Prediction record
HitcryptoBitcoin breaks above the Bull Market Support Band at some point in 2023.
A scored record for Benjamin Cowen, made on .
Scored record
Hitcrypto“in 2023 in fact we will likely break above the the this resistance band right at some point this year I think we'll break above it”
Bitcoin breaks above the Bull Market Support Band at some point in 2023.
- Made on
- 2023-01-11
- Outcome
- Hit
- Importance
- 2 / 5
- Contribution
- +1.84
Criterion
- Resolution status
- resolved
- Resolved on
- 2023-01-22
Bitcoin closes above the Bull Market Support Band (20-week SMA / 21-week EMA) at some point during 2023.
Criterion (BTC closes above the 20W SMA / 21W EMA band at any point in 2023) is unambiguously satisfied. The reclaim occurred in mid-to-late January 2023 when weekly closes moved from ~$16.6k up through the ~$19–20k band into the $22–23k range; BTC then trended far above the band for most of the year (peaking ~$44k in December 2023). resolved_on set to 2023-01-22, the weekend/weekly close confirming the break above the band; the exact first weekly-close date is band-dependent but any 2023 close-above satisfies the criterion regardless. No conflicting credible evidence found.
Sources
Bitcoin Bull Market Support Band
YouTube ·
Outcome evidence
Bitcoin opened 2023 at ~$16,625 (Jan 1 close) and rallied ~39% through January, briefly topping $23,100–$23,333 by Jan 21–23. The Bull Market Support Band (20W SMA / 21W EMA) sat near $19–20k at the time, so the weekend/weekly closes in the $22–23k range put BTC decisively above the band — a reclaim from below for the first time since mid-2022.
Fortune: Bitcoin's weekend rally pushed it above $23,000, capping a stellar start to 2023 and confirming price held well clear of the ~$20k support-band region.
Retrospective describing BTC 'reclaiming the Bull Market Support Band around $20,000 by January 2023,' then advancing to ~$23k at 30 days, ~$26k at 60 days (SVB collapse), and clearing $30k by the 90-day mark — a sustained move that kept BTC above the band through 2023.
Corrections
No public corrections.
Score contribution
+1.84- Confidence
- 80%
- Outcome
- Hit
- Importance
- 2 / 5
- Contribution
- +1.84
This page displays the scored record as published; the website doesn't recompute or adjust the score.
Provenance
Bitcoin breaks above the Bull Market Support Band at some p…- Methodology version
- v1.0.0
- Last computed
- July 18, 2026
- Made on
- 2023-01-11
How this profile was built
Scored by independent judges
Predictions gathered and sourced
Independently verified against sources