The Unemployment Rate Rises to 4.4%
Benjamin Cowen · · 12:12 · Watch on YouTube
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BTC near publication: $84,7404-hour candle close · 23 Nov 2025, 00:00 UTC · BTC/USDT
On Bitcoin
Changed since their last video: cycle went from leaning down to expecting down.
Views
- Next months (next 2–6 months): Leans down (timeframe is our reading):
And then it kind of confirms the bear market and goes to the 200-week moving average. That seems like a viable path to me.
▶ 10:29 Said again while their call of 17 Nov 2025 was open, so it counts once; that call was right: 94.3k when said, 74.9k on 17 Mar 2026 (−20.6%). - This cycle (next 6–18 months): Expects down (timeframe is our reading):
It always tops in Q4 of the post-halving year. And then it goes down for a year.
▶ 09:43 Said again while their call of 6 Oct 2025 was open, so it counts once; that call was right: 123.5k when said, 85.8k on 6 Oct 2026 (−30.5%).
Levels named
- 100k: Resistance (In 2019 Bitcoin kept rallying back to the old 10k level after losing it):
So, it's not impossible for Bitcoin to potentially rally back up to 100k at some point.
▶ 06:26 - 65k: Target (200-week moving average expected near this price by mid-next year):
6,500 65,000 is probably where that 200-week moving average is going to be by mid-next year, if I had to guess.
▶ 06:38
Their own position: Not said.
Dates named
- December FOMC meeting, undated:
Like why are we going into December meeting with a 60% chance that they hold here at 4%?