The CoinMarketCap cryptocurrency community price estimate is based only on the votes of its users. Estimates do not guarantee end-of-month prices.
Bitcoin (BTC) investors are taking heart from encouraging macroeconomic data in 2023, with many hoping that the cryptocurrency will continue to climb in February.
Interestingly, the machine learning algorithm system that employs AI technology predicts that Bitcoin’s price will be $24,342 at the end of February. Meanwhile, according to data gathered by Finbold on February 6, votes submitted by users of the crypto monitoring website CoinMarketCap predict that Bitcoin will change hands at an average price of $20,254 on February 28, 2023.
Should the estimations of 15,258 member votes prove true, it would mean that the price of Bitcoin by the end of February will decline by -11.44% or -$2,615 compared to its current value.
Taking into consideration the performance of the crypto community’s projections for the six previous months, it has historically set the…
