Cryptocurrency

Cardano

Bitcoin

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 <p class="paragraph">With the holiday season almost upon us, Bitcoin (BTC) might be carrying gifts instead of Santa as it looks to break its resistance zone and continue progressing toward gains.</p>
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 <p class="paragraph">The increased filings of spot Bitcoin exchange-traded funds (ETFs) and rising attention from prominent institutions have markedly shaped investor sentiment toward the cryptocurrency in the past few weeks.</p>
 <p class="paragraph">Amid the raised interest among investors surrounding Bitcoin’s future movements in the coming weeks, Finbold sought insights from <em>PricePredictions</em>, a platform known for utilizing advanced machine <a rel="noopener noreferrer nofollow" title="learning" href="https://thebittimes.com/tag/learning.html">learning</a> algorithms. These algorithms meticulously evaluate dynamic market conditions and analyze relevant indicators to assess the likelihood of Bitcoin’s continued success by Christmas day.</p>
 <figure class="wp-block-image size-large"><img decoding="async" loading="lazy" width="1024" height="479" src="https://cdn.thebittimes.com/images/2023/11/28/1cc6cc3974893750f77d26bff9d849bc.webp" alt="BTC price prediction for December 25th. Source: PricePredicitons
" class="wp-image-139873" srcset="https://cdn.thebittimes.com/images/2023/11/28/1cc6cc3974893750f77d26bff9d849bc.webp 1024w, https://cdn.thebittimes.com/images/2023/11/28/1cc6cc3974893750f77d26bff9d849bc.webp 300w, https://cdn.thebittimes.com/images/2023/11/28/1cc6cc3974893750f77d26bff9d849bc.webp 768w, https://cdn.thebittimes.com/images/2023/11/28/1cc6cc3974893750f77d26bff9d849bc.webp 1536w, https://cdn.thebittimes.com/images/2023/11/28/1cc6cc3974893750f77d26bff9d849bc.webp 2048w" sizes="(max-width: 1024px) 100vw, 1024px">
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   BTC price prediction for December 25th. Source: PricePredicitons
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 <p class="paragraph">Intriguingly, the algorithms project that BTC will fall to $37,033 by the end of the month, representing a -0,04% decrease from the current asset <a rel="noopener noreferrer nofollow" title="price" href="https://thebittimes.com/tag/price.html">price</a> at the time of publication.</p>
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 <p class="paragraph">The calculation is derived from an extensive array of technical indicators, including moving average convergence divergence (MACD), relative strength index (RSI), Bollinger Bands (BB), and others.</p>
 <h2 class="wp-block-heading" id="h-bitcoin-price-analysis">Bitcoin price analysis</h2>
 <p class="paragraph">In the last year, Bitcoin has undergone a remarkable upswing, showcasing an impressive 123.03% rise in its <a rel="noopener noreferrer nofollow" title="price" href="https://thebittimes.com/tag/price.html">price</a>. This surge indicates that BTC has outpaced 79% of the top 100 cryptocurrency assets.</p>
 <p class="paragraph">Moreover, the primary cryptocurrency is presently trading beyond the 200-day simple moving average, indicating a favorable trend that has captured the interest of experienced investors.</p>
 <p class="paragraph">Persisting in a robust market position, Bitcoin is currently trading close to its cycle high, reinforcing its status as a cryptocurrency to closely monitor in the dynamic crypto landscape, marked by 17 green days in the last 30 days.<br>BTC is currently traded at $37,033, reflecting a 0.90% daily decrease. Cryptocurrency analyst, Michaël van de Poppe, provided his perspective in a post on X on November 24 regarding Bitcoin’s present condition. van de Poppe observed that the next breakthrough for Bitcoin is anticipated to occur upon surpassing the $38,000 threshold.</p>
 <figure class="wp-block-image size-large"><img decoding="async" loading="lazy" width="1024" height="570" src="https://cdn.thebittimes.com/images/2023/11/28/152799ebfe1804344e80b500e6651b23.webp" alt="BTC price resistance point. Source: Michael van de Poppe
" class="wp-image-139874" srcset="https://cdn.thebittimes.com/images/2023/11/28/152799ebfe1804344e80b500e6651b23.webp 1024w, https://cdn.thebittimes.com/images/2023/11/28/152799ebfe1804344e80b500e6651b23.webp 300w, https://cdn.thebittimes.com/images/2023/11/28/152799ebfe1804344e80b500e6651b23.webp 768w, https://cdn.thebittimes.com/images/2023/11/28/152799ebfe1804344e80b500e6651b23.webp 1536w, https://cdn.thebittimes.com/images/2023/11/28/152799ebfe1804344e80b500e6651b23.webp 1634w" sizes="(max-width: 1024px) 100vw, 1024px">
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   BTC price resistance point. Source: Michael van de Poppe
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 <p class="paragraph">Until then, he believes that a slow accumulation phase or even dips will precede the breakthrough.</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/machine-learning-algorithm-predicts-bitcoin-price-for-xmas-day-tbt71868.html">https://thebittimes.com/machine-learning-algorithm-predicts-bitcoin-price-for-xmas-day-tbt71868.html</a></p>

Machine learning algorithm predicts Bitcoin price for Xmas day

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