ilmscore | Prediction Details
"traditionally ETFs Mark the high the short-term high right almost every one of them that's come out then there's a selloff and then there's the rally"
By Altcoin Daily | January 12, 2024 | Correct
From video
Bitcoin & Crypto Market About to Go ABSURD (this is just the beginning) 00:06:07 - 00:06:14
Interpreted Prediction
Predicted a market pattern for new ETFs: a short-term high, then a selloff, and subsequently a rally.
AI Evaluation Notes
Following the launch of Bitcoin ETFs in January 2024, Bitcoin's price initially rose, marking a short-term high above $47,000 and even breaking $49,000. This was followed by a period of correction, or 'selloff,' often attributed to outflows from GBTC. Subsequently, Bitcoin experienced a significant rally, with ETFs attracting massive inflows and the price appreciating substantially throughout the year, aligning with the predicted pattern.

Prediction Details

Topic
Bitcoin ETFs, Market Behavior
Target
Bitcoin ETFs will mark a short-term high, followed by a selloff and then a rally
Predicted date
Short term (after launch)

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