Artificial Intelligence Predicts Bitcoin Price for July 1, 2023

not financial advice — ed.

Finbold analysts asked the PricePredictions neural network to forecast the value of bitcoin BTC $97,048.81 Bitcoin -0.36% Market capitalization $1.92 trillion VOL. 24 hours $2.2 billion at the beginning of July. The AI predicts that on July 1, 2023, the flagship asset will remain at $ 30,700.

PricePredictions is an online service that uses advanced machine learning algorithms to generate price and market forecasts. The goal of AI is to provide traders with information based on technical analysis to make competent and efficient investment decisions.

The neural network assumes that the RTS will remain at the current price level, and there will be no correction. This is due to the fact that moving averages for 30, 60, and even 90 days are in the green zone. However, the neural network does not take into account factors that are not shown on the cryptocurrency chart.

«The cryptocurrency market is known for its high level of volatility, which makes it difficult to accurately predict prices. Technical analysis can provide information about potential movements in quotes. It is important to understand that the estimates are based on historical data and should not be considered as financial advice,» the developers of PricePredictions note.

The rise above the $ 30,000 level demonstrates an important milestone for bitcoin, signaling the potential end of the crypto winter. However, crypto experts are not yet ready to answer whether the growth will be sustainable. During the crypto zoom, BTC has already reached the $ 30,000 mark — in April 2023, the digital asset rose to $ 30,900, but in May, the coin rate steadily fell. That is why the crypto community expresses doubts about the further quotes of the main virtual asset.

According to the analytical tracker CoinMarketCap, at the time of writing, bitcoin is trading at $ 30,286, which is a 0.3% drop. The coin’s market capitalization has reached $ 635.8 billion, and daily trading volumes have exceeded $ 17.3 billion. BTC’s market share is 50.2%.