When it comes to cryptocurrency, everyone will think of November 2021. After the price of Bitcoin reached a historic high, everything changed, and perhaps a series of unfortunate events began
When it comes to cryptocurrency, everyone will think of November 2021. After the price of Bitcoin reached a historic high, everything changed, and perhaps a series of unfortunate events began. From that day until September 2023, there was an unstoppable decline. Although this may not be the lowest point in history, the prices of Bitcoin and other cryptocurrencies are far from meeting expectations.
How much is Bitcoin worth?
Although some investors in the encryption industry have begun to recoup recent losses and regain bullish expectations, the price of Bitcoin (BTC) has also broken through the $26000 mark, indicating that machine algorithms may see more gains in the near future.
In fact, algorithms on the PricePredictions platform, a cryptocurrency analysis and prediction platform, indicate that, considering the latest prices, as of October 1, 2023, the price of leading cryptocurrencies as decentralized financial (DeFi) assets will be $27073. Data was collected on September 14.
For further clarification, algorithms using technical analysis (TA) indicators such as relative strength index (RSI), moving average convergence divergence (MACD), Brinian band (BB), average true volatility (ATR), etc. are sharing their algorithms. Investors predict that Bitcoin prices will increase by 2.32% compared to the current price.
Bitcoin Price Analysis
At present, the largest crypto asset trading price is $26600, which has increased by 1.11% in the past 24 hours and 2.98% compared to the previous 7 days. However, it is worth mentioning that according to recent comments, it decreased by 9.79% last month.
It is also worth noting that the price prediction algorithm on the CoinCodex encryption analysis platform predicts prices higher than PricePredictions. By October 1, 2023, the price of Bitcoin will reach $31368, and if proven accurate, it will increase by 18.55%.
At the same time, the browsing volume of the name "Bitcoin" on Wikipedia pages has also increased, reaching its highest level of the year on September 8th, with 7830 views, due to an increase in interest in cryptocurrencies and expectations for trading on the Bitcoin exchange. Funds (ETFs).
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