2024

Bitcoin

Rekt

<div class="finbold"> 
 <p class="paragraph">Although Bitcoin (BTC) has been dragging its feet lately, the prospects of the flagship decentralized finance (DeFi) asset look promising, particularly as machine <a rel="dofollow" title="learning" href="https://thebittimes.com/tag/learning.html">learning</a> and artificial intelligence (AI) algorithms <a rel="dofollow" title="predict" href="https://thebittimes.com/tag/predict.html">predict</a> advances for the popular cryptocurrency in the near future.</p> 
 <p class="paragraph">As it happens, Bitcoin last week bounced from the $70,000 level and has been trading beneath it for the majority of the time since, but its more recent movements demonstrate signs of recovery, as the largest crypto asset by market capitalization moves closer to retaking this critical psychological level.</p> 
 <h2 class="wp-block-heading" id="h-btc-price-prediction">BTC price prediction</h2> 
 <p class="paragraph">In terms of its performance in the following weeks, Bitcoin could overtake this important <a rel="dofollow" title="price" href="https://thebittimes.com/tag/price.html">price</a> mark and continue to grow further, potentially hitting $75,245.53 by June 30, 2024, according to the advanced algorithms deployed by the crypto analytics and forecasting platform <em>PricePredictions </em>retrieved on June 3.</p> 
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   <svg width="32" height="32" viewbox="0 0 32 32" fill="none" xmlns="//www.w3.org/2000/svg"> <path d="M4 10.6665V25.3332C4 28.2678 6.392 29.3332 8 29.3332H28V26.6665H8.016C7.4 26.6505 6.66667 26.4078 6.66667 25.3332C6.66667 24.2585 7.4 24.0158 8.016 23.9998H28V5.33317C28 3.8625 26.804 2.6665 25.3333 2.6665H8C6.392 2.6665 4 3.73184 4 6.6665V10.6665ZM8 5.33317H25.3333V21.3332H6.66667V6.6665C6.66667 5.59184 7.4 5.34917 8 5.33317Z" fill="#EF4444"> 
    </path> <path d="M15.996 18.6668L20.4626 14.2815C20.738 14.0166 20.9571 13.6989 21.1068 13.3473C21.2564 12.9957 21.3336 12.6176 21.3336 12.2355C21.3336 11.8534 21.2564 11.4752 21.1068 11.1236C20.9571 10.7721 20.738 10.4543 20.4626 10.1895C19.9074 9.64148 19.1587 9.33422 18.3786 9.33422C17.5985 9.33422 16.8498 9.64148 16.2946 10.1895L15.996 10.4801L15.6973 10.1881C15.1423 9.64023 14.3938 9.33301 13.614 9.33301C12.8341 9.33301 12.0856 9.64023 11.5306 10.1881C11.2552 10.453 11.0361 10.7707 10.8865 11.1223C10.7368 11.4739 10.6597 11.852 10.6597 12.2341C10.6597 12.6162 10.7368 12.9944 10.8865 13.346C11.0361 13.6975 11.2552 14.0153 11.5306 14.2801L15.996 18.6668Z" fill="#EF4444"> 
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  <img decoding="async" width="1024" height="444" src="https://cdn.thebittimes.com/images/2024/06/03/8b54eec887a434c461e45aeb5ee51a50.webp" alt="30-day Bitcoin price prediction 2024. Source: PricePredictions" class="wp-image-180358" srcset="https://cdn.thebittimes.com/images/2024/06/03/8b54eec887a434c461e45aeb5ee51a50.webp 1024w, https://cdn.thebittimes.com/images/2024/06/03/8b54eec887a434c461e45aeb5ee51a50.webp 300w, https://cdn.thebittimes.com/images/2024/06/03/8b54eec887a434c461e45aeb5ee51a50.webp 768w, https://cdn.thebittimes.com/images/2024/06/03/8b54eec887a434c461e45aeb5ee51a50.webp 1455w" sizes="(max-width: 1024px) 100vw, 1024px">
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   <em>30-day Bitcoin <a rel="dofollow" title="price" href="https://thebittimes.com/tag/price.html">price</a> <a rel="dofollow" title="predict" href="https://thebittimes.com/tag/predict.html">predict</a>ion 2024. Source: </em><em>PricePredictions</em>
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 <p class="paragraph">In other words, Bitcoin might advance by 9.02% from its current <a rel="dofollow" title="price" href="https://thebittimes.com/tag/price.html">price</a> provided that the algorithm’s <a rel="dofollow" title="predict" href="https://thebittimes.com/tag/predict.html">predict</a>ion, which relies on technical <a rel="dofollow" title="Category Analysis" href="https://thebittimes.com/analysis.html">Analysis</a> (TA) indicators like relative strength index (RSI), Bollinger Bands (BB), moving average convergence divergence (MACD), and others, comes true.</p> 
 <h2 class="wp-block-heading" id="h-bitcoin-price-history">Bitcoin price history</h2> 
 <p class="paragraph">For the time being, the number one asset in the crypto market is trading at $69,020, suggesting an increase of 2.38% on the day, gaining 0.70% across the past week, and accumulating growth of 9.26% in the last month, as well as advancing 60.51% since the year’s turn.</p> 
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  <img decoding="async" width="750" height="496" src="https://cdn.thebittimes.com/images/2024/06/03/6abf0e2b955ff085e66e7193e2d8af16.webp" alt="Bitcoin price 30-day chart. Source: Finbold" class="wp-image-180357" srcset="https://cdn.thebittimes.com/images/2024/06/03/6abf0e2b955ff085e66e7193e2d8af16.webp 750w, https://cdn.thebittimes.com/images/2024/06/03/6abf0e2b955ff085e66e7193e2d8af16.webp 300w" sizes="(max-width: 750px) 100vw, 750px">
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   <em>Bitcoin price 30-day chart. Source: </em><em>Finbold</em>
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 <p class="paragraph">Elsewhere, popular crypto trading expert Ali Martinez has recently observed that Bitcoin was hovering “around the +0.5σ pricing band at $66,800” and that if it could hold above it, “BTC will likely rise to test the 1.0σ pricing band at $79,600,” according to the analysis he shared in an X post on June 2.</p> 
 <figure class="wp-block-image size-full">
  <img loading="lazy" decoding="async" width="800" height="446" src="https://cdn.thebittimes.com/images/2024/06/03/799f2c6404be6fd218c444094c8bc51e.webp" alt="Bitcoin market value to realized value (MVRV) extreme deviation pricing bands. Source: Ali Martinez" class="wp-image-180359" srcset="https://cdn.thebittimes.com/images/2024/06/03/799f2c6404be6fd218c444094c8bc51e.webp 800w, https://cdn.thebittimes.com/images/2024/06/03/799f2c6404be6fd218c444094c8bc51e.webp 300w, https://cdn.thebittimes.com/images/2024/06/03/799f2c6404be6fd218c444094c8bc51e.webp 768w" sizes="(max-width: 800px) 100vw, 800px">
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   <em>Bitcoin market value to realized value (MVRV) extreme deviation pricing bands. Source: </em><em>Ali Martinez</em>
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 <p class="paragraph">Earlier, pseudonymous crypto analyst <em>Rekt Capital</em> shared his view that Bitcoin, indeed, had room for a breakout as long as it clears the key price levels of $70,000 and $71,600, which have repeatedly capped its attempts to rally, establishing themselves as significant barriers.</p> 
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   <blockquote class="twitter-tweet" data-width="500" data-dnt="true"> 
    <p lang="en" dir="ltr">#BTC <br><br>Successful retests at the orange area (green circles) are what enable further upside<br><br>But the retests dating to March only fed into local top structures, however (blue squares)<br><br>History suggests this tendency may continue, as Bitcoin rarely breaks to new All Time Highs… pic.twitter.com/UVZ8xvFfXG</p>— Rekt Capital (@rektcapital) May 26, 2024 
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 <p class="paragraph">All things considered, Bitcoin prediction 2024 looks optimistic, taking into account the projections by both machine algorithms and crypto analysts. However, trends in the cryptoverse can easily change, so it is important to do one’s own research when investing larger amounts of money.</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="dofollow" target="_blank" href="https://thebittimes.com/machine-learning-algorithm-predicts-bitcoin-price-for-june-30-2024-tbt91095.html">https://thebittimes.com/machine-learning-algorithm-predicts-bitcoin-price-for-june-30-2024-tbt91095.html</a></p>

Machine learning algorithm predicts Bitcoin price for June 30, 2024

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