Prediction record
HitcryptoBitcoin will face its main resistance at $70,000–$71,000 over the next roughly two weeks (through approximately August 5, 2024) — a rally will stall there rather than durably break above $71,000.
A scored record for Benjamin Cowen, made on .
Scored record
Hitcrypto“the main resistance will be at around 70k maybe even all the way as high as 71k depends on how you draw the trend line right but somewhere between 70 to 71k I guess is probably the the main resistance level for Bitcoin for the next couple of weeks”
Bitcoin will face its main resistance at $70,000–$71,000 over the next roughly two weeks (through approximately August 5, 2024) — a rally will stall there rather than durably break above $71,000.
- Made on
- 2024-07-22
- Outcome
- Hit
- Importance
- 2 / 5
- Contribution
- +1.84
Criterion
- Resolution status
- resolved
- Resolved on
- 2024-08-05
Through ~2024-08-05, BTC fails to durably (multi-day) close above $71,000; a rally into the $70k–$71k zone is rejected.
Criterion required BTC to fail to durably (multi-day) close above $71,000 through ~2024-08-05, with a rally into the $70k–$71k zone rejected. Multiple independent price sources confirm BTC never closed above $71,000 in this window; it peaked in the ~$66k–$70k range (July 29 close ~$66,816) before rolling over. By Aug 5 the market had crashed to ~$49k on the yen carry-trade unwind. The written resistance/rejection criterion is unambiguously satisfied. No conflicting credible evidence found. (Evidence only — no outcome value assigned or scored.)
Sources
Bitcoin: Bull Market Support Band
YouTube ·
Outcome evidence
Bitcoin traded within a $55k–$70k range through late July 2024 and closed July at $64,619 (July 31); the $70k level acted as resistance. BTC never durably closed above $71,000 in the July 22–Aug 5 window.
Bitcoin closed July 29, 2024 at ~$66,816 (a down day), showing the late-July rally toward the ~$70k zone was rejected well below $71,000.
On Aug 1, 2024 BTC fell ~3.7% to ~$63,144 as recession fears emerged, and on Aug 5, 2024 it crashed (BoJ rate hike / yen carry-trade unwind), wicking as low as ~$49k — far below the $70k–$71k resistance zone. The resistance held for the full window.
Corrections
- tags: Bitcoin price/level call is 'crypto' primary carrying 'markets' secondary per the dictionary.
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 will face its main resistance at $70,000–$71,000 ov…- Methodology version
- v1.0.0
- Last computed
- July 18, 2026
- Made on
- 2024-07-22
How this profile was built
Scored by independent judges
Predictions gathered and sourced
Independently verified against sources