cryptoBitcoin Bear Market Update - Checkmate and Peter Dunworth
Checkonchain · · 49:15 · Watch on YouTube
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BTC near publication: $70,9194-hour candle close · 7 Feb 2026, 04:00 UTC · BTC/USDT
On Bitcoin
Changed since their last video: cycle went from leaning up to expecting up.
Views
- Next months (next 2–6 months): Leans down (timeframe is our reading):
yes, there's probably some downside ahead of us, and we'll talk about what that looks like.
▶ 23:10 The call was right: 70.9k when said, 61.7k on 7 Jun 2026 (−13.0%). - This cycle (next 6–18 months): Expects up (timeframe is our reading):
And the history, statistics, everything says it always finds a floor because it's it's damn great asset. And once it does, all those momentum traders will come flying back in
▶ 43:31 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
- 80k: Resistance (true market mean, the statistical midpoint of the market that price just crossed below):
There's non-chain model that is exactly here at 80K as well.
▶ 22:47
Their own position: Bought; would buy at 70k. So, double our daily DCA, and now looking for serious slugs below 70k.
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