The value of Bitcoin (BTC) has been rising in 2023, with the asset targeting new levels despite the prevailing impact of the banking crisis. With recent gains, the future price of Bitcoin is in focus, as investors monitor whether the gains will hold.
In this regard, Finbold leveraged CoinCodex’s self-learning machine platform to determine Bitcoin’s price during Easter 2023. According to the platform, Bitcoin’s momentum is likely to stagnate, and it might trade at $27,845 on Easter day, April 9, according to data retrieved on March 19.
The estimated price of Bitcoin represents gains of about 2% from the cryptocurrency’s valuation at the time of publishing.
It is worth noting that Finbold previously reported that another AI-based tool, CoinPriceForecast, indicated that Bitcoin is likely to reclaim $30,000 by the end of the year. The platform estimates that BTC will trade at $33,047 at the end of 2023.
Bitcoin price analysis
By press time, Bitcoin was trading at $27,324 after days of sustained capital inflow. On the…