Bitcoin’s Metric Hits Lowest Level Since 2022 Bear Market (The Real Bottom)

On Bitcoin

Changed since their last video: days went from leaning up to expecting up; weeks went from leaning up to expecting up.

Views

• Next days (next 1–7 days): Expects up: it does seem like low 64s or mid 64s is very very very very likely within the next week, um maybe 2 weeks at most. ▶ 10:35 Said again while their call of 1 Jul 2026 was open, so it counts once; that call was right: 60.1k when said, 61.7k on 8 Jul 2026 (+2.6%).
• Next weeks (next 2–6 weeks): Expects up (timeframe is our reading): all these things make me quite confident you're going to see a move somewhere somewhere around 67,500 to 69,500. ▶ 09:27 Said again while their call of 9 Jun 2026 was open, so it counts once; that call was right: 61.1k when said, 62.9k on 9 Jul 2026 (+2.8%).

If this, then that

• If Bitcoin reclaims the Rev and ribbons mid-band, then 64.7k (next weeks): if Bitcoin can reclaim the mid-band, then uh then again, you know, the gray dots and upper band one right here at 60 uh about 64,700 become ▶ 09:54
• If Bitcoin reclaims the previous lower weekly high, confirming a reversal, then no target given (this cycle): the most obvious way and the least uh impressive way would be to reclaim the the previous uh lower weekly high, which is about 83,000 bucks. ▶ 10:50
• If 5-day closes above 61,850, confirming bullish divergence and engulfing, then no target given (next weeks): close above that 61 850 number, and if it does, it confirms all of that bullish divergence plus bullish engulfing, and and I do look higher for Bitcoin on this rally at least. ▶ 06:17
• If Weekly close above 62,650 reclaims the white 200 simple, then no target given (next weeks): even Bitcoin's going to have a chance on the weekly here to potentially even reclaim the the uh the white 200 simple if it close above 62,650. ▶ 13:10

Levels named

• 83k: Target (previous lower weekly high, reclaiming it would confirm a reversal): the most obvious way and the least uh impressive way would be to reclaim the the previous uh lower weekly high, which is about 83,000 bucks. ▶ 10:50
• 67.5–69.5k: Target (5-day 21 EMA plus three drives of bullish divergence and momentum turning up): all these things make me quite confident you're going to see a move somewhere somewhere around 67,500 to 69,500. ▶ 09:27
• 65.1k: Target (2-day 21 EMA on spot acts as a magnet after bullish divergence): For spot price action, it is more so around 65,100. I do think Bitcoin will probably get at least towards this one, ▶ 08:24
• 61–62k: Support (expected higher low after rejection at the 5-day 21 EMA): retest somewhere around the 5-day 21 EMA, reject on the first pass, come back down somewhere around 61 to 62,000 bucks, put in a higher low, ▶ 11:26
• 60k: Their view is wrong past this (stop-loss for the planned put spread trade): where would I take the loss on this one? Well, Bitcoin close back down below 60,000 bucks. ▶ 12:15

Their own position: Bought. I do want to once again repeat, I've been buying in the low 60s, and that is one of the reasons why.

Dates named

• Nonfarm payrolls far below expectations on 2 Jul 2026: yesterday we had that US economic data with nonfarm payrolls coming out, which was very, very bad, you know, much, much, much, much, much less than the expectations.