The post AI predicts Bitcoin price for September 30, 2024 appeared on BitcoinEthereumNews.com.

As Bitcoin (BTC) has lately been trading in a sideways trend, with some experts even predicting it could crash to a low of $38,000, artificial intelligence (AI) and machine learning algorithms seem to be following the pessimistic sentiment, predicting more declines. Specifically, Bitcoin started this month on a bearish note, in line with the flagship decentralized finance (DeFi) asset’s now traditionally underperforming September in terms of its price, but also the performance in the rest of the cryptocurrency sector. AI’s Bitcoin price prediction Taking this context into consideration, Finbold has consulted the advanced AI algorithm used by the crypto analytics and forecasting platform PricePredictions, which has set Bitcoin’s price direction downward for the rest of the month, predicting its price to hit $54,313.64 by September 30, 2024. 30-day Bitcoin price forecast. Source: PricePredictions In other words, Bitcoin could decline by 7.76% toward the end of September if the predictions, drawing upon technical analysis (TA) factors like Bollinger Bands (BB), moving average convergence divergence (MACD), average true range (ATR), and others, prove correct. Experts’ Bitcoin price prediction As a reminder, popular trading analyst Alan Santana has recently analyzed Bitcoin’s movements and predicted its crash toward $43,000 and $38,000 in the following weeks, as he noticed multiple bearish signals with no bullish indicators, Finbold reported on September 2. Bitcoin price performance analysis and prediction. Source: Alan Santana However, according to pseudonymous crypto trading analyst Rekt Capital, late September could actually be a breakout time for Bitcoin, highlighting a chart pattern that uses the halving as a baseline and suggesting it tends to break from consolidation between 150 and 160 days after the event. Bitcoin price performance analysis and prediction. Source: Rekt Capital Additionally, a $102 billion investment firm, VanEck, outlined a path for Bitcoin’s price by 2050, including a base, bearish, and…

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Filed under: News - @ September 3, 2024 10:23 am