ChatGPT Predicts The Q4 Price Performance Of Bitcoin And New BTC Derivative Bitcoin BSC

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It’s been a chal­leng­ing few weeks for Bit­coin (BTC) hold­ers, with the coin’s val­ue plum­met­ing since the end of August.

How­ev­er, with BTC hav­ing post­ed a bull­ish close in the past three days, Chat­G­PT has weighed in with its thoughts on whether this rebound can last for the entire­ty of Q4 2023.

Chat­G­PT has also high­light­ed the new Bit­coin deriv­a­tive, Bit­coin BSC (BTCBSC), as anoth­er coin that could expe­ri­ence sig­nif­i­cant growth this quarter.

Bitcoin’s Bullish Rebound Prompts Uptick in Investor Positivity

Bit­coin is cur­rent­ly priced at $26,680, hav­ing bounced off the sup­port zone around $25,000.

This sup­port zone held firm back in mid-June, indi­cat­ing a high vol­ume of buy orders in the area.

As a result of this week’s rebound, Bitcoin’s price has risen above the 20-day Expo­nen­tial Mov­ing Aver­age (EMA) as reflect­ed in the dai­ly price chart.

This move sug­gests a shift in momen­tum, pos­si­bly sig­nal­ing a short-term bull­ish trend.

Bitcoin’s pos­i­tive moves have impact­ed the Cryp­to Fear & Greed Index, which has risen to 45 – a siz­able jump from what it was on Monday.

The sen­ti­ment track­er from also shows a notable increase in pos­i­tive sen­ti­ment, fur­ther under­lin­ing the grow­ing opti­mism from cryp­to investors.

If this opti­mism holds, it could pave the way for an extend­ed uptrend – poten­tial­ly push­ing Bit­coin to test the resis­tance lev­el at $28,000 in the next few weeks.

ChatGPT’s Q4 BTC Forecast Offers Optimistic Glimpse Into the Future

Giv­en this con­text, Chat­G­PT offered an inter­est­ing fore­cast for where Bitcoin’s price could go in Q4 2023.

Chat­G­PT empha­sizes the impor­tance of con­sid­er­ing Bitcoin’s his­tor­i­cal data, present mar­ket sen­ti­ment, and exter­nal influ­ences like reg­u­la­to­ry shifts when fore­cast­ing its price.

With Bitcoin’s cur­rent tra­jec­to­ry, Chat­G­PT esti­mates a poten­tial 20% to 60% price increase by year-end.

This would place Bit­coin as high as $43,544 in the best-case sce­nario – a price that hasn’t been seen since April 2022.

Although entire­ly hypo­thet­i­cal, ChatGPT’s opti­mistic fore­cast for Bit­coin could be plau­si­ble, giv­en the right mar­ket conditions.

As such, all eyes will be on BTC’s per­for­mance in the near term, with investors hope­ful that the coin’s cur­rent progress can continue.

Rising Star Bitcoin BSC Set for 6x Price Surge, According to ChatGPT

Bit­coin BSC (BTCBSC) has also emerged as an excit­ing addi­tion to the cryp­to mar­ket, spark­ing sig­nif­i­cant investor atten­tion with its pre­sale price of just $0.99 per token.

As a BEP-20 token based on the Binance Smart Chain, BTCBSC aims to mir­ror the ear­ly days of the orig­i­nal Bit­coin, offer­ing investors a sec­ond chance to acquire a high-poten­tial asset at a low price.

How­ev­er, Bit­coin BSC dif­fer­en­ti­ates itself from Bit­coin in sev­er­al ways – notably through its green stak­ing mech­a­nism, which uti­lizes a Proof-of-Stake (PoS) protocol.

Bit­coin BSC’s whitepa­per states that 69% of the entire token sup­ply is reserved for stak­ing rewards, which will be dis­trib­uted every ten minutes.

Cur­rent­ly, stak­ers can earn yields of 270% per year, and over 960,000 BTCBSC tokens have already been committed.

Giv­en these unique fea­tures and note­wor­thy brand­ing, it’s no sur­prise that Bit­coin BSC’s ear­ly growth has piqued the atten­tion of ChatGPT.

Accord­ing to Chat­G­PT, BTCBSC’s val­ue could see a sig­nif­i­cant spike in price upon its DEX launch lat­er this year due to pent-up demand from those who missed out on the presale.

Fol­low­ing this, Chat­G­PT believes that BTCBSC’s price will sta­bi­lize and grow – poten­tial­ly hit­ting the $5.94 lev­el by the end of the year.

This would rep­re­sent a 6x increase for those who invest dur­ing the pre­sale, solid­i­fy­ing Bit­coin BSC’s posi­tion as a promis­ing asset in the cryp­to space.

This week Bit­coin BSC was fea­tured in Cryp­toSlate and passed the $2 mil­lion mile­stone, now over halfway to its $3.96 mil­lion soft cap since its Sep­tem­ber 5 launch.

Vis­it the Bit­coin BSC Presale

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Read­ers are also advised to read CryptoPotato’s full dis­claimer.

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