Editor-DN
With a 34% price increase over the past week, BTC is trading 3% below its all-time high of $99,655. The market cap remains at $1.915 trillion while maintaining a market dominance of 56.43%.
Amidst such positive numbers, the broader market expects the BTC price to cross the $100,000 mark in the first week of December. However, it is important to keep an eye on broader market volatility and changing global market conditions towards the end of 2024.
So, we asked ChatGPT to predict BTC prices in the coming month as crypto enthusiasts expect the last rally of 2024 to start soon.
So, without further ado, let’s look at ChatGPT. Bitcoin price forecast.
Bitcoin price performance
In the 4-hour chart, BTC price action quickly broke out of a triangle pattern. The breakout run failed to cross the $99k mark and is now retesting the broken trendline.
The current 4-hour candlestick is showing a 0.31% gain in price, reflecting fundamental forces attempting to reverse after a retest. have been Based on the Fibonacci levels, BTC price is within the 50% and 61.80% boundary levels.
The range of consolidation will determine the 24-hour price trend and could set the tone for early December. A bullish breakout would push the price of BTC to claim the $100k mark for the first time in history and create a new 6-digit all-time high.
Additionally, the MACD and signal lines maintain a positive alignment. Conversely, key support remains at $95k.
So, let’s check what ChatGPT predicts about Bitcoin price trend in December.
Chatgpt Predictions For Bitcoin Eyes $100k!
To find accurate price predictions from ChatGPT, we provided the AI with ongoing price trends and historical monthly and quarterly returns. Based on this data, a conservative estimate of bitcoin price estimates a 5-10% return from the closing price in November.
This puts the Bitcoin price between $101,600 and $106,500. Therefore, GPT expects BTC to cross the 100,000 mark for sure in the coming month.
In the case of an optimistic view, the increased momentum will increase the price of Bitcoin by 20-25%. This will push the market price of one bitcoin from $116,000 to $120,000.
Frequently Asked Questions
ChatGPT predicts that BTC will surpass $100K, with price targets between $101,600 and $120,000.
Market momentum, Fibonacci retracements, and positive MACD signals support bullish trends.
Critical Support at $95K; Resistance at $99K with upside targets at $106K and $120K.
