HomeAIBitcoin: according to the AI, its value will not rise

Bitcoin: according to the AI, its value will not rise

While many analysts argue that the bull run of Bitcoin (BTC) value could continue in the weeks to come, a prediction made with AI instead suggests the opposite.

It might appear as a contrarian forecast, but upon closer analysis, it actually seems in line with that of the analysts. 

Bitcoin (BTC) Value Forecast in the Short Term for AI

The forecast on the value of Bitcoin (BTC) was made by ChatGPT’s AI.

It refers, however, only and exclusively to the short term, and says nothing about the medium/long term. 

The hypothesis of ChatGPT is that in the coming days the price of BTC should fluctuate between $78,000 and $90,000.

The 90,000 dollars are also in fact the all-time historical maximum ceiling up to now, touched both yesterday and the day before yesterday, but not surpassed. 

The 78,000 dollars, on the other hand, is a strange threshold because it was reached only for a very brief moment on November 10, and it was surpassed with momentum. As of today, not many analysts see this threshold as a support. 

Instead, the threshold that is most commonly seen as support is $82,000, or at most $81,000, which is the point from which Monday’s FOMO started that led towards $90,000. 

This forecast by ChatGPT, however, only refers to what will happen in the coming days, or at most in the coming weeks. 

The analysts’ forecasts

In the short term, many other analysts also expect a lateral movement below $90,000, or a correction. 

The only real difference compared to ChatGPT is the bottom, which some analysts see just below $82,000, and others see lower, at $75,000, $72,000, or even $69,000. 

These are figures taken from the trend of BTC price in recent weeks, and in particular since the hypothesis began to spread that the US presidential elections could be won by Donald Trump.

The 69,000 dollars are the price level that characterized the trend of Bitcoin’s price at the beginning of November, before the elections, while in October the level that characterized the trend in the second half of the month was 67,000 dollars. 

So the threshold of $78,000 hypothesized by ChatGPT seems a bit random, after all, ChatGPT does not perform analysis, but simply takes data from different sources and assembles them. 

At this moment, the main threshold of attention is actually the 82,000$ from which the FOMO started, while the lower threshold is the 69,000$ from which the bullrun began when the news of Trump’s victory started to spread. 

AI and the value of Bitcoin (BTC)

Nowadays, commonly used services that leverage artificial intelligence, like ChatGPT, do nothing but gather information from the web and reassemble it into responses provided to those who ask them questions using common language.

Certainly, there are tools for in-depth analysis of financial markets that leverage AI, but they are not integrated into generalist tools like ChatGPT and similar. 

For example, asking Grok what price Dogecoin will have in November 2025, the answer given is that the forecasts for the price of Dogecoin in November 2025 vary depending on the sources and analysts.

Grok is the artificial intelligence chatbot of X by Elon Musk, the main supporter of Dogecoin. However, Grok, like other generalist chatbots, does not perform market analysis, but simply collects data from various sources in order to provide them in concise answers.

Moreover, some of the predictions he mentions already seem completely wrong, such as the one suggesting that in 2025 the maximum price of Dogecoin would not exceed $0.2. The current price of Dogecoin is $0.37, and on Monday it exceeded $0.43. 

In other words, the predictions of AI chatbots on financial markets are totally unreliable, because they are not the result of analyses conducted by experts, but only the assembly of information published online by anyone. 

The trend of Bitcoin in the coming months

The discussion above changes completely if one ventures to imagine how the price of BTC might evolve from December onwards. 

In fact, as early as December, there may be other phases of FOMO, and perhaps there could be some in January as well. 

Furthermore, it seems highly likely that in the next twelve months there will be a strong and prolonged decline in the Dollar Index, to which Bitcoin in the medium/long term is inversely correlated. 

The Dollar Index is on the rise after Trump’s victory, and it could continue to be for a few more weeks. It is already close to the annual highs, and it could even reach 107 points. 

However, in the period following the US presidential elections, it generally falls for several months, so much so that in the past, in the year following the elections, it has fallen several times to as low as 90. Such a decline could significantly help the value of Bitcoin to grow further, but it will take months for a similar scenario to materialize.

Marco Cavicchioli
Marco Cavicchioli
Born in 1975, Marco has been the first to talk about Bitcoin on YouTube in Italy. He founded ilBitcoin.news and the Facebook group" Bitcoin Italia (open and without scam) ".
RELATED ARTICLES

Stay updated on all the news about cryptocurrencies and the entire world of blockchain.

MOST POPULARS