ilmscore | Prediction Details
"last cycle it took nine months for it to play out and so far Bitcoin had a local top in March so you have April May June July only about four months in fact if it were to take the same amount of time as it did last cycle... it would mean not playing out until Q4 of this year right around the time that the unemployment rate might start to top out in terms of the un uh you know some of those metrics we were looking at earlier maybe not the unemployment rate topping out but some of the metrics reaching Extremes in terms of the rate of change"
By Benjamin Cowen | July 5, 2024 | Pending
From video
The Labor Market 00:28:40 - 00:29:19
Interpreted Prediction
If the market's reaction to labor weakness (indicated by Bitcoin's leading signal) follows the 9-month lag of the last cycle from Bitcoin's March 2024 local top, then the stock market's full realization of this weakness, coinciding with labor market metrics reaching extreme rates of change, will occur in Q4 2024.

Prediction Details

Ticker
BTC
Initial Price
56,649.05 USD

Comments

Be the first to share your thoughts.

Like this prediction?

Join to make your opinion count.