Artificial intelligence determined the price of Bitcoin by February 29, 2024.
Bitcoin (BTC) ended the first month of the year in an attempt to regain its price level of $4,3000, but at closing its price was in the range of $42,000. Machine algorithms o learning and artificial intelligence (AI) fulfilled the forecast, according to which by the end of next month the main cryptocurrency will lose this critically important level. According to the algorithms used by the platform for monitoring and forecasting prices for cryptocurrencies and shares CoinCodex, during February the price of Bitcoin may drop to $38,699.
If the mentioned forecast, calculated using statistical data on Bitcoin prices taking into account the cyclical nature of the halving, turns out to be correct, this will mean a decrease in BTC by 8.28% from in terms of current value. Bitcoin Price Analysis Currently, the flagship decentralized finance (DeFi) asset is trading at $42,098, reflecting a decline of 1.3% over the last 24 hours, while maintaining m growth over the previous seven days of 4.9%. Monthly dynamics indicate price losses of 7.7%.
30-day technical analysis on the financial and crypto market analytics website TradingView is optimistic, suggesting a “buy” at level 10, based on the total oscillators indicating a “sell” "at level 3, and moving averages (MA) in the "strong buy" zone at level 9.
