ilmscore | Prediction Details
"if this drops here in the next week or so it's hitting the 382... if we hit the 382 and if we get a bounce 42k is going to be the big level that it has to get by... if we cannot get past 42k then it strongly suggests that this is the local high for potentially a long time... if we bounce this would you know by by March or April it would correspond to like 52[k]... if we don't bounce then 29k is what's going to come into play... your next bet for a bounce is probably going to be in the low 30s and if not there then your next bet is going to be at 28k which is where the 100 we SMA is."
By Benjamin Cowen | January 26, 2024 | Pending
From video
Bitcoin: Dubious Speculation 00:58:55 - 00:59:37
Interpreted Prediction
Bitcoin is predicted to drop to the 382 Fibonacci retracement level (around the bull market support band). If it bounces, 42k will be major resistance; failing to pass it suggests a long-term local high. If 42k is surpassed, it could sweep prior highs or reach 52k by March/April 2024. If no bounce occurs from current levels, potential bounce targets are in the low 30s or 28k (100-week SMA).

Prediction Details

Ticker
BTC
Initial Price
41,815.48 USD

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