Interpreted Prediction
QCP Capital predicted Bitcoin would retrace to $36,000 in Q1 2024 after facing resistance at $45,000-$48,500.
AI Evaluation Notes
QCP Capital predicted Bitcoin would retrace to $36,000 in Q1 2024 after facing resistance at $45,000-$48,500. However, Bitcoin did not retrace to $36,000; instead, it surged significantly, breaking past the predicted resistance levels and reaching new all-time highs within Q1 2024, including $73,000 in March. The lowest price Bitcoin reached in Q1 2024 was $39,555.05 on January 22nd, 2024, which is above the predicted retracement level. By March 22, 2024, Bitcoin's closing price was $63,485.12.