Bitcoin (BTC), the world’s largest cryptocurrency, exceeded $30,000 for the first time since April 2019. The coin’s performance is attributed to the number of traditional finance players flocking to buy the coin. It’s unclear how this activity will affect BTC price in the future, but Avorak Trade has predictions on where it could go next.
Bitcoin Price Prediction
BTC price charts show a bullish trend as the coin has been on an upward trajectory since the start of the year, showing signs of recovery from the crypto winter of 2022. Bitcoin hit $30,000 after some of the biggest players in traditional finance (TradFi), including BlackRock, Fidelity, and Deutsche Bank, announced their entry into the crypto industry.
TradFi players seem to be able to handle the ongoing regulatory crackdown by the Securities and Exchange Commission (SEC) on crypto companies. Experts predict that BTC prices will continue to rally as the market prepares for the next Bitcoin halving scheduled to take place in 2024.
Avorak Trade Helps with Price Predicted
Anyone interested in investing in Bitcoin can leverage the tools Avorak AI has to offer that help traders make profitable trading decisions. Avorak is a new AI-powered crypto project that integrates blockchain and artificial intelligence to simplify and revolutionize activities on the blockchain network. The project has a trading feature, Avorak Trade, that assists traders in navigating the volatile crypto market through automation.
Avorak Trade uses AI-powered algorithm indicators to enhance the trading experience of both new and experienced traders. The tool utilizes an automated API to generate a large set of indicators for traders and alert them of market trends and patterns changes.
Avorak Trade is handy when eliminating the risks associated with emotion-driven trading or poor market analysis. Using artificial intelligence, Avorak Trade can generate accurate price predictions for cryptocurrencies, including Bitcoin. The feature will be helpful for investors looking to profit from Bitcoin in the next bull run, which will occur after Bitcoin halving in 2024.
To access Avorak’s tools, users must purchase AVRK tokens. AVRK is the native token of the project and is used to fuel transactions and reward users on the platform. The project is currently in phase 8 of its Initial Coin Offering (ICO), and users who purchase AVRK at this stage are eligible for a 3% bonus. The price of each token is settled at $0.27 per token.
Avorak also has an inbuilt staking platform allowing investors to earn passive income while holding their AVRK tokens. The staking platform has three liquidity pools: Diamond, Platinum, and Gold. Each pool has exclusive perks depending on the duration the investor intends to lock their tokens. The Diamond pool is the most exclusive, allowing investors to lock funds for 1 year with more than 14% annualized percentage return on investment.
Conclusion
The crypto industry keeps growing despite the regulatory challenges surrounding it. Players in traditional finance are announcing their entry into the crypto space, pushing Bitcoin, the world’s largest cryptocurrency, to the $30,000 mark. As blockchain technology develops, investors are interested in innovations such as integrating artificial intelligence. Avorak AI offers traders tools that simplify trading activities using artificial intelligence and can help traders make profitable decisions from accurate market analysis.
Learn more about Avorak AI on:
Website: https://avorak.ai
Buy AVRK: https://invest.avorak.ai/register
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