cryptoBitcoin: Bear Market Resistance Band
Benjamin Cowen · · Watch on YouTube
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BTC near publication: $63,9744-hour candle close · 22 Jun 2026, 04:00 UTC · BTC/USDT
On Bitcoin
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- Next months (next 2–6 months): Leans down:
we likely will go below it at some point later on this year. I don't know exactly when, but it seems like a a likely outcome.
▶ 02:44 Said again while their call of 18 Mar 2026 was open, so it counts once; that call was right: 73.9k when said, 64.8k on 16 Jul 2026 (−12.4%).
If this, then that
- If Bitcoin continues to hold the 200-week moving average support, then no target given (next weeks, by into July):
And so if if we can continue to hold it, then it would it would raise the odds of of maybe a brief counter trend rally into July kind of like we got in 2022.
▶ 06:53
Levels named
- 70–74k: Resistance (Bear market resistance band, which Bitcoin tends to get rejected by in bear markets):
Now right now the bare market resistance band to the upside is around $70 to $74,000.
▶ 02:49
Their own position: Not said.