Bitcoin is currently trading at $87,926, a quick retracement from its peak of $93,000. This comes with a daily loss of 2.38%. However, Bitcoin's market capitalization remains at $1.7 trillion.
While the 7-day trend remains positive at 15.45%, Bitcoin has gained nearly 32% in the last 30 days. So, amidst the sudden drop, we decided to ask chatGPT when Bitcoin price will hit $100,000. So, without further ado, let’s take a look at ChatGPT’s Bitcoin price prediction.
Bitcoin Price Performance
On the weekly chart, BTC price action shows a bullish breakout of the falling channel. The breakout also led to a bullish flag breakout. The ongoing rally recently peaked at $93,483. Currently, BTC price is trading at $87,753.
The bull run now holds 67% of the $52,500 support. With three consecutive bullish candles, BTC bulls have broken above the 23.60% Fibonacci retracement level at $75,818.
As BTC price moves closer to the psychological $100,000 mark, the next resistance lies at the 50% Fibonacci level. This leads to a price target of $111,868. On the downside, the key support level for BTC is at $75,818.
Moreover, the MACD line and the signal line on the weekly chart remain positive.
So, let's see how ChatGPT predicts Bitcoin price trends if Trump or Harris wins the election.
Chatgpt Prediction of Bitcoin Reaching $100,000!
Based on the overall analysis and the ongoing bull run, ChatGPT predicts that the Bitcoin bull run has enough potential to reach $233,697. However, the immediate target for the BTC price trend is $111,868. On the downside, the BTC price trend may find support at $75,818.
