Bitcoin Price Reaches $26,000 as Bullish Sentiment Returns
As the largest part of the cryptocurrency sector starts to recover from the recent losses and bullish sentiment returns, Bitcoin (BTC) has brought its price back above the $26,000 threshold, and machine learning (ML) algorithms suggest it could see more gains in the near future.
Algorithms Predict Bitcoin Price to Reach $27,073.63 by October 2023
The algorithms over at the cryptocurrency analytics and forecasting platform PricePredictions have set the price of Bitcoin at $27,073.63 by October 1, 2023, according to the most recent data retrieved by Finbold on September 14.
Technical Analysis Algorithms Predict 2.32% Increase in Bitcoin Price
The algorithms that deploy technical analysis (TA) indicators like relative strength index (RSI), moving average convergence divergence (MACD), Bollinger Bands (BB), average true range (ATR), and others predict an increase of 2.32% from Bitcoin’s current price.
Bitcoin Price Analysis
As things stand, the maiden crypto asset was at press time changing hands at the price of $26,459, recording an increase of 1.11% in the last 24 hours and a 2.98% gain across the previous seven days, while it declined 9.79% over the past month, as the latest charts indicate.
CoinCodex Predicts Bitcoin Price to Reach $31,368 by October 2023
The price prediction algorithm over at the crypto analytics platform CoinCodex is even more bullish than that of the PricePrediction, placing Bitcoin’s price at $31,368 by October 1, 2023, which suggests an increase of 18.55% if it proves correct.
Bitcoin Wikipedia Page Views Surge
Bitcoin is also recording a surge in the number of page views of its Wikipedia page, which has recently hit its high for this year, peaking at 7,830 views on September 8. This increase in page views is driven by the growing interest around Bitcoin in the expectation of the approval of a Bitcoin spot exchange-traded fund (ETF).
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