Bitcoin price $45k by ending of 2023: AI prediction - page 9.

jeraldskie11

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Quote from: Sexylizzy2813 on November 09, 2023, 10:26:40 AM

Quote from: Wend on November 09, 2023, 09:50:24 AM

According to your prediction, have we really entered the bull season while the halving is still very far away? The $45k goal for this month is really high for me. Bitcoin is up over 30% in the last 30 days and there has been no correction, so I think a correction will be needed in November or December before we conquer higher prices. I don't think we can reach $45k easily. Bitcoin is increasing in price amid the skepticism of many people, but don't be too subjective and unguarded.

I don't talk much about predictions neither do I drop any, but from the movement of Bitcoin price is how I picture things.
Fine, Bitcoin price can't reach $45k that easy like you said, I agree on that but it won't take long for it to happen. When we are seeing the price drastically approaching $38k is just a sign that it would be happening anytime soon but I think $39k would be the resistance.

$39k would be a good resistance but if you look very well $40k is a strong supply zone with fair value gap which is usually the price will go to. If you went down to $4h time frame, we can see that there is a clear break of structure, so it's very possible that the price will hit $40k before pullback occur, so the pullback is not starting yet. I can only say that the pullback will going to start if the price went down below $33k. Currently, buyers are in-control.

Sexylizzy2813

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Quote from: Wend on November 09, 2023, 09:50:24 AM

According to your prediction, have we really entered the bull season while the halving is still very far away? The $45k goal for this month is really high for me. Bitcoin is up over 30% in the last 30 days and there has been no correction, so I think a correction will be needed in November or December before we conquer higher prices. I don't think we can reach $45k easily. Bitcoin is increasing in price amid the skepticism of many people, but don't be too subjective and unguarded.

I don't talk much about predictions neither do I drop any, but from the movement of Bitcoin price is how I picture things.
Fine, Bitcoin price can't reach $45k that easy like you said, I agree on that but it won't take long for it to happen. When we are seeing the price drastically approaching $38k is just a sign that it would be happening anytime soon but I think $39k would be the resistance.

Hypnosis00

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This is how the AI has been programmed and there is no difference from humans' expectations of the market. But all of those predictions pretty be wrong just like before. I see AI is good in some areas but getting involved in prediction, I don't think so.

Well, it doesn't matter, and if AI gets it right, will expect people to get crazy about it. Yeah, let us see how it is going and witness the end of 2023 if AI makes it. Well, $45k is quite high when considering the current price and a big chance that it never go beyond $40k

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Quote from: letteredhub on November 05, 2023, 06:10:47 PM

Six AI chatbots forecast bitcoin to reach $45k by December 31 2023. From the article the test was first carried out June this year which it was predicted that the price will get to $45k by the end of the 2023 year, and on the 3rd of this month of November 2023 another query test was carried out using 6 different AI chatbots to inquire what the price of bitcoin could be by end of the year and they all gave predictions that points to $45k at most. And the most intriguing thing about this which caught my attention is that it was same price prediction range it gave sometime June this year when the first test was conducted.

Quote

Four months ago, Bitcoin.com News engaged with six generative AI chatbots, prompting them to forecast bitcoin’s value at the close of 2023. The collective consensus of these AI systems anticipated BTC to land between $40,000 and $50,000 by the conclusion of the year. With the year now winding down to its final two months, we repeated the experiment. The updated predictions from the AI chatbots have arrived slightly more conservative than the June estimates.

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 .

I guess in this prediction there isn't any correction on the line. If that was that easy then how will whales make money? We all know the possibility of bitcoin making a new ATH is certain post halving period but that path won't be like a straight line like the AI predicted. The historial chart shows us the possibility of another major crash before the halving. Just look at the charts for 2012, 2016 and 2020 they are all the same. I don't want to imagine the same things won't happen this time.

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Quote from: Sexylizzy2813 on November 09, 2023, 09:21:07 AM

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Bitcoin price is $37k and nobody thought it would be at this level with the month still fresh, I believe before the end of this month of November we might be seeing Bitcoin price at $45k, while December would be giving us a surprise amount of $50k to $55k or even more because I see green written all over the remaining part of this year.

According to your prediction, have we really entered the bull season while the halving is still very far away? The $45k goal for this month is really high for me. Bitcoin is up over 30% in the last 30 days and there has been no correction, so I think a correction will be needed in November or December before we conquer higher prices. I don't think we can reach $45k easily. Bitcoin is increasing in price amid the skepticism of many people, but don't be too subjective and unguarded.

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We will see whether the predictions from the six AIs will come true or whether they will just remain predictions. AI can indeed predict something like what the price of Bitcoin will be on December 31st. But we shouldn't make it a benchmark that the price of Bitcoin will actually reach that price. Even Bitcoin analysts cannot predict the future price of Bitcoin accurately.

My target is not December this year, but it is still possible after the halving or a very high increase in Bitcoin prices. I am still waiting for Bitcoin price to reach more than its last ATH or $69k. So whatever the price of Bitcoin at the end of December, it will not influence me to sell Bitcoin. I'm still waiting for the latest ATH for Bitcoin.

And now we are approaching $40k which is only the beginning of November. Will the price remain sideways until the end of the month or will there be a rise leading to $40k this November? If there is, it means you need to ask AI again about prices at the end of December.

Sexylizzy2813

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AI predictions again? We ain't done with humans predicting Bitcoin price and now AI? Well I never believed in predictions rather what the market is displaying and it can also help investors to make a wise decisions too.
Bitcoin price is $37k and nobody thought it would be at this level with the month still fresh, I believe before the end of this month of November we might be seeing Bitcoin price at $45k, while December would be giving us a surprise amount of $50k to $55k or even more because I see green written all over the remaining part of this year.

boltz

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Maybe you fooled the AI to actually make a Bitcoin prediction but we all know AI predictions are based on accumulating the entire internet opinion about cryptos right now and then generating an answer so yea , I cannot trust AI prediction this time. Why ? well , simply because the resistance around 40k$ seems pretty big right now and whales are still in accumulation phase with no intention to actually push towards 40k$. Maybe I'm wrong , maybe I'm not , but my prediction looks way more viable than AI's.

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Quote from: BitDane on November 08, 2023, 06:22:05 PM

More likely AI is basing their prediction on the upcoming decision about ETF and is siding that the result would be positive. It is indeed a conservative prediction given by AI since if the hype continues and the market starting to FOMO, $45k is a little price to think of given that Bitcoin rallied and increased by $10k in price with just a fake news and a ticker. I think the market will react more positively if the sign of ETF approval gets more obvious.

Just because there is a large upside after approval does not mean that the upside will be sustained. If a spot Bitcoin ETF is approved tomorrow I would expect a rally that over several days could take the price up to $60K or thereabouts. That's a 60 or 70% upside in a few days, but don't expect a straight line up. As they say in the stock market "buy on the rumor, sell on the news", then there would be steep drops that would fleece retail investors, as is often the case. Although after the initial swing I would expect a slower and more sustained rise.

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Quote from: Richbased on November 06, 2023, 02:21:12 AM

Quote from: letteredhub on November 05, 2023, 06:10:47 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 .

Inasmuch as I know AI is just speculating the price of bitcoin in consideration with the current price now, just like every other human is doing their own speculation. Bitcoin is a volatile asset and has the tendency of fluctuating in it's price in the market so projecting the price to be around $45,000 towards the end of the year may not be as accurate as the AI predicted but however the best option now is still to buy and HODL

Crypto is pure speculative mate and also has manipulations so yes AI can have predictions but expect no perfect on that as we knew for years that even crypto experts cannot predict what will come in the next run .
it may sounds frustrating but that is reality mate , bitcoin though less manipulative yet there can be a manipulations and will change the course of AI predicting .
you should know being an old member of this market and forum , that sideways also happens and not just strong way .

BitDane

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More likely AI is basing their prediction on the upcoming decision about ETF and is siding that the result would be positive. It is indeed a conservative prediction given by AI since if the hype continues and the market starting to FOMO, $45k is a little price to think of given that Bitcoin rallied and increased by $10k in price with just a fake news and a ticker. I think the market will react more positively if the sign of ETF approval gets more obvious.

JoyMarsha

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Quote from: letteredhub on November 05, 2023, 06:10:47 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 .

There is nothing special about AI given their predictions to be $45k by the end of 2023. From $35k to $45k, there have been so many people's predictions on what price they expect bitcoin to end up being by 2023.

Even though AI tends to predict bitcoin prices that are close to people's predictions for the day, month, or year, depending on what it is asked to answer, it is not something to quickly and seriously rely on for bitcoin predictions, when we all the crypto market is unpredictable

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Quote from: kentrolla on November 06, 2023, 02:48:38 AM

I see a lot of people agreeing with AIs prediction and some syas that there has been experts opinion on similar terms that Bitcoin will be finishing this year around $45k mark but I repeat once again not to blindly follow anyone who claims to be experts and AI will source it's result through various analysis and logical reasoning available on web but either of them could go wrong because if we go by AI then all the signals generated by AI bot while trading should be accurate but that isn't the case and if we have to believe in expert's opinion they are the same people who once said Bitcoin will reach $100k back in 2018 which turned out to be a disastrous year, I still remember towards the end 2018 Bitcoin was trading at $3000 the same people used to say Bitcoin is a bubble which has bursted. Please do your own research and analysis along with the news and events related to Bitcoin it will give you best direction about the price.

Of course, when they don't agree, most of them are holdings and when that happens, it will be in favor of all those who have holdings, right? So I don't agree that the accuracy that AI can do is high. There are many experts who said before that the price value of Bitcoin will be like this in this month and date but all of what they said did not come true in their predictions and the accuracy is very far from the reality.

If you think that those who said that before are experts, how much more can an AI that has no emotions be able to analyze the futures that can happen in the price of Bitcoin or other cryptocurrencies.

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Quote from: Husires on November 08, 2023, 01:58:31 PM

The last time I listened to artificial intelligence predictions, it told me that the price would return to $50,000 before the end of this year, so the result varies according to the data it is provided with. It would be unwise to trust these tools, but I find that these predictions tend to be accurate.

Yes, I don't think that we should trust this tools, it might help us in other aspects in life, but to say that we are going to rely on it to say what the price will be at least at the end of the year? doesn't make sense at all.

Besides, if I'm not mistaken, the prediction of what will be the price at the end of the year is around $40,000-50,000. It might coincide with what the AI might say, but we have this at the middle of the year already. The data that the AI might be getting is what we have been seeing all alone.

So with or without AI, I will stick with my personal prediction. It could be a hit or miss though, but I didn't rely on some bots or AI tools to make that prediction for me.

Husires

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The last time I listened to artificial intelligence predictions, it told me that the price would return to $50,000 before the end of this year, so the result varies according to the data it is provided with. It would be unwise to trust these tools, but I find that these predictions tend to be accurate.

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Quote from: mirakal on November 07, 2023, 06:58:39 PM

Whether the prediction is made through AI or not, one thing is certain, all are just speculations and are not guaranteed accurate as long as the market remains to be uncontrollable. That's why bitcoin price hitting the amount of $45k will remain a wild guess until the year ends, unless if bitcoin price follow its direction and eventually reach a new all time high, even exceeding to $45k.

Yea, definitely, the market is not controlled by anyone, even with AI, which some people think is more intelligent than humans, but everybody got just be positive in their prediction, like you said. I think the market can happen according to our prediction in terms of coincidence; if it's not so, the market cannot just go as predicted, although we can closely predict the price. For example, someone can predict $45k, but it might end up being far above $48k or even below $40k.

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Quote from: _BlackStar on November 07, 2023, 03:06:41 PM

-snip-
You can utilize AI to gather some information and data - but it's just plain old data collected and presented to you. Don't let AI be the predictor and decider of your investments - do your own research and start wisely.

This is a wiser use and can lead to more positive things.
Instead of just being used to ask predictions that in the end will only receive random and uncertain answers.

Regarding the old data used by AI, it depends on the AI platform too.
GPT Chat may only read data up to September 2021, and of course, it will be very limited and 2 years adrift from the current real-time data.

But Bard AI developed by Google can read real-time data from 1980 to the present
and this could be one of the AIs that many new users choose as well.

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Quote from: Dr.Bitcoin_Strange on November 05, 2023, 06:28:04 PM

Quote from: letteredhub on November 05, 2023, 06:10:47 PM

Six AI chatbots forecast bitcoin to reach $45k by December 31 2023. From the article the test was first carried out June this year which it was predicted that the price will get to $45k by the end of the 2023 year, and on the 3rd of this month of November 2023 another query test was carried out using 6 different AI chatbots to inquire what the price of bitcoin could be by end of the year and they all gave predictions that points to $45k at most. And the most intriguing thing about this which caught my attention is that it was same price prediction range it gave sometime June this year when the first test was conducted.

AI or not, some experts have also collectively looked at the market, the price chart of Bitcoin, and made their prediction that Bitcoin was going to hit $40k towards the end of the year. Those AIs are also using information from the past price history of Bitcoin to make their predictions. The fact that those AI predicted $45k doesn't mean it's very accurate; it's still speculation, just like humans have always speculated. Nothing special. The AI is not speaking with a guarantee that Bitcoin must get to $45k before December 31. When we speculate about prices, it sometimes doesn't work like that because the market is not in our control. The same is applicable to AI; they don't control the market.

Whether the prediction is made through AI or not, one thing is certain, all are just speculations and are not guaranteed accurate as long as the market remains to be uncontrollable. That's why bitcoin price hitting the amount of $45k will remain a wild guess until the year ends, unless if bitcoin price follow its direction and eventually reach a new all time high, even exceeding to $45k.

However, its normal to see highly positive predictions when the market is very bullish, and that AI predictions are not an excuse to it as they only predict the future price based on how the current position of bitcoin in the market. Same with crypto influencers, they only predict based on their personal views and understanding on the current position of the market.

_BlackStar

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Come on - don't get caught up, AI is not a predictor and is not likely to be recommended as a means of predicting the future prices of highly volatile assets like bitcoin. If AI can really be used to predict - then then we don't need to do TA and FA at all, but fortunately AI is not what is needed to predict prices.

You can utilize AI to gather some information and data - but it's just plain old data collected and presented to you. Don't let AI be the predictor and decider of your investments - do your own research and start wisely.

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Quote from: adaseb on November 06, 2023, 11:47:03 PM

I think what we will see will be similar to 2015 and 2019, where we get an echo bubble pretty much. Basically a similar bubble but won’t reach ATH. We had this happened in 2019, where we spiked and then pretty much traded nowhere for months until it broke ATH after Covid made all the stock markets rally.

So I think it’s a good prediction. Nothing crazy like those saying it will reach $1M or something crazy like that.

Correction: covid did not make the markets rally. In fact covid itself made the markets fall and the decision to close borders made them crash. What made markets rally was the cancellation of the lockdown and a promise of stimulus. In other words it was money printing that made markets rally. Now they're going to rally again because investors know the FED cannot keep tightening anymore and in fact they were printing behind all of this to help Ukraine, so they're done, they have no cards left to put on the table.

I wouldn't rely on AI's prediction, but I think these bots are right. We could easily get a 20% rally from here.

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