ilmscore | Bitcoin: Bull Market Support Band

Bitcoin: Bull Market Support Band

Published: 2024-02-26
Status: Analyzed

Predictions from this Video

Total: 11
Correct: 0
Incorrect: 0
Pending: 11
Prediction
Topic
Status
Bitcoin dominance (BTC.D) is predicted to increase regardless of Bitcoin's price movement against USD.
"thesis is is that it goes up no matter what no matter the direction of Bitcoin USD"
BTC
Pending
Bitcoin is predicted to eventually retest its bull market support band.
"it'll likely eventually um check back in with it"
BTC
Pending
Bitcoin is expected to experience a deeper price retracement eventually.
"I do expect it to eventually get a you know get a a deeper retrace"
BTC
Pending
A Federal Reserve rate cut is predicted to likely not occur in March 2024.
"likely not going to happen [in March]... I think entering the year people were hopeful that we might get a rate cut in March likely not going to happen"
Federal Reserve Rate Cuts
Pending
The market narrative is predicted to certainly shift from Bitcoin halving and spot ETFs to discussions about the Federal Reserve's policy (e.g., if they overdid it or if a soft landing is possible).
"the narrative will certainly shift away from the having and and the whole spot ETF and it'll shift to you know you know has the FED gone too far or can they achieve a soft Landing"
Market Sentiment / Macroeconomics
Pending
Bitcoin dominance is predicted to increase regardless of Bitcoin's price movement.
"the thesis about the dominance which you know is is down right now but thesis is is that it goes up no matter what no matter the direction of Bitcoin USD"
BTC
Pending
If Bitcoin's price rises to mid-$50k, upper $50k, or $60k, Bitcoin dominance is expected to increase, and altcoin pairs will likely underperform Bitcoin.
"if Bitcoin were to push higher into say the mid-50s or the upper 50s or even the 60s if it were to go up there I have to imagine the Bitcoin dominance would go up with it and eventually I imagine all Bitcoin pairs would struggle to keep up"
BTC
Pending
Bitcoin is likely to eventually retest its bull market support band (around $42,000 as of Feb 2024).
"it'll likely eventually um check back in with it still"
BTC
Pending
Bitcoin is expected to eventually experience a deeper price retrace, potentially after rate cuts occur.
"I do expect it to eventually get a you know get a a a deeper retrace but again by the time that happens it could be on the other side of rate Cuts"
BTC
Pending
A Federal Reserve rate cut is unlikely to occur in March 2024.
"I think entering the year people were hopeful that we might get a rate cut in March likely not going to happen"
Interest Rates
Pending
The market narrative is predicted to shift from Bitcoin halving and spot ETFs to discussions about the Fed's monetary policy and the possibility of a soft landing.
"the narrative will certainly shift away from the having and and the whole spot ETF and it'll shift to you know you know has the FED gone too far or can they achieve a soft Landing right I think that's what it'll ultimately shift to"
Market Narrative
Pending