Bitcoin Price Predictions by the Wisdom of the Crowd for End of June is?
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 now closed and on June 24, 2021 the final predictions are:
| Price | Bets | Percentage |
|---|---|---|
| 35001-40000 | 2997 | 38.35 % |
| 30001-35000 | 1666 | 28.40 % |
| 40001-42500 | 1406 | 15.91 % |
June 17, 2021:
| Price | Bets | Percentage |
|---|---|---|
| 35001-40000 | 2997 | 23.21 % |
| 30001-35000 | 1666 | 12.4 % |
| 40001-42500 | 1406 | 11.95 % |
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 even though the bitcoin price was below this range when the bets closed
Today bitcoin is trading in the price range between 30 000 – 32 000 USD.
Let’s see if this positive forecast will be correct again.
The overall sentiment is slightly leaning more towards a higher price. Now 75.65% expect a higher price by the end of the month.
The percentage of participants who predicted a price below 5 000 USD has increase from 0.99 % to 01.28 % and increased for a price above 1 Million USD from 1.82 % to 2.73% for the end of June.
I will revisit the forecast next week and give an update again.