cryptoBitcoin Just Nuked - Here’s What You Need To Know
Lark Davis · · 20:00 · Watch on YouTube
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BTC near publication: $62,5464-hour candle close · 4 Jun 2026, 12:00 UTC · BTC/USDT
On Bitcoin
Changed since their last video: days moved waiting to down.
Views
- Next days (next 1–7 days): Leans down:
Now, with Bitcoin ETF selling the way it's been, I'm not sure today's low is going to hold when Wall Street wakes up.
▶ 08:31 The call was a draw: 62.5k when said, 63.1k on 11 Jun 2026 (+0.9%), under the 1% it takes to count.
If this, then that
- If Clarity Act passes and money starts flowing back into crypto, then no target given (next months):
Now, we do have the Clarity Act coming. Could be a month away. Could be the big catalyst that turns the crypto market around and sees money starting to flow back in.
▶ 03:34
Levels named
- 62k: Support (200-week simple moving average that price is flirting with):
This is approximately the 200-week simple moving average is at $62,000, which is currently where the price is kind of flirting with.
▶ 01:03 - 58.6k: Support (Bitcoin power law support line has never been broken):
The support level's never dipped under uh the Bitcoin power law, which is at $58,600 right now.
▶ 05:30 - 38–40k: Target (standard bear market drawdown level where buyers are waiting):
everybody is waiting for 38K or 40K to buy, which would be the standard bear market drawdown.
▶ 03:28
Their own position: Bought. Uh hey, uh you know what? I'm trying to long the corn here. We're going to see how this works out.
Dates named
- Clarity Act, undated:
Now, we do have the Clarity Act coming. Could be a month away. Could be the big catalyst that turns the crypto market around and sees money starting to flow back in.