AI predicts Bitcoin price for July 1, 2024
As Bitcoin (BTC) continues to range in a more-or-less uninteresting trend, well below its previously attained all-time high (ATH) of $73,738 from March 14 this year, machine learning and artificial intelligence (AI) algorithms are pessimistic regarding its price performance in the near future.
Indeed, Bitcoin’s price action has slowed down in the past several weeks, dropping to the area around $65,000 and consolidating there, only recently returning above the $66,000 mark and providing a trigger for the rest of the market to record modest gains.
Bitcoin price prediction
In terms of its future performance, Bitcoin will continue to decline in the weeks to follow, dropping to the price of $62,752.78 by July 1, 2024, at least according to the advanced AI algorithms deployed by the cryptocurrency analytics and forecasting platform PricePredictions and obtained by Finbold on June 20.
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