Full record
HitmarketsBitcoin undergoes a ~30% correction going into summer 2024 (roughly $73-75k down to $50-52k)
A scored prediction by Benjamin Cowen, made on .
Scored prediction
Hitmarkets“I do think there is a strong case to be made that going into the summer you see a 30% correction”
Bitcoin undergoes a ~30% correction going into summer 2024 (roughly $73-75k down to $50-52k)
- Made on
- 2024-04-14
- Outcome
- Hit
- Importance
- 3 / 5
- Effect on score
- +2.27
What counted as right
- Status
- resolved
- Settled on
- 2024-08-05
BTC/USD registers a peak-to-trough decline of >=30% (e.g. ~73-75k to ~50-52k) at some point during summer 2024 (by 2024-09-21).
Criterion (peak-to-trough decline >=30% during summer 2024, by 2024-09-21) is met: ~$73.8k (Mar 14) to ~$49.6k (Aug 5) = ~33%. No outcome value assigned.
Sources
Bitcoin: Dubious Speculation
YouTube ·
Evidence of what happened
BTC set its cycle high of $73,737-73,794 on 2024-03-14, then fell to a summer low of ~$49,577-49,784 on 2024-08-05 (its lowest since February), a peak-to-trough decline of ~33% — meeting the >=30% threshold squarely within the summer window (before 2024-09-21), and closely matching the record's illustrative ~$73-75k -> ~$50-52k range.
Independent confirmation of the March 14 ~$73,750 ATH and the ~$49,784 August 2024 low, describing the March-August span as a consolidation/correction phase.
An interim July leg also confirms summer weakness: BTC dipped below $54,000 around 2024-07-05 during the German-government/Mt.Gox selloff, en route to the August trough.
Corrections
No public corrections.
Effect on the score
+2.27- How sure they sounded
- 65%
- 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 undergoes a ~30% correction going into summer 2024…- Methodology version
- v1.0.0
- Last computed
- August 2, 2026
- Made on
- 2024-04-14
How this profile was built
Scored by independent judges
Predictions gathered and sourced
Independently verified against sources