Bitcoin Relief Rally Brewing
Lark Davis · · 18:39 · Watch on YouTube
As of . Updated hourly as new videos are read.
BTC near publication: $63,4804-hour candle close · 8 Jun 2026, 12:00 UTC · BTC/USDT
On Bitcoin
Changed since their last video: days flipped down to up.
Views
- Next days (next 1–7 days): Leans up:
Will that be enough to keep the price afloat and to even push us up to a relief rally, perhaps as high as the 20-day EMA up around $69,000 currently?
▶ 00:57 The call was right: 63.5k when said, 66.2k on 15 Jun 2026 (+4.3%).
Levels named
- 69k: Target (20-day EMA is the possible relief rally high):
Will that be enough to keep the price afloat and to even push us up to a relief rally, perhaps as high as the 20-day EMA up around $69,000 currently?
▶ 00:57 - 60k: Support (buyers stepping in under 60k):
We see a lot of buyers step in as soon as Bitcoin goes under 60k, buyers have been stepping in.
▶ 00:53 - 40k: Support (four-year cycle crowd expects an October bottom near 40k):
the psychology of the Bitcoin trade basically dictates that we have to bottom around $40,000, approximately, in October.
▶ 02:43
Their own position: No position. Currently, no trade open on BTC got stopped out two times trying to catch the damn bottom.
Dates named
- Kevin Warsh's first Fed meeting, undated:
Next week, Kevin Warsh is coming in and he's having his first Fed meeting, and that's going to determine a lot of the tone for the rest of the year on what he says and if he cuts rates.
- Clarity Act, undated:
With Clarity Act coming, we might see a bullish catalyst forming up. Perhaps the Bitcoin Strategic Reserve gets announced and we see a big move in BTC.