Artificial intelligence is present in the crypto market. When asked about the price of Bitcoin for the end of 2024, he gave three possible scenarios.

Taking into account the characteristics of the current scenario, such as “the evolution of regulation, institutional adoption of Bitcoin, spot Bitcoin ETFs and other factors”, the AI ​​gave 3 trends for the end of 2024.

A first conservative position states that “the least optimistic, the Bitcoin bears, such as JPMorgan analysts” would predict a BTC price of USD 38,000 by the end of the year. Factors that influence this prediction include macroeconomic conditions such as inflation and interest rates.

The second Bitcoin price prediction given by the AI ​​is also conservative. It maintains the value of the main cryptocurrency in a range of 50,000 and 70,000 dollars, in a market characterized by ups and downs.

The third prediction is more optimistic and places Bitcoin above $100,000 at the end of December and even exceeding $120,000. The projection is supported by the confidence generated by the next Bitcoin halving in April.

However, the AI has warns that the price of Bitcoin is truly unpredictable. It is affected by “unexpected factors, such as regulatory changes or economic crises, can significantly affect the market.”

M.Pino

Source: cripto247

(Reference image source: Daniel Dan on Unsplash)

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La entrada Artificial intelligence predicts Bitcoin price by the end of 2024 apareció primero en Bitfinance.