Bitcoin Price Prediction: AI Forecasts BTC to Peak at $117,000 in 2024
The post Bitcoin Price Prediction: AI Forecasts BTC to Peak at $117,000 in 2024 appeared on BitcoinEthereumNews.com. Key highlights: According to some number crunching AI over at CoinCodex, BTC looks primed to pop off in a big way over the next few years. It predicts we could see our favorite crypto claw its way up to around $42k by 2023 before truly exploding to hit nearly $117k in 2024. TradingView’s technical analysts also seem cautiously confident based on their charts. Things like upward trends in the 50-day and 200-day moving averages, as well as strengthening momentum signals, make them think buyer demand will continue overwhelming reduced supply as adoption grows. The future price of Bitcoin is a hotly debated topic in crypto circles. With such a volatile and speculative asset, it’s nearly impossible to foresee market movements with full certainty. However, that doesn’t stop analysts and AI from taking a stab at forecasting where BTC may head in the coming years. In this article, we’ll explore predictions from two leading cryptocurrency data providers – CoinCodex and TradingView. What CoinCodex is forecasting for Bitcoin CoinCodex uses an algorithm that factors in the coin’s historical price data as well as the periodic halving events that reduce Bitcoin’s overall supply. According to its model, BTC has the potential for strong continued growth over the next few years, with a predicted peak of $117,000 in 2024. Price prediction by Coincodex The prediction of Coincodex models a yearly low of $28,610 for 2023 but sees Bitcoin climbing throughout the year to finish around $42,411. 2024 is forecasted to be a breakout year, with BTC potentially ranging between $28,610 on the low end up to a whopping $117,269 peak. 2025 is predicted to start around $86,000 and could hit as high as $177,384 if bullish momentum persists. By 2030, CoinCodex estimates a worst-case floor of $148,401 but puts the ceiling at a more ambitious…
The post Bitcoin Price Prediction: AI Forecasts BTC to Peak at $117,000 in 2024 appeared on BitcoinEthereumNews.com.
Key highlights: According to some number crunching AI over at CoinCodex, BTC looks primed to pop off in a big way over the next few years. It predicts we could see our favorite crypto claw its way up to around $42k by 2023 before truly exploding to hit nearly $117k in 2024. TradingView’s technical analysts also seem cautiously confident based on their charts. Things like upward trends in the 50-day and 200-day moving averages, as well as strengthening momentum signals, make them think buyer demand will continue overwhelming reduced supply as adoption grows. The future price of Bitcoin is a hotly debated topic in crypto circles. With such a volatile and speculative asset, it’s nearly impossible to foresee market movements with full certainty. However, that doesn’t stop analysts and AI from taking a stab at forecasting where BTC may head in the coming years. In this article, we’ll explore predictions from two leading cryptocurrency data providers – CoinCodex and TradingView. What CoinCodex is forecasting for Bitcoin CoinCodex uses an algorithm that factors in the coin’s historical price data as well as the periodic halving events that reduce Bitcoin’s overall supply. According to its model, BTC has the potential for strong continued growth over the next few years, with a predicted peak of $117,000 in 2024. Price prediction by Coincodex The prediction of Coincodex models a yearly low of $28,610 for 2023 but sees Bitcoin climbing throughout the year to finish around $42,411. 2024 is forecasted to be a breakout year, with BTC potentially ranging between $28,610 on the low end up to a whopping $117,269 peak. 2025 is predicted to start around $86,000 and could hit as high as $177,384 if bullish momentum persists. By 2030, CoinCodex estimates a worst-case floor of $148,401 but puts the ceiling at a more ambitious…
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