The post AI predicts Bitcoin price for May 1, 2025 appeared on BitcoinEthereumNews.com.

Bitcoin (BTC) remains in a consolidation phase, and breaching the $85,000 resistance has emerged as a key target for investors.  Amid this market sentiment, two artificial intelligence (AI) models are projecting that the maiden digital currency is likely to edge higher on May 1 and possibly trade slightly above the $90,000 mark. Overall, insights from OpenAI’s ChatGPT and xAI’s Grok present a cautiously optimistic outlook for Bitcoin. AI predicts Bitcoin price  ChatGPT predicted that Bitcoin will trade between $91,000 and $96,000 by the beginning of May. The model cited continued momentum from Bitcoin’s April 2024 halving, which has historically triggered multi-month rallies. It also highlighted sustained institutional interest, particularly through spot Bitcoin ETFs, which continue to absorb supply during market dips. ChatGPT Bitcoin price prediction for May 1,2025. Source: ChatGPT According to ChatGPT, the technical setup remains bullish following Bitcoin’s recent breakout above $80,000.  The AI tool suggested the next key resistance lies between $90,000 and $95,000, making a short-term rally toward that range plausible. ChatGPT sees the “path of least resistance” as upward unless an unforeseen regulatory or macroeconomic event derails the current trend. Conversely, Grok provided a slightly more conservative outlook, projecting that Bitcoin will trade between $88,000 and $92,000 on May 1. The model highlighted that Bitcoin’s technical indicators remain favorable. With a neutral Relative Strength Index (RSI) and bullish moving averages, there appears to be room for further upside without the immediate risk of a sharp correction. Additionally, Grok identified strong support between $80,000 and $82,000, while resistance near the $100,000 level could limit short-term gains. Supporting this view, cryptocurrency analyst Ali Martinez noted in an X post on April 12 that Bitcoin’s key support currently stands at $82,690. At current price levels, approximately 1.98 million addresses holding 2.42 million BTC are in profit, within the…

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Filed under: News - @ April 20, 2025 3:19 pm