AI predicts Bitcoin price for August 1, 2024
After Bitcoin (BTC) opened the week on a greener note, its price ranging around $67,000 and pulling the rest of the cryptocurrency market up with it, artificial intelligence (AI) algorithms envision more bullishness and further advances for the maiden crypto asset in the next few months.
Indeed, Bitcoin has solidified its position above the key support level of $66,000 and then surpassed the next important step at $67,000, triggering confidence and optimism not just in the crypto industry but also from advanced AI forecasting algorithms.
BTC price prediction
Specifically, one of these AI algorithms, which draws on historical BTC trends, technical analysis (TA) indicators, chart patterns, and relevant developments, has projected that Bitcoin could hit the price of $97,264 by August 1, 2024, suggesting an increase of 44.89% from its current values.
