cycle low has been swept, Loukas says that there\u2019s a high likelihood that Bitcoin will never again trade at prices around $10,000.<\/span><\/p>\n<h2 class=\"p1\"><span class=\"s1\">Is This Time Different?<\/span><\/h2>\n<p class=\"p1\"><span class=\"s1\">Everything comes in cycles, and history often repeats itself. But when it comes to analysts claiming that once <a href=\"\/tag\/bitcoin-price\" rel=\"nofollow\">Bitcoin price<\/a> breaches $10,000 again, four-digit prices will become a thing of the past, this time may really be different.<\/span><\/p>\n<blockquote class=\"twitter-tweet\" data-width=\"500\" data-dnt=\"true\">\n<p lang=\"en\" dir=\"ltr\">Me after reading:<\/p>\n<p>&quot;This is the last time you can buy <a href=\"https:\/\/twitter.com\/hashtag\/bitcoin?src=hash&amp;ref_src=twsrc%5Etfw\" rel=\"nofollow\">#bitcoin<\/a> under 10K&quot; for the 10th time. <a href=\"https:\/\/t.co\/waPhwr2pUS\" rel=\"nofollow\">pic.twitter.com\/waPhwr2pUS<\/a><\/p>\n<p>&mdash; Bagsy (@Bagsy) <a href=\"https:\/\/twitter.com\/Bagsy\/status\/34859009?ref_src=twsrc%5Etfw\" rel=\"nofollow\">September 19, 2019<\/a><\/p><\/blockquote>\n<p><script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<p class=\"p1\"><span class=\"s1\">Following the V-shaped bottom in February 2018, the crypto community made the comment without suspecting the bear market that would soon follow, making them eat those words.<\/span><\/p>\n<p class=\"p1\"><span class=\"s1\">Then the same phrase has been mentioned again and again throughout each peak of the current triangle consolidation pattern Bitcoin price is locked in, and it\u2019s happening yet again by the way of Loukas\u2019 latest tweet.<\/span><\/p>\n<p style=\"text-align: center\"><em><strong>Related Reading | <a href=\"https:\/\/ktsl888.com\/2019\/09\/13\/poll-more-than-half-of-bitcoin-investors-expect-triangle-breakout\/\">Poll: More Than Half of Bitcoin Investors Expect Triangle Breakout\u00a0<\/a><\/strong><\/em><\/p>\n<p class=\"p1\"><span class=\"s1\">However, if $10,000 fails as support in the coming days, and new cycle lows are met, they\u2019ll likely be bought up with ferocity and be supported by long-term moving averages, confirming the bull market and causing Bitcoin price to spike upward yet again.<\/span><\/p>\n<p class=\"p1\"><span class=\"s1\">Following a break above the current trading range where the consolidation is taking place, Bitcoin price would realistically take on its <a href=\"https:\/\/ktsl888.com\/2018\/12\/17\/bitcoin-price-time-high\/\">former all-time high at $20,000<\/a>. If history does indeed repeat itself and markets indeed cycle, after the undisputed king of crypto beats its previous all-time high, it rarely falls back below it.<\/span><\/p>\n<p class=\"p1\"><span class=\"s1\">And if $20,000 becomes the new floor for <a href=\"\/tag\/bitcoin-price\" rel=\"nofollow\">Bitcoin price<\/a>, prices around or below $10,000 will never happen again.<\/span><\/p>\n","protected":false},"excerpt":{"rendered":"<p>After a powerful parabolic rally in the second quarter of 2019, Bitcoin price is struggling to maintain the bullish momentum the crypto asset once had behind it and is currently consolidating in a tightening triangle formation. Following repeated attempts by bulls to take the price per BTC to new highs, the market has turned bearish and is expecting a cycle low to be set where buying interest would return in a major way. But following that cycle low being set, one prominent Bitcoin investor believes after Bitcoin price breaks back above $10,000, it\u2019ll be the last time that price is ever seen. Broken Record: \u201cBitcoin Price Will Never Trade Below Five Digits Again\u201d It\u2019s been said many times in the past \u2013 both during this recent bull rally and during early 2018 when Bitcoin first poked its head briefly above the important price level before spending the rest of the year below it \u2013 \u201cBitcoin will never trade below $10,000 ever again.\u201d Related Reading | Crypto Analyst: Bitcoin Price Boredom Ends With Break of $9K or $12K\u00a0 But this time really could be different, according to prominent Bitcoin investor, trader, and entrepreneur Bob Loukas. $BTC Cycle Low due early Oct, so still a few weeks left. Post Oct low, once reclaimed, I doubt we ever see $10k again. Ever. &mdash; Bob Loukas \ud83d\uddfd (@BobLoukas) September 19, 2019 Loukas, who focuses his trading on capitalizing on market cycles, expects Bitcoin price to reach a cycle low this coming October, before rocketing back up and never looking back.\u00a0 And after the cycle low has been swept, Loukas says that there\u2019s a high likelihood that Bitcoin will never again trade at prices around $10,000. Is This Time Different? Everything comes in cycles, and history often repeats itself. But when it comes to analysts claiming that once Bitcoin price breaches $10,000 again, four-digit prices will become a thing of the past, this time may really be different. Me after reading: &quot;This is the last time you can buy #bitcoin under 10K&quot; for the 10th time. pic.twitter.com\/waPhwr2pUS &mdash; Bagsy (@Bagsy) September 19, 2019 Following the V-shaped bottom in February 2018, the crypto community made the comment without suspecting the bear market that would soon follow, making them eat those words. Then the same phrase has been mentioned again and again throughout each peak of the current triangle consolidation pattern Bitcoin price is locked in, and it\u2019s happening yet again by the way of Loukas\u2019 latest tweet. Related Reading | Poll: More Than Half of Bitcoin Investors Expect Triangle Breakout\u00a0 However, if $10,000 fails as support in the coming days, and new cycle lows are met, they\u2019ll likely be bought up with ferocity and be supported by long-term moving averages, confirming the bull market and causing Bitcoin price to spike upward yet again. Following a break above the current trading range where the consolidation is taking place, Bitcoin price would realistically take on its former all-time high at $20,000. If history does indeed repeat itself and markets indeed cycle, after the undisputed king of crypto beats its previous all-time high, it rarely falls back below it. And if $20,000 becomes the new floor for Bitcoin price, prices around or below $10,000 will never happen again.<\/p>\n","protected":false},"author":517,"featured_media":396588,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[5651,3],"tags":[428,679,38446,6664,52377],"class_list":["post-396583","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-bitcoin","category-news","tag-bitcoin","tag-bitcoin-price","tag-bob-loukas","tag-crypto","tag-market-cycles"],"acf":[],"yoast_head":"\n<title>Bitcoin Investor: We\u2019ll Never See $10K Again After Next Cycle Low<\/title>\n<meta name=\"description\" content=\"After a powerful parabolic rally in the second quarter of 2019, Bitcoin price is struggling to maintain the bullish momentum the crypto asset once had\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/ktsl888.com\/news\/bitcoin-investor-well-never-see-10k-again-after-next-cycle-low\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Bitcoin Investor: We\u2019ll Never See $10K Again After Next Cycle Low\" \/>\n<meta property=\"og:description\" content=\"After a powerful parabolic rally in the second quarter of 2019, Bitcoin price is struggling to maintain the bullish momentum the crypto asset once had\" \/>\n<meta property=\"og:url\" content=\"https:\/\/ktsl888.com\/news\/bitcoin-investor-well-never-see-10k-again-after-next-cycle-low\/\" \/>\n<meta property=\"og:site_name\" content=\"NewsBTC\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/newsbtc\" \/>\n<meta property=\"article:published_time\" content=\"2019-09-19T18:00:20+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2019-09-19T14:55:21+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/ktsl888.com\/wp-content\/uploads\/2019\/09\/bitcoin-investor-crypto-market-cycle-shutterstock_765742384.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"4713\" \/>\n\t<meta property=\"og:image:height\" content=\"3535\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Tony &quot;The Bull&quot; 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