On April 18, between 01:00 and 05:00 UTC, there was a significant – nearly 9% – drop in the price of BTC.
Was the decline predictable?
The 24-hour “Sentistocks” prediction prepared at 15:00 UTC on April 17 predicted a downward trend in the price of BTC.
Subsequent predictions in 8- and 4-hour intervals confirmed this trend, even indicating the time frame in which a significant change in the price may occur.
As a reference to which the direction and strength of the predicted trend was compared, a simple parameter from technical analysis was adopted, which is the moving average determined for the close price (SMA).
Prediction in the 8-hour interval
As you can see, the prediction in the 8-hour interval indicated that a significant drop in the price could occur between 23:00 and 07:00 UTC.
Prediction in the 4 hours interval
The prediction in the 4-hour interval detailed the time frame of the predicted change in the BTC price to 03:00 – 07:00 UTC.
Prediction in the 1-hour interval
As the prediction in the 1-hour interval shows, the predicted declines started as early as 00:00 and further on the largest decline was predicted for 04:00 – 05:00 UTC.
All these predictions were confirmed by the actual BTC rates traded on April 18 from 00:00 to 05:00 UTC.