Bitcoin's price is currently at a three-month low and below $90,000, with the $80,000 level seen as a crucial support for preventing further declines. The AI model Grok 3 predicts that Bitcoin's correction is nearing its final stages and a potential bottom could form in the coming weeks. The model also suggests that the current decline is a mid-cycle correction rather than the start of a prolonged bear market. However, external factors such as regulatory changes and macroeconomic conditions could influence this timeline. Technical indicators and on-chain data indicate the possibility of a rebound in the near future, with Bitcoin's active addresses hitting a three-month high. However, the $80,000 support and $90,000 resistance levels will be crucial in determining the next price movement.
Content Editor ( finbold.com )
- 2025-03-02
Grok 3 sets date when Bitcoin price will bottom
