Full record
HitmarketsDuring 2023 Bitcoin's price action will whipsaw both bulls and bears, delivering sharp two-directional moves that inflict losses on both long and short positioning.
A scored prediction by Benjamin Cowen, made on .
Scored prediction
Hitmarkets“2023 is the year that both sides likely get wrecked okay and clearly it's the Bears who are getting wrecked first”
During 2023 Bitcoin's price action will whipsaw both bulls and bears, delivering sharp two-directional moves that inflict losses on both long and short positioning.
- Made on
- 2023-01-29
- Outcome
- Hit
- Importance
- 2 / 5
- Effect on score
- +1.84
What counted as right
- Status
- resolved
- Settled on
- 2023-12-31
Within calendar 2023, Bitcoin registers at least one rally of ≥20% off a local low (trapping/hurting shorts) AND at least one drawdown of ≥20% off a local high (trapping/hurting longs), i.e. a demonstrably two-sided, whipsaw year rather than a one-directional trend.
Criterion requires ≥1 rally ≥20% off a local low AND ≥1 drawdown ≥20% off a local high within 2023. Both are satisfied multiple times: Jan low ~$16.5k → Feb ~$25.2k (+~52%) satisfies the short-trapping rally; Feb ~$25.2k → March SVB low ~$19.6k (-~22%) satisfies the long-trapping drawdown. Clear two-sided/whipsaw year.
Sources
Bitcoin: Comparing the Cycles
YouTube ·
Evidence of what happened
2023 was demonstrably two-sided. Bitcoin opened ~$16,540 (Jan 1) and rallied to ~$25,200 by mid/late February (+50%+ off the low, hurting shorts), then sold off sharply into the March 2023 SVB/banking crisis to ~$19,600 (roughly -22% off the February local high, hurting longs), before whipsawing back above $28,000. Additional two-sided moves followed: a July local high near $31,000 fading to a ~$24,900 September low, then a Q4 rally to a December high of ~$44,700.
Yearly recap: BTC 2023 low ~$16,500 (early Jan), high ~$44,705 (December), closing ~$42,300 — a year of large moves in both directions rather than a single one-directional trend.
Corrections
No public corrections.
Effect on the score
+1.84- How sure they sounded
- 80%
- Outcome
- Hit
- Importance
- 2 / 5
This page shows the scored prediction as published; the site doesn't recompute or adjust the score.
Where this came from
During 2023 Bitcoin's price action will whipsaw both bulls…- Methodology version
- v1.0.0
- Last computed
- August 2, 2026
- Made on
- 2023-01-29
How this profile was built
Scored by independent judges
Predictions gathered and sourced
Independently verified against sources