ChatGPT predicted the BTC price by early August

According to two models of artificial intelligence (AI), in early August, Bitcoin (BTC) will be traded about $ 130,000, which is due to sustainable institutional demand and favorable macroeconomic conditions.

On the evening of July 16, Bitcoin traded at $ 119,166, adding about 2% over the past 24 hours and almost 10% in the last week. After reaching a record maximum above $ 123,000, cryptocurrency has been a little adjusted, but now it strives for a resistance level of $ 120,000.

As for the prospects, ChatGPT and GROK agree that the market remains steadily optimistic, which is facilitated by a strong influx of funds in spot-bitcoin-ETF, growing introduction in developing markets and a decrease in global inflation.

ChatGPT predicts that by August 1, bitcoin will reach $ 130,000, and will be traded in the range from $ 125,000 to $ 135,000 until the end of summer.

GROK is more optimistic, predicting the cost of $ 135,000 and a trading range from $ 125,000 to $ 145,000 for the same period.

The model revealed bull -technical signals, such as a strong MACD and an increased relative force (RSI) index, not excluding short -term kickbacks due to the fixation of profit by traders.

Meanwhile, market sentiments against bitcoin remain strong: the fear and greed index is 70, which indicates “greed”. The price continues to be held above 50-day ($ 107.744) and 200-day ($ 88.894) simple sliding medium, confirming the upward trend.

However, the 14-day RSI at 68 indicates that the asset is approaching the overwhelming area, and the volatility remains moderate at 4.44%.

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