Rally

2024

Bitcoin

The post <a href="https://coinpedia.org/price-analysis/chatgpt-predicts-how-high-can-bitcoin-price-rally-in-q2-2024/" rel="noopener noreferrer nofollow">ChatGPT Predicts How High Can Bitcoin Price Rally in Q2 2024</a> appeared first on <a href="https://coinpedia.org" rel="noopener noreferrer nofollow">Coinpedia Fintech News</a>
The markets are on a bullish treadmill as the Bitcoin price overcomes the massive supply wave that started last month. With the BTC price surpassing the $67,000 threshold, the sideline traders anticipate a massive rise in the coming months.&nbsp;
The uprising reflects the post-halving rally beginning in Bitcoin, which is ready for a new all-time high this May. Will the bullish trend in the biggest cryptocurrency reach the psychological milestone of $100,000? Is this the first step to Bitcoin hitting the million-dollar mark?&nbsp;
Let’s examine the BTC price analysis to gain a deeper understanding. We have also asked the latest ChatGPT 4o model to predict the bull run and how high the Bitcoin price will rally in Q2 2024.&nbsp;
<h2 class="wp-block-heading" id="h-bitcoin-price-analysis">Bitcoin price analysis</h2>
With almost a 10% surge in the last 7 days, the BTC price is scaling new heights and reflects a massive surge in underlying demand. Further, the daily chart shows the recovery rally ready to challenge the overhead resistance trendline. A trendline breakout rally will signify the end of Bitcoin’s pullback phase.&nbsp;
<figure class="wp-block-image"><img decoding="async" src="https://lh7-us.googleusercontent.com/docsz/AD_4nXfa6Xonz4Na_MqKgLgqD7bfuNp-qRWdtNy_2TbORzzj6xPtNpjOpowIcV96Zcrl2EQ41vE9gb9UB_OdFkMbu_a9oA_0Kkh2z6NS8aHAKuP_4zuB2rUk-DidkclpeeTD0u_YtpjdzNILSh-J6isg0TrtiNoS?key=aWqAicaNWNiwcKfEAds3eg" alt="">
 <figcaption class="wp-element-caption">
 Source: <a href="https://www.tradingview.com/x/ahrT1TKd/" rel="noopener noreferrer nofollow">Tradingview</a>
 </figcaption>
</figure>
Currently, the BTC price is trading at $67,217, with an overnight gain of 2.76%, and has reclaimed the $67,000 mark. Further, the bullish crossover in the VI lines and the uptick in ADX support the possibility of a bull run.&nbsp;
According to the trend-based Fibonacci levels, the Bitcoin moonshot could easily reach the $100,000 milestone this year if the momentum sustains. However, Q2 could only get the $77,842 mark or the 50% Fibonacci level.
For a more accurate prediction, we asked the latest ChatGPT model to predict how high the Bitcoin rally will reach in Q2 2024.&nbsp;
<h2 class="wp-block-heading" id="h-chatgpt-predicts-bitcoin-reaching-87k-in-q2-2024-nbsp">ChatGPT Predicts Bitcoin Reaching $87K In Q2 2024!&nbsp;</h2>
With the ongoing bull run in motion, the ChatGPT predictions were expected to be bullish. However, the analysis surpasses our estimate for an even bullish prediction, much closer to $100,000.
<figure class="wp-block-image"><img decoding="async" src="https://lh7-us.googleusercontent.com/docsz/AD_4nXenES4KMbc0P7n7LvYQGrj2MrU1lz_VtcgqicuTjN-FaJn_h_q7FQgQaRrtBDExy-bIuZ6wHsAhvSHCn9QC_K-oooBuzqV3-TdAekll7iRMHV3udusbrrIUWUdd8S70RuTkjGbVcueAc6HOEgquQUoGVis?key=aWqAicaNWNiwcKfEAds3eg" alt="">
</figure>
With a bearish possibility of dropping to $57,000, the AI predicts the bullish scenario appears more likely. As the post-halving rally gains momentum, the BTC price could reach the $87,613 level by the end of June, per ChatGPT.&nbsp;

ChatGPT Predicts How High Can Bitcoin Price Rally in Q2 2024

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