Cryptocurrency

Solana

Bitcoin

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 <p class="paragraph">Following a massive upside push that the cryptocurrency market has recently made under the leadership of Bitcoin (BTC), artificial intelligence (AI) and machine learning (ML) algorithms predict further success for the flagship decentralized finance (DeFi) asset for this year’s Halloween.</p>
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 <p class="paragraph">Indeed, after things started to look bleak this month, the famous ‘Uptober’ seems to have returned, and AI-driven algorithms deployed at the cryptocurrency analytics platform <em>CoinCodex</em> suggest more gains by Halloween, setting the <a rel="noopener noreferrer nofollow" title="price" href="https://thebittimes.com/tag/price.html">price</a> of Bitcoin at $41,160 for October 31.</p>
 <figure class="wp-block-image aligncenter"><img decoding="async" src="https://thebittimes.com/image/getimage/?url=https://lh7-us.googleusercontent.com/mZDZrOAIhtEVg2LkZanfEWN2xvqpQgASKgmQOa3WqWcW6AQSdiq3Om9y1W-XLC_KKnpd1LiltioIdYSU_nNOBqkyD5OKA52TXZxBpEh_sIPzdSHYG0yukg6NF0lknTHU_nEZNmSFa8I6RNo0qhPXNaQ" alt>
  <figcaption class="wp-element-caption"><em>Bitcoin 1-month price prediction. Source: </em><em>CoinCodex</em>
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 <p class="paragraph">According to the most recent information, this <a rel="noopener noreferrer nofollow" title="predict" href="https://thebittimes.com/tag/predict.html">predict</a>ed <a rel="noopener noreferrer nofollow" title="price" href="https://thebittimes.com/tag/price.html">price</a> would represent an increase of 20.04% from the <a rel="noopener noreferrer nofollow" title="price" href="https://thebittimes.com/tag/price.html">price</a> of the maiden crypto asset at the time of publication on October 24.</p>
 <p class="paragraph">At the same time, ChatGPT, the text-based AI platform that is the brainchild of OpenAI, provided some historical context, pointing out that Halloween in previous years “has seen significant variations in the price of Bitcoin since its inception in 2009,” but not offering any specific figures.</p>
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 <p class="paragraph">On the other hand, Google Bard offered a range between $25,000 and $35,000, encompassing the possibility of both a bullish and bearish scenario and taking into account the <a rel="noopener noreferrer nofollow" title="Category Analysis" href="https://thebittimes.com/analysis.html">Analysis</a> of historical trends on previous Halloweens, for which the AI bot said “reveals a mixed bag of results.”</p>
 <h2 class="wp-block-heading" id="h-uptober-returns">Uptober returns</h2>
 <p class="paragraph">As it happens, the phenomenon known as ‘Uptober’ demonstrated its strength even during 2022, when the entire crypto sector was facing massive selling pressure due to a combination of factors that culminated with the implosion of what was once one of the largest crypto exchanges in the world, FTX.</p>
 <p class="paragraph">Specifically, by the end of October 2022, Bitcoin was trading above the $21,000 price level, a significant increase from the $19,300 zone it had recorded 30 days earlier – on October 1, as Finbold reported at the time – despite being 66.56% lower than on October 31, 2021.</p>
 <p class="paragraph">Notably, on Halloween 2021, the largest digital asset by market capitalization was changing hands at the price of $61,300 with a market valuation of $1.156 trillion, recording an increase of 344.39% from $13,794, which was its price on the previous Halloween.</p>
 <h2 class="wp-block-heading" id="h-bitcoin-price-analysis">Bitcoin price analysis</h2>
 <p class="paragraph">Meanwhile, the <a rel="noopener noreferrer nofollow" title="price" href="https://thebittimes.com/tag/price.html">price</a> of Bitcoin at press time stood at $34,289, recording an increase of 12.23% in the last 24 hours, adding up to the 20.32% advance across the previous seven days and a 29% gain on its monthly chart, according to the latest data retrieved on October 24.</p>
 <figure class="wp-block-image aligncenter"><img decoding="async" src="https://thebittimes.com/image/getimage/?url=https://lh7-us.googleusercontent.com/k6ImLrDBFifb4aKGCywlo0xcgHX3ziHIi3_Km1q1xCQ6Vc1NwvK44jLu2me_pnmS0JnYGzj9xxu3t4jBOiEkq70QAMPxie1Et-64gIhrpVmo73LVKOtOtCBsXfQGNDOu6UzOUpHZxH1DLFrW1OC5uFk" alt>
  <figcaption class="wp-element-caption"><em>Bitcoin 30-day price chart. Source: </em><em>Finbold</em>
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 <p class="paragraph">On the whole, Bitcoin is on a strong upward advance, but its continuity will depend on factors in the market, including chart patterns, the sentiment in the wider crypto industry, and positive developments like the approval of a spot Bitcoin exchange-traded fund (ETF), which seems to be imminent.</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>
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<p>Source: <a rel="noopener noreferrer nofollow" target="_blank" href="https://thebittimes.com/ai-predicts-bitcoin-price-for-halloween-2023-tbt67513.html">https://thebittimes.com/ai-predicts-bitcoin-price-for-halloween-2023-tbt67513.html</a></p>

AI predicts Bitcoin price for Halloween 2023

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