{"id":561484,"date":"2023-11-20T14:00:40","date_gmt":"2023-11-20T14:00:40","guid":{"rendered":"https:\/\/uniquehot.com\/?p=561484"},"modified":"2024-06-11T08:15:11","modified_gmt":"2024-06-11T08:15:11","slug":"17-66-rise-in-bitcoin-price","status":"publish","type":"post","link":"https:\/\/uniquehot.com\/news\/17-66-rise-in-bitcoin-price\/","title":{"rendered":"Machine Learning Algorithm Predicts 17.66% Rise In Bitcoin Price, Here\u2019s The Target"},"content":{"rendered":"

The machine learning algorithm at CoinCodex has taken a crack at the Bitcoin<\/a> price and predicted where the asset\u2019s price could be both over the short term and the very long term. If the predictions are anything to go by, then the price of Bitcoin<\/a> is at one of the lowest points it\u2019ll ever be in the next seven years.<\/p>\n

Very Bullish For Bitcoin Price In The Short Term<\/h2>\n

The predictions<\/a> from the machine learning algorithm for the Bitcoin<\/a> price, especially in the short term, are very bullish. These predictions ranging between five days and one month show where the algorithm expects the price to be in these time frames and they are a long way away from the current price levels.<\/p>\n

Related Reading: Cardano Founder Courts OpenAI\u2019s Sam Altman \u2013 What Does He Want To Build?<\/a><\/div>\n

On the 5-day prediction, the machine learning algorithm is showing a rather outrageous price, predicting that the price will rise approximately 50% from here. The 5-day price target is placed at $55,661, and taking into account the current Bitcoin price of just under $31,200 at the time of this writing, it will mean that BTC<\/a> would have to jump 49.65% in less than a week.<\/p>\n

\"Bitcoin<\/p>\n

Source: CoinCodex<\/pre>\n

The prediction on the one-month timeframe is, however, much more realistic at $43,760. This translates to a $17.66% rally taking the current price into account, and an almost $7,000 increase in value for the pioneer cryptocurrency<\/a>.<\/p>\n

Looking Over The Long Term Prediction For BTC<\/h2>\n

On the much longer timeframes, the algorithm shows much more bullishness for Bitcoin. For example, in 2024, which is less than two months away, it predicts that the Bitcoin price will run as high as $109,364, with a yearly low of $29,564, which is the lowest it expects the asset\u2019s price to be in the next seven years.<\/p>\n

Between the years 2025 and 2026, it expects BTC to peak above $100,000<\/a> with a bottom yearly range of $62,757. Interestingly, in 2027, the algorithm does not expect much deviation between the yearly low and high, putting the former at $78,443 and the latter at $78,522.<\/p>\n

Related Reading: Ethereum Whistleblower Reveals When Proof Of ETH Founders\u2019 Fraud Will Be Released<\/a><\/div>\n

In 2029, the CoinCodex machine learning algorithm expects the Bitcoin<\/a> price to finally cross the sought-after $300,000 level. In this year, the yearly low moves up significantly to $126,318 and the yearly high is placed at $305,028.<\/p>\n

Fast forward to 2030 and the bullishness is maintained with an expected yearly low of $141,562. The predicted yearly high for 2030 is lower than that of 2029 but still significant at a value of $266,676.<\/p>\n

The high figures projected for the Bitcoin price are not without merit as the website identifies that there are more bullish signals flashing now than bearish signals<\/a>. Out of a total of 30 signals analyzed, 27 were found to be bullish with only 3 bearish signals.<\/p>\n

\"Bitcoin<\/p>\n

BTC bullish sentiment holds strong | Source: BTCUSD on Tradingview.com<\/a><\/pre>\n
Featured image from The Economic Times, chart from Tradingview.com<\/div>\n","protected":false},"excerpt":{"rendered":"

The machine learning algorithm at CoinCodex has taken a crack at the Bitcoin price and predicted where the asset\u2019s price could be both over the short term and the very long term. If the predictions are anything to go by, then the price of Bitcoin is at one of the lowest points it\u2019ll ever be in the next seven years. Very Bullish For Bitcoin Price In The Short Term The predictions from the machine learning algorithm for the Bitcoin price, especially in the short term, are very bullish. These predictions ranging between five days and one month show where the algorithm expects the price to be in these time frames and they are a long way away from the current price levels. Related Reading: Cardano Founder Courts OpenAI\u2019s Sam Altman \u2013 What Does He Want To Build? On the 5-day prediction, the machine learning algorithm is showing a rather outrageous price, predicting that the price will rise approximately 50% from here. The 5-day price target is placed at $55,661, and taking into account the current Bitcoin price of just under $31,200 at the time of this writing, it will mean that BTC would have to jump 49.65% in less than a week. Source: CoinCodex The prediction on the one-month timeframe is, however, much more realistic at $43,760. This translates to a $17.66% rally taking the current price into account, and an almost $7,000 increase in value for the pioneer cryptocurrency. Looking Over The Long Term Prediction For BTC On the much longer timeframes, the algorithm shows much more bullishness for Bitcoin. For example, in 2024, which is less than two months away, it predicts that the Bitcoin price will run as high as $109,364, with a yearly low of $29,564, which is the lowest it expects the asset\u2019s price to be in the next seven years. Between the years 2025 and 2026, it expects BTC to peak above $100,000 with a bottom yearly range of $62,757. Interestingly, in 2027, the algorithm does not expect much deviation between the yearly low and high, putting the former at $78,443 and the latter at $78,522. Related Reading: Ethereum Whistleblower Reveals When Proof Of ETH Founders\u2019 Fraud Will Be Released In 2029, the CoinCodex machine learning algorithm expects the Bitcoin price to finally cross the sought-after $300,000 level. In this year, the yearly low moves up significantly to $126,318 and the yearly high is placed at $305,028. Fast forward to 2030 and the bullishness is maintained with an expected yearly low of $141,562. The predicted yearly high for 2030 is lower than that of 2029 but still significant at a value of $266,676. The high figures projected for the Bitcoin price are not without merit as the website identifies that there are more bullish signals flashing now than bearish signals. Out of a total of 30 signals analyzed, 27 were found to be bullish with only 3 bearish signals. BTC bullish sentiment holds strong | Source: BTCUSD on Tradingview.com Featured image from The Economic Times, chart from Tradingview.com<\/p>\n","protected":false},"author":594,"featured_media":561499,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[3],"tags":[428,656,679,6848,1119,89185,1122,17066,1144,78790],"class_list":["post-561484","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","tag-bitcoin","tag-bitcoin-news","tag-bitcoin-price","tag-bitcoin-price-prediction","tag-btc","tag-btc-news","tag-btc-price","tag-btc-price-prediction","tag-btcusd","tag-btcusdt"],"acf":[],"yoast_head":"\nMachine Learning Algorithm Predicts 17.66% Rise In Bitcoin Price, Here\u2019s The Target<\/title>\n<meta name=\"description\" content=\"The machine learning algorithm at CoinCodex has taken a 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During this time, Scott has been able to author countless influential pieces that have drawn in millions of readers and have shaped public opinion across various important topics. His repertoire spans hundreds of articles on various sectors in the crypto industry, including decentralized finance (DeFi), decentralized exchanges (DEXes), Staking, Liquid Staking, emerging technologies, and non-fungible tokens (NFTs), among others. Scott\u2019s influence is not just limited to the countless discussions that his publications have sparked but also as a consultant for major projects in the space. He has consulted on issues ranging from crypto regulations to new technology deployment. Scott\u2019s expertise also spans community building and contributes to a number of causes to further the development of the crypto industry. Scott is an advocate for sustainable practices within the crypto industry and has championed discussions around green blockchain solutions. His ability to keep in line with market trends has made his work a favorite among crypto investors. In his personal life, Scott is an avid traveler and his exposure to the world and various way of life has helped him to understand how important technologies like the blockchain and cryptocurrencies are. This has been key in his understanding of its global impact, as well as his ability to connect socio-economic developments to technological trends around the globe like no one else. Scott is known for his work in community education to help people understand crypto technology and how its existence impacts their lives. He is a well-respected figure in his community, known for his work in helping to enlighten and inspire the next generation as they channel their energies into pressing issues. His work is a testament to his dedication and commitment to education and innovation, as well as the promotion of ethical practices in the rapidly developing world of cryptocurrencies. Scott stands steady in the frontlines of the crypto revolution and is committed to helping to shape a future that promotes the development of technology in an ethical manner that translates to the benefit of all in the society.","sameAs":["https:\/\/x.com\/https:\/\/twitter.com\/MathersonScott"],"url":"https:\/\/uniquehot.com\/author\/mathersonscott1\/"}]}},"parsely":{"version":"1.1.0","meta":{"@context":"https:\/\/schema.org","@type":"NewsArticle","headline":"Machine Learning Algorithm Predicts 17.66% Rise In Bitcoin Price, Here\u2019s The Target","url":"http:\/\/uniquehot.com\/news\/17-66-rise-in-bitcoin-price\/","mainEntityOfPage":{"@type":"WebPage","@id":"http:\/\/uniquehot.com\/news\/17-66-rise-in-bitcoin-price\/"},"thumbnailUrl":"https:\/\/uniquehot.com\/wp-content\/uploads\/2023\/11\/Bitcoin-price-Small-1.jpeg?resize=200%2C200","image":{"@type":"ImageObject","url":"https:\/\/uniquehot.com\/wp-content\/uploads\/2023\/11\/Bitcoin-price-Small-1.jpeg?fit=320%2C240"},"articleSection":"Cryptocurrency Market News","author":[{"@type":"Person","name":"Scott Matherson"}],"creator":["Scott Matherson"],"publisher":{"@type":"Organization","name":"NewsBTC","logo":"https:\/\/uniquehot.com\/wp-content\/uploads\/2020\/06\/cropped-cropped-cropped-favicon.png?w=32"},"keywords":["bitcoin","bitcoin news","bitcoin price","bitcoin price prediction","btc","btc news","btc price","btc price prediction","btcusd","btcusdt"],"dateCreated":"2023-11-20T14:00:40Z","datePublished":"2023-11-20T14:00:40Z","dateModified":"2024-06-11T08:15:11Z"},"rendered":"<script type=\"application\/ld+json\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@type\":\"NewsArticle\",\"headline\":\"Machine Learning Algorithm Predicts 17.66% Rise In Bitcoin Price, Here\\u2019s The Target\",\"url\":\"http:\\\/\\\/uniquehot.com\\\/news\\\/17-66-rise-in-bitcoin-price\\\/\",\"mainEntityOfPage\":{\"@type\":\"WebPage\",\"@id\":\"http:\\\/\\\/uniquehot.com\\\/news\\\/17-66-rise-in-bitcoin-price\\\/\"},\"thumbnailUrl\":\"https:\\\/\\\/uniquehot.com\\\/wp-content\\\/uploads\\\/2023\\\/11\\\/Bitcoin-price-Small-1.jpeg?resize=200%2C200\",\"image\":{\"@type\":\"ImageObject\",\"url\":\"https:\\\/\\\/uniquehot.com\\\/wp-content\\\/uploads\\\/2023\\\/11\\\/Bitcoin-price-Small-1.jpeg?fit=320%2C240\"},\"articleSection\":\"Cryptocurrency Market News\",\"author\":[{\"@type\":\"Person\",\"name\":\"Scott Matherson\"}],\"creator\":[\"Scott Matherson\"],\"publisher\":{\"@type\":\"Organization\",\"name\":\"NewsBTC\",\"logo\":\"https:\\\/\\\/uniquehot.com\\\/wp-content\\\/uploads\\\/2020\\\/06\\\/cropped-cropped-cropped-favicon.png?w=32\"},\"keywords\":[\"bitcoin\",\"bitcoin news\",\"bitcoin price\",\"bitcoin price prediction\",\"btc\",\"btc news\",\"btc price\",\"btc price prediction\",\"btcusd\",\"btcusdt\"],\"dateCreated\":\"2023-11-20T14:00:40Z\",\"datePublished\":\"2023-11-20T14:00:40Z\",\"dateModified\":\"2024-06-11T08:15:11Z\"}<\/script>","tracker_url":"https:\/\/cdn.parsely.com\/keys\/uniquehot.com\/p.js"},"jetpack_sharing_enabled":true,"jetpack_featured_media_url":"https:\/\/uniquehot.com\/wp-content\/uploads\/2023\/11\/Bitcoin-price-Small-1.jpeg?fit=320%2C240","amp_enabled":true,"_links":{"self":[{"href":"https:\/\/uniquehot.com\/wp-json\/wp\/v2\/posts\/561484"}],"collection":[{"href":"https:\/\/uniquehot.com\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/uniquehot.com\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/uniquehot.com\/wp-json\/wp\/v2\/users\/594"}],"replies":[{"embeddable":true,"href":"https:\/\/uniquehot.com\/wp-json\/wp\/v2\/comments?post=561484"}],"version-history":[{"count":0,"href":"https:\/\/uniquehot.com\/wp-json\/wp\/v2\/posts\/561484\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/uniquehot.com\/wp-json\/wp\/v2\/media\/561499"}],"wp:attachment":[{"href":"https:\/\/uniquehot.com\/wp-json\/wp\/v2\/media?parent=561484"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/uniquehot.com\/wp-json\/wp\/v2\/categories?post=561484"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/uniquehot.com\/wp-json\/wp\/v2\/tags?post=561484"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}