What Bitcoin ACTUALLY Needs To Do For Alt-Season To Begin | Benjamin Cowen

On Bitcoin

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

Views

• Next months (next 2–6 months): Leans up: I want to give it one final chance to get a rally, right? Into December, potentially, or even, you know, through this month, and potentially as late as December. ▶ 19:19
• This cycle (next 6–18 months): Leans down: I'm I'm saying if there is a bear market next year from the high in Q4 to the low in say late 2026, I would say probably about a 70% drawdown. ▶ 22:08

If this, then that

• If Bitcoin still not trading to new all-time highs by mid-December, then no target given (this cycle, by mid-December): If Bitcoin is still not trading to new all-time highs by mid-December, it would be hard for me to like stay bullish on it past that point. ▶ 18:36
• If Weekly closes below 100k, then no target given (this cycle): If we got if we start getting weekly closes below 100k, it it's going to be really hard to to not assume the bear market's already begun. ▶ 39:56

Levels named

• 102k: Support (50-week moving average has held as support this cycle; staying above keeps the bull case alive): as long as we're above that, which is currently at around 102k, then I think there's reason to be optimistic. ▶ 39:50
• 100k: Their view is wrong past this (weekly closes below 100k would signal the bear market has begun): If we got if we start getting weekly closes below 100k, it it's going to be really hard to to not assume the bear market's already begun. ▶ 39:56

Their own position: Holding. I still have my Bitcoin position. I'm still holding on in the hopes that we can get another rally.