Subscribe to our Telegram channel

Artificial intelligence predicts a 13% drop in the value of bitcoin cryptocurrency

12:12 pm, November 14, 2024

ChatGPT, a well-known artificial intelligence, has made a forecast for the price of bitcoin BTC $90,500.61 Bitcoin -0.88% Market capitalization $1.79 trillion VOL. 24 hours $2.12 billion , according to which the leading cryptocurrency will not grow in value in the near future.

It is worth noting that the artificial intelligence made a forecast for the short term. It does not foresee any changes in the medium or long term.

Thus, ChatGPT assumes that the price of BTC will fluctuate between $ 78,000 and $ 90,000 in the coming days.

The price of $ 90,000 is the historical high reached a few days earlier.

The $ 78,000 mark is reportedly unusual, as it was only briefly breached on November 10 and is not seen as support by many analysts.

Well-known analysts, on the contrary, consider $ 82,000 to be the main support point, or at least $ 81,000, the level from which the sharp rise to $ 90,000 began.

It is worth adding that many analysts also predict a price movement below $ 90,000 or a possible correction.

The main difference between them and ChatGPT is the lower support level. After all, some see the support level just below $ 82,000, while others see it at $ 75,000, $ 72,000, or even $ 69,000.

At the time of writing, bitcoin’s price reached $ 88,054, its market capitalization is $ 1.74 trillion, and daily sales have stopped at $ 102.04 billion.

Read also how artificial intelligence is fundamentally changing cryptocurrency trading strategies by improving data analysis and solving complex problems.

Subscribe to our Telegram channel

BTC

$90,500.61

-0.88%

ETH

$3,138.11

1.14%

BNB

$621.31

0.33%

XRP

$1.13

27.02%

SOL

$215.41

-2.05%

All courses
Subscribe to our
Telegram channel!
The latest news and reviews of the cryptocurrency markets of the last
day right in your messenger. We are waiting for you!
GO TO
Show more