ilmscore | Bitcoin and FOMC

Bitcoin and FOMC

Predictions from this Video

Total: 9
Correct: 0
Incorrect: 0
Pending: 9
Prediction
Topic
Status
If the Fed cuts rates in June, September, and December (and not May), and Bitcoin follows 2019 patterns, then Bitcoin will see a local top in May 2024.
"what I think there's a good chance that could happen here is cut in June cut in September cut in December right so June September December so if that's the case right if that's the case and they don't cut in May and if Bitcoin follows what it did in 2019 then it means the top is in May"
BTC
Pending
Bitcoin could see a local top around the week of May 6, 2024, if a 7-week rally pattern from a recent low repeats.
"if you were to go seven weeks from this Wick 7 weeks out puts you when it puts you the week of May 6 the week of May 6 so I think that there is some reason some reason based on the one data point that we have that I'm not asking you to take to the bank right but there's some some reason to think that hey what if it plays out like that right what if you know what if it's just doing the same thing once again where we you know sort of pull back into the end of the month and then we get into the following month and then the market goes back up"
BTC
Pending
Bitcoin is likely to consolidate for one more week (end of March 2024) before moving back up in April 2024.
"what it might imply is one more consolidation week after this one get us through the end of March then in April you you sort of see that move back up to the r"
BTC
Pending
Bitcoin dominance has a good chance of reaching 56% in April 2024, but could also happen in early May 2024.
"can can we hit 56% dominance in April I think there's a good chance that we could I do um but I also could see it happening early may as well"
BTC
Pending
If USDT dominance falls below 3.75%, the next support level is expected to be around 2.4%.
"if we go below you know 3.75% the next level of support on USC dominance in my view is around 2.4%"
USDT.D
Pending
The US unemployment rate is likely to go above 4% by the end of 2024.
"it just seems likely that at some point between now and the end of the year given the pace of the unemployment rate has been going up like it seems likely that we're going to go above 4%"
US Unemployment Rate
Pending
The Federal Reserve's three rate cuts in 2024 are most likely to occur in June, September, and December.
"I'm guessing you know they might do one in December and September and maybe June June July sorry June September December so that might be the most likely outcome um for the rest of the year"
Federal Reserve Rate Cuts
Pending
All altcoin-Bitcoin pairs are expected to slowly decline towards their range lows in April 2024, potentially breaking below them in late April or early May 2024.
"what I would suspect happens is that all Bitcoin pairs slowly turn the corner here and start to make their way back to down to the range lows in April that is what I suspect and it might take until late April early May for them to actually go below it but that is ultimately what I would expect to see happen"
Altcoin-Bitcoin Pairs
Pending
Altcoin-Bitcoin pairs are expected to break down (a 'risk-off' signal) possibly in May 2024, one month before the anticipated first Fed rate cut in June 2024.
"the riskoff signal is when all Bitcoin pairs break down but look they haven't broken down yet and I don't know how long it's going to take going back to what we previously SPO spoke about we know that last cycle they broke down one month before the First Rate cut which is where Bitcoin USD topped the First Rate cut is potentially coming in June so maybe May is that is the window"
Altcoin-Bitcoin Pairs
Pending