Cryptocurrency News Today TheBitTimes.com

Summary ⚈ ChatGPT-4o forecasts Bitcoin could hit $112K–$122K in a bullish May scenario. ⚈ Neutral or bearish conditions could push BTC as low as $78K by month’s end. ⚈ Historically, Bitcoin averages 7.52% gains in May, with early signs favoring bulls. As Bitcoin (BTC) price trades within the $96,350 to $97,180 range, OpenAI’s flagship large language model (LLM), ChatGPT4-o, put forth three distinct price targets for May 30 when queried by Finbold. At press time on May 2, Bitcoin was trading at $96,910, following a decisive move above the $90,000 level on April 22 accompanied by significant capital inflows.  BTC price 1-week chart. Source: Finbold According to the artificial intelligence (AI) model, a bullish scenario which would see strong exchange-traded fund (ETF) demand, interest rate cuts, and a general improvement in macroeconomic conditions could see the price of Bitcoin rise to $112,000 to $122,000 by May 30, which would equate to a 15.57% to 25.89...

Finbold turned to Perplexity Online artificial intelligence (AI) to gather and consolidate up-to-date analyses for a Bitcoin (BTC) price prediction. Perplexity is a unique AI mode capable of real-time web scanning, listed among OpenAI’s most feared competitors, as Finbold reported. Essentially, Perplexity differs from most popular AI models like ChatGPT, developed by OpenAI, that rely on previously trained data. Given its capacities, the model can collect and consolidate updated information from multiple sources, acting as a search engine. We have already tested this ability in previous reports, in which Perplexity Online revealed the most recommended stocks, popular investment assets, and cryptocurrencies for Q4 2024. Unsurprisingly, Bitcoin was featured as one of the most popular cryptocurrencies powered by institutional adoption through approved exchange-traded funds (ETFs). Picks for you ...