A machine learning algorithm predicting the varity of the flagship cryptocurrency by the end of 2022. Behind PricePredictions 31st day bitcoin is trading for $18,796, which means an increase of 11.11% on par with the price at the time of publication.
Scientists are actively exploring the possibilities of artificial intelligence for its use in various fields, one of the subfields of AI that helps predict the value of digital assets is the PricePredictions machine learning algorithm. The technology uses a variety of stochastic analysis tools including:
- Moving Average (MA)
- Relative Strength Index (RSI)
- Moving Average Convergence Divergence (MACD)
- Bollinger Bands (BB) indicator
Interestingly, the prediction of the machine learning algorithm is lower than the expectations of members of the cryptocurrency community CoinMarketCap. Users hope to ring in the New Year with an average of $19,788 worth of Bitcoin. Sentiment, as determined by TradingView's Technical Analysis (TA) indicators on 1-day gauges, remains uncertain on the BTC.
Some cryptocurrency analysts, like AI, expect Bitcoin to rise before the New Year holidays. A cryptocurrency expert known as "Dave the Wave" told his 131,500 followers on Twitter that Bitcoin is likely to rise to $19,000. The analyst emphasized that BTC represents "the optimal opportunity for long-term bulls" based on his logarithmic growth curve model ( LGC). "Looking at it soberly, with no prior high expectations ... and no consequences of major disappointment, current VTC prices are optimal for those interested in risk and reward."