ilmscore | Crypto Hodlers: I Don't Want To FRIGHTEN You But Please PREPARE YOURSELF

Predictions from this Video

Total: 6
Correct: 0
Incorrect: 6
Pending: 0
Prediction
Topic
Status
Bitcoin, with its Relative Strength Index (RSI) severely oversold at 35, is expected to experience a price bounce based on historical patterns.
"Right now, we are severely oversold and historic major bounces have occurred between 25 and 35 and we are currently at 35. So, this is Bitcoin's RSI on the weekly and not that we can't go lower... But this tells us historically we should expect a bounce eventually."
BTC
Incorrect
In the best-case (bullish) scenario, Bitcoin has already reached its market bottom.
"The bullish scenario is that we have already bottomed."
BTC
Incorrect
In the bullish scenario, Bitcoin will break back above its 50-week moving average (projected to be around $98,000 - $100,000 in the next few weeks) and the bull market will continue.
"The ultimate scenario is we make our way up. Maybe the 50week moving average hits, you know, now go was at 103 when we broke below it. Maybe now it's going to be in the next few weeks uh 98 100 and we break above it and the bull market continues."
BTC
Incorrect
In the medium-case scenario, Bitcoin will retest and be rejected by the 50-week moving average, leading to 3-4 months of price consolidation between $60,000 and $100,000.
"The mediumcase scenario is this. Bitcoin... retests this up here. We get rejected off of the 50week moving average and that brings us down. And then for the next 3 to four months, we are chop consolidating between $100,000 and can go as low as 60, right?"
BTC
Incorrect
In the worst-case scenario, Bitcoin will drop to its 200-week moving average (currently around $55,000), followed by a reaccumulation phase and a gradual recovery over months or years.
"Worstc case scenario is that we go all the way down to the 200E moving average and of course it'll be a reaccumulation grind back up in the months or years to follow."
BTC
Incorrect
Given that Bitcoin's fundamentals remain unchanged and the recent price dip was likely caused by a single large entity's blowup, the speaker believes the bullish scenario (Bitcoin breaking back above its 50-week moving average) is a strong possibility.
"So if the fundamentals haven't changed and it was what is suspected on October 10th somebody blew up some market maker apparently and it is just that primary loan entity that is causing this fear in the market and selling pressure in the market yet the fundamentals haven't changed that actually makes me think maybe this is the bull scenario maybe we can break back above that 50week moving average"
BTC
Incorrect