Forecasts for future cryptocurrency prices made using machine learning technology, includingincluding on the financial forecasting platform CoinPriceForecast are becoming extremely popular. One of them points to a significant increase in the price of bitcoin by the end of 2023.
In 2023, Bitcoin began trading at $16,522.Currently, its price has increased by 49%. Artificial intelligence (AI) predicts that by the end of this year the BTC rate will rise to $33,047, or 34% relative to current values.
Bitcoin price target in 2023. Source: CoinPriceForecast
If this prediction turns out to be correct, the annual change in the price of bitcoin will show a 100% increase, followed by further price increases promised by AI.
On the evening of February 21, Bitcoin was trading at $24,678 with a slight daily decline of 0.8%, with weekly growth remaining at 13%. Monthly price dynamics were in positive territory by 8.3%.
30 day bitcoin price chart. Source: Finbold
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