Scott Bessent Just Lit the Fuse for a Major Bitcoin Pump!

On Bitcoin

Changed since their last video: weeks flipped up to down; months went from expecting up to leaning up.

Views

• Next weeks (next 2–6 weeks): Leans down (timeframe is our reading): We'll probably get a rejection from here. I wouldn't be surprised if we test 70. I wouldn't be surprised anywhere above 70. ▶ 09:50
• Next months (next 2–6 months): Leans up (timeframe is our reading): I'm going to go with another move up. I'm going with another move up. I'm going with another, another move up. ▶ 10:39

If this, then that

• If if we got a dump, then 70k (next weeks): For now, if we got a dump, 70,000 is probably the level. ▶ 10:05

Levels named

• 80k: Resistance (80k is the 50-week SMA, the toughest level in the bull market): We are struggling to break 80. The reason why we're struggling to break 80 is because that's the 50-week SMA. ▶ 06:29
• 70k: Support (probable level for a dump after rejection at the 50-week SMA): For now, if we got a dump, 70,000 is probably the level. ▶ 10:05
• 65k: Their view is wrong past this (host would turn less bullish below this level): I'd start being a little bit less bullish if we broke 65. ▶ 10:00

Their own position: Not said.

Dates named

• Treasury buyback size announcement (Bessent) on 9 Sep 2026: At 11:00 a.m. Eastern time, we'll know exactly how much they're buying. Watch the price of Bitcoin at 11:00 a.m. Eastern time.