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AI predicts Bitcoin price for August 1, 2024
After Bitcoin (BTC) began the week positively, with its price hovering around $67,000 and boosting the rest of the cryptocurrency market, artificial intelligence (AI) algorithms predict further bullishness and advances for the leading cryptocurrency in the coming months.
Bitcoin has firmly established itself above the crucial support level of $66,000 and has now surpassed $67,000. This achievement has instilled confidence and optimism in both the crypto industry and advanced AI forecasting algorithms.
**BTC Price Prediction**
One AI algorithm, utilizing historical BTC trends, technical analysis (TA) indicators, chart patterns, and relevant developments, projects that Bitcoin could reach $97,264 by August 1, 2024, representing a 44.89% increase from its current price.
Additionally, the latest version of OpenAI's ChatGPT, named GPT-4o, predicts Bitcoin's price on August 1, 2024, to be between $76,348.50 and $89,108.83, considering ongoing market factors and historical trends.
Meanwhile, the newest Anthropic AI model, Claude 3 Opus, is even more optimistic, forecasting that Bitcoin could trade between $105,072 and $167,808 by August 2024, factoring in post-halving sentiment and exchange-traded funds (ETFs).
