The deep learning algorithms over at the cryptocurrency monitoring platform PricePredictions have set the price of Bitcoin at $23,597 by the end of March, according to the data accessed by Finbold on February 28.

As it happens, the algorithms rely on technical analysis (TA) indicators, including relative strength index (RSI), moving averages (MA), moving average convergence divergence (MACD), Bollinger Bands (BB), average true range (ATR), accumulation/distribution line (A/D), and on-balance volume (OBV).

Provided that the projections made by the algorithms deploying these indicators prove correct, it would mean the flagship decentralized finance (DeFi) asset on March 31 would be changing hands 0.79% higher than its current price, which at press time stood at $23,413.