With the last month of 2022 underway, the cryptocurrency sector is still trying to recover from the consequences of the devastating collapse of the crypto exchange platform FTX, which also affected the price of its flagship asset – Bitcoin (BTC).
That said, Bitcoin could grow its value by the end of the month, according to PricePredictions’ machine learning-based algorithms that incorporate indicators like the moving average (MA), relative strength index (RSI), moving average convergence divergence (MACD), Bollinger Bands (BB), and others.
As per this forecast, the market’s largest decentralized finance (DeFi) asset by market capitalization is set to trade at $18,796.94 on December 31, 2022, which represents an increase of 10.75% compared to its price at press time.
Bitcoin 30-day price prediction. Source: PricePredictions
It should also be noted that the predictions of the machine-learning algorithms are lower than those of the crypto community members over at CoinMarketCap, whi
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