Bitcoin: The Bears Strike Back

On Bitcoin

Changed since their last video: days flipped up to down.

Views

• Next days (next 1–7 days): Leans down (timeframe is our reading): going into the weekend, right? I'm looking for a sweep here of that low. And at that point, ▶ 30:57 The call was open until 13 Nov 2026, against 76.1k when said.
• Next weeks (next 2–6 weeks): Leans down (timeframe is our reading): Maybe it just sort of goes below the low, rallies for a day or two, and then drops down into the Q4 low. ▶ 31:57 Said again while their call of 22 Oct 2026 was open, so it counts once; that call was open until 21 Nov 2026, against 81.8k when said.

If this, then that

• If Bitcoin gives up the low at around 74.9K, then no target given (next weeks): Because if it gives up that low at around 74.9K, if it gives it up, then it's likely straight back down to the range lows or potentially like the 200E moving average, more than likely. ▶ 26:43
• If Bitcoin sweeps the 74.9K low, then a bounce is likely, then no target given (next days): There's one more low right here at around 74.9K. All right. So, if if there's going to be another bounce, it would happen after sweeping that low more than likely. ▶ 25:11

Levels named

• 74.9k: Support (Prior low that price keeps sweeping before rallying): Bitcoin keeps sweeping new lows, and every time it like sweeps a low, it then rallies. There's one more low right here at around 74.9K. ▶ 25:04
• 72–73k: Support (200 day moving average roughly matching the 20 week moving average): Now, could you argue that the 200 day moving average could come into play at 72 73K also roughly corresponds to the 20week moving average? Yeah, you could. ▶ 25:34

Their own position: Not said.

Dates named

• Next FOMC, rate hike expected, undated: And if you look at what the expectations are at the next FOMC, there's a nearly an 80% chance they're going to raise rates.