"Bitcoin Will Bottom When This Happens" | Ben Cowen

On Bitcoin

Guest Ben Cowen · not counted as The Wolf Of All Streets' view.

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• Next months (next 2–6 months): Leans down: So my guess is that we will likely break below 60K later this year, but it could be it could be relatively short-lived, right? ▶ 10:30
• This cycle (next 6–18 months): Expects down (timeframe is our reading): I would say the likelihood that the low is in is probably only like 25%. ▶ 00:19

If this, then that

• If Bitcoin goes below 60K, into the 30 to 50K range, then 30–50k (this cycle): if I think if we were to go below 60K, like let's say we were to go to like the 30 to 50K range or something, that would be ▶ 02:55

Levels named

• 126k: Resistance (no new all-time high until the next market cycle): I don't think we're going to be going above 126 until sometime in in the next market cycle ▶ 11:31
• 60k: Support (6K held for a long time in the 2018 bear market and in 2019 until it broke): by the way, remember 60K is an important level because even in in the 2018 bear market, we held 6K for a long time. ▶ 10:17
• 30–50k: Target (indicators would show a fairly convincing bottom there, in line with past bear market lows): if I think if we were to go below 60K, like let's say we were to go to like the 30 to 50K range or something, that would be ▶ 02:55

Their own position: Not said.