I’m Not Buying Bitcoin At $80k. Here’s Why....

On Bitcoin

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

Views

• Next weeks (next 2–6 weeks): Leans up (timeframe is our reading): I really do think this 84K level is actually my base case for where we go from here. ▶ 13:16
• This cycle (next 6–18 months): Leans up (timeframe is our reading): you might think our bull market is completely back on. There is no denying it. And to be honest, that actually is my base case. ▶ 00:20

If this, then that

• If the first pullback starts from 85K-88K, then 70k (next weeks): If it comes from 85K, 88K, then actually a 20% pullback from there doesn't look anywhere near as bad. It sort of pulls it back to 70ishK. ▶ 06:13

Levels named

• 84–85k: Resistance, expected to turn price back (average ETF cost basis is 84K, so overhead resistance and likely first rejection): you'd imagine that gets rejected to the downside on that first pass. 84K, 84 to 85K, I think, is where I want to see this rally kind of stall ▶ 13:45
• 60k: Support (no weekly opens and closes below the 60K wick low): this sort of 60K level, this first wick down to 60K, we never really had any open and closes on a weekly time frame below that level. ▶ 00:47

Their own position: Not said.

Dates named

• Fed September rate decision (hike vs no hike), undated: KHI thinks it's a coin flip right now for whether the Fed are going to hike in September.