Published: 2024-05-03
Status:
Analyzed
Predictions from this Video
Incorrect: 0
Prediction
Topic
Status
If Bitcoin falls below the 100-day SMA, it will bounce around $55k-$56k. (This already occurred by the video publication date of 2024-05-03).
"if we fall below the 100 day SMA then you should at least get some type of a reaction or a bounce at around that 55 to 56k level"
Pending
If Bitcoin fails to close daily above $59.7k for the rest of the week (of May 3, 2024), it could capitulate below the 20-week SMA the following week.
"if they can't get above that for the rest of the week then you could just see capitulation below the 20we SMA next week"
Pending
If Bitcoin clears its 100-day SMA and closes daily above it, it could rally 10% from the recent low, reaching $62k-$63k.
"if Bitcoin gets back above its 100 day moving average and gets daily closes above it and can run back run it back say 10% from the low that's essentially going to put you at around 62 to 63k"
Pending
If Bitcoin rallies to the $62k-$63k range, it is likely to form another lower high, encountering resistance at that level.
"if you do run it back into that level you know is it just another lower high right because you can see that if we did that would be that 62 to 63k range you know if we hit that trend line again and that I think would be could act as some form of of resistance that 62 to 63 63k range"
Pending
A 50% drop in Bitcoin price could bring it down to $35k, aligning with the 100-week moving average.
"if you get a 50% drop that puts you back down to 35k which coincidentally would be right around the area that the 100 we moving average is going to"
Pending
Bitcoin is predicted to experience a bounce and form a lower high in May, potentially revisiting the bull market support band ($55.5k-$56.2k) by late May or early June, before consolidating lower during the summer.
"you form a lower high in May and then you get the summer low... you'll find Bitcoin back at the bullmark sport band late May early June if it if it does get a bounce here going into the middle part of May... what usually happens is it you get a bounce in May and then it tops out sometime in May and then you you go lower in the summer so I do think something like that could happen"
Pending
Bitcoin was predicted to reach new highs before most altcoins. (This was already true at the time of the video, so it's an evaluated prediction).
"bitcoin's going to put in new highs before most alts anyways which it has and it's near the highs"
Pending
Bitcoin dominance tends to increase when Bitcoin's USD price increases.
"most of the time when Bitcoin USD goes up the dominance of Bitcoin goes up"
Pending
Bitcoin dominance is predicted to rise to 55% or higher, with a target of 60%, while altcoins underperform.
"one way you run dominance back up to 55% or maybe even higher is you see Bitcoin go back up while altcoins take a backseat again... Bitcoin dominance 60% is my target"
Pending
If historical patterns repeat, altcoin-Bitcoin pairs could reach new lows by late May 2024.
"five weeks later all Bitcoin pairs were putting in new lows if that's going to repeat itself then that could mean that late may all Bitcoin pairs could be putting in new lows"
Pending
If Bitcoin drops to $40k in June or July, altcoins are predicted to be closer to their lows than highs, potentially setting lower lows.
"if Bitcoin gets a drop into the summer let's say in June July if it goes back down to even 40K alts are closer to their lows than their highs... altcoins can often put in lower lows when Bitcoin gets that correction"
Pending
If Bitcoin forms a lower high by closing daily below the 100-day SMA, leading to capitulation, then Bitcoin dominance could top out after Bitcoin falls below its 20-week SMA.
"if the lower high is just a daily close below the 100 day SMA then you could get something like this where you just get outright capitulation if that happens then I could see a case where dominance tops after we go below the 20we estim"
Pending
Bitcoin dominance is predicted to top out in June 2024 at the earliest.
"I could see Bitcoin dominance topping out in June at the earliest"
Pending
Altcoin counter-trend rallies are predicted to result in lower highs.
"you can get counter Trend rallies but they should probably result in lower highs"
Pending
Bitcoin will outperform altcoins in summer 2024, leading to altcoins capitulating against Bitcoin.
"Bitcoin is going to show the altcoins um what's what and who's who as we get into the summer and then finally I think alts will capitulate against Bitcoin"
Pending
Quantitative Easing (QE) is predicted to resume in late 2024 or early 2025.
"QE will resume later this year early next year"
Pending
Bitcoin was predicted to bounce around $55k-$56k if it fell below the 100-day SMA.
"if we fall below the 100 day SMA then you should at least get some type of a reaction or a bounce at around that 55 to 56k level"
Pending
If Bitcoin's 100-day moving average holds as resistance, its price could briefly rise before falling below the 20-week SMA the following week (similar to late 2021).
"if the 100 day moving average holds as resistance... then you could get a situation similar to late 2021... you sort of go back up a little bit but then you still go below the 20m the following week"
Pending
If Bitcoin fails to achieve a daily close above $59.7k during the week of May 3, 2024, it could capitulate below the 20-week SMA the following week.
"the Bulls are going to want to see a daily close above 59.7k in order to have a you know have a good chance of running this back into the 6s um if they can't get above that for the rest of the week then you could just see capitulation below the 20we SMA next week"
Pending
Bitcoin has a reasonable chance of forming a summer low in 2024.
"I do think there's a reasonable chance we get a summer low"
Pending
Bitcoin's market peak for this cycle might have already occurred in March 2024.
"there's also a chance that you get a left translated Peak where the peak's already in right in March"
Pending
Bitcoin was predicted to put in a high one month before its April 2024 halving, similar to Ethereum's price action before its merge.
"we said there's a good chance that it puts in a high one month before the having just like eth put in a high one month before the merch"
Pending
If Bitcoin surpasses its 100-day moving average and reaches $62k-$63k but fails to break higher (to $64k-$66k), forming a lower high in May 2024, it would confirm a summer low.
"if Bitcoin clears the 100 day the next area to look for is going to be 62 to 63k and if it cannot get past that... and it just puts in another lower high in May then that would likely be confirmation of a summer low"
Pending
If Bitcoin's current rally resolves into a lower high, it is predicted to be at or below its 20-week EMA (bull market support band) by late May or early June 2024.
"if this does ultimately just resolve into a lower high then you're likely going to find yourselves with Bitcoin at its 20we ese or below it um later on you know maybe by late May or sometime in June that would be my guess is you'll find Bitcoin back at the bullmark sport band late May early June"
Pending
Bitcoin dominance is predicted to top out in June 2024 at the earliest, likely before Bitcoin falls below its 20-week EMA.
"I think June at the earliest is where dominance can top out and if that's the case and dominance tops out in June then it would likely correspond to it topping out before Bitcoin goes below the 20we estimate"
Pending
Bitcoin dominance is expected to rally in the summer of 2024 as Bitcoin approaches its bull market support band and the market accepts a summer low.
"I think dominance is going to Rally up in in the summertime and it could be that it rallies up as Bitcoin is getting closer and closer to that bull market support band and maybe as more people are starting to accept the fact that hey we're going to have a summer low"
Pending
Bitcoin is predicted to outperform the altcoin market regardless of whether Bitcoin's USD value increases or decreases.
"I think no matter what bitcoin's going to crush the altcoin market if bit goes up alt Bitcoin pairs bleed if Bitcoin goes down alt Bitcoin pairs bleed"
Pending
Bitcoin dominance is expected to increase further into the summer of 2024, leading to altcoins capitulating against Bitcoin, which will then mark the top for Bitcoin dominance.
"I still think Dominus is going to go higher I think Bitcoin is is going to show the altcoins um what's what and who's who as we get into the summer and then finally I think alts will capitulate against Bitcoin that'll Mark the top for Bitcoin dominance"
Pending
All altcoin-Bitcoin pairs could reach new lows by late May 2024.
"if that's going to repeat itself then that could mean that late may all Bitcoin pairs could be putting in new lows"
Pending
If Bitcoin forms another lower high, altcoins are expected to capitulate and might continue to consolidate at lower prices for a while.
"if if this just ends up resulting in a a lower high then that's when altcoins are like oh crap you know bitcoin's actually done for a while and and you know maybe it'll pick back up later this year or in the post having year but that is where altcoins could theoretically throw in the towel"
Pending
If Bitcoin drops to $40k in June/July 2024, altcoins will be closer to their lows than their highs.
"if Bitcoin gets a drop into the summer let's say in June July if it goes back down to even 40K alts are closer to their lows than their highs"
Pending
Quantitative Easing (QE) is predicted to resume in late 2024 or early 2025.
"QE will resume later this year early next year"
Pending