Valentine’s Day is a day associated with love and affection, and for many investors, the love for Bitcoin (BTC), Dogecoin (DOGE), and Cardano (ADA) is deep. Investors believe in the potential of cryptocurrency and are willing to tap into volatility in hopes of generating substantial returns over the long term. Machine learning algorithms at PricePredictions predict the price of BTC, ADA and DOGE for the month of February.
Bitcoin price prediction; Will BTC bring some love?
To celebrate Valentine’s Day and explore the potential impact of the holiday on gift purchases of Bitcoin, we looked at artificial intelligence predictions. We also took a retrospective look at Bitcoin’s past performance on Valentine’s Day to identify any correlations. Specifically, machine learning algorithms at PricePredictions predict that the price of Bitcoin will hit $23,868 on February 14, 2023, according to data received on Jan.
Bitcoin Valentine’s Day price prediction / Source: PricePredictionsIndeed, the platform’s artificial intelligence (AI) combines technical analysis (TA) indicators including moving averages (MA), moving average convergence divergence (MACD), relative strength index (RSI), Bollinger Bands (BB) and more. He predicts a 4.11% increase in BTC price.
Historical Bitcoin Valentine’s Day prices
Valentine’s Day 2021 saw all-time highs reach up to $49,000 per day. But more than a year later, Bitcoin was already trading below this level at $42,000.
H/T #lukespajic #bitcoin #bitcoins #cryptocurrency #crypto pic.twitter.com/82EZXLS9pV
— Mohamed A. El-Erian (@elerianm) February 14, 2021
Although BTC is almost half that value, it will be until this year’s holiday to rectify the situation and keep the romance alive. However, after a series of red monthly candles, Bitcoin can be bought once again, making it a potential gift to loved ones this year.
In terms of sentiment on TradingView’s 1-day technical analysis indicators, they’ve been quite bullish, pointing to a ‘buy’ at 14. In terms of sensitivity, the oscillators sit in the ‘neutral’ region at 8. However, the moving averages suggest ‘strong buy’ at 14.
Bitcoin 1-day indicators / Source: TradingViewCardano (ADA) price prediction
cryptocoin.com As you can follow, it has entered the third week of its bullish rally in the cryptocurrency market. Cardano (ADA) followed suit as well. Investors are seeing if there is room for further optimism for the eighth-largest cryptocurrency by market cap. According to data received on January 24, machine learning algorithms at PricePredictions predict the price of Cardano to be $0.3867 on February 1, 2023. It seems that this optimism is not unfounded. So AI predicts a 1.74% increase in ADA price by the beginning of February.
Cardano 30-day price forecast / Source: PricePredictionsIn terms of sentiment on TradingView’s 1-day technical analysis indicators, it shows that the oscillators are in the ‘neutral’ zone at 8. However, the moving averages suggest ‘strong buy’ at 11. The summary, on the other hand, gives a bullish signal by pointing to a ‘buy’ at 12.
Cardano 1-day sentiment indicators / Source: TradingViewDogecoin (DOGE) price prediction
After the year started optimistically for most of the cryptocurrency market, the momentum seems to be slowing down, including Dogecoin (DOGE), which has gained over 21% since Jan 1 but fell more than 5% in the last day. According to the votes of CoinMarketCap crypto community members on January 25, the average price of Dogecoin on January 31, 2023 will be $0.08135. If the predictions come true, it means that Tesla CEO Elon Musk’s favorite coin will drop by 4.13% from its current price.
Dogecoin social average price forecast / Source: CoinMarketCapAt the same time, machine algorithms at PricePredictions are slightly less bearish than the community, predicting that the DOGE price will likely be $0.086048 on January 31, 2023.
Dogecoin 7-day forecast / Source: PricePredictionsInterestingly, sentiment around Dogecoin on one-day TradingView indicators is positive, showing a ‘buy’ at 14. This is summed up by the oscillators being in the ‘buy’ zone at 2 and the moving averages (MA) at 12 pointing to a ‘strong buy’.
Dogecoin 1-day sentiment indicators / Source: TradingView
