ilmscore | Bitcoin: Bull Market Support Band

Bitcoin: Bull Market Support Band

Published: 2024-10-15
Status: Analyzed

Predictions from this Video

Total: 7
Correct: 0
Incorrect: 0
Pending: 7
Prediction
Topic
Status
If Bitcoin holds its current support level (bull market support band), it is likely to rally to at least $66k in the short term.
"if Bitcoin can hold this level then it would favor a rally back up to you know at least 66k uh and and frankly I mean it it could certainly go higher right"
BTC
Pending
Bitcoin dominance is expected to reach 60% and top by the end of 2024, aligning with historical patterns in having years.
"dominance is getting closer and closer to 60% exactly when it should be last cycle Dominus did not top until you know the um the the very the very end of the having year or the early part of the PO yeah right here right the ve the the the last part of the having year is when Bitcoin dominants topped"
BTC
Pending
If the unemployment rate comes in low and drops in November 2024, Bitcoin is favored to break above its 68-69k resistance level.
"if the unemployment rate you know comes in low and it drops again in November I think it would favor Bitcoin breaking through"
BTC
Pending
If the unemployment rate shoots back up in November 2024, Bitcoin is likely to be rejected again from its 68-69k resistance level.
"but if the unemployment rate shoots back up then it would probably favor Bitcoin coin getting rejected again"
BTC
Pending
Bitcoin is predicted to have a 'final test' of its 68-69k trendline resistance around the week of December 2, 2024, based on historical fractal analysis.
"38 weeks would put you the the week of December 2nd right around right around there"
BTC
Pending
If Bitcoin breaks above and holds the 68-69k resistance level as support, it is likely to move higher during November and December 2024.
"if it can get above here and then hold it as support then we're probably moving higher in November December"
BTC
Pending
The worst-case scenario for late 2024 includes Bitcoin dropping again and Ethereum finding a final low, followed by a rally in 2025 if history repeats.
"the worst case scenario for the end of the year would just be dropping back down one more time over here sending eth home and then maybe going up in in 2025 if uh if history repeats itself"
Crypto Market Cycle
Pending