BTC Community Has a Notable 84.55% Accuracy Rate on June 30

Cryptocurrency community with 85% history accuracy rate sets BTC Price for June 30

In an exciting change of events, Bitcoin (BTC) has staged a tremendous rebound in 2023 following a turbulent ride the previous year.

Despite experiencing unpredictable swings and regulatory hurdles, Bitcoin has demonstrated incredible resilience and increased investor enthusiasm.

However, the world's most popular cryptocurrency has recently seen significant selling pressure as the SEC's legal efforts against key exchanges like Binance and Coinbase put a shadow of doubt over the future of cryptocurrencies.

Finbold tapped the crypto community on CoinMarketCap on June 14 to gain fresh insights, utilizing its popular price estimate solution, with the BTC community having an impressive accuracy rate of 85.56% in predicting the digital assets performance over the past six months to gauge its price by the end of the month.

The community anticipates an average Bitcoin price of US$26,087 by June 30, 2023, implying a 4.45% reduction from the coin's present worth.

The most recent forecast for the end of May 2023 was 91.14% accurate.

Bitcoin (BTC) price analysis

BTC was changing hands at US$26,952 at the time of publishing on Wednesday, June 14, down 0.78% for the day.

According to the most recent price statistics, BTC has lost 5.6% and 7.3% in the last week and month, respectively. The leading cryptocurrency has had a considerable trading range in the previous 30 days, from US$26,596 to US$28,263.

Despite the recent poor price movement, Moustache, a pseudonymous crypto researcher, pointed out that Bitcoin trades above its exponential moving average (EMA) on 20 observed time frames, suggesting bars in its Bollinger Band width percentile (BBWP). Bitcoin is following in the footsteps of previous big bull runs.