The post ChatGPT Predicts Bitcoin Price For September: Upside Extends To $73K! appeared first on Coinpedia Fintech News
With a 10% drop in the last week, Bitcoin stays under the $60,000 to test, putting additional pressure over the $57K mark. Starting a new month, the bullish resurgence in Bitcoin reclaims the $58K mark and aims to surpass the $60K mark. To find out if the sudden surge of recovery in Bitcoin will hit a new all-time high, let’s check the Chatgpt Predictions for Bitcoin.
By sharing the latest price data and the historical price movement of Bitcoin, we asked ChatGPT to predict the Bitcoin price for September. So, without further ado, let’s look at the ChatGPT’s Bitcoin price prediction.
Bitcoin Price Performance
In the daily chart, the BTC price action shows a solid bullish fort at the $57K mark, keeping the bullish hope alive. Avoiding a closing price under $57K, the bear cycle concludes after an 11% drop. However, the growing bearish influence warns of a death cross between the 200-day and 50-day EMA.
Shifting the tides, the 3.18% jump on Monday, the bull cycle teases a massive surge ahead. The recovery prepares to surpass the 200-day EMA as the bullish engulfing candle teases a breakout rally.
Based on the price action, a bearish channel is visible and the support levels are present at $57K and $55,852. On the upside, the bullish targets for the BTC price trend above $60K are at $64,766 and $68,000.
Chatgpt Predictions for Bitcoin Eyes $70K Breakout!
Sharing the price analysis chart to ChatGPT, it reveals two scenarios for Bitcoin ahead. With a bearish setup, the Bitcoin price can test the $55,000 mark if it drops under the $58,000 level.
In a neutral to bullish scenario, the upside potential in Bitcoin in September extends to the $73,000 mark. However, the Chatgpt Predictions for Bitcoin also reveal strong resistance at $60,981 and $64,000.