Why ALT Season Has Not Happened
Benjamin Cowen · · 16:02 · Watch on YouTube
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BTC near publication: $107,1594-hour candle close · 4 Nov 2025, 04:00 UTC · BTC/USDT
On Bitcoin
No change since their last video.
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- This cycle (next 6–18 months): Leans down (timeframe is our reading):
I'm under the impression that the four-year cycle is intact. the the high was either in October, the high is either already behind us or you might get a slightly higher high before the end of the year.
▶ 07:55 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%).
If this, then that
- If multiple weekly closes below the 50-week moving average, then no target given (this cycle):
I've said many times, right, if you start to get multiple weekly closes below the 50week moving average, then arguably the cycle is over. Okay, right now we're still above it. The 50WE moving average is around $103,000.
▶ 13:16
Levels named
- 130–140k: Target (described as the best case scenario for Bitcoin at this point):
even as I said before 130k 140k Bitcoin is probably your best case scenario at this point
▶ 15:22 - 103k: Support (50-week moving average has been held as support the last few times):
The 50WE moving average is around $103,000. We're still above it right now. You can see the last few times we have held support at it.
▶ 13:24
Their own position: Not said.
Dates named
- Quantitative tightening ends, undated:
because quantitative tightening is ending in December, there is a good chance that Bitcoin dominance could skyrocket between now and then.