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This is The Beginning of The Market Correction!

Crypto Banter · · 35:34 · Watch on YouTube

As of . Updated hourly as new videos are read.

BTC near publication: $80,9804-hour candle close · 15 Oct 2026, 12:00 UTC · BTC/USDT

On Bitcoin

Changed since their last video: weeks flipped up to down; months moved sideways to up; cycle went from leaning up to expecting up.

Views

  • Next weeks (next 2–6 weeks): Leans down: We are 13 days into the correction, right? So probably another two weeks, three weeks, which would take us towards the midterm elections. ▶ 25:01
  • Next months (next 2–6 months): Leans up (timeframe is our reading): So maybe we have the midterm elections and then we basically go up. ▶ 25:06
  • This cycle (next 6–18 months): Expects up (timeframe is our reading): I think it's pretty obvious that we're in a bull market now. The whole sentiment's changed around crypto, et cetera, et cetera. ▶ 22:40

Levels named

  • 74–77k: Support (true market mean around 77k and short-term holder basis around 73-74k): So to me, between 74 and 77, that's where I could see this correction potentially starting to end, right? ▶ 21:53
  • 77k: Support (true market mean price is about 77k): I hope it bounces off the 77,000. That would be my first line of interest. ▶ 24:07
  • 76k: Support (50-week moving average, the bull market line, which generally holds apart from wicks): So when we get that leg down, I kind of think that we'll get to 76. Maybe we'll wick below it. ▶ 20:52
  • 73–74k: Support (short-term holder cost basis): That's the next level. The short-term holder basis right now is 73, 74. ▶ 21:46
  • 70k: Target (midterm-year correction of about 20% from the 87k top): That correction will send Bitcoin down to, I hate to say it, but I think 70, around 70,000. ▶ 24:01

Their own position: No position. So to me, we're not at buy territory yet, right?

Dates named

  • Hot CPI reading on 14 Oct 2026: First, we got the CPI reading yesterday, and the CPI reading was slightly hotter than expected, ever so slightly hotter than expected.
  • FOMC meeting at end of month, undated: there's a 27% chance of a rate hike at the next FOMC meeting towards the end of the month.
  • US midterm elections, undated: So maybe we have the midterm elections and then we basically go up.