Crypto Is Broken (This Is The Only Fix)

On Bitcoin

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

Views

• Next weeks (next 2–6 weeks): Leans down (timeframe is our reading): I think we stay pressure to the downside. We're in a firm downtrend. I don't really particularly think that in the short term we break over $100K. ▶ 36:29
• Next months (next 2–6 months): Leans down: We can be under pressure for the next 3 to 6 months easily. ▶ 33:29
• This cycle (next 6–18 months): Leans up: If this year is red, it arguably massively increases the probabilities that next year is not red. ▶ 36:17

Levels named

• 108k: Resistance, expected to turn price back (stays under downside pressure in a downtrend): I don't really particularly think that in the short term we break over $100K. I definitely don't think we break over $108,000. ▶ 36:33
• 100k: Resistance, expected to turn price back (stays under downside pressure in a downtrend): I don't really particularly think that in the short term we break over $100K. I definitely don't think we break over $108,000. ▶ 36:33
• 80k: Support (possible local low where a bounce could start): Yes, maybe we bounce from here. Looks like that could easily been a local low like $80K, but ▶ 37:24

Their own position: Not said.

Dates named

• New Fed chair replaces Powell, likely Kevin Hassett, around June, undated: This isn't happening until, you know, June, give or take. There's a very good chance it's going to be Kevin Hassett.