ilmscore | Bitcoin: Watching the Weekly Close

Bitcoin: Watching the Weekly Close

Published: 2024-01-28
Status: Analyzed

Predictions from this Video

Total: 2
Correct: 0
Incorrect: 0
Pending: 2
Prediction
Topic
Status
If Bitcoin's weekly close (January 28, 2024) is below the 8-week Simple Moving Average (SMA) at approximately $42,436, then it could experience a dip to the bull market support band (20-week SMA, approximately $36,000-$37,000) in February 2024.
"if it doesn't then it implies that you know the uh initial plan could still be on right you could still have a dip into the bull market support band sometime in febr February"
BTC
Pending
The author had previously predicted a Bitcoin price dip of approximately 20-22% leading up to the 2024 halving, which was observed to have occurred by the video's publication date.
"Bitcoin has sort of been following this idea that we previously talked about of a dip going into the having... this dip that we talked about has at least come to come to be. The dip so far for Bitcoin is actually in line with all prior dips in this move right so all these prior draw Downs were about 20 to 22% or so and this one right here about 21% so so far it's actually very much in line with what we've previously seen."
BTC
Pending