Bitcoin Drops to Lowest Level Since April: Time to Buy?

On Bitcoin

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

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• Next days (next 1–7 days): Leans up (timeframe is our reading): but in the short term, you know, Bitcoin could easily try for a bounce at the 618 level again. ▶ 02:02 Said again while their call of 29 May 2026 was open, so it counts once; that call was wrong: 73.8k when said, 60.4k on 5 Jun 2026 (−18.1%).
• Next weeks (next 2–6 weeks): Leans down (timeframe is our reading): all of these things do make me think we we probably do stab into the lower end of it. ▶ 06:24 Said again while their call of 29 May 2026 was open, so it counts once; that call was right: 73.8k when said, 59.9k on 28 Jun 2026 (−18.9%).
• This cycle (next 6–18 months): Waiting on 62k (timeframe is our reading): actually come all the way down to that $62,000 number and probably close around there, which would give the potential to confirm regular bullish divergence on the weekly RSI. ▶ 07:05

If this, then that

• If Bitcoin comes down to $62,000 and closes around there, confirming bullish divergence on the weekly RSI, then no target given (this cycle): actually come all the way down to that $62,000 number and probably close around there, which would give the potential to confirm regular bullish divergence on the weekly RSI. ▶ 07:05

Levels named

• 75.8k: Resistance (ribbons indicator mid band on daily closing basis; bearish bias while below it): It's uh sitting at the moment at 75,785. ▶ 03:00
• 74.5k: Resistance (7-day average of short liquidation levels): to even put the 7-day average of the short liquidation levels under pressure. That is effectively at 74,500. ▶ 05:44
• 60–70k: Support (long-term accumulation zone seen as value for 4 to 5 year holders, with LTI strong buy signal): I'm still looking at this area as value anywhere between 60,000 bucks and 70,000 bucks for people who are willing to hold the corns ▶ 01:03
• 68.5k: Resistance (upper end of the range being watched): On the upper end, it is that 68,500 level right here ▶ 03:51
• 66.5k: Support (monthly HPDR 61.8% level): monthly HPDR, that 61.8% level also showing an area of interest around 66,500. ▶ 06:48
• 65k: Support (price action pivot): the price action pivot coming in around about 65,000 bucks. ▶ 04:26
• 62–63k: Target (worst-case downside target in the short/medium term): worst, worst, worst, worst, worst case scenario in the short/medium term is going to be about 62 to 63,000 bucks. ▶ 04:31

Their own position: Holding, no leverage. I will personally be holding a lot longer than that