Top Influencer Uses AI to Forecast Bitcoin Price Prediction For 2025
The post Top Influencer Uses AI to Forecast Bitcoin Price Prediction For 2025 appeared first on Coinpedia Fintech News
Ben Armstrong, also known as BitBoy Crypto, is one of the most prominent crypto influencers on YouTube, and he recently attempted to forecast the price of bitcoin over the next two years by using the well-known AI ChatGPT.
Because the tool was designed to avoid getting its developers into legal difficulty by eliminating the provision of any kind of financial advice to its users, ChatGPT typically does not respond to any inquiries that are related to money or money matters.
A straightforward inquiry about “how much will BTC be worth in one year?” will be greeted with a response along the lines of “I am a language model for artificial intelligence. I do not have the capacity to foresee what will happen in the future.
Nevertheless, Bitcoin is a very volatile asset; thus, investment in it should be undertaken with rigorous study and a complete grasp of the market.” And that is precisely what occurred when Bitboy asked it what the price of Bitcoin would be in July of 2025.
How Bitcoin Has Been Doing
Bitcoin (BTC) is under further pressure after falling to a four-week low below $22,000. While some predicted a new bull run after Bitcoin’s excellent performance in January, when BTC surged approximately 40% since the beginning of the year, Bitcoin has subsequently dropped.
Technical analysis indicators on TradingView’s 1-day gauges show that Bitcoin sentiment is rather negative, with the summary indicating to a’sell’ at 9, while the oscillators are in the ‘neutral’ zone at 8, and the moving averages recommend a’sell’ at 8.
Bitcoin has fallen in value over the last week, trading at $21,632 (a 1.1% drop in the last 24 hours) and 5.5% in the last 7 days. At $21,500, buyers may find comfort, while sellers will encounter resistance at $22,000.
Investors’ concerns about the SEC’s operations contributed to the recent slump. The Kraken has discontinued its staking services in the United States after settling the SEC’s allegations against it for $30 million. Paxos is also being sued by the SEC over BUSD.
Filed under: Bitcoin - @ February 13, 2023 12:15 pm