cryptoBitcoin's New Low: When Will It Stop?
Coin Bureau · · 10:52 · Watch on YouTube
As of . Updated hourly as new videos are read.
BTC near publication: $59,9564-hour candle close · 29 Jun 2026, 12:00 UTC · BTC/USDT
On Bitcoin
Changed since their last video: months moved sideways to down.
Views
- Next months (next 2–6 months): Leans down (timeframe is our reading):
leaning towards hiking, which means one more violent flush towards 40,000 to 52,000 dollars may be needed before a durable floor can form.
▶ 08:05 The call was wrong: 60k when said, 79.9k on 27 Oct 2026 (+33.3%).
Levels named
- 62.2k: Resistance (200-week moving average, which Bitcoin has just broken below for the first time):
The 200-week moving average sits near $62,200 and Bitcoin has just broken below it for the first time.
▶ 06:24 - 53.4k: Support (realized price, the average cost basis of all coins, widely treated as the cycle floor):
sits at around $53,400. That's widely treated as the ultimate floor for this cycle.
▶ 06:18 - 40–52k: Target (no Fed pivot and a Fed leaning towards hikes may require another flush before a durable floor):
leaning towards hiking, which means one more violent flush towards 40,000 to 52,000 dollars may be needed before a durable floor can form.
▶ 08:05
Their own position: Not said.
Dates named
- June FOMC, Warsh's first meeting, seen as a hawkish shock on 17 Jun 2026:
On the 17th of June, new Fed Chair Kevin Warsh held his first FOMC meeting, and the market called it a hawkish shock.