Polish encryption analyst apologizes for failing to predict Bitcoin's "Santa Rally" market.

Robert Ruszała, a well-known Polish market analyst known as “El Profesor,” publicly apologized, admitting that his Bitcoin prediction plan was incorrect, and released a detailed analytical report explaining the reasons for his prediction failure.

He initially released a forecast report titled “The Plan,” which depicted a Bitcoin upward trajectory based on market fractals, the 50-week moving average, and the seasonal fluctuations commonly referred to as the “Santa Rally.” According to his model, Bitcoin is expected to maintain an upward trend and provide long opportunities at specific technical levels.

However, the market negated this prediction in just three weeks. Bitcoin fell below a key area, completely overturning the previous upward structure.

On November 21, Lusala directly responded to the failed transaction, stating: “I failed… I sincerely apologize to everyone who followed my plan. I know where I went wrong.”

Lusala then explained that he always prepares for two scenarios - bullish and bearish. The first scenario drops from about $116,000 to $94,700. A larger drop triggered his bearish expectations. He emphasized that reacting to market changes is more important than sticking to a single direction.

Afterwards, Rusala released a technical analysis report explaining the mistake. He pointed out that he had incorrectly ranked the probabilities of several indicators. He said that it was this ranking error that led him to misjudge the potential trend of Bitcoin. (BeinCrypto)