The post ChatGPT Predicts: When Will Bitcoin Price Hit $100K? appeared first on Coinpedia Fintech News
Currently, the Bitcoin price is trading at $87,926, a quick retracement below the $93,000 peak. This comes with an intraday drop of 2.38%. However, the market cap of Bitcoin remains at $1.7 trillion.
As the 7-day trend remains positive with a 15.45% jump, Bitcoin has increased nearly 32% over the last 30 days. So, amid the sudden pullback, we decided to ask the chatGPT when will Bitcoin price hit $100k. So, without further ado, let’s look at ChatGPT’s Bitcoin price prediction.
Bitcoin Price Performance
In the weekly chart, the BTC price action shows a falling channel breakout rally. The breakout rally also results in a bullish flag pattern breakout. The ongoing bull run has recently made a peak at $93,483. Currently, the BTC price is trading at $87,753.
The bull run currently accounts for a 67% surge from the $52,500 support. With three consecutive bullish candles, the uptrend in BTC prices has surpassed the 23.60% trend-based Fibonacci level priced at $75,818.
As the BTC price inches closer to the $100,000 psychological mark, the next resistance level stands at a 50% Fibonacci level. This results in a price target of $111,868. On the flip side, the crucial support for BTC stands at $75,818.
Furthermore, the MACD and signal lines in the weekly chart maintain a positive alignment.
So, let’s check out what ChatGPT predicts of the Bitcoin price trend if Trump or Harris wins the elections.
Chatgpt Predictions for Bitcoin Eyes $100k!
Based on the shared analysis and the ongoing bull run, ChatGPT predicts the Bitcoin bull cycle having enough potential to reach $233,697. However, the immediate target for the BTC price trend at $111,868.
Conversely, the BTC price trend could find support at $75,818.