With the crypto market capitalization reaching almost the $2 Trillion mark, the bulls are back in the driving seat. Amidst the bullish frenzy, the Bitcoin price reclaims the $52K mark and gives a bullish trend reversal.
Further, with the inverted head and shoulder breakout in the weekly chart, Bitcoin is teasing a sharper jump in the coming future. With such increasing elements of bullish variables in the weekly chart and the upcoming halving event, we tasked ChatGPT to predict the bull run in Bitcoin and the potential targets.
Source: Tradingview
Currently, the BTC price is trading at $51,963 with a weekly gain of 7.55% to challenge the upper Bollinger band. Further, the rising trend in the trading volume supporting the breakout run increases the likelihood of a prolonged uptrend.
ChatGPT Predicts A SUPER BULL RUN For Bitcoin!
The ChatGPT’s response is an extremely bullish Bitcoin price prediction leading up to and following the 2024 halving event. It predicts a potential increase before the halving, possibly reaching near the previous high of around $99,552.
Post-halving, it suggests the price could climb to approximately $234,053, influenced by reduced supply and positive market factors. By the end of 2024, the market may stabilize or correct.
In 2025, if the bullish trend persists, Bitcoin might target around $317,181, depending on various factors.
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.
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