Topic: Bitcoin price $45k by ending of 2023: AI prediction - page 4. (Read 1433 times)

I'm not sure that the correction will be small, I think there is still a bearish expectation in the market and a lot of people are waiting for it. Of course we want the price to go up, but if there is a correction, we can't say no to the buying opportunity that Bitcoin will give us. So I think it's more important how far the price can go down in a correction than if the price stays stable.

I think AI predictions are no different than any human prediction. We all know that the bull season is coming and predictions will be constant.

From the current trend, it is common for AI predictions to always conclude on the latest data.

Yes, I'm sure some of them believe in their own predictions with previous historical records, they have ways to analyze prices including some tools are now adequate, this is not about the accuracy of the results because sure no one is right and precise, but at least with their own predictions it is much better than relying on AI.

Can't wait for the price to $45K, but I think now it will be stuck first and a little correction then sideways in weeks before going to $45k.

The thing about AI predictions is that they can't tell what humans can't tell. Every data they used to make that prediction was given to them by humans. Sometimes it is not updated data. I saw an AI predicts the winner of a sports competition but the AI didn't have the current data of that competition so it made predictions based on the previous year.

When an AI Is given the right data, it would make predictions based on the data it was given, and if all other factors remain constant, the prediction will be close (all other factors hardly remain constant) the difference is they're programmed to understand those data faster than humans.
In the case of this prediction on Bitcoin price this year, it wasn't far from the truth.

I made speculation earlier on this board even before the AI prediction that before the end of the year, Bitcoin will get to $35k - $40k and I was correct. So we can see that the AI didn't go too far from the reality. Bitcoin is at $41k right now and that's not very far from $45k. We know that predictions are never 100% certain.

  If you rely on AI for your prediction, we know that there is no 100% accurate prediction when it comes to crypto trading or even forex trading. Although, even among other experts who still have emotions, others also said that Bitcoin's price value can be played between 40k and 50k.

  Now, even if their assessment is like that, it will still remain speculation until it happens. Now,  with AI, I don't know if it will also remain speculation since it is an AI bot. If humans can't predict 100%, how about AI?

My advice is for everyone to disregard what AIs say about any trading markets, they are jokers in this regard. They were never coded to know what the market would do but they can use past events and their rich education to "Suggest," not even "Predict," in my own experience. This is why there is always a disclaimer when some AIs like ChatGPT issue any trading/investment or financial advice. They are for suggesting purposes that the AI will not even encourage anyone to use the advice.

I've, in addition, read so many prices called by AIs on what the cryptocurrency market would do, and I think is time for people to start knowing how the financial market works. The market is not something that is 100% predictive based on what has happened or the foreknowledge about anything, but rather dynamic and will ever use its dynamism to fool anyone who thinks they can accurately predict it.

Also don't forget, there are many factors that could affect the behaviour of Bitcoin to be specific, and AI can't see the future of what would happen on the fundamental side of the market whether good or bad as part of such factors. So how could anyone believe what AIs say of Bitcoin? If possible it can know such, by now, we should have known what the SEC would decide upon on Bitcoin's ETF in January.

Even if the AI didn't predict this or you don't see such prediction, we are still going to buy BTC and stack more of it because we already know its potential. Anyone can see it on the charts. You can choose to buy even the price passes above $45k or you can wait for it to drop again in exchange for some price discounts.

It is still possible. Selling higher because we bought at highs still requires some great patience since the growth of BTC may now slow down once it already reached a good price point. Waiting is hard. You also said the other reason on why waiting/hodling is difficult, but it can be prevented if we are wise enough to not put most of our money in BTC.

if you have the inclination of believing such prediction, this is really good to invest or buy more before it reaches to that 45k level. that is, if you think you have the time to wait if in case it doesn't go thru with this specified time. because you might be subjecting your savings and you have your urgent financial needs before your target price becomes a reality.
AI prediction also is based from past history, other net sources of course, but we can't totally guarantee about the actual price or the date that it will actually happen. we are at the same time speculating on this matter.

Based on the past market data the AI could've made the prediction. This is how the majority of the people does the prediction. Everything is on some facts and data, nothing is going to be precise. For now the December month is to begin and we have a month to end the year. Maybe we can experience $50k by the start of 2024 as the market seems good. Good resistance could drive the market reach $40k+ at the earliest.

Yeah, but where does the AI gets his data to predict though?

And so with that, everyone can make their own prediction based on bitcoin's previous historical log. It might not be as accurate when you crunch the data. But if you have been in the market already, I'm sure we should know how to make those predictions, those wild educated guesses. 

Who wouldn't want to see $45k at the end of 2023? but we will have to wait, we all have our own predictions and hopefully it can match that of the AI as well or even higher.

AI usually just gather data from the web and probably most its source are those prediction posted on news site, blogs and social media. It reflects the general sentiment of the people but we all know that price of Bitcoin always show a very unpredictable behavior despite everyone is expecting a pump.

Bitcoin price is still having difficulty to break the 38K barrier which is very significant so that we can extend the pump above 40K level. I’m expecting for a very good Christmas but this kind of slow down near a significant resistance makes me worried a little bit.

This would certainly be a sweet christmas for btc HOLDers,

Being an AI prediction its probably more calculated and free of bias,
you would want these AI predictions to be correct, but if this happens way too often what could that lead into :O

Artificial intelligence and traders who use technical analysis all use the same historical Bitcoin chart data. Traders have previously used various mathematical programs to predict the market, there is a whole direction known as algorithmic trading.
It can be assumed that artificial intelligence does analysis better than humans. We don’t know how it is fully organized and how it is trained.
The price of Bitcoin at $45,000 is a very realistic target and many financial analysts have talked about it before.

Perhaps, nobody believes it because we know that the market is unpredictable. And besides, these AI are just reliant on the data stored on their system. What have got is just speculation, not really the thing that is going to happen. That is why there is no reason to believe such a claim that AI is more accurate because it is indeed not.

In fact, seeing the current price of Bitcoin, the price is still stuck below $40k. If the situation changes, maybe the price will reach $40k but it is likely impossible to reach $45k.

I do not believe that AIs will be successful with that prediction , and I was reading and no AI is capable of making predictions according to the programs they have , they are not Capable of doing so, for that Reason I think that it can be done as long as a short-term prediction, but what you say, although it is very possible,  I don't see it , because we are waiting for the prices that come to be high, not low, there are many Inconsistencies with the AIs, I don't trust the AIs, they are not at all Trust me, many are programming anything and it is not like that.

An AI can make mistakes in an impressive way , I would not see this as beneficial because when we see the schemes, the patterns are only to raise the price.

If a Trader says that with a good analysis that explains it, I think it's something laughable, as long as they continue with that just to do things with AI , I won't believe them.

In my opinion, BTC predictions from AI are not always correct in reading the future and human predictions will not be correct either. AI only provides predictions based on history or trending speculation from the many predictions made by humans so that AI summarizes everything and gives us the answer.

But what is clear is that none of these predictions are accurate, they are just speculation, just like when I speculated that the price of bitcoin would be $50k by the end of the year on the grounds that we would be getting closer to bitcoin. halving it so bullishness will occur.

Anything can happen to the Bitcoin price at any time, but there is a possibility that predictions made close to the current price 1 month before the end of the year will come true. However, everyone has their own expectations and acts or expects accordingly. There is a possibility that the prediction made by artificial intelligence will be correct, but for me it is not much different from the prediction made by someone else.

Nobody knows why certain things happen in this market. Some predictions will come true, but most of us already know that bull season is approaching. Some are waiting for the price to drop to make a new purchase, while others are waiting for a higher price from here on. I do not think there are many people who will shape their investments according to the predictions of artificial intelligence.

Obviously AI can’t predict the future and I think the way it collects information would lead it to be spectacularly wrong in cases when markets change. However, it isn’t that hard to predict the price of something two months out. It says something that the prediction was so bullish I guess, but it’s just trumpeting what everyone else is saying.

November is not yet over and if you check the market today, Bitcoin have gained 2% without 24 hours. This is an indication that Bitcoin can even break the $38k resistance and approach $40k. This is a possibility even though nothing is certain at this point. Nevertheless,  the recently bullish momentum may extend to December because there is no much negative news hindering Bitcoin from soaring.

One thing you must understand that the big players understand the game of investing so well. I'm sure they are already studying the market and taking investment decisions accordingly. This may be the reason the price recovers very quickly after every dump. When the news of CZ and Binace came out, price depleted sharply and recovered within few days. This is a confirmation that what wants the price to go up is stronger than what wants it down.

I have always maintained that this year may be the best time to buy Bitcoin because we are still below the ATH. From early next year, the news of ETF and halving will be all over the place and as you know, this is the fuel that the market uses to grow.

Was this taught to the AI engines? Are there reasons for their prediction? I think it's a fun game to see how they have been able to predict that and I hope that they would be able to. As long as it's increasing in price or something, that would be great. Not that I believe that it will happen but why not, right?

Can you replicate this in any way? I would like to see those AI engines.

In my opinion, AI predictions about the price of Bitcoin at the end of this year cannot be guaranteed to be completely accurate because AI is the work of robots, even predictions made by humans are not completely accurate, let alone AI predictions. But at least this kind of prediction can be a reference for us in further analyzing how far the Bitcoin market will move before we make a decision.