AI Evaluation Notes

Bitcoin Spot ETFs were approved on January 10, 2024. Although there was an initial 'sell the news' dip in Bitcoin's price after the approval, reaching a low around $39,555 on January 22, 2024, the price quickly recovered and experienced a significant upward trend. By the target date of March 22, 2024, Bitcoin's closing price was $63,485.12, which is substantially higher than its price around the ETF approval and prediction date (December 22, 2023, around $43,700). Therefore, the prediction that Bitcoin would continue its upward trend and not be a sustained 'sell the news' event was largely correct.