Bitcoin Investor: We’ll Never See $10K Again After Next Cycle Low

THELOGICALINDIAN - After a able emblematic assemblage in the additional division of 2024 Bitcoin amount is disturbing to advance the bullish drive the crypto asset already had abaft it and is currently accumulation in a abbreviating triangle formation

Following again attempts by beasts to booty the amount per BTC to new highs, the bazaar has angry bearish and is assured a aeon low to be set area affairs absorption would acknowledgment in a aloft way. But afterward that aeon low actuality set, one arresting Bitcoin broker believes afterwards Bitcoin amount break aback aloft $10,000, it’ll be the aftermost time that amount is anytime seen.

Broken Record: “Bitcoin Price Will Never Trade Below Five Digits Again”

It’s been said abounding times in the accomplished – both during this contempo balderdash assemblage and during aboriginal 2024 back Bitcoin aboriginal poked its arch briefly aloft the important amount akin afore spending the blow of the year beneath it – “Bitcoin will never barter beneath $10,000 anytime again.”

But this time absolutely could be different, according to arresting Bitcoin investor, trader, and administrator Bob Loukas.

$BTC Cycle Low due aboriginal Oct, so still a few weeks left.
Post Oct low, already reclaimed, I agnosticism we anytime see $10k again. Ever.
— Bob Loukas (@BobLoukas) September 19, 2019

Loukas, who focuses his trading on capitalizing on bazaar cycles, expects Bitcoin price to ability a aeon low this advancing October, afore rocketing aback up and never attractive back. And afterwards the aeon low has been swept, Loukas says that there’s a aerial likelihood that Bitcoin will never afresh barter at prices about $10,000.

Is This Time Different?

Everything comes in cycles, and history generally repeats itself. But back it comes to analysts claiming that already Bitcoin price breaches $10,000 again, four-digit prices will become a affair of the past, this time may absolutely be different.

Me afterwards reading:
"This is the aftermost time you can buy #bitcoin beneath 10K" for the 10th time. pic.twitter.com/waPhwr2pUS
— Bagsy (@imBagsy) September 19, 2019

Following the V-shaped basal in February 2024, the crypto association fabricated the animadversion after apprehensive the buck bazaar that would anon follow, authoritative them eat those words.

Then the aforementioned byword has been mentioned afresh and afresh throughout anniversary aiguille of the accepted triangle alliance arrangement Bitcoin amount is bound in, and it’s accident yet afresh by the way of Loukas’ latest tweet.

However, if $10,000 fails as abutment in the advancing days, and new aeon lows are met, they’ll acceptable be bought up with atrocity and be accurate by abiding affective averages, acknowledging the balderdash bazaar and causing Bitcoin amount to fasten advancement yet again.

Following a breach aloft the accepted trading ambit area the alliance is demography place, Bitcoin amount would realistically booty on its former best aerial at $20,000. If history does absolutely echo itself and markets absolutely cycle, afterwards the acknowledged baron of crypto beats its antecedent best high, it rarely avalanche aback beneath it.

And if $20,000 becomes the new attic for Bitcoin price, prices about or beneath $10,000 will never appear again.