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Monte Carlo Simulation on Bitcoin Price: It Predicted the BTC Price Six Months Later – Here are the Results

Monte Carlo Simulation on Bitcoin Price: It Predicted the BTC Price Six Months Later – Here are the Results
Cryptocurrency analytics firm MarktQuant has conducted a Monte Carlo simulation to forecast the price of Bitcoin over the next six months. The simulation shows a wide range of possible outcomes, with an average final price of $258,445.24. The simulation also indicates a potential worst-case scenario of the price falling to $51,430.23 and a best-case scenario of the price reaching $712,118.81. The Monte Carlo simulation is based on historical volatility and other market factors and aims to estimate the probability of different price outcomes, rather than making a specific prediction.

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