Bitcoin
ChatGPT Predicts How High Bitcoin Price Could Go in Q2 2024
Markets are bullish as the price of Bitcoin outpaces the massive supply wave that began last month. As BTC Price passing the $67,000 threshold, secondary traders anticipate a massive increase in the coming months.
The uprising reflects the post-halving rally that began in Bitcoin, which is poised for a new all-time high in May. Will the uptrend in the largest cryptocurrency reach the $100,000 psychological milestone? Is this the first step towards Bitcoin reaching the million dollar mark?
Let’s look at BTC price analysis to gain a deeper understanding. We also asked the latest ChatGPT 4th model to predict the bull run and how high the price of Bitcoin will rise in Q2 2024.
Bitcoin Price Analysis
With an increase of almost 10% in the last 7 days, the BTC Price is reaching new heights and reflects a massive increase in underlying demand. Furthermore, the daily chart shows the recovery ready to challenge the overhead resistance trendline. A rise in the trendline will mean the end of Bitcoin’s retracement phase.
Source: Trading view
Currently, BTC price is trading at $67,217, with an overnight gain of 2.76%, and has recovered the $67,000 mark. Furthermore, the bullish crossover on the VI lines and the increase in the ADX support the possibility of a bull run.
According to trend-based Fibonacci levels, Bitcoin’s moonshot could easily reach the $100,000 mark this year if momentum holds. However, the second quarter only managed to reach the $77,842 mark or the 50% Fibonacci level.
For a more accurate prediction, we asked the latest ChatGPT model to predict how high the Bitcoin rally will reach in Q2 2024.
ChatGPT predicts that Bitcoin will reach US$87 thousand in the second quarter of 2024!
With the bull run underway, ChatGPT predictions were expected to be bullish. However, the analysis surpasses our estimate for an even more optimistic forecast, much closer to $100,000.
With a bearish possibility of dropping to $57,000, the AI predicts the bullish scenario seems more likely. As the post-halving recovery gains momentum, BTC price could reach the $87,613 level by the end of June, per ChatGPT.
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