Bitcoin's Correction Has a Target: $79,000 This Week

On Bitcoin

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

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• Next days (next 1–7 days): Expects down: And it looks like we will finally fulfill that target down to the 55 EMA, which is currently sitting at about 79,000 bucks and change. ▶ 02:02 Said again while their call of 3 Oct 2026 was open, so it counts once; that call was right: 84.5k when said, 82.6k on 10 Oct 2026 (−2.2%).
• Next weeks (next 2–6 weeks): Expects up: I mean, probably more like 90,000 plus by end of month, high probability of that. ▶ 11:47 Said again while their call of 18 Sep 2026 was open, so it counts once; that call was a draw: 81.2k when said, 80.9k on 18 Oct 2026 (−0.4%), under the 2.5% it takes to count.
• Next months (next 2–6 months): Expects up: I'm still looking at prices over the next two, three and six months as very likely being higher than where they're at right now. ▶ 01:45 Said again while their call of 10 Jul 2026 was open, so it counts once; that call was open until 7 Nov 2026, against 64k when said.

If this, then that

• If Bitcoin overshoots below the 55 EMA, then 75k (next days): And when you do see it slice below or overshoot it, if you want to call it that, the median, I guess, return would put us somewhere down around about 75,000 US dollars. ▶ 03:27
• If A daily closure below the 377 EMA at about 78,500, then 75–76k (next days): I'd want to see a daily closure below about 78,500, the blue three, seven, seven EMA right here, then yes, I suppose I could be looking for a full on retracement down to 75 or 76,000 US dollars. ▶ 04:36
• If Bitcoin has another leg down, then 79k (next days): If Bitcoin has another leg down, that next target from the Revin Ribbons perspective would be just above 79,000 bucks. ▶ 14:36
• If Bitcoin reaches the region just above 79,000, then no target given (next days): just above 79,000 bucks. So a couple of things lining up around there. If Bitcoin does get around there, I absolutely do expect a nice bounce from that region, following over the next few days. ▶ 14:39
• If Bitcoin reclaims about 83,000 on a bounce, confirming the low; sideways trading precedes further upside, then no target given (next weeks): reclaim like about 83,000 bucks on a bounce, I'd say low is confirmed and get ready for some more sideways for another week, and then probably some upside in the back half of this month of October. ▶ 14:49

Levels named

• 100k: Target (Other): Very, very, very, very high probability of Bitcoin seeing above $100,000 US dollars before end of year as well. ▶ 01:51
• 92.5k: Target (Likely October target near the cutoff of the statistical studies.): $92,500 I think is also pretty likely. ▶ 12:04
• 90k: Target (High-probability end-of-month target based on the discussed statistical projections.): I mean, probably more like 90,000 plus by end of month, high probability of that. ▶ 11:47
• 87.5k: Target (October projections suggest an end-of-month recovery above this level.): But I do see a mismatch on this one specifically for Bitcoin just getting above 87,500 US dollars by end of month. ▶ 11:57
• 83k: Resistance (Reclaiming this level on a bounce would confirm the low.): And then if Bitcoin can really reclaim like about 83,000 bucks on a bounce, I'd say low is confirmed ▶ 14:49
• 79k: Target (Next corrective target after the six-hour and twelve-hour moving averages failed to hold.): Anyways, I do expect some bounce attempts along the way, obviously, but yes, to answer the question, my first target is basically 79,000 bucks. ▶ 04:21
• 78.5k: Their view is wrong past this (Daily closure below the 377 EMA would signal failure of the initial support setup.): I'd want to see a daily closure below about 78,500, the blue three, seven, seven EMA right here ▶ 04:36
• 75–76k: Target (Contingent deeper retracement if the initial moving-average support fails.): then yes, I suppose I could be looking for a full on retracement down to 75 or 76,000 US dollars. ▶ 04:45
• 75k: Support, expected to hold (Expects October's low to remain above the prior higher-low region.): also I see the contract for Bitcoin October is low before below 75,000 bucks. I would take a no on that one as well. I do not think that we will see below there. ▶ 12:48
• 74.9k: Support (Last daily higher low preserving the existing uptrend.): that would put Bitcoin more or less around that last daily trending higher low, which is 74,900 basically. ▶ 03:39

Their own position: Bought. So I'm not doing any more bets for October here. I already did buy the $90,000 contracts, very small.