Bitcoin’s price has already gone through a massive rally in the past six months or so, perhaps fueled first by the hype of the spot ETFs in the US and then the actual demand for those products once they went live.
As such, the asset broke its 2021 all-time high but faced a massive correction after that. With less than a month until the next halving, an event that typically serves as a catalyst for future price movements, we decided to ask Perplexity – a popular AI chatbot that has access to the Internet in real-time, unlike ChatGPT – whether BTC will tap another ATH in the following weeks.
The bull run continued after a brief hiatus, and the primary cryptocurrency broke its 2021 all-time high of $69,050 in early March. The rally culminated on March 14, when the asset tapped $73,800 to register its current ATH. Since then, though, the bears have been predominantly in control and have The halving is an event that slashes the BTC rewards in half, thus making Bitcoin more scarce. In theory, this should be a highly bullish development for the cryptocurrency, especially if the demand remains the same or increases. History shows that BTC has gone on a tear in the first 6-12 months after each of the previous three halvings.“Based on the information from the search results, it is highly likely that Bitcoin will break its all-time high price again before the 2024 halving.
The AI chatbot said Bitcoin could go to $90,000 this year, based on research from analysts like Bernstein. It could peak within a six-digit price territory of over $122,000, Perplexity concluded.One Weekly Email Can Change Your Crypto Life.Disclaimer: Information found on CryptoPotato is those of writers quoted. It does not represent the opinions of CryptoPotato on whether to buy, sell, or hold any investments. You are advised to conduct your own research before making any investment decisions.
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