The post ChatGPT predicts Bitcoin Cash price for the start of 2024 appeared on BitcoinEthereumNews.com.

Bitcoin Cash (BCH) had a bright start in 2023 H2 after a 260% surge in late June, followed by a 26% retracement. In this context, Finbold asked ChatGPT-4 to predict the price of BCH for early 2024. Notably, Bitcoin Cash is trading at $242 by press time, meaning 26.55% in losses since 2023’s highs at $329.71. Before that, BCH went from $90.77 to the yearly highs for a 263.24% price surge. BCH/USD weekly price chart. Source: TradingView At this point, Bitcoin Cash shows a strong momentum within its weekly Relative Strength Index (RSI). Meanwhile, its main competitor and market leader, Bitcoin (BTC), faces challenges and opportunities. The former, being a massive increase for its transaction fees, surpasses yearly highs of $31 per transaction and the global average income of $26 per individual. Nevertheless, Bitcoin has also seen an increased interest from institutional investors, propelling its speculative demand. On the other hand, Bitcoin Cash was recently delisted by Fidelity-based institutional exchange EDX Market. BCH’s listing by EDX triggered the aforementioned pump in June, making its delisting a relevant loss. ChatGPT-4 predicts BCH price in early 2024 In the meantime, Finbold asked the GPT-4 Turbo AI model to give a bullish, neutral, and bearish price prediction for BCH. The AI sees BCH at $500 by early 2024, considering high BTC fees and the coming halving for both cryptocurrencies. This would mean a 106% gain for current buyers, while its bearish projection has a downside of 25% to $180. Interestingly, the latter considers a higher focus on Bitcoin, the leader, facing a spot Bitcoin ETF approval summed up with EDX delisting. GPT-4 Bitcoin Cash (BCH) price prediction for the start of 2024. Source: NanoGPT When asked to elaborate on each prediction, here is what ChatGPT-4 answered: Bullish Scenario Justification: Anticipating the halving event,…

---

Filed under: News - @ December 22, 2023 5:20 pm