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Bitcoin Closes Below the Bear Market Resistance Band

Benjamin Cowen · · 05:11 · Watch on YouTube

As of . Updated hourly as new videos are read.

BTC near publication: $73,7694-hour candle close · 1 Jun 2026, 04:00 UTC · BTC/USDT

On Bitcoin

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

Views

  • Next days (next 1–7 days): Leans down: what's most likely to happen is that Bitcoin tags 70k soon, bounces back up for a few days, and then goes back to the February lows. ▶ 02:32 The call was right: 73.8k when said, 63.1k on 8 Jun 2026 (−14.4%).
  • Next weeks (next 2–6 weeks): Leans down (timeframe is our reading): It'll bounce, get rejected, go down to the to the February low. That's my guess. I could be wrong, ▶ 04:45 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%).

Levels named

  • 70k: Target (Other): where right now Bitcoin heads down to 70k. ▶ 02:56

Their own position: Not said.