AI predicted Bitcoin price at the end of March 2023

Bitcoin price, despite having had a tremendous rise since the beginning of the year, has recently experienced some difficult weeks, and cryptocurrency traders and investors are seeking signs of its future moves, including those offered by machine learning systems.

The deep learning algorithms at the cryptocurrency monitoring platform PricePredictions have predicted that the price of Bitcoin will be $23,597 by the end of March.


Bitcoin 30-day forecast | Source: PricePredictions

The oscillators at 8 and the moving averages in the “strong buy” zone at 11 indicate that the sentiment on the 1-day gauges at the finance and cryptocurrency tracking website TradingView is generally optimistic and urges “buy” at 12.

Bitcoin 30-day forecast. Source: PricePredictions

According to the most recent figures gathered on February 28, the price of Bitcoin is currently down 1.3% on the day and a more significant 5.54% on the previous week, although it is still 1.7% higher than 30 days ago.

The developments surrounding the first digital asset, such as rare indicators flashing green and Bored Ape creators Yuga Labs announcing their upcoming non-fungible tokens (NFTs) on the Bitcoin blockchain, will determine whether it can reach the price predicted by the deep learning algorithms.

Read more:

Join us on Telegram

Follow us on Twitter

Follow us on Facebook

You might also like