Machine learning algorithm predicts Bitcoin price on May 31, 2024

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After generating seemingly endless enthusiasm following its skyrocketing to a new all-time high near $73,000 in March and around the highly-anticipated halving event in April, Bitcoin (BTC) has fallen off somewhat.

The world’s premier cryptocurrency has, in more recent weeks, been struggling with lackluster performance and a string of violent corrections that saw it, at times, plummet as low as $57,000.

Though the most recent trading trends have been positive, as BTC is 3.18% in the green on the 24-hour chart and Bitcoin price today stands at $62,907, but a shadow casts large given its weekly and monthly shakiness. 

BTC 7-day price chart. Source: Finbold

Hoping to provide a modicum of clarity on whether Bitcoin is now set to surge toward previously predicted highs or if more bearish experts are correct and the current cycle has already topped, Finbold decided to consult the AI-driven machine learning algorithms of a platform…

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