The month of April is over, let’s make way for the month of May! ChatGPT shares with us its top price predictions for the price of Bitcoin and Ethereum.
After making several predictions about “secondary” cryptocurrencies such as Solana or Shiba Inu, now it is time for ChatGPT to look at the two giants of the sector: Bitcoin and Ethereum.
ChatGPT analyzes the fifth month of the year for Bitcoin
First of all, the bitcoin price It closed the month of April downwards after several consecutive bullish months. The token retreated a bit in April and the need for predictions for May arises.
With this in mind, ChatGPT 4 shared with the French BeInCrypto team two scenarios: one quite neutral and another quite optimistic.
Therefore, for OpenAI artificial intelligence, Bitcoin price should stay above $60,000, especially if the token maintains an overall positive trend. At this level, AI refers, for example, to the boom over Hong Kong Bitcoin ETFs.
Read more: Bitcoin (BTC) Price Prediction: 2023, 2024 and 2035
As a result, ChatGPT expects a Bitcoin price above $66,000 at best. At the same time, this scenario also It represents a maximum price during the month of $68,000.
A completely plausible prediction, which would see Bitcoin sail within its current range, extending it a little further.
As for the neutral scenario, it poses an even more moderate observation, as BTC is expected to trade at $64,000 at most and $62,000 at the end of the month.
Best case scenario for Ethereum?
At the same time, Ethereum appears to be regaining strength compared to Bitcoin. Despite everything, does the ETH token have better prospects than BTC for the fifth month of the year?
As a reminder, currently, the coin is valued at approximately $3,140. According to the neutral scenario, the token could remain in this same price zone at the end of the month, with just a jump to $3,400.
Therefore, for ChatGPT 4, we do not expect any altseason nor the resurrection of Ethereum in the ETH/BTC pair. In fact, because AI expect price movements very similar to those of Bitcoin.
The positive scenario estimates that the second cryptocurrency could reach a price of $3,400 by the end of the month with a maximum price of $3,600.
Read more: How to buy Ethereum (ETH) in 2024?
Just like the traders of cryptocurrencies, this information should be taken with caution. However, the game continues and analysts favor a surge for Ethereum and an AI that expects the status quo.
Disclaimer
Disclaimer: Following Trust Project guidelines, this article presents opinions and perspectives from industry experts or individuals. BeInCrypto is dedicated to transparency in reporting, but the opinions expressed in this article do not necessarily reflect those of BeInCrypto or its staff. Readers should verify the information independently and consult a professional before making decisions based on this content.
