Although Bitcoin (BTC) is struggling to retake the $43,000 price level, its crossing into the $40k region is important to begin with. However, machine learning and artificial intelligence (AI) algorithms are bearish, predicting it will lose this critical threshold by the end of next month.
Indeed, the price of Bitcoin could decline during February, dropping to $38,699 by February 29, 2024, at least according to the advanced algorithms deployed by the cryptocurrency and stock monitoring and prediction platform CoinCodex, as per the latest data retrieved by Finbold on February 1.
Bitcoin 1-month price prediction. Source: CoinCodex
Specifically, if the above projections, calculated with the help of the historical Bitcoin price dataset and accounting for the cyclical nature of its halvings, are correct, it would mean that the price of the maiden crypto asset would decrease by 8.28% from where it stood at the time of publication.
Bitcoin price analysis
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We współpracy z: https://finbold.com/machine-learning-algorithm-predicts-bitcoin-price-on-february-29-2024/
