The Exact Bitcoin Levels That Decide the Next Move | Krown

On Bitcoin

Guest Eric Crown · not counted as Crypto Banter's view.

Views

• Next weeks (next 2–6 weeks): Leans up (timeframe is our reading): I do think that this rally will carry Bitcoin up to maybe like 69, 70,000 bucks and then pop back down for that higher low. ▶ 13:57
• Next months (next 2–6 months): Leans up: we're probably going to see, you know, a multi-month, you know, relief rally at, you know, at very worst here. ▶ 21:07
• This cycle (next 6–18 months): Leans up (timeframe is our reading): And I would say even if the macro low isn't in, I just don't think it has that much more downside at this point anyways. ▶ 20:57

If this, then that

• If Bitcoin finishes the month above 63,735 and reclaims the monthly 55 EMA, then no target given (next weeks, by this month's closure): if Bitcoin just finishes above 63,735 right now, it will reclaim that moving average. ▶ 09:38
• If Bitcoin closes the month above 64,371, which forces the monthly stochastic to cross up, then no target given (next weeks, by this month's closure): And it is 64,371. That is a reverse calculation right there. So assuming Bitcoin closes out the month here or higher, it's not just going to be reclaiming the monthly 55 EMA. ▶ 13:01
• If A weekly higher low followed by a reclaim of the May high calls the macro bull market back on, then no target given (this cycle): reclaiming this high right here from May. If I see that, I will call macro bull market on again. ▶ 14:05

Levels named

• 69–70k: Target (Expected rally high before a pullback to a weekly higher low): I do think that this rally will carry Bitcoin up to maybe like 69, 70,000 bucks and then pop back down for that higher low. ▶ 13:57
• 65.5k: Resistance (A short-term close above this high would confirm the low for him): I really want to see Bitcoin close above that 65,500 high. That confirms it for me. ▶ 09:57
• 64.4k: Resistance (Monthly close needed to force a monthly stochastic cross to the upside): And it is 64,371. That is a reverse calculation right there. So assuming Bitcoin closes out the month here or higher, it's not just going to be reclaiming the monthly 55 EMA. ▶ 13:01
• 63.7k: Resistance (Monthly 55 EMA; a monthly close back above it has marked past lows): if Bitcoin just finishes above 63,735 right now, it will reclaim that moving average. ▶ 09:38
• 60k: Their view is wrong past this (Psychological number; he treats this as a macro low only while price stays above it): For me, 60,000 basically, even at this point, is a major, major, major, major, major level. ▶ 21:29

Their own position: Bought, no leverage. Like, I, you know, I actually do what my analysis says. So, I have bought a lot of spot Bitcoin in the low 60s,