Polish market analyst Robert Ruszała, known as El Profesor, has publicly apologized after his Bitcoin 'Santa Rally' forecast failed to materialize. Ruszała's prediction, which anticipated a bullish trend for Bitcoin based on market fractals and the 50-week EMA, was invalidated within three weeks as Bitcoin prices fell below key levels.
Ruszała addressed the error on November 21, acknowledging his mistake and explaining that he had prepared both bullish and bearish scenarios. The market's deeper decline activated his bearish outlook, prompting him to reassess his initial analysis. He published a detailed breakdown of his error, highlighting the misordering of indicators that led to his incorrect forecast. His transparency has been praised by some traders, emphasizing the importance of adapting to market changes.
Polish Analyst Apologizes for Failed Bitcoin 'Santa Rally' Prediction
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