Artificial intelligence predicts the value of bitcoin amid a large-scale market decline

Given the bearish outlook and the potential impact of the Mt. Gox, ChatGPT-4o expects BTC $65,755.33 Bitcoin -0.33% Market capitalization $1.3 trillion VOL. 24 hours $0.6 billion prices to decline in the near term.

The AI platform noted that key support levels to watch include:

• $ 58,000 — $ 60,000, a zone of psychological and historical support;
• $ 55,000, a strong support level based on past price action;
• $ 50,000, the main psychological barrier and reliable historical support.

If bitcoin breaks below $ 50,000, the AI tool predicts a further drop, which could lead to a price drop to $ 45,000, which was previously a strong support level during corrections. ChatGPT-4o has maintained a bullish long-term outlook for bitcoin despite short-term bearish pressure. Factors contributing to this optimism include growing institutional adoption, decreasing new supply due to a reduction in the number of events, and the growing acceptance of bitcoin as a store of value.

For investors looking to capitalize on potential drops, ChatGPT-4o suggested watching for approaching key support levels, looking for signs of price stabilization or reversal, and monitoring indicators of decreasing fear or increasing investor confidence. Once the impact of the Mt. Gox debt payments have been absorbed, an easing of selling pressure could create more favorable market conditions.