Artificial intelligence predicts bitcoin growth by 34% by the end of 2023

The machine learning algorithm predicted the value of the flagship cryptocurrency by the end of 2023. According to the CoinPriceForecast AI, in December 2023, BTC $98,086.20 Bitcoin -0.17% Market capitalization $1.94 trillion VOL. 24 hours $3.13 billion will be traded for $ 33,047, which means a 34% increase compared to the price at the time of publication.

Scientists are actively exploring the possibilities of artificial intelligence for its use in various fields, and one of the subfields of AI that helps predict the value of digital assets is the machine learning algorithm. The technology uses a variety of tools for analyzing random processes, including: moving average (MA), relative strength index (RSI), moving average convergence divergence (MACD), and Bollinger Band (BB) indicator.

Whether the above predictions from AI will be realized will depend on the economic situation in the world and the demand for cryptocurrencies. Taking into account historical patterns, the BTC is expected to grow over the next three years. Finbold analysts are convinced of this.

It is worth noting that AI forecasts regarding the value of the flagship cryptocurrency often do not come true. For example, in early December 2022, the PricePredictions machine learning algorithm estimated that bitcoin would trade for $ 18,796 on December 31. However, on that day, the value of the digital asset was $ 16,603.