Artificial Intelligence Predicts Bitcoin Price by End of January 2025
Date: 2025-01-16 Author: Henry Casey Categories: CRYPTO PAYMENTS
In early November 2024, Bitcoin (BTC) began a steady growth, which reached a peak on December 17, when its value exceeded $106,070. However, the following weeks brought a correction: by January 7, the price fell to $92,630. A short-term return above $100,000 occurred shortly after that, but the cryptocurrency was unable to hold this level.
On January 15, Bitcoin regained its positions, adding 3.8% and reaching $100,702. This growth coincided with the publication of December data on the consumer price index (CPI) by the US Department of Labor. Although the annual CPI was in line with the forecast of 2.9%, the core inflation rate was lower than expected, amounting to 3.2%.
Against this background, the analytical platform PricePredictions, using artificial intelligence algorithms, presented its forecast for BTC at the end of January. Taking into account current macroeconomic factors and market data, the algorithm predicts a gradual strengthening of the cryptocurrency value.
According to calculations, over the next week, Bitcoin may rise again above $105,000, and by January 31 reach $107,050. Moreover, the forecast assumes further growth of the asset.
PricePredictions predicts even greater optimism for February 2025. According to the platform, by February 15, Bitcoin is capable of setting a new historical maximum at $110,928, which confirms its status as the main digital currency on the market.
Such forecasts reflect the increased interest of investors caused by stable macroeconomic indicators and a decrease in inflationary pressure. However, it remains important to consider that cryptocurrency market volatility may lead to changes in price dynamics.
