Bitcoin price $45k by ending of 2023: AI prediction

Kemarit

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Quote from: Franctoshi on January 02, 2024, 05:35:55 AM

Good predictions By the AI prediction tools though it happened today, a few days after the end of 2023 December 31st they predicted, but eventually, it was actually a good timing. However, this is not enough reason to rely on this AI for accuracy and doesn't mean they can't be wrong as well, we need to see more of accurate predictions like this in the future to ascertain their credibility. I will only use such AI tools as an aid to my market analysis, but not to rely totally on this AI tools in taking market decisions.

Yes, as I said before, it was very close, but fortunately, at the start of the year, with all the bullish sentiments all over the crypto market, suddenly we hit $45,000 and even higher. So with the way it looks, it seems that the AI is on the dot, also it's off like a day or two with it's own prediction.

Nevertheless, AI or not, the market seems to be going though to this price. As we all know, this bullishness is because of the Bitcoin ETF approval that everyone is expecting this month. And so they jump on the market already for this big anticipation.

Franctoshi

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Good predictions By the AI prediction tools though it happened today, a few days after the end of 2023 December 31st they predicted, but eventually, it was actually a good timing. However, this is not enough reason to rely on this AI for accuracy and doesn't mean they can't be wrong as well, we need to see more of accurate predictions like this in the future to ascertain their credibility. I will only use such AI tools as an aid to my market analysis, but not to rely totally on this AI tools in taking market decisions.

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Quote from: WhyFhy on January 02, 2024, 02:06:03 AM

Quote from: mich on January 02, 2024, 02:00:43 AM

Well now we can see the 6 AI Chatbots are correct. Price of Bitcoin is now more then 45k. It is above 45k for first time since April 2022 just ahead of possible ETF approval that might happen any time now.

https://www.livemint.com/market/cryptocurrency/bitcoin-price-surges-above-45-000-for-first-time-since-april-2022-on-etf-approval-hopes-11704165281422.html

If we are going verbatim, it's wrong. "Starting of 2023" would make it correct. (Right?)
But, the results and timing are close enough to establish some good credibility.

Why would starting of 2023 make it correct. The title of OP said "...by ending of 2023". The timing is highly accurate on the premise of speculation. I have never seen it being so close before. Besides, there has been prediction that bitcoin will not exceed 45k in 2023. It was a popular opinion before AI took up the information. This does not now validate that we should follow the AI verbatim from henceforth.

Quote from: mirakal on December 29, 2023, 07:21:48 PM

Quote from: wmaurik on December 15, 2023, 09:15:16 AM

Quote from: highalch on December 11, 2023, 10:00:58 AM

45k seems reasonable, but I would question how those AIs came to the decision.

A large language model does not simply do maths, does not take past price data into consideration, just makes up a random number from a huge amount of outdated text.

And most of the current generally available AIs are as good as few year old random spam articles scattered around the internet. Because they have exactly been trained on that data.

This is not a decision, but only a prediction based on data that already exists on the internet so that AI can process it more quickly in order to predict the price of Bitcoin which will occur at the end of this year. However, already in the middle of this year the price of Bitcoin still has not reached the predicted price level but is only approaching it and if this price level can reach it in the next two weeks, I think this level will be passed and will not stop at $45K.

We are now at the last days of the year and bitcoin price even dropped a little, but it never realized the AI prediction of $45k but it was really closed to that. However, if this prediction may fail by the end of this year, then it's very much possible by early january next year. AIs predictions were only based on the onhand datas in the internet so its not really a complete prediction without good basis. Sometimes, AI hits also the exact price prediction but most of the time it didn't or it might only close to the reality.

DYOR is the key. If we can't rely AI to the highest level, then probably our own market analysis will do the math well.

While were processing how AI prediction, it proved us wrong. It has happened as predicted. Although you have said that if the 45k prediction fails at the end of 2023, that will happen in the first week of 2024. We can actually argue that AI uses different time zone, maybe AI is still in 2023 Grin

I agree with you that AI makes decisions from random data (some outdated), but the fun of it is that we are happy seeing AI prediction happen.

WhyFhy

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Quote from: mich on January 02, 2024, 02:00:43 AM

Well now we can see the 6 AI Chatbots are correct. Price of Bitcoin is now more then 45k. It is above 45k for first time since April 2022 just ahead of possible ETF approval that might happen any time now.

https://www.livemint.com/market/cryptocurrency/bitcoin-price-surges-above-45-000-for-first-time-since-april-2022-on-etf-approval-hopes-11704165281422.html

If we are going verbatim, it's wrong. "Starting of 2024" would make it correct. (Right?)
But, the results and timing are close enough to establish some good credibility.

Edit ,2023 was a typo.

mich

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Well now we can see the 6 AI Chatbots are correct. Price of Bitcoin is now more then 45k. It is above 45k for first time since April 2022 just ahead of possible ETF approval that might happen any time now.

https://www.livemint.com/market/cryptocurrency/bitcoin-price-surges-above-45-000-for-first-time-since-april-2022-on-etf-approval-hopes-11704165281422.html

Kemarit

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Quote from: erep on December 23, 2023, 06:59:09 PM

Quote from: wmaurik on December 19, 2023, 06:59:41 PM

If that price prediction is said for this year or for the end of this year, everyone only needs to wait about eleven more days before we all end this year quite well and happily at a certain price level even though what the AI predicted has almost come true for all person. Of the several price movements that are still occurring in Bitcoin this month, the price is always held back and corrected when it almost touches $44K and even when it passes $44K in a few days. But if by the end of this year the price of Bitcoin can only be at $44K, that means the accuracy created by AI is only around 90%.

We have a few more days to see the potential for the market to grow at a price of $45k but I am sure the predictions will reach the target because the current market price is $44k, some people may predict again for next year's price analysis using AI, people trust predictions more realistic compared to human predictions which predict high prices that can potentially be achieved over the next 5 years, but actually we need a tool that can accurately predict the price of bitcoin in the next few months.

From several speculation threads that I have reviewed, I might get that the AI predictions in this thread are predictions with the right predictions, many people will trust AI to predict bitcoin for speculation on bitcoin prices in 2024.

Almost but not quiet, we are $42,000 at the end of the year, so it's very close prediction but we all know that if humans or individuals like us have difficulty predicting the price, then what's more with AI. There could still be room for improvement in AI though, but still, AI is feed by us so what do you expect?

At least though as far as the price, we are above $40,000 and that is huge entering 2024, we are in a momentum to get over at least $50,000 before the halving. And if I'm not mistaken, everyone is waiting for the Bitcoin Spot ETF approval this January, so it's huge month for us.

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Quote from: Marvell1 on December 15, 2023, 05:47:22 AM

Quote from: Sexylizzy2813 on December 11, 2023, 05:18:37 AM

Quote from: crwth on December 09, 2023, 11:24:45 PM

Would this be a sign that it would replace those kind of trading signals? What an amazing prediction by the AI bot here. I’m pretty curious how the boat analyse this and what are the parameters that were given to it to arrive to this conclusion because it’s somehow accurate with what’s happening now. Maybe we could recreate it or improve more our skills when it comes to trading or such.

Is not yet the end of 2023 and with the price looking as if is not yet to go make a move should be a sign to show that it might get past $45k and AI can be 100% wrong if care isn't taken, which I believe so.
Although the market price is some how having it rough in making a positive move and in the last 48hrs if not more you'd agree with me that we have been seeing a drastic drop in price, just hope this week can start up something positive.

Although bitcoin never touched or surpassed $45k this year, there was a time when bitcoin crossed $44k. So the fact that the AI made a prediction of 45k USD, a quite accurate number and can be considered an unexpected success, you cannot ask it to predict accurately to every detail, to every number. No one can make such relative predictions, including self-proclaimed experts or professional traders. I'm curious what your prediction is for bitcoin later this year when you say AI is making wrong predictions about bitcoin price?
I've never believed in AI predictions before, but this time I was really surprised with its almost accurate prediction.

Don't tell me you are falling for this AI nonsense, such is not capable of predicting the price of any asset accurately, it can only try but the market is too dynamic for that. Come to think of it, what did the AI use to predict the market? It can never do more than the humans that coded it. Also, the market is not what any AI can predict like that, do you know why? Many factors will influence the market over time (technical and fundamentals), so there is a difference between prediction and guesswork. But if one could actually prove with constructive facts the modality that the AI used to get to that figure, maybe I can shift the ground a little. Regardless, the prediction has not passed yet and we are about 2 days to the end of 2023. And with the latest development in the market, I am certain that Bitcoin will never hit the price again However, for it to have hit about $44,500 is a good one, but it was so easy to predict such by everyone even without the AI due to the strong bullish condition of the market at the time the OP wrote it. Figures like $40,000, $45,000 and $50,000 have never been uncommon in Bitcoin speculations, so this is not special.

mirakal

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Quote from: wmaurik on December 15, 2023, 09:15:16 AM

Quote from: highalch on December 11, 2023, 10:00:58 AM

45k seems reasonable, but I would question how those AIs came to the decision.

A large language model does not simply do maths, does not take past price data into consideration, just makes up a random number from a huge amount of outdated text.

And most of the current generally available AIs are as good as few year old random spam articles scattered around the internet. Because they have exactly been trained on that data.

This is not a decision, but only a prediction based on data that already exists on the internet so that AI can process it more quickly in order to predict the price of Bitcoin which will occur at the end of this year. However, already in the middle of this year the price of Bitcoin still has not reached the predicted price level but is only approaching it and if this price level can reach it in the next two weeks, I think this level will be passed and will not stop at $45K.

We are now at the last days of the year and bitcoin price even dropped a little, but it never realized the AI prediction of $45k but it was really closed to that. However, if this prediction may fail by the end of this year, then it's very much possible by early january next year. AIs predictions were only based on the onhand datas in the internet so its not really a complete prediction without good basis. Sometimes, AI hits also the exact price prediction but most of the time it didn't or it might only close to the reality.

DYOR is the key. If we can't rely AI to the highest level, then probably our own market analysis will do the math well.

erep

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Quote from: wmaurik on December 19, 2023, 06:59:41 PM

If that price prediction is said for this year or for the end of this year, everyone only needs to wait about eleven more days before we all end this year quite well and happily at a certain price level even though what the AI predicted has almost come true for all person. Of the several price movements that are still occurring in Bitcoin this month, the price is always held back and corrected when it almost touches $44K and even when it passes $44K in a few days. But if by the end of this year the price of Bitcoin can only be at $44K, that means the accuracy created by AI is only around 90%.

We have a few more days to see the potential for the market to grow at a price of $45k but I am sure the predictions will reach the target because the current market price is $44k, some people may predict again for next year's price analysis using AI, people trust predictions more realistic compared to human predictions which predict high prices that can potentially be achieved over the next 5 years, but actually we need a tool that can accurately predict the price of bitcoin in the next few months.

From several speculation threads that I have reviewed, I might get that the AI predictions in this thread are predictions with the right predictions, many people will trust AI to predict bitcoin for speculation on bitcoin prices in 2024.

btc_angela

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Quote from: ShowOff on December 20, 2023, 05:52:07 PM

Quote from: kawetsriyanto on December 20, 2023, 04:48:55 PM

Quote from: YOSHIE on December 19, 2023, 11:43:27 AM

But whatever predictions Al, experts, companies, rulers and so on have made, for me it is a form of enthusiasm, but for me, experience from year to year is what convinces me, $45k or $50k for me is too low for the price of Bitcoin entering the new year, I think speculatively the price of Bitcoin could reach above the price that has happened before.

Why $45k - $50k is too low? The pattern of current bullish may be different from the previous one, right? Nothing is certain in crypto, everything is very possible to change. So, considering the current Bitcoin price movement, I think the price won't be above $50k in the early of the new year. And at the end of this year, the price may not change significantly, it seems to have a sideway.

I think so too, I mean sideways is more likely than passing $50k. I'm not sure about $50k breaking this December, unless bitcoin gets big news like the approval of a spot bitcoin ETF. Everyone is waiting for the news, but we may need to wait for the decision at the beginning of next year. The nice thing today is, bitcoin price has returned to $44k although it quickly returned to $43,500. The rise is fast and the fall is also fast, panic selling is still difficult to avoid.

There's no approval news, early is January for Blackrock, so next year will be exciting for us. What is the chance that SEC will approved it early? I think it's very high. So most likely if AI is correct, the price could be near or around $45k.

However, I wouldn't put to much emphasize and let's not be amazed by the prediction. I mean we can also make that kind of prediction and even before this thread open, I'm sure majority of us have that number way before. Maybe after a good month, January-March, we think that the price at the endo will be around $45k-$50k and that's what we are seeing right now.

ShowOff

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Quote from: kawetsriyanto on December 20, 2023, 04:48:55 PM

Quote from: YOSHIE on December 19, 2023, 11:43:27 AM

But whatever predictions Al, experts, companies, rulers and so on have made, for me it is a form of enthusiasm, but for me, experience from year to year is what convinces me, $45k or $50k for me is too low for the price of Bitcoin entering the new year, I think speculatively the price of Bitcoin could reach above the price that has happened before.

Why $45k - $50k is too low? The pattern of current bullish may be different from the previous one, right? Nothing is certain in crypto, everything is very possible to change. So, considering the current Bitcoin price movement, I think the price won't be above $50k in the early of the new year. And at the end of this year, the price may not change significantly, it seems to have a sideway.

I think so too, I mean sideways is more likely than passing $50k. I'm not sure about $50k breaking this December, unless bitcoin gets big news like the approval of a spot bitcoin ETF. Everyone is waiting for the news, but we may need to wait for the decision at the beginning of next year. The nice thing today is, bitcoin price has returned to $44k although it quickly returned to $43,500. The rise is fast and the fall is also fast, panic selling is still difficult to avoid.

kawetsriyanto

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Quote from: YOSHIE on December 19, 2023, 11:43:27 AM

Maybe Al is one of the ones we can see currently circulating on the internet who is speculating and predicting Bitcoin for now, but you need to know that predictions and speculation are only limited to boosting enthusiasm for investors and newcomers who are involved in the crypto world.

Indeed. Everyone actually can make their own prediction, we don't rely on AI or other people predictions. So, AI prediction is just for the beginners who are curious about the price, it is just to motivate them. We also must realize that AI won't predict it itself, people must program such indicators on the AI system, so AI can predict it with a certain way. In this matter, I think it is still human prediction, AI just help us to determine a certain number of possible price in the future.

Quote from: YOSHIE on December 19, 2023, 11:43:27 AM

But whatever predictions Al, experts, companies, rulers and so on have made, for me it is a form of enthusiasm, but for me, experience from year to year is what convinces me, $45k or $50k for me is too low for the price of Bitcoin entering the new year, I think speculatively the price of Bitcoin could reach above the price that has happened before.

Why $45k - $50k is too low? The pattern of current bullish may be different from the previous one, right? Nothing is certain in crypto, everything is very possible to change. So, considering the current Bitcoin price movement, I think the price won't be above $50k in the early of the new year. And at the end of this year, the price may not change significantly, it seems to have a sideway.

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The price of Bitcoin predicted by an AI is something that for me is not trustworthy, the AI that we know is not so reliable, the things that we can see are very different from the ones that we know and we can see that the AIs that have Really The people with a lot of power are the ones who run the world, they know very well what is happening, so what is coming out so far is very obsolete compared to those who really know what it is like, that is why they keep us entertained with what I don't know what they can do and bring us to light, but what really has the power to create predictions is in the hands of people with a lot of money. Maybe they know when the price goes and everything, but it's Difficult for them to share it.

An AI is quite obvious when they go out to make any type of prediction and many are going to get carried away , but is it advisable to get carried away by an AI ? By a robot?

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Quote from: erep on December 15, 2023, 04:34:13 PM

We don't know the algorithm they developed in the AI system so that it produces predictions like professional analysis from real people, but I also think that they analyze from a collection of outdated analyzes and make new statements from AI to produce new statements about crypto market price analysis that convince everyone , the fact that the crypto market price has almost reached the prediction or 90% accuracy of the prediction, even though the journey reaches the middle of the month, AI predictions can be trusted but must be based on research and other supporting analysis.

If that price prediction is said for this year or for the end of this year, everyone only needs to wait about eleven more days before we all end this year quite well and happily at a certain price level even though what the AI predicted has almost come true for all person. Of the several price movements that are still occurring in Bitcoin this month, the price is always held back and corrected when it almost touches $44K and even when it passes $44K in a few days. But if by the end of this year the price of Bitcoin can only be at $44K, that means the accuracy created by AI is only around 90%.

YOSHIE

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Quote from: letteredhub on November 05, 2023, 07:10:47 PM

So I decided to bring it to the forum to know about what other forum members think about this AI prediction. Is it a prediction you can rely on or it's just one of those common bitcoin price predictions of the decade we are used to from different angles, is there anything special about this one .

Maybe Al is one of the ones we can see currently circulating on the internet who is speculating and predicting Bitcoin for now, but you need to know that predictions and speculation are only limited to boosting enthusiasm for investors and newcomers who are involved in the crypto world.

But whatever predictions Al, experts, companies, rulers and so on have made, for me it is a form of enthusiasm, but for me, experience from year to year is what convinces me, $45k or $50k for me is too low for the price of Bitcoin entering the new year, I think speculatively the price of Bitcoin could reach above the price that has happened before.

Sexylizzy2813

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Quote from: Majestic-milf on December 15, 2023, 11:52:51 AM

Quote from: Sexylizzy2813 on December 15, 2023, 09:40:43 AM

The price as of late is not really impressive compared to when we first entered December, you'd agree with me that we had a better start of this month but with time when we're suppose to be expecting that continuous positive movement the price started going down drastically without any break of going up but down.

What do you expect? That's why it's a volatile coin, but it's kind of annoying especially if you are a day trader and you are depending on the increase so you can cash out big time. I'm tempted to believe the prices went up as a result of the news of an ETF adoption but we cannot really say that's the reason. Well, let's hope prices will go up before the year runs out since we still have like 16 days before new year.

To be sincere with you what I'm expecting is something much more bigger than what we're seeing, day traders are also expecting to see the price of Bitcoin go beyond what we're seeing at the moment. The movement is not impressive compared to that of October and I'd say October is one of the best this year. We never can tell the actual reason for the price to be the way it is now, let's hope to see something different in this week we're entering..

erep

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Quote from: wmaurik on December 15, 2023, 09:15:16 AM

This is not a decision, but only a prediction based on data that already exists on the internet so that AI can process it more quickly in order to predict the price of Bitcoin which will occur at the end of this year. However, already in the middle of this year the price of Bitcoin still has not reached the predicted price level but is only approaching it and if this price level can reach it in the next two weeks, I think this level will be passed and will not stop at $45K.

We don't know the algorithm they developed in the AI system so that it produces predictions like professional analysis from real people, but I also think that they analyze from a collection of outdated analyzes and make new statements from AI to produce new statements about crypto market price analysis that convince everyone , the fact that the crypto market price has almost reached the prediction or 90% accuracy of the prediction, even though the journey reaches the middle of the month, AI predictions can be trusted but must be based on research and other supporting analysis.

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Quote from: Majestic-milf on December 15, 2023, 11:52:51 AM

Quote from: Sexylizzy2813 on December 15, 2023, 09:40:43 AM

The price as of late is not really impressive compared to when we first entered December, you'd agree with me that we had a better start of this month but with time when we're suppose to be expecting that continuous positive movement the price started going down drastically without any break of going up but down.

What do you expect? That's why it's a volatile coin, but it's kind of annoying especially if you are a day trader and you are depending on the increase so you can cash out big time. I'm tempted to believe the prices went up as a result of the news of an ETF adoption but we cannot really say that's the reason. Well, let's hope prices will go up before the year runs out since we still have like 16 days before new year.

This volatility has always existed. This is one of the things some people want most. I did not expect the price to increase throughout December and after a point the price fell. Maybe the price will rise again and we will end December with a high price.

There are a lot of people who have made their investments and are waiting for the price to increase, so when the price drops, they know they will have to wait longer and they panic. This is a normal situation in every investment. Everyone is waiting for positive news about Bitcoin and I think we will hear this news soon.

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Quote from: 8rch7 on December 15, 2023, 11:43:30 AM

Quote from: Sexylizzy2813 on December 15, 2023, 09:40:43 AM

Of course that correction can come to play before the halving takes place just to put things in better shape and taking any opportunity that comes in the market price is something one need to be looking out for. I still believe that $45k and even more can be achieved before the end of this year, highest we get to see Bitcoin price at $47-48k.

I don't think much problem for bitcoin achievement price around $47-48k before end this year because bitcoin price today $41,700 and left few percent for raising your prediction target. Correction is not new moment in bitcoin exactly when position on higher price will get moment for price correcting few percent but just get in short time before bitcoin returning to higher price. A lot of predicting with bitcoin before end this year but I am not really optimistic exactly Christmas have something bad for bitcoin price with potential get another correction again, just hope before Christmas bitcoin can raise up above $45-$47k and will be little correction due Christmas moment with many Christians sell their bitcoin fund.

That's the problem, with the price at $41k, it doesn't show any sign of going any further than it has at the moment, only if we see something like $43-44k then there's the hope of seeing the market price progressing but for now there's no positive force in achieving that.
Maybe next week would give us a boost but if nothing happens by next week then let's forget having $45k or even more before the end of this year.
Hoping to see a higher movement of price on Xmas, is not really going to be possible because you have to judge from what you're seeing and like I said it will increase (Bitcoin price) only if the price start making a positive move that's when it will be like you said concerning Xmas.

Majestic-milf

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Quote from: Sexylizzy2813 on December 15, 2023, 09:40:43 AM

The price as of late is not really impressive compared to when we first entered December, you'd agree with me that we had a better start of this month but with time when we're suppose to be expecting that continuous positive movement the price started going down drastically without any break of going up but down.

What do you expect? That's why it's a volatile coin, but it's kind of annoying especially if you are a day trader and you are depending on the increase so you can cash out big time. I'm tempted to believe the prices went up as a result of the news of an ETF adoption but we cannot really say that's the reason. Well, let's hope prices will go up before the year runs out since we still have like 16 days before new year.

Topic: Bitcoin price $45k by ending of 2023: AI prediction (Read 1421 times)