Skip to content

Machine learning algorithm predicts Bitcoin price for June 30, 2024

Machine learning algorithm predicts Bitcoin price for June 30, 2024

Although Bitcoin (BTC) has been dragging its feet lately, the prospects of the flagship decentralized finance (DeFi) asset look promising, particularly as machine learning and artificial intelligence (AI) algorithms predict advances for the popular cryptocurrency in the near future.

As it happens, Bitcoin last week bounced from the $70,000 level and has been trading beneath it for the majority of the time since, but its more recent movements demonstrate signs of recovery, as the largest crypto asset by market capitalization moves closer to retaking this critical psychological level.

BTC price prediction

In terms of its performance in the following weeks, Bitcoin could overtake this important price mark and continue to grow further, potentially hitting $75,245.53 by June 30, 2024, according to the advanced algorithms deployed by the crypto analytics and forecasting platform PricePredictions retrieved on June 3.

30-day Bitcoin price prediction 2024. Source: PricePredictions
30-day Bitcoin price prediction 2024. Source: PricePredictions

In other words, Bitcoin might advance by 9.02% from its current price provided that the algorithm’s prediction, which relies on technical analysis (TA) indicators like relative strength index (RSI), Bollinger Bands (BB), moving average convergence divergence (MACD), and others, comes true.

Bitcoin price history

For the time being, the number one asset in the crypto market is trading at $69,020, suggesting an increase of 2.38% on the day, gaining 0.70% across the past week, and accumulating growth of 9.26% in the last month, as well as advancing 60.51% since the year’s turn.

Bitcoin price 30-day chart. Source: Finbold
Bitcoin price 30-day chart. Source: Finbold

Elsewhere, popular crypto trading expert Ali Martinez has recently observed that Bitcoin was hovering “around the +0.5σ pricing band at $66,800” and that if it could hold above it, “BTC will likely rise to test the 1.0σ pricing band at $79,600,” according to the analysis he shared in an X post on June 2.

Bitcoin market value to realized value (MVRV) extreme deviation pricing bands. Source: Ali Martinez
Bitcoin market value to realized value (MVRV) extreme deviation pricing bands. Source: Ali Martinez

Earlier, pseudonymous crypto analyst Rekt Capital shared his view that Bitcoin, indeed, had room for a breakout as long as it clears the key price levels of $70,000 and $71,600, which have repeatedly capped its attempts to rally, establishing themselves as significant barriers.

All things considered, Bitcoin prediction 2024 looks optimistic, taking into account the projections by both machine algorithms and crypto analysts. However, trends in the cryptoverse can easily change, so it is important to do one’s own research when investing larger amounts of money.

Disclaimer: The content on this site should not be considered investment advice. Investing is speculative. When investing, your capital is at risk.

Best Crypto Exchange for Intermediate Traders and Investors

  • Invest in 70+ cryptocurrencies and 3,000+ other assets including stocks and precious metals.

  • 0% commission on stocks - buy in bulk or just a fraction from as little as $10. Other fees apply. For more information, visit

  • Copy top-performing traders in real time, automatically.

  • eToro USA is registered with FINRA for securities trading.

30+ million Users
eToro is a multi-asset investment platform. The value of your investments may go up or down. Your capital is at risk. eToro USA LLC does not offer CFDs, only real Crypto assets available. Don’t invest unless you’re prepared to lose all the money you invest.

Read Next:

Weekly Finance Digest

By subscribing you agree with Finbold T&C’s & Privacy Policy

Related posts

Disclaimer: The information on this website is for general informational and educational purposes only and does not constitute financial, legal, tax, or investment advice. This site does not make any financial promotions, and all content is strictly informational. By using this site, you agree to our full disclaimer and terms of use. For more information, please read our complete Global Disclaimer.