ilmscore | Bitcoin: Early Halving Year Pattern (Update)

Bitcoin: Early Halving Year Pattern (Update)

Published: 2024-01-24
Status: Analyzed

Predictions from this Video

Total: 10
Correct: 0
Incorrect: 0
Pending: 10
Prediction
Topic
Status
Bitcoin will experience a correction of 15-30% below its 2024 yearly open of $42,279 in Q1 2024, corresponding to a price in the high $30k range or potentially lower (down to ~$29,600).
"every single cycle early on in the having year we've had a drop in q1 that took us you know between 15 to 30% below the yearly open this cycle that would correspond you know to hitting the high 30k range which is where we've been uh even going a bit lower would still be within the realm of historical Norms"
BTC
Pending
If Bitcoin drops below the bull market support band sometime in the next couple of months (Jan-Apr 2024), it will likely find support at the 100-week moving average, which is around $28k.
"if it plays out like this and we get a drop below the bullmark support band sometime in the next couple of months then I think you would be looking towards that that 100 we moving average um as as sort of the next level that that could theoretically hold as support"
BTC
Pending
Bitcoin dominance is likely to continue rising during the current market correction (from Jan 2024).
"it seems likely that dominance would continue to go up as this move continues"
BTC.D
Pending
If Bitcoin bounces from its current correction and Bitcoin dominance soars, the ETH/BTC ratio will likely drop.
"if it bounces then the dominance of Bitcoin should absolutely soar and if that is the case then I imagine ether Bitcoin would would likely take a hit"
ETH/BTC
Pending
The Bitcoin market is likely to remain relatively 'boring' and experience its current correction for at least a few more weeks, potentially a couple of months (from late January 2024).
"it's probably going to stay relatively boring for a little bit longer... the whole idea was that it would take at least a few weeks if not a couple of months"
BTC
Pending
Bitcoin will experience a 15-30% drop below its yearly open in Q1 2024, putting it in the high $30k range.
"every single cycle early on in the having year we've had a drop in q1 that took us you know between 15 to 30% below the yearly open this cycle that would correspond you know to hitting the high 30k range"
BTC
Pending
The current Bitcoin price correction could continue for another 3-4 weeks from January 24, 2024.
"I could still drag on for another you know three to four weeks easily and not be out of the realm of of what we've historically seen"
BTC
Pending
If Bitcoin's bull market support band fails to hold in the next couple of months, it could drop to the 100-week moving average, which is around $28k.
"if the Market support ban doesn't hold like 2019 right if it if it doesn't hold then the 100 we ese is I think what you would look towards next so the 100 we ese is currently around 28k... if it plays out like this and we get a drop below the bullmark support band sometime in the next couple of months then I think you would be looking towards that that 100 we moving average"
BTC
Pending
Bitcoin dominance is likely to continue increasing during the ongoing market movement.
"it seems likely that dominance would continue to go up as this move continues"
BTC
Pending
If Bitcoin bounces from the 20-week EMA, its dominance will soar, and the ETH/BTC ratio will likely drop.
"if it bounces which is what it you know you can see there's examples over here where it gets to the 20we estimate and then bounces if it bounces then the dominance of Bitcoin should absolutely soar and if that is the case then I imagine ether Bitcoin would would likely take a hit"
BTC
Pending