Starting a new month, Bitcoin reclaimed the $58K mark and aims to surpass $60K. To find out if Bitcoin will hit a new all-time high, let’s check Chatgpt's predictions.
Bitcoin Price Performance
In the daily chart, Bitcoin shows a solid bullish fort at the $57K mark, keeping bullish hope alive. The bear cycle concluded after an 11% drop, but the growing bearish influence warns of a death cross between the 200-day and 50-day EMA. On Monday, Bitcoin jumped 3.18%, teasing a massive surge ahead. The recovery prepares to surpass the 200-day EMA, hinting at a breakout rally. Support levels are present at $57K and $55,852, while bullish targets are $64,766 and $68,000.
Chatgpt Predictions for Bitcoin Eyes $70K Breakout
Sharing the price analysis chart with Chatgpt reveals two scenarios. In a bearish setup, Bitcoin can test the $55,000 mark if it drops under $58,000. In a neutral to bullish scenario, the upside potential extends to $73,000 in September, with strong resistance at $60,981 and $64,000.
In conclusion, Chatgpt's predictions indicate that September could be pivotal for Bitcoin. Depending on the price action, Bitcoin might test the $55,000 level or attempt to break the $73,000 mark.
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