Currently, the Bitcoin price is trading at $87,926, a quick retracement below the $93,000 peak. This comes with an intraday drop of 2.38%. However, the market cap of Bitcoin remains at $1.7 trillion.
As the 7-day trend remains positive with a 15.45% jump, Bitcoin has increased nearly 32% over the last 30 days. So, amid the sudden pullback, we decided to ask the chatGPT when will Bitcoin price hit $100k. So, without further ado, let’s look at ChatGPT’s Bitcoin price prediction.
Bitcoin Price Performance
In the weekly chart, the BTC price action shows a falling channel breakout rally. The breakout rally also results in a bullish flag pattern breakout. The ongoing bull run has recently made a peak at $93,483. Currently, the BTC price is trading at $87,753.
The bull run currently accounts for a 67% surge from the $52,500 support. With three consecutive bullish candles, the uptrend in BTC prices has surpassed the 23.60% trend-based Fibonacci level priced at $75,818.
As the BTC price inches closer to the $100,000 psychological mark, the next resistance level stands at a 50% Fibonacci level. This results in a price target of $111,868. On the flip side, the crucial support for BTC stands at $75,818.
Furthermore, the MACD and signal lines in the weekly chart maintain a positive alignment.
So, let’s check out what ChatGPT predicts of the Bitcoin price trend if Trump or Harris wins the elections.
Chatgpt Predictions for Bitcoin Eyes $100k!
Based on the shared analysis and the ongoing bull run, ChatGPT predicts the Bitcoin bull cycle having enough potential to reach $233,697. However, the immediate target for the BTC price trend at $111,868.
Conversely, the BTC price trend could find support at $75,818.
Earn more PRC tokens by sharing this post. Copy and paste the URL below and share to friends, when they click and visit Parrot Coin website you earn: https://parrotcoin.net0
PRC Comment Policy
Your comments MUST BE constructive with vivid and clear suggestion relating to the post.
Your comments MUST NOT be less than 5 words.
Do NOT in any way copy/duplicate or transmit another members comment and paste to earn. Members who indulge themselves copying and duplicating comments, their earnings would be wiped out totally as a warning and Account deactivated if the user continue the act.
Parrot Coin does not pay for exclamatory comments Such as hahaha, nice one, wow, congrats, lmao, lol, etc are strictly forbidden and disallowed. Kindly adhere to this rule.
Constructive REPLY to comments is allowed