Bitcoin: A Critical Moment

On Bitcoin

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• Next days (next 1–7 days): Waiting on 82.8k: But if Bitcoin surrenders the 82.8k position, it will likely pull back into the high 70s range before bouncing back and trying to reclaim the level before the week closes. ▶ 11:43
• Next months (next 2–6 months): Waiting on 83k: So, about 83 thousand. If it closes below that, then my base case scenario would be weakness in the fourth quarter. ▶ 05:32

If this, then that

• If Bitcoin surrenders the 82.8k level, then no target given (next days): But if Bitcoin surrenders the 82.8k position, it will likely pull back into the high 70s range before bouncing back and trying to reclaim the level before the week closes. ▶ 11:43
• If Weekly close below the May high, about 83 thousand, then no target given (next months): So, about 83 thousand. If it closes below that, then my base case scenario would be weakness in the fourth quarter. ▶ 05:32
• If Weekly close above the range high, then no target given (this cycle): A weekly close above the range high would indicate further acceptance of a bull market. ▶ 01:29

Levels named

• 82.8k: Support (May high / range high; a weekly close below it would look like a false breakout): But if Bitcoin surrenders the 82.8k position, it will likely pull back into the high 70s range before bouncing back and trying to reclaim the level before the week closes. ▶ 11:43

Their own position: Not said.

Dates named

• September rate hike in the midterm year, with Bitcoin weakness 50 to 90 days later, undated: you look at the ROI after the September rate hike in the interim year, you can see that often Bitcoin doesn't start showing weakness right after that September