As the crypto market capitalization reaches nearly $2 trillion, the bulls are back on the scene. In this upward trend, Bitcoin The price is regaining bullish momentum by regaining $52,000 levels.
The breakout of the inverse head and shoulders formation appearing on the weekly chart indicates that Bitcoin may experience a sharper rise in the near future. With the impact of this increasing momentum and the upcoming halving event, uncertainties regarding BTC’s goals are increasing.
In this context, ChatGPT was consulted regarding the BTC bull run and its possible targets.
Currently, BTC price is trading at $51,963 with a weekly gain of 7.55% to challenge the upper Bollinger band. Additionally, the upward trend in trading volume supporting the breakout increases the likelihood of a prolonged uptrend.
Bitcoin Forecast from ChatGPT
Bitcoin’s possible price predictions leading up to and after the 2024 halving event are quite optimistic. A large increase is predicted before the halving, possibly targeting a price close to the previous high. This is approximately $99,552.
After the halving, it is estimated that the price of Bitcoin may climb to approximately $234,053. However, it is anticipated that the market may stabilize or improve by the end of 2024.
It is possible that the upward trend will continue in 2025. In this case, it is thought that BTC could target approximately $317,181 depending on various factors. These predictions reflect specific scenarios regarding Bitcoin’s future performance.
