Coin Bureau: BTC will fall to $24,000

Said on May 15, 2023, at 3:46 in the video.

What was said
Coin Bureau

@coinbureau

“speculation aside BTC has broken below the key level of 27k and it's possible that it could fall as low as 24K in the coming days”
Watch at 3:46Crypto News: ETH FUD, BRC-20, Meme Coins, Debt Ceiling & MORE!
PredictionBTCwill fall to $24,000Checked at fixed windows, from 30 days to 5 years
What happenedafter 1 year
Incorrect

Entry price (first close after the video)

$27,162

May 15, 2023

Price at close

$61,577

May 14, 2024

Return

+126.7%

BTC was $27,162 on May 15, 2023. The target was $24,000. Between then and May 14, 2024 the low was $24,800, so the level was not reached.

30 days

Partly correct

90 days

Incorrect

180 days

Incorrect

1 year

Incorrect

The window it was checked over

BTCWindow checkedTarget named
$10,000$20,000$30,000$40,000$50,000$60,000$70,000$80,000Nov 2022Mar 2023Jul 2023Nov 2023Mar 2024Jul 2024Target $24,000Said on May 15, 2023
$0$20,000$40,000$60,000$80,000Nov 2022Jun 2023Dec 2023Jul 2024Target $24,000Said on May 15, 2023

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-PT v4Partly correct$27,162May 15, 2023$25,129Jun 14, 2023−7.5%—
90 daysR-PT v4Incorrect$27,162May 15, 2023$29,304Aug 13, 2023+7.9%—
180 daysR-PT v4Incorrect$27,162May 15, 2023$37,130Nov 11, 2023+36.7%—
1 yearR-PT v4Incorrect$27,162May 15, 2023$61,577May 14, 2024+126.7%—
3 yearsR-PT v4Incorrect$27,162May 15, 2023$81,090May 14, 2026+198.5%—
5 yearsR-PT v4Pending——May 13, 2028——
Why: 30 days

BTC was $27,162 on May 15, 2023. The target was $24,000. Between then and Jun 14, 2023 the low was $24,821, so the level was not reached.

Why: 90 days

BTC was $27,162 on May 15, 2023. The target was $24,000. Between then and Aug 13, 2023 the low was $24,800, so the level was not reached.

Why: 180 days

BTC was $27,162 on May 15, 2023. The target was $24,000. Between then and Nov 11, 2023 the low was $24,800, so the level was not reached.

Why: 1 year

BTC was $27,162 on May 15, 2023. The target was $24,000. Between then and May 14, 2024 the low was $24,800, so the level was not reached.

Why: 3 years

BTC was $27,162 on May 15, 2023. The target was $24,000. Between then and May 14, 2026 the low was $24,800, so the level was not reached.

Why: 5 years

Not yet resolved. The window closes May 13, 2028.

What was said around it

government had begun selling some of its BTC Holdings now for context the US government holds over 200k BTC seized from supposed criminals the government had sold some of this BTC back in March though it's likely these sales took place OTC that said the absence of cell pressure over the weekend could be evidence that the government has been selling BTC on the spot Market that's because it's more than likely that the government would sell its BTC during the Standard Market hours from Monday to Friday I suppose we're going to find out speculation aside BTC has broken below the key level of 27k and it's possible that it could fall as low as 24K in the coming days this would amount to another 10 decline so plan accordingly on the off chance that BTC climbs back above 27k it'll likely continue to bounce between 27 and 29k so that's bitcoin's price Dynamics but something else is taking place on the network itself which is causing quite a bit of consternation as some of you may have heard or experienced personally the Bitcoin blockchain has been super bloated lately transaction fees have soared to levels not seen since the previous bull market and there are hundreds of thousands of pending transactions

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

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