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Coin Bureau: BTC will fall

Said on Jul 26, 2022, at 18:33 in the video.

What was said
Coin Bureau

@coinbureau

“the massive purge we saw in q2 has set the stage for a serious recovery rally which we're arguably in however it's only a matter of time before the markets realize that all the macro factors which caused the recent crypto crashes haven't been resolved and this could take crypto to new lows”
Watch at 18:33Have You SEEN THIS Crypto Report?! What It Says!!
PredictionBTCwill fallChecked at fixed windows, from 30 days to 5 years

Recorded as crypto, a word for a group: this call is judged on BTC, the stand-in the method assigns to it.

What happenedafter 1 year
Incorrect

Entry price (first close after the video)

$21,255

Jul 26, 2022

Price at close

$29,352

Jul 26, 2023

Return

+38.1%

S&P 500 +18.4%

BTC closed at $21,255 on Jul 26, 2022. On Jul 26, 2023 it closed at $29,352, a return of +38.1%. SPY returned +18.4% over the same window. The call was that it would fall.

30 days

Incorrect

90 days

Correct

180 days

Incorrect

1 year

Incorrect

Details and evidenceReport a problem

The window it was checked over

BTCWindow checked
$10,000$20,000$30,000$40,000$50,000Jan 2022May 2022Sep 2022Jan 2023May 2023Sep 2023Said on Jul 26, 2022
$10,000$20,000$30,000$40,000$50,000Jan 2022Aug 2022Mar 2023Sep 2023Said on Jul 26, 2022

BTC closing prices, adjusted for splits. The shaded span is the one-year window: it starts at the first close after the video went public and ends at the last close on or before one year after the day the video was published.

Result at every window

All windows are shown, so none is picked
Result at every window
WindowResultAt the startAt the endChangeBenchmark
30 daysR-DIR v4Incorrect$21,255Jul 26, 2022$21,559Aug 25, 2022+1.4%S&P 500 +7.3%
90 daysR-DIR v4Correct$21,255Jul 26, 2022$19,330Oct 24, 2022−9.1%S&P 500 −2.7%
180 daysR-DIR v4Incorrect$21,255Jul 26, 2022$22,708Jan 22, 2023+6.8%S&P 500 +2.2%
1 yearR-DIR v4Incorrect$21,255Jul 26, 2022$29,352Jul 26, 2023+38.1%S&P 500 +18.4%
3 yearsR-DIR v4Incorrect$21,255Jul 26, 2022$117,614Jul 25, 2025+453.4%S&P 500 +70.1%
5 yearsR-DIR v4Pending——Jul 25, 2027——
Why: 30 days

BTC closed at $21,255 on Jul 26, 2022. On Aug 25, 2022 it closed at $21,559, a return of +1.4%. SPY returned +7.3% over the same window. The call was that it would fall.

Why: 90 days

BTC closed at $21,255 on Jul 26, 2022. On Oct 24, 2022 it closed at $19,330, a return of −9.1%. SPY returned −2.7% over the same window. The call was that it would fall.

Why: 180 days

BTC closed at $21,255 on Jul 26, 2022. On Jan 22, 2023 it closed at $22,708, a return of +6.8%. SPY returned +2.2% over the same window. The call was that it would fall.

Why: 1 year

BTC closed at $21,255 on Jul 26, 2022. On Jul 26, 2023 it closed at $29,352, a return of +38.1%. SPY returned +18.4% over the same window. The call was that it would fall.

Why: 3 years

BTC closed at $21,255 on Jul 26, 2022. On Jul 25, 2025 it closed at $117,614, a return of +453.4%. SPY returned +70.1% over the same window. The call was that it would fall.

Why: 5 years

Not yet resolved. The window closes Jul 25, 2027.

What was said around it

which isn't all that surprising the authors also note that the gbtc discount fell below 30 percent after the sec rejected grayscale's spot bitcoin etf application if you're wondering what gbtc is and how it's different from a spot bitcoin etf check out the video in the description so this brings me to the big question and that's what the findings of this report mean for the crypto market well if crypto's current price action didn't make it clear enough the massive purge we saw in q2 has set the stage for a serious recovery rally which we're arguably in however it's only a matter of time before the markets realize that all the macro factors which caused the recent crypto crashes haven't been resolved and this could take crypto to new lows in fact you could make the argument that crypto hasn't seen peak capitulation and not just because many institutional investors like kevin o'leary believe we haven't seen total panic yet although crypto prices have taken a beating recall that the number of daily defy users has remained relatively stable by comparison that trading volumes have barely budged and that bitcoin's hash rate continued to climb even while btc's price crashed if what we saw over

What a person said is shown in their own words and is never translated. The link goes to the exact second in the video.

See all

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