ChatGPT4o predicts Bitcoin will reach 100k Find out when
Despite Bitcoin (
BTC
) falling below $70,000, its supporters remain optimistic about its future price. An artificial intelligence (
AI
) model has predicted that the leading cryptocurrency could hit $100,000 in the coming years.
Bitcoin has seen fluctuations recently but has surged over 60% since the beginning of the year, reaching a new all-time high in March. The approval of several spot Bitcoin exchange-traded funds (
ETFs
) in the US has also contributed to its growth.
The latest AI project by
OpenAI
, ChatGPT-4o, has analyzed data and suggested that Bitcoin could reach $100,000 by late 2024 or 2025. The model considers historical trends, technical indicators, expert opinions, market developments, and sentiment in making this forecast.
According to ChatGPT-4o, positive
regulatory
developments and past performance support the prediction. Bitcoin has surged 661% since its halving event in May 2020, reaching nearly $69,000 in November 2021.
Currently, Bitcoin is trading at $67,540, with a slight decline over the past 24 hours and the previous week but an increase over the last month. Bitcoin
whales
have opened significant long positions at $69,000, indicating a potential bullish trend.
Renowned
crypto analyst Michaël van de Poppe believes Bitcoin might test the $64,000-$65,000 range before reversing its trend due to upcoming economic data. Despite the AI model’s optimistic prediction, it is essential to conduct additional research, risk analysis, and monitor market developments.
Disclaimer: The information provided should not be taken as investment advice. Investing in cryptocurrencies carries risks, and capital is at risk.