Full record

Hitcrypto

If Bitcoin breaks below $33k, it falls to approximately $29k (the summer-2021 lows)

A scored prediction by Benjamin Cowen, made on .

VideoQuote from the original sourcecryptomarkets

Scored prediction

Hitcrypto

if we go below the the prior low of 33k i i think it stands to reason that the most likely stop next would be you know would be the summer low right so around 29k

If Bitcoin breaks below $33k, it falls to approximately $29k (the summer-2021 lows)

Made on
2022-02-24
Outcome
Hit
Importance
3 / 5
Effect on score
+2.76

What counted as right

Status
resolved
Settled on
2022-05-09

Conditional on BTC trading below $33,000: BTC subsequently reaches ~$29,000 (±) at least once within the horizon window.

Conditional fully satisfied within the horizon (2022-02-24 to 2025-02-24). BTC broke below $33k in early May 2022 and reached ~$29,870 on 2022-05-09, matching the ~$29k / summer-2021-lows target (prior sub-$30k was 2021-07-20 at ~$29,301). BTC then continued far below (~$17,600 in June 2022), which exceeds but does not conflict with the 'reaches ~$29k at least once' criterion. resolved_on = 2022-05-09, the day both the $33k break and the ~$29k target were realized. No outcome value (o) assigned per stage separation.

Sources

  • Bitcoin: A Lower Low Ahead?

    YouTube ·

    Source

Evidence of what happened

  • Bitcoin fell below $30,000 to ~$29,870 around 8pm EST on 2022-05-09, a 10-month low, amid a broad risk-asset sell-off. Prior sub-$30k print was 2021-07-20 (~$29,301, the summer-2021 lows referenced in the claim). This confirms both the trigger (break below $33k) and the target (~$29k reached).

    Evidence

  • CNBC: Bitcoin briefly dropped below $30,000 on 2022-05-10 (down >56% from its ~$69k ATH), confirming the mid-May 2022 breakdown through the $33k level toward the summer-2021 lows.

    Evidence

  • Forbes: 'Bitcoin Just Dropped Below $30,000' (2022-05-09) — contemporaneous confirmation of the sub-$30k print, i.e. BTC reaching the ~$29k region referenced by the claim.

    Evidence

Corrections

  • conditional condition met: Antecedent (BTC below its $33k prior low) objectively occurred within the window per resolution evidence; a resolved conditional whose trigger fired records condition_met=true.
  • tags: Cryptocurrency price bet → crypto primary, markets secondary.

Effect on the score

+2.76
How sure they sounded
80%
Outcome
Hit
Importance
3 / 5

This page shows the scored prediction as published; the site doesn't recompute or adjust the score.

Where this came from

If Bitcoin breaks below $33k, it falls to approximately $29…
Methodology version
v1.0.0
Last computed
August 2, 2026
Made on
2022-02-24

How this profile was built

  1. Scored by independent judges

  2. Predictions gathered and sourced

  3. Independently verified against sources

Every public score traces back to sourced prediction records.

Avow is an independent project. The pundits scored here are not affiliated with Avow and do not endorse it. Names and likenesses are used for identification and commentary.

Evidence firstMethodologyPrivacy