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Coin Bureau: BTC will fall

Said on Jun 26, 2023, at 13:54 in the video.

What was said
Coin Bureau

@coinbureau

“it's also possible that the listing of this leveraged Bitcoin Futures ETF could Mark the local top for btc's Price”
Watch at 13:54Crypto News: Bitcoin RALLY, ETFs, ETH Updates, TUSD & More!
PredictionBTCwill fallChecked at fixed windows, from 30 days to 5 years
What happenedafter 1 year
Incorrect

Entry price (first close after the video)

$30,268

Jun 26, 2023

Price at close

$61,806

Jun 25, 2024

Return

+104.2%

S&P 500 +28.0%

BTC closed at $30,268 on Jun 26, 2023. On Jun 25, 2024 it closed at $61,806, a return of +104.2%. SPY returned +28.0% over the same window. The call was that it would fall.

30 days

Correct

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$50,000$60,000$70,000$80,000Dec 2022Apr 2023Aug 2023Dec 2023Apr 2024Aug 2024Said on Jun 26, 2023
$0$20,000$40,000$60,000$80,000Dec 2022Jul 2023Feb 2024Aug 2024Said on Jun 26, 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-DIR v4Correct$30,268Jun 26, 2023$29,352Jul 26, 2023−3.0%S&P 500 +5.6%
90 daysR-DIR v4Correct$30,268Jun 26, 2023$26,248Sep 24, 2023−13.3%S&P 500 +0.1%
180 daysR-DIR v4Incorrect$30,268Jun 26, 2023$43,702Dec 23, 2023+44.4%S&P 500 +10.6%
1 yearR-DIR v4Incorrect$30,268Jun 26, 2023$61,806Jun 25, 2024+104.2%S&P 500 +28.0%
3 yearsR-DIR v4Incorrect$30,268Jun 26, 2023$59,794Jun 25, 2026+97.5%S&P 500 +76.7%
5 yearsR-DIR v4Pending——Jun 24, 2028——
Why: 30 days

BTC closed at $30,268 on Jun 26, 2023. On Jul 26, 2023 it closed at $29,352, a return of −3.0%. SPY returned +5.6% over the same window. The call was that it would fall.

Why: 90 days

BTC closed at $30,268 on Jun 26, 2023. On Sep 24, 2023 it closed at $26,248, a return of −13.3%. SPY returned +0.1% over the same window. The call was that it would fall.

Why: 180 days

BTC closed at $30,268 on Jun 26, 2023. On Dec 23, 2023 it closed at $43,702, a return of +44.4%. SPY returned +10.6% over the same window. The call was that it would fall.

Why: 1 year

BTC closed at $30,268 on Jun 26, 2023. On Jun 25, 2024 it closed at $61,806, a return of +104.2%. SPY returned +28.0% over the same window. The call was that it would fall.

Why: 3 years

BTC closed at $30,268 on Jun 26, 2023. On Jun 25, 2026 it closed at $59,794, a return of +97.5%. SPY returned +76.7% over the same window. The call was that it would fall.

Why: 5 years

Not yet resolved. The window closes Jun 24, 2028.

What was said around it

ETFs currently listed in the United States these ETFs invest in paper contracts on regulated U.S Futures exchanges in other words they invest in Bitcoin synthetically through instruments tied to bitcoin's Future price not BTC itself this is why the leveraged Bitcoin Futures ETF the SEC recently approved will have no direct impact on btc's price all it will do is send a signal to institutional investors that the SEC is open to approving crypto related investment instruments which is surprising given the regulator's recent crypto scrutiny it's also possible that the listing of this leveraged Bitcoin Futures ETF could Mark the local top for btc's Price this is because the listing of Bitcoin Futures on the CME occurred around the BTC top in 2017 and the listing of the first Futures Bitcoin ETF occurred around the BTC top in 2021. now this correlation could be a coincidence but there's some science to it BTC needs a bullish Catalyst for a blow off top and it just so happens that the listing of these investment instruments were such catalysts this makes the sec's decision to approve the leveraged Bitcoin Futures ETF that much odder in case you haven't noticed we're not exactly in a crypto

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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