Bitcoin (BTC) experienced a powerful rally at the beginning of November following Trump’s victory, reaching new high after new high until it hit an all-time high of $108,268 on December 17. However, the asset subsequently underwent a correction and dropped below the $95,000 threshold.
Yesterday, the highest-valued cryptocurrency regained momentum and surpassed $100,000 again, driven by U.S. inflation data. Today, it’s slightly below that level, currently trading at approximately $98,859.
Publishing the data on the Consumer Price Index (CPI) by the U.S. Department of Labor for December was the springboard. Although the annual CPI, at 2.9% as expected, held steady, the underlying inflation rate of 3.2% fell short of expectations.
Even though the Federal Reserve’s inflation target of 2% is still not achieved, the better-than-expected results have helped to ease investors’ concerns about potential interest rate hikes.
We chose to use an advanced AI system from the PricePredictions platform to predict Bitcoin’s price changes during this month.)
L’intelligenza artificiale prevede un rally per Bitcoin
As a researcher, I’ve taken all factors into account and the advanced artificial intelligence algorithm I’m working with has issued a bullish prediction for Bitcoin in the short term. According to this AI, Bitcoin could soon surpass the $100,000 mark again, potentially reaching levels around $105,000 within a week.
The strong surge in cryptocurrency might push its value up to approximately $107,050 by the end of January, paving the way for further price increases.
L’AI e gli esperti prevedono nuovi massimi storici per Bitcoin
Additionally, the artificial intelligence of the PricePredictions platform predicts that Bitcoin could reach a new historical high of $110,928 by February 15th, a surge likely to erase any bearish sentiment and stimulate renewed interest in buying.
There are varied predictions about Bitcoin’s future value. For instance, the well-known crypto analyst TradingShot forecasts a goal of $200,000 for Bitcoin based on past market cycles. Similarly, Standard Chartered Bank, which accurately predicted the $100,000 mark, also proposes a similar target due to the growing interest from institutional investors.
As an analyst, I share this optimistic viewpoint alongside trader Peter Brandt, anticipating an imminent surge that could propel Bitcoin beyond the $100,000 mark.
Another bullish prediction comes from Kevin Svenson, trader and analyst, who expects new all-time highs for Bitcoin this year. According to Svenson, the cryptocurrency might reach $124,000 by mid-year. After a potential summer correction, the analyst predicts another rally that could push Bitcoin to new levels around October.
Best Wallet: La nuova soluzione sicura per gestire Bitcoin
For secure management of Bitcoin, many investors are contemplating the use of a leading wallet. The new Web3 wallet, designed to meet market demands, stands out not only for its security but also for its simple and intuitive interface, making it an ideal alternative to well-known wallets like MetaMask.
As a wallet analyst, I’d say: My preferred wallet supports over 50 different cryptocurrencies across multiple blockchains, including Bitcoin, Ethereum, and USDT. Users can easily buy, swap, hold, and sell their digital assets directly within the app itself.
Moreover, Best Wallet includes a decentralized aggregator called Best DEX, which optimizes trades for users. The project will soon launch Best Card, a cryptocurrency debit card that allows spending Bitcoin, Ethereum, and other cryptocurrencies.
The innovations don’t stop here. The project has started the pre-sale of the $BEST token, offering numerous benefits to its holders. Apart from transaction fee discounts within the Best Wallet ecosystem, $BEST token holders can earn greater rewards through staking and gain access to exclusive crypto presales, such as Wall Street Pepe, thanks to the feature called “Upcoming Tokens” in the app.
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2025-01-16 18:59