cryptoBlackrock Buys BTC, Nasdaq Fears Rise, & Gracy Chen Bitget CEO Interview
Lark Davis · · 1:00:01 · Watch on YouTube
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BTC near publication: $81,5044-hour candle close · 20 Oct 2026, 12:00 UTC · BTC/USDT
ETH near publication: $2,3854-hour candle close · 20 Oct 2026, 12:00 UTC · ETH/USDT
On Bitcoin
Changed since their last video: weeks moved up to sideways; cycle went from leaning up to expecting up.
Views
- Next weeks (next 2–6 weeks): Sideways:
I could see that a directionless crab market until after the midterms.
▶ 16:30 The call was open until 19 Nov 2026, against 81.5k when said. - This cycle (next 6–18 months): Expects up (timeframe is our reading):
all the usual indicators onchain indicators technical indicators show the bare market ended a couple months ago and we're in the earliest stages of the new bull market
▶ 50:21 Said again while their call of 6 Oct 2026 was open, so it counts once; that call was open until 6 Oct 2027, against 85.6k when said.
If this, then that
- If Bitcoin loses the 50-day EMA, then 75k (next weeks):
Lose the 50-day EMA. Shorts open down to 75 approximately.
▶ 44:07
Levels named
- 75k: Target (downside target if the 50-day EMA is lost):
Lose the 50-day EMA. Shorts open down to 75 approximately.
▶ 44:07 - 57k: Support, expected to hold (speaker thinks 57K was the bear market bottom):
I think 57K was the bottom for BTC.
▶ 22:45
Their own position: Holding. Bitcoin we've been long on Bitcoin let's see the Bitcoin chart here been long on Bitcoin since back here
On Ethereum
No change since their last video.
No view on any horizon.
If this, then that
- If Ethereum gets above the orange downtrend line, then no target given (next weeks):
When we get over this orange line, we probably start moving decently here for Ethereum.
▶ 22:04 - If the 200 day EMA does not hold, then 800 (next weeks):
If the 2A 200 day EMA does not hold, holy ETH is in trouble because it has done so little by comparison to everything else. So that makes me think we come back down to $800 in that situation.
▶ 44:49
Levels named
- 2.8k: Resistance (overhead resistance level on the way up):
Got 20-day, we have 50 day, we have this orange box, etc. 2,800 bucks.
▶ 24:29 - 2.3k: Support (200 day EMA is critical support that needs to hold):
2,300 bucks, 200 day EMA, that is the level we need to hold.
▶ 24:37 - 800: Target (downside if the 200 day EMA fails):
If the 2A 200 day EMA does not hold, holy ETH is in trouble because it has done so little by comparison to everything else. So that makes me think we come back down to $800 in that situation.
▶ 44:49
Their own position: Holding. The reason I'm currently long on ETH, we've had two bounces off the 50-day EMA.
Dates named
- US midterm elections on 3 Nov 2026:
We have the US midterms coming up in about two weeks time.