ChatGPT Predicts How High Can Bitcoin Price Rally in Q2 2024

The markets are on a bullish treadmill as the Bitcoin price overcomes the massive supply wave that started last month. With the BTC price surpassing the $67,000 threshold, the sideline traders anticipate a massive rise in the coming months.

The uprising reflects the post-halving rally beginning in Bitcoin, which is ready for a new all-time high this May. Will the bullish trend in the biggest cryptocurrency reach the psychological milestone of $100,000? Is this the first step to Bitcoin hitting the million-dollar mark?

Bitcoin price analysis

With almost a 10% surge in the last 7 days, the BTC price is scaling new heights and reflects a massive surge in underlying demand. Further, the daily chart shows the recovery rally ready to challenge the overhead resistance trendline. A trendline breakout rally will signify the end of Bitcoin’s pullback phase.

With the ongoing bull run in motion, the ChatGPT predictions were expected to be bullish. However, the analysis surpasses our estimate for an even bullish prediction, much closer to $100,000.

With a bearish possibility of dropping to $57,000, the AI predicts the bullish scenario appears more likely. As the post-halving rally gains momentum, the BTC price could reach the $87,613 level by the end of June, per ChatGPT.