Market-cycle analyst Bob Loukas posted on X on Monday, November 9, 2026, at 17:00 UTC, stating that Bitcoin is currently exhibiting signs of a cycle top. Loukas advised that the declining part of the cycle has taken control, leading him to expect further weakness for the digital asset into January. He shared his personal strategy, noting, "Week 14 or 20 Bitcoin, clearly showing a Cycle Top. Declining part of cycle taken control. Points to more likely weakness into Jan. But within the context of 4yr cycle having already found bottom. Looking towards Dec to get back fully allocated, currently 50% cash (active account). Close above $82k flips bias."
Bitcoin is currently trading at $74,819, reflecting a 1.4% decline over the past 24 hours. Recent market sentiment, as indicated by the Crypto Fear & Greed Index, sits at 29, signifying 'Fear.' This follows retail interest in Bitcoin remains high, with the asset leading chatter according to recent Gokhshtein Media coverage on the retail pulse. Another report highlighted a Tornado Cash wallet opening a significant $26.2 million Bitcoin long position on Hyperliquid.
Loukas's analysis suggests that while short-term weakness is likely, the current movements occur within the broader context of a four-year cycle that has already established a bottom. His plan to reallocate fully into Bitcoin by December implies a belief in a medium-term recovery, following the anticipated January weakness. Investors might watch the $82,000 price level as a key indicator, as Loukas indicated that a close above this threshold would shift his bias.
