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🔥🔥🔥 AI predicts Bitcoin price for August 31, 2024 : 🤔🤔🤔

📌 After briefly nearing the critical level of $70,000 driven by the optimism stemming from the speech of the former United States President and current presidential hopeful Donald Trump, Bitcoin (BTC) has retraced into the area below $65,000, and artificial intelligence (AI) algorithms are bearish.

As it happens, Bitcoin started to drop upon the news that the U.S. government had transferred nearly 30,000 BTC, worth about $2.02 billion at the time, from the cryptocurrency wallets related to the Department of Justice’s Silk Road seizures, as per Arkham Intelligence information.

Interestingly, the move arrives after Trump reiterated he would be willing to commute Silk Road founder Ross Ulbricht’s sentence, as well as to “keep 100% of all Bitcoin the U.S. government currently holds or acquires into the future” if re-elected, during his address at the Bitcoin 2024 conference over the weekend.

📢 Bitcoin price prediction

In this context, the advanced AI algorithm deployed by the crypto analytics platform PricePredictions is pessimistic regarding the future performance of the maiden cryptocurrency, setting its price on August 31, 2024, at $61,782.51, according to the data retrieved on August 1.

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