AI predicts Bitcoin price for July 31, 2024

As Bitcoin (BTC) returns in the realm above $62,000, the flagship decentralized finance (DeFi) asset still seems to struggle with retaking the $63,000 level, but certain machine learning and artificial intelligence (AI) algorithms expect it will manage to succeed by the end of July.

Indeed, the price action of Bitcoin has recently suffered a bearish streak that continued for the majority of the month, only managing to recuperate for a short time in the past several days before dropping again below the $63,000 level in the last 24 hours.

Bitcoin price prediction

Regarding its performance in the upcoming weeks, the advanced AI algorithms at work over at the cryptocurrency monitoring and forecasting platform PricePredictions have projected it would turn positive and hit $63,261.23 on July 31, 2024, according to the data on July 2.

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