Published: 2024-05-11
Status:
Analyzed
Predictions from this Video
Incorrect: 0
Prediction
Topic
Status
Bitcoin price action is predicted to fade into summer 2024.
"we talked about a few months ago was this idea of seeing price action sort of Fade Into the summer"
Pending
The ETH/BTC ratio is predicted to decline until the Federal Reserve pivots (lowers rates) and implements Quantitative Easing.
"the general expectation is that eth will bleed to bitcoin [...] I still do expect the eth Bitcoin valuation to go down"
Pending
Bitcoin is expected to fall below its bull market support band.
"I do think it probably will [fall below the bull market support band]"
Pending
A Federal Reserve rate cut is predicted to decrease demand for Bitcoin as investors rotate into higher-risk altcoins.
"when the FED does cut rates rates that's going to take away some of the bid for Bitcoin relatively is because when looser monetary policy arrives the people that were basically Bitcoin only for so long then they start to convert into higher risk stuff like altcoins"
Pending
Bitcoin dominance is predicted to continue its slow increase.
"in general you're going to see dominance continue to slowly go higher in my opinion"
Pending
Bitcoin dominance is most likely to top between June and September 2024.
"I think dominance will Top This Summer either June July I mean it could be as late as September"
Pending
After Bitcoin dominance tops (likely Summer/September 2024), Bitcoin's USD value is predicted to decline for a while, even as altcoin/Bitcoin pairs increase.
"after dominance tops then Bitcoin goes down [...] while all Bitcoin pairs go up you know Bitcoin USD could could you know be going down for a while"
Pending
Even if Bitcoin reaches a new high after May 2024 (e.g., in June), its price is still expected to fade in the second half of 2024.
"even if it does [get another high] it still is is is similar to 2019 right even if you put in a new high I I I don't see how it's not similar because even in 2019 you still had a high in June and then you still faded uh into the back half of the year"
Pending
In the short term (from May 2024), Bitcoin will chop around between its bull market support band and 8-week moving average, leading to a slow but sure increase in Bitcoin dominance, absorbing liquidity from altcoins.
"in the short term Bitcoin is just going to keep on chopping around between the bull market support band and the 8we moving average and that chopping price action should lead to bitcoin dominance going higher slowly but surely"
Pending
The Federal Reserve is predicted to cut interest rates in 2024, likely in the summer and before the election.
"I would guess they're going to cut sometime this year is my and I probably before the election okay I I actually think they're going to cut this summer"
Pending
There is a 65% chance of a Fed rate cut in June/July 2024, increasing to a 90% chance if September 2024 is included.
"I would say maybe like you know 65% chance we get a cut this summer um actually if you include September in that I'd probably say like a 90% chance"
Pending
Altcoin/Bitcoin pairs are predicted to decline if Bitcoin rallies to its 8-week Simple Moving Average; altcoins (USD pairs) will show weakness if Bitcoin drops below key support levels (e.g., the February 2024 low).
"if Bitcoin gets a big rally back up to the 8we SMA you're likely going to see all Bitcoin pairs bleed if Bitcoin goes below this level [...] then that's where alt could really start to to show that weakness again"
Pending