Bitcoin Bear Market Update #2: Time-Pain (Checkmate and Peter Dunworth)
Checkonchain · · 58:59 · Watch on YouTube
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BTC near publication: $62,0984-hour candle close · 9 Jun 2026, 20:00 UTC · BTC/USDT
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No change since their last video.
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- This cycle (next 6–18 months): Leans up (timeframe is our reading):
and there's a lot of evidence that we're pretty close to it, but um, eventually there are just no sellers left.
▶ 23:32 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%).
If this, then that
- If Price clears the 75-80K resistance zone, and momentum traders kick back in, then no target given (next months):
Let's round this up between 75 and 80. This is, and this is also our local high. This is the resistance level. Once you clear these levels, suddenly momentum traders kick back in.
▶ 26:07
Levels named
- 150k: Resistance (vaulted price level where real sell-side pressure is expected to begin):
So 150 is kind of the next level where I expect real sellside pressure to kick back in.
▶ 27:54 - 95k: Resistance (many coins return to profit, so sentiment shifts and bears are in trouble):
breaking through 80, momentum really starts to shift through 95, the bears are in real trouble,
▶ 26:48 - 75–80k: Resistance (true market mean, short-term holder cost basis and local high):
The resistance level between 75 and 80, that's where the bears start to go extinct.
▶ 26:24 - 54–61k: Support (deep value zone around the 200 EMA and realized price, a Q5 mean reversion event):
this purple zone here between 54 and 61, this is what I've been calling the fundamental catches mid.
▶ 25:30
Their own position: Bought. I'm I am deep in accumulation mode. Probably the heaviest I've been in many, many years.