ilmscore | Stablecoin Dominance

Stablecoin Dominance

Published: 2024-01-26
Status: Analyzed

Predictions from this Video

Total: 6
Correct: 0
Incorrect: 0
Pending: 6
Prediction
Topic
Status
Bitcoin is predicted to typically visit its bull market support band in February of the halving year, implying it would do so in February 2024.
"Bitcoin has typically visited that bull market sport band around this time in the cycle February February of the having year it seems to be this like recurring theme February of the having year we find ourselves at the bullmark sport band"
BTC
Pending
If the Federal Reserve's first rate cut of the cycle occurs in March 2024, Bitcoin is more likely to experience a local top. If the first rate cut is delayed until May 2024 or later, Bitcoin has an increased chance of revisiting prior price highs.
"last cycle Bitcoin topped out about a month before the First Rate cut so maybe that would lead us to believe that if rate Cuts occur in March then it's more likely that could be a local top for a while but if rate Cuts don't occur until say may or something then maybe there's an increased chance of of getting back to those levels"
BTC
Pending
The stablecoin dominance trend line, when viewed on a log scale, has already been tagged (as of January 26, 2024), indicating that a warning signal for a large crypto correction has already arrived.
"to flip this to a log scale and to connect the same trend lines basically you would see that we're actually already at it right you'd see that we we're already at it... you could flip this to a log scale and potentially say that a warning signal has already arrived"
Crypto Market Correction
Pending
If USDT dominance reaches 4% (hitting its long-term linear trend line) in the first half of 2024, it would signal an impending large correction (at least 50% drop) in the crypto market.
"if we find usct dominance at 4% sometime by I don't know in the next few months in the first half of the year then it could be a warning sign that there's about to be a larger rotation within the cryptoverse"
Crypto Market Correction
Pending
If Bitcoin fails to hold current support (around $38.5k at the time), its next support range is predicted to be $36,000 - $37,000.
"if it's not and Bitcoin falls back in remember that next range you're looking at is 36 to 37k so 36,000 to $337,000"
BTC
Pending
If USDT dominance reaches 4% in the first half of 2024, it is predicted to be a warning sign for a larger correction (at least 50% drop) across the cryptoverse.
"and so if we find usct dominance at 4% sometime by I don't know in the next few months in the first half of the year then it could be a warning sign that there's about to be a larger rotation within the cryptoverse"
Crypto Market Correction
Pending