Bob Loukas, Cycle trader, founder of Bitcoin Live

Loukas has been methodically updating his followers on the market’s progress since calling the Bitcoin bottom in December 2018. Many of his updates revolve around intermediate analyses of 60-day cycles, which comprise the larger four-year cycle trend. Loukas believes that asset markets form much larger 16-year cycles than the four-year cycle.

Outside of his investment work, little is known about Loukas. Loukas, who is based in New York City, assists in the operation of Bitcoin Live, a membership website that teaches users about cycle theory as it relates to cryptocurrency. Exclusive content is also available from prominent market analysts Big Cheds and Peter Brandt, among others.

2023

According to Bob Loukas’ latest discussion of his long-term predictions for Bitcoin, the most popular cryptocurrency is poised for yet another upswing. However, there is a “roadblock” in the equality-motivated approach.

In a new image he posted to the BTCUSD exchange, Loukas asked traders to “cut out the noise and expand the scope.” The 10-month moving average has been broken by BTCUSD, and it has also retested and recovered a previous resistance line that is currently seen as support.

2022

As Bitcoin nears the end of its current four-year cycle, 2022 is expected to be a big year for cycle theorists. Loukas anticipates a cycle low for the digital asset in late-2022, paving the way for the next cycle. Although it is unclear how the current cycle will unfold, let alone the next four years, Loukas previously speculated that the next quadrennial epoch could be defined by an early mania phase followed by a long bear market. In this case, the cycle is “left translated” rather than “right translated,” which means that the majority of the gains occur early in the cycle rather than later.

However, as he states in his bio, “my crystal ball is frequently wrong,” which means that investors should only use his cycle theory as a guide for how the market might play out. Nonetheless, his model portfolio, which includes 30 BTC, has a net profit of 4,100%. That’s what you get for buying low and stockpiling more during major capitulation events like the March 2020 liquidation crisis.

Latest news about Bob Loukas

• Bitcoin mining reached its annual all-time high in revenue on November 12, surpassing $44 million in block rewards and transaction fees. This achievement mirrors April 2022’s revenue levels, highlighting the sector’s reliability. Bitcoin mining firm Marathon Digital Holdings reported a Q3 performance of $64.1 million, compared to a loss of $72.5 million in the same period last year. The mining sector’s stable performance signals a positive outlook for the broader cryptocurrency ecosystem, as Bitcoin continues to capture mainstream attention.
• Bitcoin miners are preparing for the anticipated “halving” in April 2024, which will reduce the token production rate and reduce rewards for generating bitcoins. This event, which occurs every 210,000 blocks, will impact Bitcoin’s supply and mining dynamics. Exchange-traded funds like SATO are crucial in the halving discussion, prompting miners to retire older software and increase efficiency.

Latest Social posts of Bob Loukas