CandleFocus AI sets date when Bitcoin will hit $100,000
2024-11-02
Author: Content Editor
Bitcoin's recent rally and consolidation below the $70,000 mark have raised questions about whether it can reach $100,000. An AI tool called ChatGPT-4o predicts that Bitcoin could hit this milestone by mid-to-late 2025, considering factors such as the 2024 halving, institutional support, and macroeconomic conditions. However, unexpected events could lead to volatility in Bitcoin's price. The upcoming U.S. presidential election and the announcement by Donald Trump to make Bitcoin a U.S. strategic reserve have also influenced recent market sentiment. Despite historical declines before elections, some analysts predict that Bitcoin could surpass $100,000 in the coming year. Currently, Bitcoin is facing the challenge of breaking through the $70,000 resistance level.
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