Published: 2024-03-05
Status:
Analyzed
Predictions from this Video
Incorrect: 0
Prediction
Topic
Status
Bitcoin is predicted to experience a large price correction at some unspecified point.
"I'm not saying Bitcoin can't get Corrections it probably will get a large correction at some point"
Pending
Ethereum (ETH) is predicted to be the last major altcoin to decline against Bitcoin (BTC).
"eth is is going to be the last one to fall on its Bitcoin pair more than likely because it is Number Two by market cap"
Pending
Ethereum (ETH) is not expected to lose its #2 market cap rank or 'flip' Bitcoin (BTC) in the foreseeable future, likely never.
"I don't think eth is going to relinquish that number two spot anytime soon I also don't think it's going to be flipping Bitcoin anytime soon probably not ever"
Pending
Ethereum (ETH) against Bitcoin (BTC) is predicted to bottom when the Federal Reserve eventually pivots monetary policy.
"at some point in the nebulous future the FED will pivot and at that point it's possible that eth Bitcoin will bottom"
Pending
A 'risk-on' environment for Bitcoin is expected to continue until Bitcoin dominance reaches 56%.
"I've said before risk on until 56% dominance"
Pending
Bitcoin's price is predicted to reach $76,000 based on its extension from the 20-week moving average hitting a historical trendline.
"it would put it at 76k"
Pending
If Bitcoin extends 7-8% above its all-time high, similar to gold's historical behavior, its price could reach approximately $73,000.
"Bitcoin if if it were to extend above the all-time high 7 to eight% you i' put it at like 73k or so"
Pending
Gold's breakout is attributed to the market anticipating quantitative easing (QE) sooner than expected.
"The reason that Gold's probably breaking out is because it senses that QE might not be as far away as we think"
Pending
Ethereum (ETH) against Bitcoin (BTC) is predicted to take longer to break down this cycle, potentially due to the prospect of a spot Ethereum ETF.
"maybe it even takes longer this time for it to break down given the spot ETF stuff for eth potentially coming"
Pending
The approval of a spot Ethereum (ETH) ETF is considered less likely than Bitcoin's, with the SEC potentially delaying approval for another year or longer.
"I don't think the odds are as likely you know that it was for Bitcoin... I think that the SEC could try to say it's not as clear as Bitcoin and they might try to to to kick the K down the road and and maybe it takes another year for it to be approved... so it could take very you know could we could end up waiting for ethereums for a much longer period of time than we'd like"
Pending
The current Bitcoin market cycle (2024) is a unique combination of characteristics from previous cycles, specifically quantitative tightening (QT) and high rates (like 2019) combined with flirting with new all-time highs (like late 2020/2021).
"I'll give you a hint it's 2024 right it's neither it's something different it's kind of a combination of the two in fact right... it's QT and high rates like 2019 but it's flirting with new alltime highs like 2020 like like late 2020"
Pending
Bitcoin's price is predicted to exceed its all-time high and rise into the $70,000s before experiencing a pullback.
"maybe maybe Bitcoin goes above the all-time high and then goes up a little bit higher right into the 70s before it gets a pullback right"
Pending
MATIC against Bitcoin (MATIC/BTC) is predicted to lead Ethereum against Bitcoin (ETH/BTC) in its price action.
"I've been arguing forever that that might lead eth Bitcoin"
Pending
It is recommended to maintain a Bitcoin-heavy crypto portfolio until Bitcoin dominance reaches 60%.
"Bitcoin heavy crypto portfolio until Bitcoin dominance hit 60% that's my view not Financial advice"
Pending
The Bitcoin dominance rally is predicted to end sometime after altcoin-Bitcoin pairs break down and after the Federal Reserve pivots monetary policy.
"how do you know when the dominance rally is over well it probably is going to happen sometime after all Bitcoin pairs break down and after a Fed pivot"
Pending
Bitcoin's price is predicted to enter a 'cool off' period lasting approximately half a year, following a potential run to new highs and a pullback.
"you could certainly go into a cool off period for half a year"
Pending
Bitcoin cycles are predicted to continue exhibiting diminishing returns, although this pattern will likely cease at some point in the future.
"we've always had diminishing returns every cycle people argue that we won't have it and then we do and I'm sure that same argument will happen and maybe at some point we won't have it in fact at some point we probably won't have diminishing returns right"
Pending
Bitcoin is very likely to experience at least a 10% price drop in the near future.
"I would be very surprised if there's not a 10% drop"
Pending
The current market is predicted to culminate in a local 'blow-off top' for Bitcoin, followed by approximately six months of uncertainty regarding whether it was the cycle's absolute peak or if a second rally will occur.
"it seems like we're building up into a cresendo that you know certainly will likely be some type of local blow off top and then we'll probably spend half a year after that top is in wondering if it's the actual top or if we get a second pump later on"
Pending
USDT dominance was predicted to decrease significantly ('drop like a rock') as liquidity flows from altcoins and stables into Bitcoin in the run-up to the halving.
"when usdt dominance was here at 6 and a half perc I said in the video I said look guys we could easily get rejected from here and see usdt dominance go down as everyone YOLO into Bitcoin as we go into the having and as liquidity leaves alt and goes back to bitcoin we could see dominance of usdt Drop Like a Rock"
Pending
USDT dominance is predicted to reach its trendline (around 3.85-4.0%), and this event, combined with other factors, is expected to mark a local turning point (local top) for Bitcoin, followed by a cool-off and regrouping period, rather than putting in new lows.
"you have usdt dominance going to the trend line that we said it was probably going to drop to as we go into the having and the trend line sits at 3.85% and we're currently at 4.09%... prior tags the trend line marked Turning Point marked a local turning point in the asset class... it would suggest sort of just a cool off period um to sort sort of gather ourselves and to sort of regroup if you will"
Pending
It is possible that if Bitcoin experiences a price correction around 56% dominance, the pullback will not exceed 20%.
"there there there does exist a scenario where you get a correction at 56% dominance which is where it seems like it can very well happen and it do doesn't end up being larger than 20% or so"
Pending
Bitcoin dominance is predicted to reach at least 60% and could potentially exceed that level.
"I think 60% is likely the level it could go beyond 60"
Pending
Bitcoin USD needs to clear $69,000 to reach a new all-time high.
"now seems like we're just waiting to see if Bitcoin USD can go to a new high and again that the it needs to essentially go to 69k okay... so we would need to clear 69k in order for um for for a new all-time high to occur"
Pending
Bitcoin will continue to rise, drawing liquidity from altcoins until they significantly decrease in value against Bitcoin.
"my guess is that it it's going to keep on going Until It sufficiently Breaks these altcoins down right"
Pending
Bitcoin will experience a large correction, but it will not drop as much as altcoins, and altcoins will continue to lose value against Bitcoin.
"Bitcoin can't get Corrections it probably will get a large correction at some point the point is that if and when it does it likely won't drop as much as altcoins and the alt coins will just keep losing value to bitcoin"
Pending
Altcoins are not predicted to durably outperform Bitcoin in the short term.
"I cannot find a compelling reason to think that altcoins will durably outperform Bitcoin in the collective in the short term"
Pending
Ethereum (ETH) is not expected to surpass Bitcoin (BTC) in market capitalization, likely never.
"I also don't think it's going to be flipping Bitcoin anytime soon probably not ever"
Pending
Altcoins (represented by his index total3-USDT/BTC) are expected to break down against Bitcoin soon, potentially within weeks.
"we are not that far away from altcoins breaking down on their Bitcoin pairs collectively at least total three minus usct divided by Bitcoin right we're not that far away from that Milestone and it could come quickly you know I mean it could come this week could come next week I I don't know but we're not that far away from it"
Pending
The Federal Reserve is predicted to start discussing balance sheet issues later in 2024.
"the FED has started saying they're going to start talking about the balance sheet issues right so probably coming to us later this year"
Pending
The ETH/BTC pair will drop to or below a weekly close of 0.049.
"eth Bitcoin is at 0.53 it would need to drop a little bit more to get that Weekly close below its range low that it put in the summer of 2022 at 0.049"
Pending
Bitcoin could reach approximately $73,000-$76,000, aligning with Fibonacci extensions or a 7-8% extension above prior all-time highs, potentially marking a local top.
"where is the 4.236 74k huh that's kind of interesting... it would put it at 76k... Bitcoin if if it were to extend above the all-time high 7 to 8% you i' put it at like 73k or so"
Pending
Rate cuts could initially be priced out by the market, which then leads to economic contraction and subsequent repricing of rate cuts back in.
"I think one of two things got to happen you could even get to the point where all you know a lot of the the the the rate Cuts get priced out and it could be the evolution of them getting priced out that causes them to get priced back in right"
Pending
The labor market (e.g., unemployment rate) is beginning to turn negatively for the first time in Bitcoin's history (excluding the pandemic period).
"for the first time in bitcoin's history saved the pandemic the labor market is starting to turn the wrong way right... the unemployment rate has just gone down it's slowly turning the corner"
Pending
Bitcoin dominance will break out (increase significantly), and this will coincide with Bitcoin's price cooling off.
"Bitcoin dominance is approaching its breakout Zone and remember when it broke out in 2019 that's finally when Bitcoin cooled off after Bitcoin dominance broke out"
Pending
In 10 years, at least 99% of altcoins are predicted to have significantly depreciated against Bitcoin, similar to Monero's past performance.
"if you look back on these alt coins in 10 years I can basically guarantee you that at least 99% of them are going to look exactly like this at least 99%"
Pending
The SEC might delay the approval of an Ethereum (ETH) spot ETF, possibly taking another year.
"I think that the SEC could try to say it's not as clear as Bitcoin and they might try to to to kick the K down the road and and maybe it takes another year for it to be approved"
Pending
Altcoins (represented by his index) are predicted to break down against Bitcoin, needing to drop from 0.42 to 0.39.
"I think it it needs to break altcoins down against Bitcoin right that's what I think it it needs to happen and we're at 42% right we're at 042 we only got to go to 39 for them to be brok down it's not that far"
Pending
After Bitcoin makes a run to new highs (potentially into the $70,000 range) and experiences a pullback, it could enter a cooling-off period lasting approximately half a year.
"if there is some type of run of the highs whether we hit the highs or not or maybe we go into the 70s and we get a pullback you could certainly go into a cool off period for half a year"
Pending
Bitcoin is likely to experience a 10% price drop in the non-distant future (from March 2024).
"I would be very surprised if there's not a 10% drop and we we've been going up I mean hell Bitcoin was legitimately like 39K two or three weeks ago so yeah I mean there's there's probably going to be a 10% drop at some point in the Nona distant future"
Pending
If Bitcoin rises into the $70,000s and gold breaks out, altcoins are predicted to have already broken down against Bitcoin as they cannot compete in this environment.
"I have to imagine that that if that happens that all Bitcoin pairs have broken down like I I have to imagine that I I don't think that altcoins can compete with Bitcoin in this environment"
Pending
All altcoin pairs are believed to be close to breaking down against Bitcoin and are predicted to do so.
"all Bitcoin pairs let's see if they break down they're getting close I believe they will"
Pending
USDT dominance will drop to its trendline around 3.85% as Bitcoin rallies into the halving, which historically marks a local top for Bitcoin.
"usdt dominance going to the trend line that we said it was probably going to drop to as we go into the having and the trend line sits at 3.85% and we're currently at 4.09%... prior tags the trend line marked Turning Point marked a local turning point in the asset class"
Pending
Blue Chip dominance (Bitcoin + Ethereum) is predicted to break out soon.
"Bitcoin dominance also Blue Chip dominance is about to break out"
Pending
The market is building to a local 'blow-off top' for Bitcoin, potentially around the halving, followed by a larger pullback (similar to 2013), and then a 6-month to a year period of debate on whether it was the cycle top or if another rally will occur, dependent on economic data.
"it seems like we're building up into a cresendo that you know certainly will likely be some type of local blow off top and then we'll probably spend half a year after that top is in wondering if it's the actual top or if we get a second pump later on... we form some type of top um I don't know maybe around on the having or or something and then maybe before maybe after but we form some type of top we get a larger pullback maybe like 2013 and then we and then we and then we spend the next year six months debating whether that was it or if we get another rally later on"
Pending
Bitcoin dominance is more likely to surpass 60% than to fall short of that target.
"I'd say my my concern is more so that you know again I don't know if Bitcoin dominance at 60% that's my Target but I would say it's more it's I'm more thinking about it could go past 60% than than not make it to 60%"
Pending
Bitcoin will continue to rise until altcoins sufficiently 'break down', potentially seeing altcoins (relative to Bitcoin) drop to 0.04.
"my guess is that it it's going to keep on going Until It sufficiently Breaks these altcoins down... then you might see these altcoins come back down here to 04"
Pending
The Federal Reserve will begin discussing its balance sheet issues later in 2024.
"the FED has started saying they're going to start talking about the balance sheet issues right so probably coming to us later this year"
Pending
Gold is breaking out, and a legitimate breakout in gold would be concerning for risk assets.
"it kind of looks like it's breaking out to me to be completely honest it looks like Gold's breaking out... if it's a legitimate breakout then it's concerning for risk assets"
Pending
The market pricing out expected rate cuts could lead to economic contraction (layoffs, cost-cutting), which would then force the Federal Reserve to re-introduce rate cuts.
"you could even get to the point where all you know a lot of the the the rate Cuts get priced out and it could be the evolution of them getting priced out that causes them to get priced back in right I mean imagine if you're a small business and you go from thinking you're going to have a rate cut in March so then thinking you might not get one at all this year that would lead to some layoffs right that would lead to some cost cutting and then it could be that that causes the rate cuts to just get right you know priced back in"
Pending
On March 5, 2024, the daily candle for 'all Bitcoin pairs' (altcoins vs Bitcoin) will likely close red.
"look at that it's already it's back down to 0.34 when I started the stream the all Bitcoin pairs were up like a percent now they're down now they're only up a third of a or you know 04 probably by the end of the day the all Bitcoin candle will be red"
Pending
The labor market is starting to weaken, suggesting a potential 'hard landing' for the economy.
"the labor market is starting to turn the wrong way... I mean I imagine the path to a hard Landing is not something that everyone thinks is a hard Landing"
Pending
At least 99% of altcoins will eventually devalue to near zero against Bitcoin over the long term (10 years).
"I can basically guarantee you that at least 99% of them [altcoins] are going to look exactly like this [Monero/BTC chart bleeding to near zero] at least 99%"
Pending
Blue Chip dominance (Bitcoin + Ethereum) is approaching a breakout, requiring a weekly close above 73%.
"Blue Chip dominance is about to break out... we need to get a weekly close above 73% we've Wicked above 73% a lot"
Pending