ilmscore | Prediction Details
By Benjamin Cowen | December 16, 2024 | Correct
Interpreted Prediction
Predicted that Bitcoin will get a correction after the Fed's rate cut, expected in the week of December 16, 2024.
AI Evaluation Notes
The prediction was that Bitcoin would correct after the Fed rate cut. The Fed did cut rates on December 18, 2024. Bitcoin's price on December 16, 2024, was around $106,029.72, having reached an all-time high of $106,488.25 earlier that day. While the market initially dropped nearly 3% after the Fed's announcement, it began to recover the next day. Bitcoin's price experienced a minor correction, but overall, the prediction was somewhat accurate as there was a short-term dip after the rate cut.

Prediction Details

Ticker
Target
Gets a correction
Predicted date
Week of Dec 16, 2024
Price at the predicted date
106,029.72 USD

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