Bitcoin’s [BTC] The price fell slightly, erasing gains of the last two days. Following warnings by Federal Reserve officials that tempered the expectations of interest rate reductions this year, BTC experienced a small decline. BTC remains within the trading range between $60,000 and $70,000 despite this decline. It has been this way for the last two months.
![](https://fxruhanahmed.com/2/wp-content/uploads/2024/05/ChatGPT-4o-Sets-BTC-Price-for-the-End-of-2024.jpeg)
Bitcoin supporters were initially excited by several significant events in 2024. The approval of exchange-traded fund spot [ETFs]A new record high [ATH] All of these events, including the halving in April, were expected to boost Bitcoin’s value. Recent weeks, however, have brought additional drama and unpredictability to the market.
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What is the maximum Bitcoin price that can be reached by 2024?
OpenAI’s sophisticated AI has predicted the price of Bitcoin at the end December 2024. ChatGPT estimated that BTC would most likely be trading in the $80,000 to $85,000 range by year’s end after analysing a variety of market indicators. This prediction is also more conservative, even though it’s optimistic. Asset will be worth much more than the current $66,113.55 price.
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The AI has also been credited with conservatism due to its balanced assessment of bullish and downside factors. The long-term effects of Bitcoin’s halving, and the increased participation of institutions are both strong signals of bullishness. However, ongoing regulatory changes and macroeconomic risks introduce caution. The year 2024, regardless of its exact price at the end of the year, will certainly be remembered by Bitcoin enthusiasts as one that was pivotal in Bitcoin’s development.
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Source: watcher.guru