ilmscore | Bitcoin: Halving Year Returns

Bitcoin: Halving Year Returns

Published: 2024-03-26
Status: Analyzed

Predictions from this Video

Total: 5
Correct: 0
Incorrect: 0
Pending: 5
Prediction
Topic
Status
Bitcoin's price performance in 2024 is not expected to perfectly mirror either the 'up only' trend of 2017 or the specific up-to-April, lower-high-in-May pattern of 2021 for the entire year, but rather a combination of the two.
"I don't expect us to track this for the entire year if you look at at 2017 you can see that it was basically up only if you look at 2021 we basically went up until April had a lower high in May and then we came back down my guess is we is we do some sort of combination where it's neither 2017 or 2021"
BTC
Pending
Bitcoin was expected to find a local low in mid-to-late March 2024 (the week of or prior to March 26, 2024), which could lead to renewed interest ahead of the halving event.
"we talked about that previously that you might find Bitcoin sort of sniffing out a late low or a low sometime either last week or or this week um one or the other don't really think it matters a whole lot and then perhaps there would be some renewed interest uh going into the having"
BTC
Pending
If Bitcoin experiences a significant rally in April 2024 that is strong enough to cause altcoin/Bitcoin trading pairs to break down, then a Bitcoin price correction is anticipated during the summer of 2024.
"if Bitcoin does get a move in April just like it got in 2017 and just like it got in 2021 see if it's enough to to break the altcoin market down on their Bitcoin pairs if it is enough then you might get a correction going into the summer"
BTC
Pending
If Bitcoin's potential April 2024 rally is not sufficient to cause altcoin/Bitcoin trading pairs to break down, Bitcoin's price might continue to move higher into May 2024.
"if it's not enough to break altcoins down on their Bitcoin pairs then you still might see it go higher into May"
BTC
Pending
Bitcoin is expected to rally leading up to the anticipated interest rate cuts by the Federal Reserve, which are likely to occur around June 2024, or potentially a month prior (May 2024).
"we're looking likely at rate Cuts coming uh in June so that you know that sort of leaves it open for Bitcoin to sort of rally into whenever those rate Cuts actually arrive whether it ends up being in May or June or whatever or a month before they arrive just like last cycle"
BTC
Pending