ilmscore | Bitcoin: Bull Market Support Band

Bitcoin: Bull Market Support Band

Published: 2024-09-09
Status: Analyzed

Predictions from this Video

Total: 9
Correct: 0
Incorrect: 0
Pending: 9
Prediction
Topic
Status
Bitcoin market to experience a minimum six-month 'bleed' (decline/consolidation) until about September 2024 before picking up.
"6 months ago when I said to expect a six-month bleed at the very least right minimum six-month bleed to to about September before the market picks back up again"
BTC
Pending
Bitcoin's market behavior might deviate from the 2019 pattern.
"now that everyone is pointing out this 2019 comparison perhaps it's time for the 2019 comparison to change"
BTC
Pending
The Bitcoin market might not experience a 'hard landing'.
"One way is that you don't get a hard landing and so everyone you know sort of looking for that ends up being disappointed"
BTC
Pending
Bitcoin's current lower high price structure may not break soon.
"so what if the lower Highs are not about to break"
BTC
Pending
Bitcoin's market downturn could continue for another three months (until December 2024), if monetary policy remains tight.
"even if it took three more months not like could be that out of the out of the ordinary it's possible for it to just keep on dragging on until we get sufficiently loose to monetary policy"
BTC
Pending
If the FED starts Quantitative Easing (QE), risk assets, including Bitcoin, could perform poorly shortly thereafter.
"if they are willing to start up QE then it must mean something's probably wrong and and that's why risk assets could could po do poorly shortly after QE begins"
Risk Assets and Monetary Policy
Pending
Bitcoin was predicted to experience a minimum six-month market decline ('bleed') from March 2024 until around September 2024, after which the market was expected to pick back up.
"6 months ago when I said to expect a six-month bleed at the very least right minimum six-month bleed to to about September before the market picks back up again"
BTC
Pending
If monetary policy does not become sufficiently loose (e.g., sufficient rate cuts), Bitcoin's current downtrend or 'drag on' period could extend for another three months beyond September 2024.
"Then it could just drag on for a little while longer right I mean that the down trade could take longer and I mean even back then I said six to n months right so even if it took three more months not like could be that out of the out of the ordinary it's possible for it to just keep on dragging on until we get sufficiently loose to monetary policy"
BTC
Pending
Bitcoin may not break its lower high structure (requiring a move above $70,400) by October or November 2024, potentially due to insufficient monetary policy easing.
"if if a month from now or two months from now we're still looking at this and we're like why isn't Bitcoin broken the the the lower high structure"
BTC
Pending