Full record
HitcryptoBitcoin's daily RSI will pull back materially within the coming weeks
A scored prediction by Benjamin Cowen, made on .
Scored prediction
Hitcrypto“good chance at some point in the coming weeks you're going to see the daily RSI come come down in a material fashion whether the price goes down or whether we get to some level and go sideways”
Bitcoin's daily RSI will pull back materially within the coming weeks
- Made on
- 2023-01-16
- Outcome
- Hit
- Importance
- 2 / 5
- Effect on score
- +1.51
What counted as right
- Status
- resolved
- Settled on
- 2023-03-10
Bitcoin's daily RSI declines materially (cools off from its elevated Jan-2023 reading) within roughly the following weeks/3 months.
RSI is a deterministic function of price and cannot be sourced as an independent series here, but the material pullback is unambiguous from the price record: the mid-March 2023 correction to ~$19,600 necessarily drove the daily RSI down materially from its elevated Jan-2023 reading, well within the ~3-month/April-16 window. Resolves in favor of the prediction; the exact RSI-value verification is noted as inferred-from-price rather than directly quoted.
Sources
Bitcoin: Relative Strength Index
YouTube ·
Evidence of what happened
After BTC surged from ~$16,500 (early Jan 2023) to ~$21,000 by mid-Jan, the daily RSI was extremely overbought. Within the following weeks BTC consolidated and then pulled back sharply during the March 2023 SVB/Signature banking crisis, dipping to roughly $19,600 around March 10, 2023 before recovering — a decline that materially cooled the elevated daily RSI.
Price path over Jan–Apr 2023: rally into ~$25,000 (late Feb), then a material correction to the ~$19,600 area (mid-March) before rebounding, confirming a genuine cooling-off from the January extreme within the ~3-month window.
Corrections
- tags: Subject is Bitcoin (its daily RSI); crypto-vs-markets rule → `crypto` primary, `markets` secondary.
Effect on the score
+1.51- How sure they sounded
- 65%
- 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
Bitcoin's daily RSI will pull back materially within the co…- Methodology version
- v1.0.0
- Last computed
- August 2, 2026
- Made on
- 2023-01-16
How this profile was built
Scored by independent judges
Predictions gathered and sourced
Independently verified against sources