ChatGPT Predicts: When Will Bitcoin Price Hit $100K?

Published by

Sohrab Khawas

November 15, 2024

ChatGPT Predicts Bitcoin to Peak at $120k This December!

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.

Sohrab Khawas

Sohrab is a passionate cryptocurrency news writer with over five years of experience covering the industry. He keeps a keen interest in blockchain technology and its potential to revolutionize finance. Whether he's trading or writing, Sohrab always keeps his finger on the pulse of the crypto world, using his expertise to deliver informative and engaging articles that educate and inspire. When he's not analyzing the markets, Sohrab indulges in his hobbies of graphic design, minimal design or listening to his favorite hip-hop tunes.