ilmscore | Prediction Details
By No Bs Crypto | December 30, 2023 | Correct
Interpreted Prediction
Predicted a Bitcoin sell-off will happen after the Bitcoin ETFs are proposed or approved.
AI Evaluation Notes
The prediction stated a Bitcoin sell-off would happen after the ETFs were approved. Spot Bitcoin ETFs were approved on January 10, 2024. Immediately following the approval, Bitcoin experienced a notable price drop, falling from above $47,000 on January 10 to a low of $39,555.05 by January 22, 2024, representing a decline of approximately 16%. However, this sell-off was short-lived, and Bitcoin subsequently rallied significantly, reaching $69,645.31 by the target date of March 30, 2024. While a sell-off did occur as predicted, it was not a sustained downturn, but rather a temporary dip before a major upward trend.

Prediction Details

Target
A sell-off will ensue after Bitcoin ETFs are proposed/approved
Predicted date
Early 2024

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