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Bitcoin Rips Past $69K as Short Liquidations Hit ATH | Premium Preview

Checkonchain · · 13:42 · Watch on YouTube

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BTC near publication: $69,1964-hour candle close · 20 Aug 2026, 04:00 UTC · BTC/USDT

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  • This cycle (next 6–18 months): Leans up (timeframe is our reading): I think this has the potential to initiate um the next wave of like not being a bear market. ▶ 09:16 Said again while their call of 14 Oct 2025 was open, so it counts once; that call was wrong: 112.6k when said, 81.8k on 14 Oct 2026 (−27.3%).

Levels named

  • 75k: Resistance (true market mean, the psychological middle for investors): And certainly the true market mean at 75, uh that is the middle, right, from a psychological standpoint where investors are. ▶ 10:57
  • 69k: Support (200-day moving average; second line of defense, wants to see price hold above it): it looks like at 69k we're just above the 200-day moving average. ▶ 10:25
  • 67k: Support (short-term holder cost basis; first line of defense): It has blasted through the short-term cost bases at 67. Great to see. ▶ 09:32

Their own position: Not said.