Coin Bureau: BTC will fall to $43,000

Said on May 8, 2024, at 2:27 in the video.

What was said
Coin Bureau

@coinbureau

“the authors point out that btc's price has quote maintained a healthy gap between itself and both the short-term support level of $662,500 and $433 43 well with the 62k level now out of the window we'd better be keeping an eye on that 43k support”
Watch at 2:27Watch This If You Hold BTC & ETH!! Crypto Price Report!
PredictionBTCwill fall to $43,000Checked at fixed windows, from 30 days to 5 years
What happenedafter 1 year
Incorrect

Entry price (first close after the video)

$61,193

May 8, 2024

Price at close

$103,262

May 8, 2025

Return

+68.7%

BTC was $61,193 on May 8, 2024. The target was $43,000. Between then and May 8, 2025 the low was $49,000, so the level was not reached.

30 days

Incorrect

90 days

Incorrect

180 days

Incorrect

1 year

Incorrect

The window it was checked over

BTCWindow checkedTarget named
$20,000$40,000$60,000$80,000$100,000$120,000Nov 2023Mar 2024Jul 2024Nov 2024Mar 2025Jul 2025Target $43,000Said on May 8, 2024
$20,000$40,000$60,000$80,000$100,000$120,000Nov 2023May 2024Dec 2024Jul 2025Target $43,000Said on May 8, 2024

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 v4Incorrect$61,193May 8, 2024$69,356Jun 7, 2024+13.3%—
90 daysR-PT v4Incorrect$61,193May 8, 2024$56,022Aug 6, 2024−8.5%—
180 daysR-PT v4Incorrect$61,193May 8, 2024$67,850Nov 4, 2024+10.9%—
1 yearR-PT v4Incorrect$61,193May 8, 2024$103,262May 8, 2025+68.7%—
3 yearsR-PT v4Pending——May 8, 2027——
5 yearsR-PT v4Pending——May 7, 2029——
Why: 30 days

BTC was $61,193 on May 8, 2024. The target was $43,000. Between then and Jun 7, 2024 the low was $60,187, so the level was not reached.

Why: 90 days

BTC was $61,193 on May 8, 2024. The target was $43,000. Between then and Aug 6, 2024 the low was $49,000, so the level was not reached.

Why: 180 days

BTC was $61,193 on May 8, 2024. The target was $43,000. Between then and Nov 4, 2024 the low was $49,000, so the level was not reached.

Why: 1 year

BTC was $61,193 on May 8, 2024. The target was $43,000. Between then and May 8, 2025 the low was $49,000, so the level was not reached.

Why: 3 years

Not yet resolved. The window closes May 8, 2027.

Why: 5 years

Not yet resolved. The window closes May 7, 2029.

What was said around it

moving average From Below which typically signals many green days head the authors note that while the 50-day average was tested throughout January the price remains around 15% above it to their credit they note that this could be a level where we see some significant pullback and this has already played out because between the day this report was published and the day we're shooting this video BTC has fallen by over 15% safe to say they got that one spot on then with that said the authors point out that btc's price has quote maintained a healthy gap between itself and both the short-term support level of $662,500 and $433 43 well with the 62k level now out of the window we'd better be keeping an eye on that 43k support not Financial advice of course what sticks out though is the chart which shows a clear pattern in the 50-day SMA as you can see here the last two rallies look ear cly similar and we sh a pretty sharp pullback on both occasions as the saying goes history doesn't repeat but it does Rhyme now the final short-term indicator to look at is bitcoin's realized price for reference this measures the average cost that holders paid to obtain their BTC which the author's note is around

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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