ilmscore | Bitcoin: Bull Market Support Band

Bitcoin: Bull Market Support Band

Published: 2025-01-13
Status: Analyzed

Predictions from this Video

Total: 7
Correct: 0
Incorrect: 0
Pending: 7
Prediction
Topic
Status
Bitcoin was predicted to go sideways for one to two months after its October-November 2024 rally.
"A few weeks ago we talked about this right we said look guys one of the potential pads here that is at least somewhat likely was after you get this move you could easily see Bitcoin go sideways for a month or two and that would be sort of a realistic outcome."
BTC
Pending
Bitcoin is likely to eventually check in with its 100-day moving average, or the 100-day moving average will rise to meet Bitcoin's price.
"the one thing I would say you know going back to bitcoin is that eventually checking in with the 100 day moving average seems like a somewhat likely scenario right whether it happens today or tomorrow or you know two weeks from now it's hard to say but it seems like a somewhat likely scenario and and one potential outcome is just the 100 day moving average sort of comes up to the price of Bitcoin it seems like that is a likely scenario at some point"
BTC
Pending
In a worst-case short-term scenario, Bitcoin will retest its breakout point from the post-election rally, returning to its price level at the time of the election.
"worst case shortterm Outlook would be to in my view would be to retest the breakout point"
BTC
Pending
Bitcoin will probably follow the S&P 500 and Russell 2000, returning to or below its price level at the time of the election.
"one way is to say well maybe it means that Bitcoin is also going to make the same move right that's the the sort of the glass half empty approach is that well Bitcoin Isa probably going to make that same move"
BTC
Pending
If the 10-year Treasury yield continues to rally for an extended period, Bitcoin could experience a further sell-off.
"if the 10-year yield continues to Rally for too much longer eventually it could cause Bitcoin to sort of sell off more"
BTC
Pending
If Bitcoin quickly drops to its 100-day moving average and bounces strongly, it indicates a bullish scenario. If it slowly drops below the 100-day moving average and stays below the range low, it suggests a bearish scenario similar to 2023, potentially leading to a larger drop.
"I would say if you get a quick move down by Bitcoin to the 100 day moving average and then it bounces strongly off that it would imply that this is the more relevant analog if on the other hand Bitcoin slowly drops below it and then just kind of stays just below the range low like that kind of like it did right there then the implication is that it looks more like 2023 where then it could get that drop back down maybe find support there and then figure out the next move"
BTC
Pending
Bitcoin is predicted to eventually interact with its 100-day moving average, which was stated to be around $86,000 at the time of the video.
"the one thing I would say you know going back to bitcoin is that eventually checking in with the 100 day moving average seems like a somewhat likely scenario... and one potential outcome is just the 100 day moving average sort of comes up to the price of Bitcoin it seems like that is a likely scenario at some point"
BTC
Pending