Artificial intelligence predicts the value of bitcoin by the end of 2022

A machine learning algorithm has predicted the value of the flagship cryptocurrency by the end of 2022. According to PricePredictions, on December 31, bitcoin will be trading for $ 18,796, which means an increase of 10.75% compared to the price at the time of publication BTC $62,924.40 Bitcoin 2.12% Market capitalization $1.24 trillion VOL. 24 hours $1.36 billion .

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

It is interesting that the forecast of the machine learning algorithm is lower than the expectations of the members of the CoinMarketCap cryptocurrency community. Users hope to celebrate the New Year with bitcoin at $ 19,788 on average. As for sentiment, which is determined by TradingView’s technical analysis (TA) indicators on 1-day oscillators, it remains uncertain for BTC.

Some cryptocurrency analysts, like AI, expect bitcoin to rise before the New Year holidays. A cryptocurrency expert known as «Dave Wave» told his 131,100 Twitter followers that bitcoin is likely to rise to $ 19,000. The analyst emphasized that BTC represents an «optimal opportunity for long-term bulls» based on his logarithmic growth curve (LGC) model. «Looking at it soberly, without the prior high expectations… and without the consequences of a big disappointment, the current BTC prices are optimal for those interested in risk and reward.»