Crypto Flexs
  • DIRECTORY
  • CRYPTO
    • ETHEREUM
    • BITCOIN
    • ALTCOIN
  • BLOCKCHAIN
  • EXCHANGE
  • TRADING
  • HACKING
  • SLOT
  • CASINO
  • SUBMIT
Crypto Flexs
  • DIRECTORY
  • CRYPTO
    • ETHEREUM
    • BITCOIN
    • ALTCOIN
  • BLOCKCHAIN
  • EXCHANGE
  • TRADING
  • HACKING
  • SLOT
  • CASINO
  • SUBMIT
Crypto Flexs
Home»TRADING NEWS»The Machine Knows: Bitcoin Is Ready to Soar to $77,000
TRADING NEWS

The Machine Knows: Bitcoin Is Ready to Soar to $77,000

By Crypto FlexsApril 27, 20243 Mins Read
Facebook Twitter Pinterest LinkedIn Tumblr Email
The Machine Knows: Bitcoin Is Ready to Soar to ,000
Share
Facebook Twitter LinkedIn Pinterest Email

The cryptocurrency world is abuzz with speculation after a deep learning model predicted a sharp price increase for Bitcoin (BTC) within the next month. But despite AI’s optimistic outlook, financial experts urge investors to approach predictions with a healthy dose of skepticism.

Bitcoin price remains stagnant, but AI model predicts bright future

Over the past week, Bitcoin has been stuck in a holding pattern, stubbornly hovering near the $64,000 level. This lack of volatility has left many investors scratching their heads, unsure of the market’s next move. However, deep learning models developed by CryptoQuant, a leading blockchain analytics platform, have changed this situation.

Source: CryptoQuant

Trained on a large dataset of historical price movements and on-chain activity, the model predicts a significant price surge for Bitcoin in the coming weeks. According to the analysis, Bitcoin could hit a new all-time high (ATH) by crossing the $77,000 barrier within the next 30 days.

Bullish Indicators Support AI’s Vision

While AI’s predictions are certainly eye-catching, some analysts are taking a wait-and-see approach. They point out several bullish indicators that appear to be consistent with the model’s predictions. The network-to-value (NVT) ratio, a metric used to measure the relative value of assets, has fallen significantly, suggesting that Bitcoin may be undervalued.

Additionally, exchange reserves are decreasing, indicating that selling pressure is decreasing. These factors combined with the model’s predictions paint a potentially optimistic picture for Bitcoin’s near future.

But a shadow of uncertainty still lurks. The Fear and Greed Index, which measures investor sentiment in the cryptocurrency market, is currently firmly in the ‘greed’ zone. Historically, periods of extreme greed are often followed by market corrections.

This raises concerns that the current price stagnation may not be a harbinger of a surge, but rather a sign of an overheated market that has entered a downward trend.

Bitcoin is now trading at $62.850. Chart: TradingView

Is there a stalemate ahead of a potential breakthrough?

Technical analysis of the Bitcoin daily chart reveals further complexities. Price has repeatedly failed to breach the 20-day simple moving average (SMA), a key indicator of near-term momentum.

Both the Chaikin Fund Flow (CMF) and Relative Strength Index (RSI) are moving sideways, suggesting a lack of clear direction in the market. These indicators mean that investors may expect a few more days of sluggish price action before a possible breakout occurs, either higher or lower.

a calculated gamble

Predictions from deep learning models offer a glimmer of hope for Bitcoin’s bull run, but it is important to remember that AI predictions are not infallible. While the combination of bullish indicators certainly adds weight to the model’s claims, the ever-present risk of market corrections driven by greed cannot be ignored.

Featured image from Pixabay, chart from TradingView

Disclaimer: This article is provided for educational purposes only. This does not represent NewsBTC’s opinion on whether to buy, sell or hold any investment, and of course investing carries risks. We recommend that you do your own research before making any investment decisions. Your use of the information provided on this website is entirely at your own risk.

Source: NewsBTC.com

Cryptocurrency Investment Risk Warning

Cryptocurrency assets are highly volatile. Your capital is at risk.
Do not invest unless you are prepared to lose all your money.
This is a high-risk investment and you should not expect to be protected if something goes wrong.

Read full disclaimer

like this:

good night Loading…

Share. Facebook Twitter Pinterest LinkedIn Tumblr Email

Related Posts

TOKEN2049 Singapore stops all records with the world’s largest Web3 event with 25,000 attendees in unprecedented demand.

September 3, 2025

Korean sleeves cut Tesla and pivot with encryption stocks.

September 2, 2025

NFT sales in August increased 2.78% in July 2025

September 1, 2025
Add A Comment

Comments are closed.

Recent Posts

Integrated security classes can accelerate the adoption of institutional passwords.

September 4, 2025

Binance explodes 466m LUNC with oblivion: revival play or special effect?

September 4, 2025

Cardano founder says Chainlink quotes ‘ridiculous price’ to them.

September 3, 2025

Acurast launches ‘Staked Compute’ and challenges AWS, Azure and Google Cloud using the distributed smartphone network.

September 3, 2025

Solana-packee blockchain manually spreads

September 3, 2025

Bybit Card Launches In Europe With Unmatched 20% Cashback

September 3, 2025

GiftlyCard.com Recognized As Verified And Secure By Independent Review Sites

September 3, 2025

Embodying “Simple Mining, Smart Gains” For Effortless Crypto Accumulation

September 3, 2025

TOKEN2049 Singapore stops all records with the world’s largest Web3 event with 25,000 attendees in unprecedented demand.

September 3, 2025

Simultaneously Mine Dogecoin (DOGE), Ripple (XRP), And SOL

September 3, 2025

Simultaneously Mine Dogecoin (DOGE), Ripple (XRP), And SOL

September 3, 2025

Crypto Flexs is a Professional Cryptocurrency News Platform. Here we will provide you only interesting content, which you will like very much. We’re dedicated to providing you the best of Cryptocurrency. We hope you enjoy our Cryptocurrency News as much as we enjoy offering them to you.

Contact Us : Partner(@)Cryptoflexs.com

Top Insights

Integrated security classes can accelerate the adoption of institutional passwords.

September 4, 2025

Binance explodes 466m LUNC with oblivion: revival play or special effect?

September 4, 2025

Cardano founder says Chainlink quotes ‘ridiculous price’ to them.

September 3, 2025
Most Popular

Analyst Predicts Rally for Solana, Chainlink, Polygon, and Two Additional Altcoins. His goals are:

January 31, 2024

Bitcoin bears face the risk of a short squeeze as the price rises above $43,000, analysts say.

December 5, 2023

Bitcoin price rejects $68,000 and indicators point to a new downtrend towards $62,000.

March 29, 2024
  • Home
  • About Us
  • Contact Us
  • Disclaimer
  • Privacy Policy
  • Terms and Conditions
© 2025 Crypto Flexs

Type above and press Enter to search. Press Esc to cancel.