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Author Topic: Bitcoin price $45k by ending of 2023: AI prediction  (Read 1428 times)
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December 08, 2023, 09:45:19 PM
 #161

Well, this prediction is looking real good right now. I’m a bit surprised we moved up so far so fast but I guess there’s been enough cycles now that the big boys have it figured out and are stacking all they can before the big god candle hits. My question to AI now would be, what will the price be 2 years from now.

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December 08, 2023, 09:46:47 PM
 #162

The possibility of reaching $45K is already quite positive,
Of course, it is very positive. The current price of Bitcoin already reaches $44.676 (CoinGecko data), it means the $45k is almost achieved. We can assume Bitcoin price may reach $45k today or tomorrow. The current price is very close with $45k, it seems to be achieved faster than AI prediction.

-snip- but if that really happens to the price of Bitcoin in the market later, that doesn't mean everyone has to make predictions via AI because this could just be a coincidence.
Indeed. Don't rely on AI prediction, it can be coincidence! But if AI prediction becomes more accurate, it will ease people in forecasting the price. As long as people still assume it is just a prediction and no 100% accurate, I think no problem to use AI for the price prediction.

I also think that the increase in Bitcoin prices will continue even though it has to be marked by several corrections.
We already saw a little correction, the price dropped below $44k. But it increases again above $44k today. It seems the price increase will continue because it is unlikely to drop significantly.


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December 09, 2023, 09:29:09 AM
 #163

I don't know if I should call it a glitch or something else because the way the price is just avoid $45k in the past 3 days after hitting $44k is just confusing. I still believe this December is more productive than the previous months from what we're seeing.
If care is not taken this new week is going to have a little bit of delay before going forward to surpass $44k and then we would be smiling to see $45-48k. We could be seeing a faster market movement to get to $50k by the end of this month, before that lets wait for Bitcoin price to get to $45k and if it stays in that amount for some hours or days, I believe it will hit $46k and above.

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December 09, 2023, 12:28:40 PM
 #164

I don't know if I should call it a glitch or something else because the way the price is just avoid $45k in the past 3 days after hitting $44k is just confusing. I still believe this December is more productive than the previous months from what we're seeing.
If care is not taken this new week is going to have a little bit of delay before going forward to surpass $44k and then we would be smiling to see $45-48k. We could be seeing a faster market movement to get to $50k by the end of this month, before that lets wait for Bitcoin price to get to $45k and if it stays in that amount for some hours or days, I believe it will hit $46k and above.

It's the repeat of same situation when Bitcoin was struggling to reach $40k and was fluctuating between $35k and $38k, I feel Bitcoin should eventually cross $45k once again by the end of next week because we have seen on more than one occasions Bitcoin starts to drop towards the end of December. If Bitcoin crosses $45k and heads towards or even breaches $50k then it will pool in more demand and thus avoid any possible correction at this moment. It's either above $45k by the end of next year or a possible market correct awaits us before halving.









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December 09, 2023, 03:12:33 PM
 #165

If you look at the current trend, I am very optimistic that BTC will be able to reach $45k by the end of 2023, especially now that demand for BTC is increasing, of course with a lot of demand, the price of BTC will increase, perhaps for holders.  Bitcoin who want to make a profit can be ready to sell their assets at the end of this year... and buy them back when the BTC price starts to fall...

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December 09, 2023, 03:41:16 PM
 #166

Well, this prediction is looking real good right now. I’m a bit surprised we moved up so far so fast but I guess there’s been enough cycles now that the big boys have it figured out and are stacking all they can before the big god candle hits. My question to AI now would be, what will the price be 2 years from now.
And you believe an AI could accurately predict the market? That's a misconception if I must say. This is a mere coincidence as the market could be precited even under gambling conditions and the predictor becomes right, so there is no big deal here. One thing I love is being constructive enough as to what could make AI predict the market accurately or not. And in all my reasoning, I realized that AIs are not spirit beings, neither are those who coded them, and they can't know more than what is coded in them, only that they can deliver it faster. In this light, if those who coded an AI could not gain perfectly from the market or have their perfect predictions, how would AIs do the magic?

And for the record, the market is dynamic, AI will never know the conditions that will cause a deviation from what it thought might happen. Just take for an example, Gold dropped about 350 pips ($3500 in case of Bitcoin comparison) yesterday when everyone thought it was on the verge of recovering the huge drop since Monday. But what happened was that the US news of NFP, Average Hourly Earnings, Unemployment Rates and others came out positive beyond economists' expectations and Gold dropped like mad. This is how it is, the AIs could study the chart very well, but is it the chart alone that causes the market to buy or sell? Anything can happen that is not planned. And how would they know what would become of the fundamental side of the market to make an accurate prediction?

They can't just know it.

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December 09, 2023, 03:42:44 PM
 #167

It's the repeat of same situation when Bitcoin was struggling to reach $40k and was fluctuating between $35k and $38k, I feel Bitcoin should eventually cross $45k once again by the end of next week because we have seen on more than one occasions Bitcoin starts to drop towards the end of December. If Bitcoin crosses $45k and heads towards or even breaches $50k then it will pool in more demand and thus avoid any possible correction at this moment. It's either above $45k by the end of next year or a possible market correct awaits us before halving.
This is a reasonable prediction if you look at where, since the beginning of November, Bitcoin's movement has continued to increase until now, where it has been at a price of $43.9K, and of course, it is very natural that if it continues to move up, it will reach $45K next week. will easily be done. However, it is very possible that there will be a correction again before entering the halving era, although the possibility will be small, because a very positive situation has been seen to be able to remain consistent in positive movements until the halving era occurs. Of course, that is everyone's hope because this is the momentum. It is time for Bitcoin to continue to reach its best point next year so that it reaches a renewable ATH.

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December 09, 2023, 06:11:53 PM
 #168

I think AI analyzed and gave the best results at a time. Subsequent market behavior will also be summarized later. Although AI is becoming more reliable, the possibility of replacing accurate predictions of the actual market situation cannot be ruled out. Personally, I still think that if we don't get any upside (which could come from ETF approval or other things) in the coming week then bitcoin could fall a bit at 38k-40k or rise exceed $48k by the end of this year. Also, we all know AI data can be edited for other purposes so I'm not too concerned about AI predictions in such situations.

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December 10, 2023, 03:18:21 AM
 #169

I don't know if I should call it a glitch or something else because the way the price is just avoid $45k in the past 3 days after hitting $44k is just confusing. I still believe this December is more productive than the previous months from what we're seeing.
If care is not taken this new week is going to have a little bit of delay before going forward to surpass $44k and then we would be smiling to see $45-48k. We could be seeing a faster market movement to get to $50k by the end of this month, before that lets wait for Bitcoin price to get to $45k and if it stays in that amount for some hours or days, I believe it will hit $46k and above.

It's the repeat of same situation when Bitcoin was struggling to reach $40k and was fluctuating between $35k and $38k, I feel Bitcoin should eventually cross $45k once again by the end of next week because we have seen on more than one occasions Bitcoin starts to drop towards the end of December. If Bitcoin crosses $45k and heads towards or even breaches $50k then it will pool in more demand and thus avoid any possible correction at this moment. It's either above $45k by the end of next year or a possible market correct awaits us before halving.

The price is not acting up like making that force of getting past $43k, that's just another barrier that's affecting the market price at the moment. I just hope this won't be another repetition of last month movement, if that's the case then let's wait and see the price going forward by the end of December. But I believe that whatsoever prediction is coming either from AI, I don't see the market price still struggling to get to $45k before the end of this week.

R


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December 10, 2023, 03:24:45 AM
 #170

Would this be a sign that it would replace those kind of trading signals? What an amazing prediction by the AI bot here. I’m pretty curious how the boat analyse this and what are the parameters that were given to it to arrive to this conclusion because it’s somehow accurate with what’s happening now. Maybe we could recreate it or improve more our skills when it comes to trading or such.

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December 10, 2023, 09:04:47 AM
 #171

Pretty good prediction from AI but we can not make it look so worthy as many would have begin to use it for their day to day trade. I believe Bitcoin price is controlled by the supply and demand, if then who buys? (Human) who sells? (Human), how come they can predict what humans can do at a certain interval, the AI must have just said base on assumptions. With this I would not solely rely on the AI prediction. It might seem correct on this one but how often will it predict the future of Bitcoin and be absolute correct. Personally I have predicted the price before the close of the year to get to $48k and I believe the market is working towards that direction as it will move slowly till it reaches that point.



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December 10, 2023, 04:45:13 PM
 #172

Would this be a sign that it would replace those kind of trading signals? What an amazing prediction by the AI bot here. I’m pretty curious how the boat analyse this and what are the parameters that were given to it to arrive to this conclusion because it’s somehow accurate with what’s happening now. Maybe we could recreate it or improve more our skills when it comes to trading or such.

The prediction made by artificial intelligence may have come true this time, but this does not mean that it will always work. Artificial intelligence can make interpretations with certain data, that is, it cannot predict the future. Of course, he can analyze the data better than most people, but these analyzes may not always be accurate. Estimates are always made based on an assumption, and some investors can act according to these estimates.

Artificial intelligence benefits us in many areas and makes our jobs easier. When it comes to investment, I think we should act more carefully.
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December 10, 2023, 05:15:18 PM
 #173

-snip-
The prediction made by artificial intelligence may have come true this time, but this does not mean that it will always work. Artificial intelligence can make interpretations with certain data, that is, it cannot predict the future. Of course, he can analyze the data better than most people, but these analyzes may not always be accurate. Estimates are always made based on an assumption, and some investors can act according to these estimates.

Artificial intelligence benefits us in many areas and makes our jobs easier. When it comes to investment, I think we should act more carefully.
True, AI helps a lot and its predictions about the price of bitcoin at the end of the year are almost real. Bitcoin's fundamentals strongly support this prediction and it is almost becoming a reality. We are very close to $45k, but perhaps that prediction will not be as accurate as it once was in the future. It is recommended to carry out analysis and consider supporting factors such as good and bad news before investing, but don't just rely on AI.

To be honest, I don't use AI to predict prices, but AI has helped me to increase my knowledge and abilities in analyzing and managing and building investment portfolios well. Of course, AI will not always be right and investors must still proceed wisely and carefully.

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December 11, 2023, 09:18:37 AM
 #174

Would this be a sign that it would replace those kind of trading signals? What an amazing prediction by the AI bot here. I’m pretty curious how the boat analyse this and what are the parameters that were given to it to arrive to this conclusion because it’s somehow accurate with what’s happening now. Maybe we could recreate it or improve more our skills when it comes to trading or such.

Is not yet the end of 2023 and with the price looking as if is not yet to go make a move should be a sign to show that it might get past $45k and AI can be 100% wrong if care isn't taken, which I believe so.
Although the market price is some how having it rough in making a positive move and in the last 48hrs if not more you'd agree with me that we have been seeing a drastic drop in price, just hope this week can start up something positive.

R


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December 11, 2023, 10:51:30 AM
 #175

There were too many expectations from both traders and investors for the to reach $45k, and that's what the market loves most time, that is the market loves taking advantage of such huge number of people anticipating the price to hit such key levels and in some cases or even most time we see the price do go near the target but would not get the to the exact price during the period of expectation just like what is likely playing out, because I wonder what stops the price from reaching the exact price of $45k before dropping back to $42k current price  level.
I kind of think we may continue to get further correction in the coming days and weeks down to $38k or even lower $35k, as we have just opened up this week with a slight correction and the correction may even ball down to January before we start to see further upside movement in the price, just my thoughts.

R


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December 11, 2023, 02:00:58 PM
 #176

45k seems reasonable, but I would question how those AIs came to the decision.

A large language model does not simply do maths, does not take past price data into consideration, just makes up a random number from a huge amount of outdated text.

And most of the current generally available AIs are as good as few year old random spam articles scattered around the internet. Because they have exactly been trained on that data.
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December 12, 2023, 09:07:32 PM
 #177

Well, this prediction is looking real good right now. I’m a bit surprised we moved up so far so fast but I guess there’s been enough cycles now that the big boys have it figured out and are stacking all they can before the big god candle hits. My question to AI now would be, what will the price be 2 years from now.
when I first came up with this post some persons questioned the possibility of the prediction since it's an AI prediction which could have been from some data stock into the machine and was working based on available data provided to it. However with what the price of bitcoin has been now it proves that those data's collated by the AI in producing such prediction were a valid data. But for that of  a 2 years prediction from now is what I don't think any human or AI is capable of projecting correctly, for that's a long term projection unlike shorts terms of 6 months can be considered.
I really don't know anyway
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December 13, 2023, 09:22:50 AM
 #178

Well, this prediction is looking real good right now. I’m a bit surprised we moved up so far so fast but I guess there’s been enough cycles now that the big boys have it figured out and are stacking all they can before the big god candle hits. My question to AI now would be, what will the price be 2 years from now.
when I first came up with this post some persons questioned the possibility of the prediction since it's an AI prediction which could have been from some data stock into the machine and was working based on available data provided to it. However with what the price of bitcoin has been now it proves that those data's collated by the AI in producing such prediction were a valid data. But for that of  a 2 years prediction from now is what I don't think any human or AI is capable of projecting correctly, for that's a long term projection unlike shorts terms of 6 months can be considered.
I really don't know anyway

If you think AI can predict the price of bitcoin in the short to medium term, can you ask it to make predictions from now until the halving? Because with the prediction of 44k$ or 45k$, I also see some people who are good at technical analysis also making this prediction. But that is not enough to prove they are talented enough to understand every movement of bitcoin. I mean, with just one correct prediction, that doesn't mean anything. If they and AI can make more accurate predictions in the near term, then we can truly say that they are capable of predicting bitcoin prices.

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December 13, 2023, 11:18:41 AM
 #179

Well, this prediction is looking real good right now. I’m a bit surprised we moved up so far so fast but I guess there’s been enough cycles now that the big boys have it figured out and are stacking all they can before the big god candle hits. My question to AI now would be, what will the price be 2 years from now.
when I first came up with this post some persons questioned the possibility of the prediction since it's an AI prediction which could have been from some data stock into the machine and was working based on available data provided to it. However with what the price of bitcoin has been now it proves that those data's collated by the AI in producing such prediction were a valid data. But for that of  a 2 years prediction from now is what I don't think any human or AI is capable of projecting correctly, for that's a long term projection unlike shorts terms of 6 months can be considered.
I really don't know anyway

If you think AI can predict the price of bitcoin in the short to medium term, can you ask it to make predictions from now until the halving? Because with the prediction of 44k$ or 45k$, I also see some people who are good at technical analysis also making this prediction. But that is not enough to prove they are talented enough to understand every movement of bitcoin. I mean, with just one correct prediction, that doesn't mean anything. If they and AI can make more accurate predictions in the near term, then we can truly say that they are capable of predicting bitcoin prices.

I think in January, or at the start of the year, almost everyone says that the price could hit $45k-$50k at the end of the year. And it just so happen that AI too has predicted that. So we shouldn't take offense on what AI has predicted, and on the contrary it's good that it is in unison of what the majority sees way before the AI have predicted it.

There could be a lot of areas though that a AI could be great, might not be in the prediction of bitcoin price as there are a lot of actors to consider that only humans can see it. Like the emotions of the sentiments of the people, I doubt that AI can take that into consideration. It might just be looking for it's past historical logs to make his own conclusion as to what the price will be in the prediction.

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December 13, 2023, 11:51:08 AM
 #180

Well, this prediction is looking real good right now. I’m a bit surprised we moved up so far so fast but I guess there’s been enough cycles now that the big boys have it figured out and are stacking all they can before the big god candle hits. My question to AI now would be, what will the price be 2 years from now.
when I first came up with this post some persons questioned the possibility of the prediction since it's an AI prediction which could have been from some data stock into the machine and was working based on available data provided to it. However with what the price of bitcoin has been now it proves that those data's collated by the AI in producing such prediction were a valid data. But for that of  a 2 years prediction from now is what I don't think any human or AI is capable of projecting correctly, for that's a long term projection unlike shorts terms of 6 months can be considered.
I really don't know anyway

If you think AI can predict the price of bitcoin in the short to medium term, can you ask it to make predictions from now until the halving? Because with the prediction of 44k$ or 45k$, I also see some people who are good at technical analysis also making this prediction. But that is not enough to prove they are talented enough to understand every movement of bitcoin. I mean, with just one correct prediction, that doesn't mean anything. If they and AI can make more accurate predictions in the near term, then we can truly say that they are capable of predicting bitcoin prices.

I think in January, or at the start of the year, almost everyone says that the price could hit $45k-$50k at the end of the year. And it just so happen that AI too has predicted that. So we shouldn't take offense on what AI has predicted, and on the contrary it's good that it is in unison of what the majority sees way before the AI have predicted it.

There could be a lot of areas though that a AI could be great, might not be in the prediction of bitcoin price as there are a lot of actors to consider that only humans can see it. Like the emotions of the sentiments of the people, I doubt that AI can take that into consideration. It might just be looking for it's past historical logs to make his own conclusion as to what the price will be in the prediction.

AI is just an application, a software, and for it to work, we need to provide it with data. So, I think many investors have predicted and expected that bitcoin could touch $45k - $50k by the end of this year and AI made its prediction based on that. So it's no surprise that it made this prediction, I myself made this prediction earlier this year but of course, it was just a random guess and I wasn't sure at all.

As I said before, AI is just a tool to assist us in some areas, and it cannot replace us to do all the work or make predictions about the future. It is not possible.

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