Has The Crypto Bear Market Officially Begun? [The Truth]

On Bitcoin

Changed since their last video: cycle flipped down to up.

Views

• This cycle (next 6–18 months): Leans up: I still see this cycle moving out into maybe Q1 or Q2 of next year. But, you know, maybe I'm deluded. ▶ 14:25

If this, then that

• If Tech stabilizes, AI credit cools down, and earnings continue to hold, then no target given (this cycle): If Tech stabilizes, AI credit cools down, and earnings continue to hold, then fine, maybe the cycle continues. ▶ 09:38
• If The subprime contagion spreads and credit cracks continue to widen, then no target given (this cycle): If the subprime contagion spreads and if credit cracks continue to widen, then this isn't a dip. This is a cycle turn, and Bitcoin goes lower, alts get nuked ▶ 09:54

Levels named

• 100k: Resistance, expected to turn price back (Lost round-number level now becomes resistance in a daily downtrend): The issue really is that $100K becomes resistance. Bitcoin has been in a downtrend on the daily time frame for a while now. ▶ 06:54
• 92.5k: Target (CME gap that tends to get filled when price gets close): There's also a CME gap down at $92.5K. Especially when BTC gets so close, these gaps get filled in. ▶ 06:43

Their own position: Holding; would buy at 50k. In actual fact, if Bitcoin drops to $50K, that would be amazing for me. I would go and continue to buy Bitcoin.

Dates named

• December Fed rate cut odds dropped from 90% to a coin flip, undated: The market was pricing a 90% chance that rates would be cut in December. That has changed. It's basically now a coin flip.