ChatGPT4o predicts Bitcoin will reach 100k revealing timing

Despite Bitcoin (
BTC
) falling below $70,000, its supporters remain optimistic about its future price. An artificial intelligence (
AI
) model has predicted that the original
cryptocurrency
could reach $100,000 in the near future.

Bitcoin
has experienced some declines recently but has surged over 60% since the beginning of the year, hitting a new all-time high (ATH) in March. This happened shortly before its latest halving event and after the approval of several spot Bitcoin exchange-traded funds (
ETFs
) in the US.

The latest project from
OpenAI
, called ChatGPT-4o, has analyzed online data and forecasted that Bitcoin could hit $100,000 by late 2024 or 2025. The AI model took into account historical trends, technical indicators, expert opinions, market developments, and overall sentiment.

According to the ChatGPT-4o predictions, positive
regulatory
changes and other projections align with the idea of Bitcoin reaching $100,000. The cryptocurrency had surged 661% from its halving event in May 2020 to nearly $69,000 in November 2021.

Currently, Bitcoin is trading at $67,540, representing a 2.74% decrease in the last 24 hours and a 1.83% loss over the past week. However, it has gained 10.71% in the last month.

Bitcoin
whales
are anticipating a price increase, with significant long positions being opened at $69,000. This suggests a bullish sentiment in the market.

Renowned
crypto trader
Michaël van de Poppe believes that Bitcoin could test the $64,000 to $65,000 range before bouncing back up due to upcoming economic data releases.

While ChatGPT-4o’s predictions of Bitcoin reaching $100,000 are promising, it is essential to conduct further research, analyze risks, and stay informed about market developments. Investing in cryptocurrencies is speculative, and capital is at risk.