Artificial intelligence predicts the value of bitcoin at the end of September

A machine learning algorithm has predicted the value of the flagship cryptocurrency as of September 30, 2023. According to PricePredictions, at the end of the month, BTC will be trading for $ 26,228. The forecast represents a slight increase in the token’s value compared to the current price of $ 25,892.

The artificial intelligence’s prediction of bitcoin’s future is based on several key technical indicators, including moving average convergence divergence (MACD), relative strength index (RSI), and Bollinger bands (BB). From a technical analysis standpoint, bitcoin’s struggle to break out of weekly support is of particular concern, a trend that TrendSpider analysts have identified as pointing to a future downturn in the market.

$BTC Bitcoin having some trouble getting back above weekly wedge support…

Dump incoming? 🪙 pic.twitter.com/1ucKzxf9aK

— TrendSpider (@TrendSpider) September 4, 2023

Finbold analysts emphasized that many macro and micro factors will dictate the timing, fierceness, and duration of the next bullish breakout when the cryptocurrency industry starts a stable positive trend. «We don’t know the day or hour when cryptocurrencies will turn bullish. But we know it will happen as surely as night follows day,» crypto experts hope.

Experts have identified three factors that can contribute to the growth of the flagship of the crypto market and the industry as a whole: the introduction of ETFs, regulatory policy, and halving. «If cryptocurrencies still haven’t reached a high level by the first quarter of next year, don’t despair — the next potential driver will be inevitable,» crypto experts emphasized.