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A new Bitcoin price prediction model created through machine learning is predicting that the BTC price will begin to head higher in the coming months, and will hit around $15,000 by the time of May 2020’s block reward reduction aka Bitcoin halving.
This model implies that Bitcoin will rally by 25% to $10,000 by mid-November, hit a local peak at $11,500 by January, and then dip back down to $11,000.
Should the model play out 100% in full, Bitcoin will rally by some 90% from the current price of $8,000 to hit $15,500 by the approximate date of the halving in May 2020.
In other cryptocurrency news today:
The XRP price exits downtrend to hit a new three-week high.
Are Altcoins ready to explode?!
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DISCLAIMER: This is NOT financial advice. The views and opinions expressed in this video are just opinions, nothing more. Trading is very risky, especially when trading with leverage. Seek financial advice from a professional and trade at your own risk because I am not responsible for any investment decisions that you choose to make.