ווי די קריפּטאָקוררענסי מאַרק is writing down significant gains in the past week, קריפּטאָ טריידערז און ינוועסטערז are trying to gauge where the price of its representative asset – Bitcoin (בטק) – could be standing by the start of the third month of 2023 based on available data, including predictions by machine learning algorithms.
In that context, Finbold consulted the machine learning algorithms over at the קריפּטאָקוררענסי טראַקינג פּלאַטפאָרמע פּרייס פּרעדיקטיאָנס, and at press time, they projected that the price of ביטקאָין on March 1, 2023, would be standing at $24,934, according to the ינפאָרמאַציע דערגרייכט דעם 20טן פעברואר.
Indeed, implementing various technical analysis (TA) ינדיקאַטאָרס, אַרייַנגערעכנט מאָווינג אַוורידזשיז (MA), מאָווינג דורכשניטלעך קאַנווערדזשאַנס דיווערדזשאַנס (מאַקד), קאָרעוו שטאַרקייַט אינדעקס (רסי), Bollinger באַנדס (BB), and more, the machine algorithms project that Bitcoin at that time would be trading 1.72% higher from its current price of $24,513.
In terms of the sentiment using the 1-week גיידזשיז at טריידינג View, the indicators are largely positive – their summary residing in the ‘buy’ zone at 12, which is the result of אָססיללאַטאָרס pointing at ‘neutral’ at 7 but moving averages actually suggesting ‘buy’ at 10.
ביטקאָין פּרייַז אַנאַליסיס
In the meantime, Bitcoin is currently changing hands at the price of $24,513, recording a slight decline of 0.35% on the day but still advancing 12.55% over the previous week and gaining 7.96% across its monthly chart, as per the latest data retrieved on February 20.
Despite the recent crypto crackdown by the United States government, the week ahead could indeed spell a בוליש rally in line with the machine learning algorithm’s predictions for Bitcoin, as it has earlier created a foundation for the next leg up, as Finbold געמאלדן אויף 19 פעברואר.
אָפּלייקענונג: דער אינהאַלט אויף דעם פּלאַץ זאָל ניט זיין געהאלטן ינוועסמאַנט עצה. ינוועסטינג איז ספּעקולאַטיווע. ווען ינוועסטינג, דיין קאַפּיטאַל איז אין ריזיקירן.
Source: https://finbold.com/machine-learning-algorithm-sets-bitcoin-price-for-march-1-2023/