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Bitcoin: Bull Market Support Band

Benjamin Cowen · · 29:03 · Watch on YouTube

As of . Updated hourly as new videos are read.

BTC near publication: $108,3784-hour candle close · 23 Oct 2025, 04:00 UTC · BTC/USDT

On Bitcoin

Changed since their last video: weeks moved waiting to up.

Views

  • Next weeks (next 2–6 weeks): Leans up (timeframe is our reading): And if we cannot pump between now and then, then that will be the best chance to get a another rally ▶ 24:42 The call was wrong: 108.4k when said, 84.4k on 22 Nov 2025 (−22.1%).
  • This cycle (next 6–18 months): Leans down: I definitely subscribe to the view of if it's not broke don't fix it. Therefore, I would assume that next year will in fact be a bare market for Bitcoin ▶ 04:28 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 Bitcoin recovers back above the bull market support band by December and gets one final rally before the cycle is over, then no target given (next months, by by December): If by December, Bitcoin has been able to recover back above the bull market support band, and if it is able to get one final rally before the cycle's over ▶ 12:34
  • If Bitcoin has weekly closes below the 50-week moving average by the end of the post-halving year or going into the midterm year, then no target given (this cycle, by by the end of the post having year or going into the midterm year): when when Bitcoin closes the weekly closes below the 50WE moving average, you know, sometime by the end of the post having year or going into the midterm year, the cycle's over ▶ 15:17
  • If Weekly closes below 100K would confirm that the top is in, then no target given (this cycle): the, you know, the the 5 to 10% drop that it would take to kind of confirm that the top is in weekly closes below 100K would be a lot less painful ▶ 28:17

Levels named

  • 126k: Resistance (current cycle top set in October): the current top right now Bitcoin's top is at 126K ▶ 07:26
  • 114k: Resistance (50-day SMA about to cross the 200-day SMA): The 50-day SMA right now is at a 114. The 200 day is at 108. ▶ 25:00
  • 108k: Support (200-day SMA about to cross the 50-day SMA): The 50-day SMA right now is at a 114. The 200 day is at 108. ▶ 25:00
  • 100k: Support (weekly closes below 100K would confirm the top is in): the, you know, the the 5 to 10% drop that it would take to kind of confirm that the top is in weekly closes below 100K would be a lot less painful ▶ 28:17

Their own position: Holding. So the best thing that I can do right as an investor is limit most of my exposure within the cryptocurrency asset class limit it to Bitcoin.

Dates named

  • 50-day/200-day SMA death cross, undated: So the 50-day SMA, the 200 day SMA, they're probably going to cross in the next few weeks.