ilmscore | Bitcoin: Bull Market Support Band

Bitcoin: Bull Market Support Band

Published: 2024-08-04
Status: Analyzed

Predictions from this Video

Total: 11
Correct: 0
Incorrect: 0
Pending: 11
Prediction
Topic
Status
Bitcoin is predicted to drop to approximately $50,000 by September 2024, if it fails to maintain support above $60,000 in early August 2024, completing the 2019 fractal's lower low.
"if it follows 2019 then you get one more lower low... if it goes below 60k within the next couple of weeks I I think and and and gets daily closes down there I think there's a high likelihood that you're going to go back down to the to the lower part of this trend line which would put you close to around 50k and it would happen by September theoretically"
BTC
Pending
Bitcoin is predicted to experience a price bounce around mid-August 2024, coinciding with the expected 'death cross' event.
"in a few in a week or so you will get a death cross so if the market doesn't bounce between now and then often times it will bounce once the death cross occurs normally a death cross elicits a lot of negative emotion but historically when the death cross arrives Bitcoin gets a bounce into it"
BTC
Pending
Altcoin pairs against Bitcoin (alt/BTC) are expected to form a short-term low around mid-August 2024.
"I think the next time it's going to form a low potential short-term low could be about mid August"
Altcoins
Pending
All altcoin pairs against Bitcoin are predicted to reach the low 0.03s (referring to a ratio/index for altcoins relative to Bitcoin) by the end of August 2024.
"you could see all Bitcoin pairs in the low3s before the month is over"
Altcoins
Pending
Alt season is predicted to commence in 2025.
"that's when alt season finally starts we're not there yet in my opinion but I think it could happen next year maybe once everyone gives up"
Altcoins
Pending
Bitcoin could reach $62,400 by the weekly close (published 2024-08-04).
"it is still theoretically possible for Bitcoin to get back above its 21 we EMA before the weekly close it would need to get back up to around $62,400"
BTC
Pending
Bitcoin will experience a death cross around mid-August 2024, followed by a bounce.
"in a few in a week or so you will get a death cross so if the market doesn't bounce between now and then often times it will bounce once the death cross occurs"
BTC
Pending
If Bitcoin closes daily below $60k within mid-August 2024, it will likely drop to around $50k by September 2024.
"if it goes below 60k within the next couple of weeks I I think and and and gets daily closes down there I think there's a high likelihood that you're going to go back down to the to the lower part of this trend line which would put you close to around 50k and it would happen by September theoretically"
BTC
Pending
Altcoin market to form a potential short-term low by mid to late August 2024.
"I said before I think the next time it's going to form a low potential short-term low could be about mid August... it puts you about mid to late August for it to maybe put in another low"
Altcoins
Pending
Aggregate altcoin value against Bitcoin (e.g., TOTAL3/BTC) to drop to the low 0.0003 range by the end of August 2024.
"you could see all Bitcoin pairs in the low3s before the month is over"
Altcoins
Pending
Altcoin season (alt season) predicted to begin in 2025.
"that's when alt season finally starts we're not there yet in my opinion but I think it could happen next year maybe once everyone gives up"
Altcoins
Pending