Published: 2024-05-06
Status:
Analyzed
Predictions from this Video
Incorrect: 0
Prediction
Topic
Status
Bitcoin's next target is its 50-day SMA, approximately $66,000.
"the 50-day SMA is right around $66,000... that will be the the next level that I think the Bulls are going to try to see if they can get Bitcoin to"
Pending
If ETH/BTC continues to close below 0.049, it will likely continue to decline until looser monetary policy arrives, and Bitcoin dominance will probably continue to increase.
"if it does it again right another close 049 then after a little while people start to think well you know maybe it's not just deviation right maybe it's just going to keep on going down until a loser monetary policy arrives... Bitcoin dominance is probably going to keep going higher"
Pending
Ethereum (ETH) is predicted to reach a trend line around $3,300 if it emulates Bitcoin's last cycle.
"if eth were to go back up right and if it were to emulate Bitcoin from the last cycle then that would be sort of the the the next big task would be this trend line which is right around 3,300"
Pending
A shift towards slightly looser monetary policy (in terms of Quantitative Tightening, not Quantitative Easing) is expected to begin in June 2024.
"There will start to be a shift next month but it's still not too it it's slightly looser in terms of QT but still not into QE territory"
Pending
The Federal Reserve is predicted to implement a rate cut during the summer of 2024 (June, July, or September), with June being less probable but not ruled out.
"I tend to think that the FED will cut this summer that's sort of my base case is that a rate cut we will get a rate cut this summer... I mean either June July or September because the September September is still technically the summer I think you could get one earlier than September but I'm not married to that idea like I don't have super strong conviction um in that it doesn't really seem like June is going to happen at this point but I also wouldn't completely discount counted either"
Pending
Bitcoin is predicted to rally to the $66,000 level, mirroring the movement of the S&P, NASDAQ, and Russell to their 50-day SMAs.
"the 50-day SMA is right around $66,000 so the it's precisely if you want to know precisely $65,900 6,000 and you can see in fact that Bitcoin made it to the 50-day SMA in April right it it hit the 50-day SMA at around 67.4 4K just a couple of weeks ago so now the 50-day SMA is around 66k and so that will be the the next level that I think the Bulls are going to try to see if they can get Bitcoin to because that's where the S&P is that's where the NASDAQ is that's where the Russell is."
Pending
If Bitcoin consolidates between $60,000 and $70,000 for the next one to two months (May-July 2024) and altcoins decline during this period, the market will be behaving similarly to the 2019 local top.
"The thing I would look for if it's if it's like a 2019 scenario what you would see is just Bitcoin chop around uh you know between these levels for the next month or two while alts go down if you don't see alts going down as Bitcoin chops then it's not similar to 2019 but if alts keep bleeding while Bitcoin chops then it is similar to 2019"
Pending
Bitcoin's market dominance is predicted to continue increasing.
"Bitcoin dominance is probably going to keep going higher"
Pending
If Ethereum follows a pattern similar to Bitcoin's previous cycle, its next significant resistance level will be around $3,300.
"if eth were to go back up right and if it were to emulate Bitcoin from the last cycle then that would be sort of the the the next big task would be this trend line which is right around 3,300 which is not that much higher than where we currently are"
Pending
The Federal Reserve's monetary policy is predicted to become slightly looser in June 2024, but will not transition into quantitative easing (QE).
"at least until looser monetary policy arrives which is still not going to happen this month um there will start to be a shift next month but it's still not too it it's slightly looser in terms of QT but still not into QE territory"
Pending
The Federal Reserve is expected to implement a rate cut during the summer of 2024 (June, July, or September).
"I tend to think that the FED will cut this summer that's sort of my base case is that a rate cut we will get a rate cut this summer um you know and by the by the way just so there's no ambigu I mean when I say the summer I mean either June July or September because the September September is still technically the summer"
Pending