Bear Market or Reset? James Check Explains Bitcoin’s Brutal 80K Washout

On Bitcoin

Guest James Check · not counted as Coin Bureau's view.

Views

• Next weeks (next 2–6 weeks): Leans down (timeframe is our reading): very aware that we probably aren't done with this correction yet. There's probably a bit of process to go. ▶ 08:27
• This cycle (next 6–18 months): Expects up (timeframe is our reading): When we blast through alltime high again, and we will, that whole narrative is going to disappear because Bitcoin's job is just to be a cockroach and just keep going. ▶ 25:16

Levels named

• 82k: Support (True market mean is the average cost basis of active investors and ETFs, the center of gravity): true market mean it's about 82k and the reason that's an important level is it basically captures the average cost basis for active investors. ▶ 07:11
• 56k: Support (200 week moving average, where bear markets have historically bottomed; he does not think price necessarily has to go there): Not only is there the 200 week down to 56, there's another onchain price model called the realized price which we have also historically bottomed at. ▶ 10:06

Their own position: Bought. you're going to get me coins in the 80s. I'm going to take them all day. So to answer your previous question, yeah, I'm a very happy stacker down here