Bitcoin It increased the expectations in the crypto market by successfully completing its fourth halving event.
As we reported as Koinfinans.com, interpretations of Anthropic’s Claude 3 Opus artificial intelligence (AI) model are used to understand Bitcoin’s performance after the halving. Claude A.I.‘s analysis suggested that, based on historical data and observed results of previous halving events, BTC is poised for a significant price increase after this latest event.
For example, it is notable that the Bitcoin price rose from $8,000 to $64,000 within a year of the halving in May 2020. This means that halving events cryptocurrency It highlights the significant impact it has on the value of the unit.
Bitcoin trading above the $64,000 level supports Claude AI’s view that it offers a solid foundation for further growth in the coming months. Therefore, considering various factors, it is estimated that Bitcoin could potentially surpass $100,000. It is noteworthy that the AI model does not make a specific prediction about the timing of reaching this milestone.
“Based on various analyst forecasts and market trends, the highest price Bitcoin could reach after the halving in 2024 could range between $150,000 and $300,000. “Some even suggest it could go as high as $400,000, depending on the level of institutional acceptance and overall market sentiment.”
The AI analysis takes into account Bitcoin’s increasing institutional adoption and overall market sentiment. However, it has been warned that price estimates may be affected by general market fluctuations.
It is observed that Bitcoin remains stable above the $60,000 support zone, despite the recent increased price volatility, especially due to geopolitical tensions.
Experts highlight several key factors to watch as Bitcoin enters the post-halving era. For example, according to a Finbold report, crypto analyst Rekt Capital stated that the period before the halving sets the stage for the next phase in Bitcoin’s halving cycle. This analyst suggested that the decline provides a basis for reaccumulation before a possible parabolic rise that characterizes a potential increase in value.
