Bitcoin (BTC) price prediction from artificial intelligence: Watch out for October!

While the price of Bitcoin ($BTC ) has shown an upward trend during Halloween in past years, AI-supported analysis tools indicate that this trend may continue in 2024.

Bitcoin, which has been rising breathlessly since breaking $ 60,000, has excited crypto investors. As in previous Octobers, the upward momentum in BTC continues.

Bitcoin has traded higher than the previous year on every Halloween day except for 2018 and 2022. PricePredictions' AI algorithms were used to understand whether there will be a similar rise this year.

According to the AI ​​analysis, Bitcoin may break a new record by reaching $ 73,977 on Halloween, October 31, 2024. This target means an increase of approximately 10 percent compared to Bitcoin's current price.

The AI’s Bitcoin price prediction was created using technical analysis indicators such as the Moving Average Convergence Divergence (MACD), the Relative Strength Index (RSI), and the Bollinger Bands (BB). The AI ​​tool provides strong clues about the future movements of the market with the data obtained from these metrics.

If the predicted price is realized, $BTC will continue its Halloween performance in previous years and break records in 2024. Bitcoin, which was traded at $34,500 in 2023, is estimated to exceed this price by 115 percent in 2024 and reach $73,977.

This positive expectation also coincides with the fact that many financial experts set the $70,000 level as the minimum target for Bitcoin by the end of October. Leading experts think that the ‘Uptober’ rally, in which Bitcoin gains value every October, will be repeated this year.