Full record
HitcryptoBitcoin finds a local bottom and bounces from support in the ~$27,000–$32,000 range
A scored prediction by Benjamin Cowen, made on .
Scored prediction
Hitcrypto“Somewhere between, you know, 27 to, you know, to the low 30s.”
Bitcoin finds a local bottom and bounces from support in the ~$27,000–$32,000 range
- Made on
- 2022-05-08
- Outcome
- Hit
- Importance
- 3 / 5
- Effect on score
- +2.86
What counted as right
- Status
- resolved
- Settled on
- 2023-10-23
BTC prints a local low within $27,000–$32,000 and bounces off it (reversal ≥15%) within the window.
Over the 3-year window (to 2025-05-08) BTC repeatedly traded through the $27k-$32k band with >15% swings; the cleanest dated in-range local-low-plus-≥15%-bounce is the Oct-2023 spot-ETF rally (~$27k → ~$35k), used for resolved_on. Caveat for quantify: exact tick-level lows around band edges (some 2022-2023 lows dipped just below $27k, e.g. ~$25.4k May 2022, ~$24.8k June 2023) were assessed from documented daily history, not proprietary tick data; the qualifying instance cited is well inside the reversal threshold. No outcome value assigned.
Sources
Bitcoin: Finding A Local Bottom
YouTube ·
Evidence of what happened
In Oct 2023 BTC consolidated in the ~$26k-$28k zone, then rallied on spot-ETF anticipation (Grayscale court win + BlackRock/Fidelity filings), clearing ~$31,000 on 2023-10-23 and reaching ~$35,000 by late October — a >20% reversal off a local low near/within the $27,000-$32,000 band. Satisfies 'local low in $27,000-$32,000 with a ≥15% bounce' within the window.
Context on the initial (near-prediction) move: in May 2022 BTC sliced THROUGH the $27k-$32k band down to ~$25,400 (2022-05-12, Terra/LUNA collapse) before a partial end-of-May bounce toward ~$31.7k, i.e. the very first test did not hold as a clean bounce inside the band.
Corrections
- tags: TAG_DICTIONARY: BTC price bet is 'crypto' (primary) + 'markets' (secondary).
Effect on the score
+2.86- How sure they sounded
- 85%
- 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
Bitcoin finds a local bottom and bounces from support in th…- Methodology version
- v1.0.0
- Last computed
- August 2, 2026
- Made on
- 2022-05-08
How this profile was built
Scored by independent judges
Predictions gathered and sourced
Independently verified against sources