🕯💸AI has predicted a rise in Bitcoin to $100,000 by the end of the year
Researchers from **Spot** **On** **Chain**, using Google Cloud's Vertex AI platform, have forecasted Bitcoin prices for the next two years. In the coming months, from May to July, the cryptocurrency's price is expected to fluctuate between $56,000 and $70,000, with a nearly half chance—48%—of it falling below $60,000. 📉
In the subsequent months of 2024, analysts anticipate a more significant increase in value—to $100,000 with a 63% probability. Experts believe such growth will be supported by the lowering of interest rates, expected after the December FOMC meeting, which will stimulate demand for Bitcoin as a risky asset. 🚀
Additionally, Spot On Chain's analytical model predicts that in the first half of 2025, there is a 42% chance that Bitcoin will reach $150,000. Looking at the entire year of 2025, the chances of exceeding this mark increase to 70%. These data confirm the bullish trend in the cryptocurrency market. 📈
Bitcoin's historical highs are usually updated within 6-12 months after each halving, which is also considered in the analysts' forecasts. They include a variety of factors, such as interest rate cycles, halvings, ETFs, and other market trends. 🌐
