100% Forecasting Accuracy of the Bitcoin Price through the Wisdom of the Crowd
A week ago I have published the first forecast .
So far, the crowd on the freebitco.in website (the longest running and most reliable bitcoin faucet) has twice predicted the correct bitcoin price range for the end of the month.
The BTC price betting always closes 7 days before the end of the month.
The June bets are currently open and the predictions on June 9, 2021:
| Price | Bets | Percentage |
|---|---|---|
| 35001-40000 | 2997 | 21.41 % |
| 42501-45000 | 1666 | 11.90 % |
| 40001-42500 | 1406 | 10.04 % |
June 2, 2021:
| Price | Bets | Percentage |
|---|---|---|
| 35001-40000 | 1600 | 18.13 % |
| 42501-45000 | 975 | 11.05 % |
| 30001-35000 | 918 | 10.40 % |
On 26.05.2021 the tops bet were:
| Price | Bets | Percentage |
|---|---|---|
| 42501-45000 | 364 | 14.07 % |
| 35001-40000 | 331 | 12.79 % |
| 47501-50000 | 225 | 8.70 % |
Clear favorite is the 35 001 to 40 000 USD Range.
Today bitcoin is trading in the price range between 35 500 – 37 500 USD.
Overall sentiment is slight leaning more towards a lower price. Now 27.2% expect a lower price by the end of the month.
The percentage of participants who predicted a price below 5 000 USD has decreased from 1.38 % to 1.26 % and increased for a price above 1 Million USD from 1.04 % to 1.15% for the end of June.
You can view the current price predictions here (Referral Link):
How to navigate to all the current BTC June Bets :
Main Menu select Betting
I will revisit the forecast next week and give an update again.