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

ChatGPT, a well-known artificial intelligence, has made a forecast for the price of bitcoin BTC $64,950.58 Mezo Wrapped BTC 0.16% Market capitalization $77.17 million VOL. 24 hours $0.38 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.