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Bitcoin Sweeps The February 2026 Low

Benjamin Cowen · · 21:53 · Watch on YouTube

As of . Updated hourly as new videos are read.

BTC near publication: $60,6874-hour candle close · 6 Jun 2026, 04:00 UTC · BTC/USDT

On Bitcoin

Changed since their last video: weeks flipped up to down.

Views

  • Next weeks (next 2–6 weeks): Leans down: what it shows you is that while we are at the average right now, later in the month, the average would be a little bit lower. ▶ 14:38 Said again while their call of 19 May 2026 was open, so it counts once; that call was right: 77k when said, 64.5k on 18 Jun 2026 (−16.2%).
  • Next months (next 2–6 months): Leans down: I would argue that there is a high likelihood that the October low would be lower than the June low. ▶ 10:45 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 If 60k holds, then no target given (next months): If 60k holds, then Q4 lower low. ▶ 17:52
  • If If we go sub 60k, like down into the low 50s, then no target given (next months): And if we go sub 60k, like down into the low 50s, then you could still have a lower low in Q4. ▶ 18:03
  • If If we capitulate like 2020, then no target given (next months): If we capitulate like 2020, then Q4 would likely be a higher low. ▶ 18:11

Levels named

  • 60k: Support (February low found support here; too early to know if the June low holds): In 2026, so far we have found support at 60K in February, but it's too early in June to know if this will be support or not. ▶ 07:21
  • 53–54k: Target (Bitcoin has historically gone below the realized price in bear markets): And right now, the realized price for Bitcoin is around 53 to 54k. ▶ 18:44
  • 50k: Target (average of prior midterm years is about 45% below the yearly open by mid-June): 45% down from the yearly open, you know, kind of puts you around that around that 50k level. ▶ 15:21

Their own position: Not said.