Correct Bitcoin BTC Price Prediction through the Wisdom of the Crowd?
As research has shown again and again Crowds can be good at guessing the correct results.
Lately this was also the case for the bitcoin price at the end of April 2021.
Visitors of the freebitco.in website (the longest running and most reliable bitcoin faucet) can bet on the btc price for the end of each month. The BTC price betting always closes 7 days before the end of the month.
The majority predicted the correct bitcoin price range of 57 501-60 000 USD for the end of April 2021 while the price on the last day of the bet was at around 51 000 USD.
The betting for the bitcoin price range end of may has ended. Let’s see if the wisdom of the crowd correctly predicts the outcome again.
The June bets is open and currently the predictions are:
Price Bets
42501-45000 364 14.07%
35001-40000 331 12.79%
47501-50000 225 8.70%
Today bitcoin is trading in the price range between 37 501 – 40 000 USD.
1.35 % predict a price below 5 000 USD and yet 1.28 % see a price above 1 Million USD for the End of June 2021.
The overall current sentiment of the crowd is 79.6 % for the price to be at the same or higher level.
You can view the current predictions here (Referral Link):
https://freebitco.in/r?r=3334909
My Auto Share Settings at maximum:
How to Navigate to the BTC Bet:
Main Menu select Betting
In the Categories select Cryptocurrencies
If you want to see the last cryptocurencies bets go to the category Expired:
I will revisit the forecast next week and give an update.