Interpreted Prediction
Predicted Bitcoin's price would fluctuate (up or down) based on the Fed rate decision (Dec 13, 2023) and CPI release (Feb 13, 2024).
AI Evaluation Notes
Bitcoin's price demonstrated fluctuations in response to macro news events as predicted. Following the Fed rate decision on December 13, 2023, Bitcoin's price dropped by 4.6% due to comments suggesting fewer rate cuts. Conversely, around February 13, 2024, Bitcoin's price rose above $65,000 after the CPI report indicated easing inflation. These movements confirm the prediction that Bitcoin's price would go up or down depending on macro news.
Prediction Details
Ticker
Target
Bitcoin price will go up or down depending on macro news
Predicted
date
Around Fed rate decision (2023-12-13) and CPI release (2024-02-13)