Coin Bureau: BTC will fall to $20,000

Said on May 29, 2022, at 5:56 in the video.

What was said
Coin Bureau

@coinbureau

“until then btc could fall by up to 50 percent from its current price point specifically down to 20k”
Watch at 5:56When Will The Crypto Bear Market End?! BEST Predictions!
PredictionBTCwill fall to $20,000Checked at fixed windows, from 30 days to 5 years
What happenedafter 1 year
Correct

Entry price (first close after the video)

$29,468

May 29, 2022

Price at close

$27,736

May 29, 2023

Return

−5.9%

BTC was $29,468 on May 29, 2022. The target was $20,000. Between then and May 29, 2023 the low was $15,476, so the level was reached.

30 days

Correct

90 days

Correct

180 days

Correct

1 year

Correct

The window it was checked over

BTCWindow checkedTarget named
$10,000$20,000$30,000$40,000$50,000$60,000Nov 2021Mar 2022Jul 2022Nov 2022Mar 2023Jul 2023Target $20,000Said on May 29, 2022
$10,000$20,000$30,000$40,000$50,000$60,000Nov 2021Jun 2022Jan 2023Jul 2023Target $20,000Said on May 29, 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-PT v4Correct$29,468May 29, 2022$20,281Jun 28, 2022−31.2%—
90 daysR-PT v4Correct$29,468May 29, 2022$20,038Aug 27, 2022−32.0%—
180 daysR-PT v4Correct$29,468May 29, 2022$16,522Nov 25, 2022−43.9%—
1 yearR-PT v4Correct$29,468May 29, 2022$27,736May 29, 2023−5.9%—
3 yearsR-PT v4Correct$29,468May 29, 2022$107,782May 28, 2025+265.8%—
5 yearsR-PT v4Pending——May 28, 2027——
Why: 30 days

BTC was $29,468 on May 29, 2022. The target was $20,000. Between then and Jun 28, 2022 the low was $17,622, so the level was reached.

Why: 90 days

BTC was $29,468 on May 29, 2022. The target was $20,000. Between then and Aug 27, 2022 the low was $17,622, so the level was reached.

Why: 180 days

BTC was $29,468 on May 29, 2022. The target was $20,000. Between then and Nov 25, 2022 the low was $15,476, so the level was reached.

Why: 1 year

BTC was $29,468 on May 29, 2022. The target was $20,000. Between then and May 29, 2023 the low was $15,476, so the level was reached.

Why: 3 years

BTC was $29,468 on May 29, 2022. The target was $20,000. Between then and May 28, 2025 the low was $15,476, so the level was reached.

Why: 5 years

Not yet resolved. The window closes May 28, 2027.

What was said around it

unlikely for reasons we'll get into later the second possibility is that the crypto bear market began back in november and if that's the case then we have around another six to 12 months before prices start to pick up again the third possibility is that the crypto bear market did in fact begin when terror collapsed a couple of weeks ago and if that's the case then we have another 12 to 18 months of bear market ahead of us now this third possibility seems to be the most likely and that's because the next bitcoin halving is roughly two years away until then btc could fall by up to 50 percent from its current price point specifically down to 20k however this all assumes that the four-year crypto market cycle is still correct and this has been called into question by many experts especially after the famous bitcoin stock to flow model was invalidated link in the description if you want to learn more about that stock to flow model anyhow if you're wondering why bitcoin's stock to flow model was invalidated the short answer is institutional investors during the last bull market btc became a part of many institutional portfolios this is thanks to the approval of institutional investment vehicles

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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