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Bitcoin (BTC) price has experienced uncertainties recently. Despite this, predictions for BTC’s price increase are growing daily. Last week, BTC surpassed the $70,000 level again but has remained below that level since then. Recently, the price dropped to $67,000. Despite this, new movements in BTC’s price, which is undeniably at the top of the market, are anticipated.
BTC Price Prediction
According to the June 3 prediction by PricePredictions’ AI algorithms, a significant price movement in Bitcoin could occur within approximately 30 days. The algorithm predicts that BTC’s price could reach $75,245 by June 30, 2024.
If the algorithm, which considers the relative strength index (RSI), Bollinger Bands (BB), moving average convergence divergence (MACD), and other technical (TA) indicators, is successful in its prediction, Bitcoin could rise by 9.02% from its current price.
Bitcoin Price History
Currently, BTC, undeniably at the top of the cryptocurrency world, is trading at $69,020. This price level indicates a 2% increase in the last 24 hours.
However, it is important to note that the price movement over the past week indicates a slight decrease of just over 1%. On the other hand, the increase seen in the last 30 days is over 10%, while the increase since January reflects levels of 60.51%.
Recently, a famous market analyst, Ali Martinez, stated that if Bitcoin stays above $66,800, it could visit the $79,600 level. He shared this view in an X post on June 2.
Another important cryptocurrency analyst, Rekt Capital, also commented on a significant Bitcoin movement recently. He mentioned that if Bitcoin surpasses the critical resistance levels of $70,000 and $71,600 with a potential rally, it could reach new high levels.
Considering all these factors, it is understood that the predictions made by algorithms present a positive outlook. Although analysts’ views align with this situation, it is important to remember that global events can impact the market and hinder expected outcomes.
