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Artificial intelligence has presented the February forecast for Bitcoin price

Economy 08:24, 22-01-2025 3

Artificial intelligence presented the February forecast for Bitcoin price
In January 2025, the cryptocurrency market proved that it can still move rapidly like in the fourth quarter of the previous year. Bitcoin (BTC) played a unique role in this — its price fell below $90,000 this week and today reached $108,800, setting a new historical record.

Considering that memecoins have a short lifespan, many traders are trying to understand the future price changes of the main cryptocurrency. Five artificial intelligence-based models were tasked with predicting the BTC price for the period from January 20 to February 4.

Four advanced models predicted a price decline. ChatGPT-4o mini provided the most pessimistic forecast, analyzing the relative strength index (RSI) and the simple moving average (SMA), estimating that the BTC price would drop by 9.4% to around $98,000 at the beginning of February. The standard ChatGPT-4o was slightly more optimistic, predicting a 5.24% decrease and a price of $102,500. The forecasts from Claude 3 Opus and Grok 2 Vision models were also cautious: the former estimated a 3.04% decline ($104,882), while the latter predicted a 2.93% drop ($105,000).

Claude 3.5 Sonnet chose its own path, forecasting that the Bitcoin price would set a new record at the beginning of February, reaching $112,500, which is an increase of 4.01% from the January 20 situation.

There is some logic in the predictions of artificial intelligence models, as a short-term decline is typically observed after sharp price fluctuations.

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