Prediction record
HitcryptoBitcoin will experience a significant crash/retracement during 2023
A scored record for Benjamin Cowen, made on .
Scored record
Hitcrypto“Bitcoin will crash you know we know that it's going to crash on our route to six figures over the next say three years”
Bitcoin will experience a significant crash/retracement during 2023
- Made on
- 2020-05-10
- Outcome
- Hit
- Importance
- 3 / 5
- Contribution
- +2.99
Criterion
- Resolution status
- resolved
- Resolved on
- 2023-09-11
Bitcoin experiences a significant decline (peak-to-trough ≥20%) at some point during calendar 2023.
A peak-to-trough decline of ≥20% occurred within calendar 2023 (July ~$31.8k high → Sept ~$24.9k trough ≈ 22%). resolved_on set to ~2023-09-11 when the qualifying trough was reached. Criterion (a significant ≥20% retracement at some point during 2023) is satisfied on the factual record; outcome value deferred to scoring.
Sources
Bitcoin: Hold the line!
YouTube ·
Outcome evidence
Bitcoin rallied to a mid-2023 high near $31,800 in July 2023, then fell sharply in mid-August 2023 (a ~10% single-day drop on 2023-08-17) to below $25,500, bottoming near $24,900–$25,000 in early-to-mid September 2023. Peak-to-trough decline ≈ 21–22%, exceeding the ≥20% threshold.
Binance Square / market coverage confirms the 2023-08-17 crypto market crash drove BTC from the low-$30k range down toward $25k, attributed to rising US bond yields and regulatory pressure.
A second qualifying retracement also occurred: Bloomberg (2023-12-11) reports a sudden 7.5% drop toward $40,000, part of a wider selloff after the December high — a smaller but corroborating within-year decline.
Corrections
- tags: Bitcoin price/crash call: 'crypto' primary, 'markets' secondary.
Score contribution
+2.99- Confidence
- 97%
- Outcome
- Hit
- Importance
- 3 / 5
- Contribution
- +2.99
This page displays the scored record as published; the website doesn't recompute or adjust the score.
Provenance
Bitcoin will experience a significant crash/retracement dur…- Methodology version
- v1.0.0
- Last computed
- July 18, 2026
- Made on
- 2020-05-10
How this profile was built
Scored by independent judges
Predictions gathered and sourced
Independently verified against sources