ilmscore | Bitcoin Falls Below The Bull Market Support Band

Bitcoin Falls Below The Bull Market Support Band

Published: 2025-03-10
Status: Analyzed

Predictions from this Video

Total: 5
Correct: 0
Incorrect: 0
Pending: 5
Prediction
Topic
Status
Bitcoin could temporarily drop to $69,000 in the short term while still aligning with the 2016-2017 cycle's trajectory.
"Bitcoin could go as low as 69k the price the Peak from the prior cycle in the short term and it would still be tracking the 2016 to 2017 cycle."
BTC
Pending
If Bitcoin only experiences a brief wick down to $69,000 and then shows constructive price action later in the year, the current bull market ('right translated cycle') could still continue.
"if you had a wick to 69k and that was it and then Bitcoin started to look constructive again further out into the year then there's still a chance that you get that right translated cycle"
BTC
Pending
If Bitcoin drops below $70,000, there is a strong possibility that the peak of the current market cycle has already been reached.
"you really don't want to see Bitcoin go below 70k if it does there's a good chance that that the the peak is already in for the cycle."
BTC
Pending
Bitcoin holding above $73,000, or only experiencing a small wick below it, would indicate a positive outlook for more favorable price action in the coming months, suggesting the cycle is intact.
"if it can sort of hold above 73k or even just a small Wick below it and then we can get back to more favorable times out in you know other other months... a wick below 73k is still okay but it needs to just be a wick"
BTC
Pending
If Bitcoin's price falls to the low $60,000s (specifically $62,000-$63,000), any subsequent bounce would likely form a macro lower high, signifying the definitive end of the current market cycle.
"if it goes down to the low 60s like 62 to 63k where it basically back tests this trend line if it goes that low then I would argue that you would get a big bounce but it would probably be a macro lower high and the cycle would be over."
BTC
Pending