Artificial intelligence predicts the value of bitcoin as of March 31

A machine learning algorithm has predicted the value of the flagship cryptocurrency by the end of 2023. According to PricePredictions, on March 31, bitcoin will be trading for $ 23,597, which is less than the price of BTC $56,582.81 Bitcoin -2.35% Market capitalization $1.12 trillion VOL. 24 hours $4.39 billion at the time of publication.

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 a variety of random process analysis tools, including the Moving Average (MA), Relative Strength Index (RSI), Moving Average Convergence Divergence (MACD), and Bollinger Band (BB) indicator.

As for the value of bitcoin at the end of 2023, according to CoinPriceForecast AI, on December 31, BTC will be trading for $ 33,047. Whether such forecasts are realized will depend on the global economic situation and demand for cryptocurrencies. Based on historical patterns, BTC is expected to grow over the next three years. Finbold analysts are convinced of this.

Often, AI predictions about the value of the flagship cryptocurrency 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.