2024

Wolf of Wall Street

Bitcoin

<div class="finbold">
 <p class="paragraph">As 2024 begins, many assets in the cryptocurrency sector are trading in the green zone, including Bitcoin (BTC), which has continued its move to the upside, although artificial intelligence (AI) and machine learning algorithms are not bullish on its price for the end of this year’s first month.</p>
 <div></div>
 <p class="paragraph">Indeed, the advanced AI price prediction algorithms over at the crypto market analytics and prediction platform <em>WalletInvestor </em>have set the price of Bitcoin on January 31, 2024, at $41,323.26, according to the most recent information retrieved from the website by Finbold on January 1.</p>
 <figure class="wp-block-image aligncenter size-full"><img decoding="async" loading="lazy" width="427" height="253" src="https://cdn.thebittimes.com/images/2024/01/01/6eacc41f83a5f876f5a1868abf5b5a4c.webp" alt class="wp-image-146473" srcset="https://cdn.thebittimes.com/images/2024/01/01/6eacc41f83a5f876f5a1868abf5b5a4c.webp 427w, https://cdn.thebittimes.com/images/2024/01/01/6eacc41f83a5f876f5a1868abf5b5a4c.webp 300w" sizes="(max-width: 427px) 100vw, 427px">
  <figcaption class="wp-element-caption"><em>Bitcoin end of January 2024 price prediction. Source: </em><em>WalletInvestor</em>
  </figcaption>
 </figure>
 <p class="paragraph">As the above data suggests, the machine <a rel="noopener noreferrer nofollow" title="learning" href="https://thebittimes.com/tag/learning.html">learning</a> <a rel="noopener noreferrer nofollow" title="algorithm" href="https://thebittimes.com/tag/algorithm.html">algorithm</a>, which offers long and short-term <a rel="noopener noreferrer nofollow" title="price" href="https://thebittimes.com/tag/price.html">price</a> projections based on changes in the exchange rates, trade volumes, past volatilities, and other important economic aspects, predicts that Bitcoin could decline by&nbsp;2.97% compared to its current <a rel="noopener noreferrer nofollow" title="price" href="https://thebittimes.com/tag/price.html">price</a>.</p>
 <h2 class="wp-block-heading" id="h-bitcoin-price-analysis">Bitcoin price analysis</h2>
 <p class="paragraph">Meanwhile, the maiden crypto asset was at press time changing hands at the price of $42,586, suggesting an increase of 1.72% in the last 24 hours, a 2.34% loss across the previous seven days, and a gain of 10.30% over the past month, according to the information on January 1.</p>
 <figure class="wp-block-image aligncenter size-large"><img decoding="async" loading="lazy" width="1024" height="683" src="https://cdn.thebittimes.com/images/2024/01/01/c180a70ae2d59b55a91171163eedd6b1.webp" alt class="wp-image-146470" srcset="https://cdn.thebittimes.com/images/2024/01/01/c180a70ae2d59b55a91171163eedd6b1.webp 1024w, https://cdn.thebittimes.com/images/2024/01/01/c180a70ae2d59b55a91171163eedd6b1.webp 300w, https://cdn.thebittimes.com/images/2024/01/01/c180a70ae2d59b55a91171163eedd6b1.webp 768w, https://cdn.thebittimes.com/images/2024/01/01/c180a70ae2d59b55a91171163eedd6b1.webp 1200w" sizes="(max-width: 1024px) 100vw, 1024px">
  <figcaption class="wp-element-caption"><em>Bitcoin 30-day price chart. Source: </em><em>Finbold</em>
  </figcaption>
 </figure>
 <div class="not-prose relative overflow-auto scrollbar-hide mb-8 mt-8">
  <div class="relative w-full flex gap-6 snap-x snap-mandatory overflow-x-auto">
   <div class="max-w-[300px]">
    <div class="py-0 first:pt-0 last:pb-0">
     <div class="flex gap-x-4">
      <div class="shrink-0  w-24"><img data-src="https://cdn.thebittimes.com/images/2024/01/01/03eaafeee5222dad3476cd4bf1aeac05.webp" alt class=" w-full rounded-md lazy">
      </div>
      <div>
       Cryptocurrency 
       <h3 class="font-bold leading-6 " id="january-s-crypto-hotlist-top-3-picks">January’s crypto hotlist: Top 3 picks</h3>
       <div class="sm:flex gap-x-3 mt-2">
       </div>
      </div>
     </div>
    </div>
   </div>
   <div class="max-w-[300px]">
    <div class="py-0 first:pt-0 last:pb-0">
     <div class="flex gap-x-4">
      <div class="shrink-0  w-24"><img data-src="https://cdn.thebittimes.com/images/2024/01/01/58f4acf5e34446fd0cc4942e06547ceb.webp" alt class=" w-full rounded-md lazy">
      </div>
      <div>
       Stocks 
       <h3 class="font-bold leading-6 " id="wolf-of-wall-street-j-belfort-s-market-predictions-for-2024">Wolf of Wall Street J. Belfort’s market predictions for 2024</h3>
       <div class="sm:flex gap-x-3 mt-2">
       </div>
      </div>
     </div>
    </div>
   </div>
   <div class="max-w-[300px]">
    <div class="py-0 first:pt-0 last:pb-0">
     <div class="flex gap-x-4">
      <div class="shrink-0  w-24"><img data-src="https://cdn.thebittimes.com/images/2024/01/01/630c05d78db46c3413563f89568e726f.webp" alt class=" w-full rounded-md lazy">
      </div>
      <div>
       Cryptocurrency 
       <h3 class="font-bold leading-6 " id="expert-bitcoin-s-parabolic-rally-could-begin-if-this-resistance-is-breached">Expert: Bitcoin's parabolic rally could begin if this resistance is breached</h3>
       <div class="sm:flex gap-x-3 mt-2">
       </div>
      </div>
     </div>
    </div>
   </div>
   <div class="max-w-[300px]">
    <div class="py-0 first:pt-0 last:pb-0">
     <div class="flex gap-x-4">
      <div class="shrink-0  w-24"><img data-src="https://cdn.thebittimes.com/images/2024/01/01/1154be5d29c47b918cba570901c63d3c.webp" alt class=" w-full rounded-md lazy">
      </div>
      <div>
       Finance 
       <h3 class="font-bold leading-6 " id="this-black-swan-event-could-derail-2024-us-elections-warns-entrepreneur-gary-cardone">This Black Swan event could derail 2024 US elections, warns entrepreneur Gary Cardone</h3>
       <div class="sm:flex gap-x-3 mt-2">
       </div>
      </div>
     </div>
    </div>
   </div>
   <div class="max-w-[300px]">
    <div class="py-0 first:pt-0 last:pb-0">
     <div class="flex gap-x-4">
      <div class="shrink-0  w-24"><img data-src="https://cdn.thebittimes.com/images/2024/01/01/d7636f339a9c588005054533da690acf.webp" alt class=" w-full rounded-md lazy">
      </div>
      <div>
       Finance 
       <h3 class="font-bold leading-6 " id="google-bard-picks-4-commodities-to-buy-for-start-of-2024">Google Bard picks 4 commodities to buy for start of 2024</h3>
       <div class="sm:flex gap-x-3 mt-2">
       </div>
      </div>
     </div>
    </div>
   </div>
  </div>
 </div>
 <div class="mb-4 bg-slate-50 rounded-md layout-adjustment">
  <div id="finbold.com_middle" style="min-width: 300px; min-height: 250px;">
  </div>
 </div>
 <p class="paragraph">At the same time, the one-week technical <a rel="noopener noreferrer nofollow" title="Category Analysis" href="https://thebittimes.com/analysis.html">Analysis</a> (TA) gauges at the crypto and finance monitoring website<em> TradingView</em> suggest a bullish sentiment of ‘buy’ at 14, which is the summary of oscillators in the ‘sell’ zone at 4 and moving averages (MA) pointing at a ‘strong buy’ at 13.</p>
 <figure class="wp-block-image aligncenter size-large"><img decoding="async" loading="lazy" width="1024" height="314" src="https://cdn.thebittimes.com/images/2024/01/01/b366c732aa6d2f3970c32d269863b2e5.webp" alt class="wp-image-146471" srcset="https://cdn.thebittimes.com/images/2024/01/01/b366c732aa6d2f3970c32d269863b2e5.webp 1024w, https://cdn.thebittimes.com/images/2024/01/01/b366c732aa6d2f3970c32d269863b2e5.webp 300w, https://cdn.thebittimes.com/images/2024/01/01/b366c732aa6d2f3970c32d269863b2e5.webp 768w, https://cdn.thebittimes.com/images/2024/01/01/b366c732aa6d2f3970c32d269863b2e5.webp 1536w, https://cdn.thebittimes.com/images/2024/01/01/b366c732aa6d2f3970c32d269863b2e5.webp 1733w" sizes="(max-width: 1024px) 100vw, 1024px">
  <figcaption class="wp-element-caption"><em>Bitcoin 1-week gauges. Source: </em><em>TradingView</em>
  </figcaption>
 </figure>
 <p class="paragraph">All things considered, the largest digital asset by market capitalization might end up at a lower <a rel="noopener noreferrer nofollow" title="price" href="https://thebittimes.com/tag/price.html">price</a> level, as predicted by the machine <a rel="noopener noreferrer nofollow" title="algorithm" href="https://thebittimes.com/tag/algorithm.html">algorithm</a>. However, its upcoming halving and possible spot Bitcoin exchange-traded fund (ETF) approval could help it make massive gains in the long run, including going parabolic in 2025.</p>
 <p class="paragraph"><strong><em>Disclaimer:</em></strong><em> The content on this site should not be considered investment advice. Investing is speculative. When investing, your capital is at risk.</em></p>
 <p class="paragraph"></p>
</div>
<p>Source: <a rel="noopener noreferrer nofollow" target="_blank" href="https://thebittimes.com/machine-learning-algorithm-sets-bitcoin-price-for-january-31-2024-tbt75286.html">https://thebittimes.com/machine-learning-algorithm-sets-bitcoin-price-for-january-31-2024-tbt75286.html</a></p>

Machine learning algorithm sets Bitcoin price for January 31, 2024

Indice dei contenuti

TheBitTimes

Altri articoli pubblicati su 1 gen 2024

New cryptos to watch in 2024: what crypto narratives could explode

How Is ADA Strategically Positioning Itself Within the $0.63 to $0.84 Range?

Loopring: “The next evolution of Loopring is coming… 2024 will be the year when Loopring moves fr...

Consensus Mechanism: Learn All About Their Role in Blockchain

Orbit Bridge Faces $81.4 Million Security Breach and Reimbursement Scam

Renowned Crypto Analyst Predicts The Top 5 Altcoins For 2024

Iscriviti alla nostra newsletter gratuita per aggiornamenti giornalieri sulle criptovalute!