ChatGPT Predicts Bitcoin Price: When Will BTC Price Initiate Bull Run?

Bitcoin Hits the $45,000 Milestone, the Highest Price Since April 2022

After a massive dump in April of 15%, the Bitcoin price is struggling to kick off the next bull run. As the market anticipates a massive jump after the fourth Bitcoin halving, the BTC price struggles near the $60,000 level.

The market grows fearful with the halving moth turning red and the growing supply. Further, the 9 Bitcoin ETFs in the U.S. market failed to perform any significant bullish move in the past few weeks.

Contrary to the historic price trend suggestion of an extraordinary bull run, the current market sentiments spotlight certain speedbumps. So, we asked the ChatGPT to predict when will the bull run in Bitcoin start.

Bitcoin Price Performance

In the short-term picture, the Bitcoin price trend is under extreme supply pressure, evident by the ongoing pullback. As the pullback grows intense, the BTC price is on the verge of violating the $60,000 support twice in a matter of days. Thus, the biggest crypto, dominating almost 53% of the industry, is losing its bullish grip.

Currently, the BTC price trades at $60,810, with a Doji candle forming in the monthly chart. Further, the 5% drop this week puts the support zone at risk and warns of a downfall.

However, if the history stays true, the Bitcoin is awaiting a pivot point for a massive bull run in 2024. So, let’s ask the Artificial Intelligence, ChatGPT, to predict when will the bull run start.

ChatGPT Predicts Bitcoin To Surge In June!

Providing the AI model with our price analysis and the monthly chart marking the Bitcoin halving, ChatGPT provides a bullish view. With high anticipation of a bull run, the AI predicts the bull run will start this June at a gradual pace.

The post ChatGPT Predicts Bitcoin Price : When Will BTC Price Initiate Bull Run? appeared first on Coinpedia Fintech News

Disclaimer: The views and opinions expressed in this blog post are solely those of the author(s) and do not necessarily reflect the official policy or position of Cointacted. Any content provided herein is for informational purposes only and should not be construed as financial, investment, legal, or other professional advice. Readers are encouraged to seek independent advice and conduct their own research before making any investment decisions.

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  1. The recent Bitcoin price fluctuations have left many investors on edge, especially with the anticipation surrounding the fourth Bitcoin halving. Despite the historical trend suggesting a potential bull run, current market sentiments indicate a cautious approach.

    As we navigate through this period of uncertainty, it’s intriguing to seek insights from AI models like ChatGPT. According to its analysis, there’s optimism for a bullish turn starting this June. While the market landscape remains unpredictable, such forecasts offer valuable perspectives for informed decision-making.
    It’ll be fascinating to see how events unfold in the coming months and whether ChatGPT’s prediction aligns with market realities. Until then, staying informed and vigilant is key in navigating the crypto space.