Bitcoin price $45k by ending of 2023: AI prediction

[pinggoki]

Given how AI and markets both work in similar ways, I’m curious how accurate AI models will be when it comes to Bitcoin. It would make sense to me if AI were able to predict things better than people when it comes to Bitcoin, considering Bitcoin is in my opinion less manipulatable than traditional investments.

Not that accurate although I can't be so sure of that because I don't have the paid version of ChatGPT so my conjecture is incomplete. Bard AI is up to date but I've tried to use it and it's giving me an incomplete and inaccurate data since it's still in it's experimental stage. There's probably other AI that's more suited to trading out there that I don't know so my opinion on AI is incomplete or inaccurate too. When I used these two AI models, it just listed factors that could influence bitcoin price movement and their prediction on it and the factors that the AI has given is pretty much generalized so you can't really get anything out of it.

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[bayu7adi]

They're just predicting it based on the history data they've collected and trained on the chatbot. Trusting it 100% might not necessarily make you proud in the end because the market truly moves beyond the capacity of AI. However, for those who are hodling, yes... I think they'll gain a bit of confidence as it aligns with their expectations, which is profit. As long as there's no FUD, I believe long term investors will stick with the traders to continue hodl their BTC.

I prefer to see what will really happen by the end of this year, at least 45 days until the end of the year isn't a very long time. I continue my Bitcoin habits even with positive news from AI... it hasn't significantly changed my perspective.

[Davian144]

Anytime I've asked a chatbot to predict the price of Bitcoin on a date that is many months into the future it always thinks the price will go up. If you ask for a short term prediction it will give you an answer based on recent price trends. There is nothing really special about AI predictions. The answers you get will be based either on random predictions they scraped from the web or on recent trends. The next time there is a crypto winter, AI won't see it coming until we are already in the midst of it.

It seems really useless to ask a chatbot to predict Bitcoin prices for the next few months using AI methods. And I think AI was not created to see the future or things that have not yet happened because AI was created by humans who generally cannot foresee any future so the possibility of being further off track from what will happen is very large. So it's appropriate to forget about AI in things like this even though maybe AI can be useful for other things, but not for things like price predictions.

[rodskee]

I wonder how accurate or trustworthy AI in terms of prediction ? if this can break the capacity
of human as how we have seen over the years? or just like regular prediction that the accuracy is just a little as 30-50%?
well that percentage is about how I see most of the prediction given from my years being here and how I supported some of them.

$45,000 would be nice, really nice. We’ll have to wait and see what happens before the end of the year. I don’t think AI can predict the bitcoin price trajectory with any great accuracy but it’ll be interesting to see if this prediction is accurate.

$45,000 is definitely possible and I’ll be very happy if AI is right with their prediction. We haven’t got long left in the year now so let’s see what happens.

This will also add believe in AI once this prediction may come reality ,
 because 45k is a big jump from what we already suffer since last year and almost this year also .

[Silberman]

I wonder how accurate or trustworthy AI in terms of prediction ? if this can break the capacity
of human as how we have seen over the years? or just like regular prediction that the accuracy is just a little as 30-50%?
well that percentage is about how I see most of the prediction given from my years being here and how I supported some of them.

Since those predictions are just based on what other people wrote online, in a way we are just watching the overall sentiments of the market being reflected back to us, which in turn reinforce the beliefs of many which then generate more similar predictions that are picked by the AI, so as you can see this becomes a pernicious circle which can only be broken by the reality of the price moving at its own pace, so if I were you I would not put too much weight behind those predictions.

[kotajikikox]

Six AI chatbots forecast bitcoin to reach $45k by December 31 2023. From the  article the test was first carried out June this year which it was predicted that the price will get to $45k by the end of the 2023 year, and on the 3rd of this month of November 2023 another query test was carried out using 6 different AI chatbots to inquire what the price of bitcoin could be by end of the year and they all gave predictions that points to $45k at most. And the most intriguing thing about this which caught my attention is that it was same price prediction range it gave sometime June this year when the first test was conducted.

Four months ago, Bitcoin.com News engaged with six generative AI chatbots, prompting them to forecast bitcoin’s value at the close of 2023. The collective consensus of these AI systems anticipated BTC to land between $40,000 and $50,000 by the conclusion of the year. With the year now winding down to its final two months, we repeated the experiment. The updated predictions from the AI chatbots have arrived slightly more conservative than the June estimates.

So I decided to bring it to the forum to know about what other forum members think about this AI prediction. Is it a prediction you can rely on or it's just one of those common bitcoin  price predictions of the decade we are used to from different angles, is there anything special about this one .

I don't know but so many people tend to think AI is overrated but when it's comes to things like Bitcoin market predictions who can tell since it has to deal with statistical data, I think the AI actually have an upper hand in this type of prediction only that Bitcoin is so volatile that almost all it's prediction and speculation are wrong most of the time by big crypto enthusiast and influencers.

I also believe in your points , for how many years that we have been listening or trying to listen in wild prediction (because maybe we wanted to hear positive things only)  but now that there is this AI that will help us learn and understand the easy way, many are denying , maybe let them have their belief and against AI while we are trying our luck in Generated knowledge .
hope that this time it will  bring a big positive speculation than what we have in the past years.

[Sunderland]

Only needs some fuds and negative news on the internet then the AI will predict less than $40k.
The more good news, the price prediction will goes higher again.

No, do not use AI to predict the price and do any investment based on that.
Just hodl, soon or later we will see the $45k for 1 BTC.

[bitterguy28]

Only needs some fuds and negative news on the internet then the AI will predict less than $40k.
The more good news, the price prediction will goes higher again.

No, do not use AI to predict the price and do any investment based on that.
Just hodl, soon or later we will see the $45k for 1 BTC.

The Noice of the market will make the AI react and so you are correct that we should not completely listen to AI generated prediction instead we need only to use those to make our own assessment about how and what will be the price .
this is important to all of us and to our funds (if we are still holding) to maximize our profit.
we must not let computer runs our future because this is reality and not estimation .
and also  i can relate to assume we are nearing 40k and may break it but specification of time maybe this year and not by November .

[fuguebtc]

Only needs some fuds and negative news on the internet then the AI will predict less than $40k.
The more good news, the price prediction will goes higher again.

No, do not use AI to predict the price and do any investment based on that.
Just hodl, soon or later we will see the $45k for 1 BTC.

The Noice of the market will make the AI react and so you are correct that we should not completely listen to AI generated prediction instead we need only to use those to make our own assessment about how and what will be the price .
this is important to all of us and to our funds (if we are still holding) to maximize our profit.
we must not let computer runs our future because this is reality and not estimation .
and also  i can relate to assume we are nearing 40k and may break it but specification of time maybe this year and not by November .

We just need to remember that AI is programmed by us and it depends on the data we provide so it cannot replace humans in making predictions for the future . If AI does not update data promptly, it is nothing more than a pile of scrap metal , so it would be quite naive if we rely on predictions about the future of AI.

As for the future of bitcoin , we should also refrain from making short-term predictions and focus more on the long term and the number of bitcoins we have. Because bitcoin reaches $45k or $100k by the end of this year , but if we don't have bitcoin in our wallet it doesn't mean anything.

[naikturun]

I think 45k$ is too far for the end of this year, plus the news of the resignation of the CEO of Binance which has shaken the market a bit, whatever it is, it looks like 40k$ will not be achieved this year and will likely rise again in early 2024.
and after the halving we will see a fairly stable increase until the end of the year.

[Aanuoluwatofunmi]

AI can give us result almost the same as we can also phantom to discover and everything works together as predicted, we are likely to have $45,000 till the end of this year and we are also likely not to have upto that because the market can change at anytime to our greatest surprises, but just as many people have predicted, we are going to have more of bullish trend than the bear till the end of these years except for unforseen circumstances whereby the market drastically changes and we see otherwise, but am also bullish all through this year end.

[Kemarit]

I think 45k$ is too far for the end of this year, plus the news of the resignation of the CEO of Binance which has shaken the market a bit, whatever it is, it looks like 40k$ will not be achieved this year and will likely rise again in early 2024.
and after the halving we will see a fairly stable increase until the end of the year.

Yeah, there is a news about CZ and Binance, but if you look at the market, it wasn't that affected negatively. On the other hand, we continue to have a jump, the price is more than $37,000 and the increased is 1.x% in the last 24 hours. So given that how this news was released and yet the market didn't take a dent? I think the market will remain bullish up to the end of the year.

So maybe the AI got it right, or the market is really going at that price at the end of the year because majority of us, or at least myself is seeing prices like $40,000-$50,000 next month. Let's see how it goes, bullish sentiment is still predominant in this market.

[Lanatsa]

Only needs some fuds and negative news on the internet then the AI will predict less than $40k.
The more good news, the price prediction will goes higher again.

No, do not use AI to predict the price and do any investment based on that.
Just hodl, soon or later we will see the $45k for 1 BTC.

The Noice of the market will make the AI react and so you are correct that we should not completely listen to AI generated prediction instead we need only to use those to make our own assessment about how and what will be the price .
this is important to all of us and to our funds (if we are still holding) to maximize our profit.
we must not let computer runs our future because this is reality and not estimation .
and also  i can relate to assume we are nearing 40k and may break it but specification of time maybe this year and not by November .

We just need to remember that AI is programmed by us and it depends on the data we provide so it cannot replace humans in making predictions for the future . If AI does not update data promptly, it is nothing more than a pile of scrap metal , so it would be quite naive if we rely on predictions about the future of AI.

As for the future of bitcoin , we should also refrain from making short-term predictions and focus more on the long term and the number of bitcoins we have. Because bitcoin reaches $45k or $100k by the end of this year , but if we don't have bitcoin in our wallet it doesn't mean anything.

People should really be realizing this on which we are really that someone who did create AI on which means that it would really be just simply making out those kind of predictions basing up into those information that had been stored up on the library on which making out some analysis into it and will really be basing up with those given numbers but we do know that this market is never been predictable in the first place.
Things that happened in the past doesnt mean that it wouldn't happen in the future, everything that takes from here would really be always remain as a speculation on which people would really be never ever
be able to get on the right spot.

Any predictions made out by AI or human, then always nitpick with those kind of price assumptions. No one knows about the future and no one really knows on what would happen.
It would really be always varying or depending on the demand and recognition on which numbers cant really be known on when it would be stopping or reaching.
Therefore, it would really be that wise that you should really know on when to get in and accumulate.

[Silberman]

I think 45k$ is too far for the end of this year, plus the news of the resignation of the CEO of Binance which has shaken the market a bit, whatever it is, it looks like 40k$ will not be achieved this year and will likely rise again in early 2024.
and after the halving we will see a fairly stable increase until the end of the year.

Yeah, there is a news about CZ and Binance, but if you look at the market, it wasn't that affected negatively. On the other hand, we continue to have a jump, the price is more than $37,000 and the increased is 1.x% in the last 24 hours. So given that how this news was released and yet the market didn't take a dent? I think the market will remain bullish up to the end of the year.

So maybe the AI got it right, or the market is really going at that price at the end of the year because majority of us, or at least myself is seeing prices like $40,000-$50,000 next month. Let's see how it goes, bullish sentiment is still predominant in this market.

It is likely that since the halving is so close already despite the bad news people are not willing to sell their coins, as they think that if they do then they will have to buy their coins again but at a higher price, so they are preferring to hold their coins no matter what as a way to not let go of the benefits they have obtained already due to the increase in the price we have seen in the last months, still even with all of that 45k seems like it is too far away, especially if we consider that there is just one month left before this year ends.

[cryptomaniac_xxx]

I think 45k$ is too far for the end of this year, plus the news of the resignation of the CEO of Binance which has shaken the market a bit, whatever it is, it looks like 40k$ will not be achieved this year and will likely rise again in early 2024.
and after the halving we will see a fairly stable increase until the end of the year.

Yeah, there is a news about CZ and Binance, but if you look at the market, it wasn't that affected negatively. On the other hand, we continue to have a jump, the price is more than $37,000 and the increased is 1.x% in the last 24 hours. So given that how this news was released and yet the market didn't take a dent? I think the market will remain bullish up to the end of the year.

So maybe the AI got it right, or the market is really going at that price at the end of the year because majority of us, or at least myself is seeing prices like $40,000-$50,000 next month. Let's see how it goes, bullish sentiment is still predominant in this market.

It is likely that since the halving is so close already despite the bad news people are not willing to sell their coins, as they think that if they do then they will have to buy their coins again but at a higher price, so they are preferring to hold their coins no matter what as a way to not let go of the benefits they have obtained already due to the increase in the price we have seen in the last months, still even with all of that 45k seems like it is too far away, especially if we consider that there is just one month left before this year ends.

Yes, and in the worst case that we will see, it's obvious to be more than the last all time high, so maybe $70k is the price is for those who have been holding for so long just to make some profits. And then we have the block halving next year, so it's better to accumulate as much.

Regardless of what the AI thinks or predict, as a smart investors, again accumulation is the key and keep on holding. Lots of positive news around from today till the next bull run, so most likely AI will also predict more than $100k in 2024-2025?

[DanWalker]

I think 45k$ is too far for the end of this year, plus the news of the resignation of the CEO of Binance which has shaken the market a bit, whatever it is, it looks like 40k$ will not be achieved this year and will likely rise again in early 2024.
and after the halving we will see a fairly stable increase until the end of the year.

Yeah, there is a news about CZ and Binance, but if you look at the market, it wasn't that affected negatively. On the other hand, we continue to have a jump, the price is more than $37,000 and the increased is 1.x% in the last 24 hours. So given that how this news was released and yet the market didn't take a dent? I think the market will remain bullish up to the end of the year.

So maybe the AI got it right, or the market is really going at that price at the end of the year because majority of us, or at least myself is seeing prices like $40,000-$50,000 next month. Let's see how it goes, bullish sentiment is still predominant in this market.

It is likely that since the halving is so close already despite the bad news people are not willing to sell their coins, as they think that if they do then they will have to buy their coins again but at a higher price, so they are preferring to hold their coins no matter what as a way to not let go of the benefits they have obtained already due to the increase in the price we have seen in the last months, still even with all of that 45k seems like it is too far away, especially if we consider that there is just one month left before this year ends.

CZ has been sued, resigned, or is awaiting sentencing for money laundering. This has a negative impact on Binance and the BNB ecosystem, but it is not all bad news for the market. If something happened to binance it would be a real problem for the market but binance is still doing very well. So I wouldn't consider this as negative news for the markets so there is no reason for people to panic and sell their bitcoins.

Regarding the prediction of 45k$ by the end of the year, I also agree with everyone that it seems very difficult for us to achieve that goal but the goal of 40k$ I think will be more feasible.

[asrinur]

If you look at the recent performance of the bitcoin market, it seems that the AI prediction which estimates that the price of Bitcoin will reach $45k by the end of 2023 can be achieved because the price of bitcoin is currently trading in the range of $36k-$37k and the market is in a state of recovery after several months The last one was in a bearish phase.

[traderethereum]

It is likely that since the halving is so close already despite the bad news people are not willing to sell their coins, as they think that if they do then they will have to buy their coins again but at a higher price, so they are preferring to hold their coins no matter what as a way to not let go of the benefits they have obtained already due to the increase in the price we have seen in the last months, still even with all of that 45k seems like it is too far away, especially if we consider that there is just one month left before this year ends.

If that's what they think, it means they have learned a lot from their experience not to panic when they see or read the news. It would be good if they could restrain themselves from selling their coins with the thought that if they sold them now, they might not be able to buy them for as much as they sold them for.
Reaching $45k may still be difficult, especially since the price has not yet broken through to higher prices. But sooner or later, the price of bitcoin will definitely reach that price, and even if it can't be reached by the end of the year, that's okay.
The important thing is that we still have time to accumulate more to prepare for a real bull run.

[strunberg]

It seems really useless to ask a chatbot to predict Bitcoin prices for the next few months using AI methods. And I think AI was not created to see the future or things that have not yet happened because AI was created by humans who generally cannot foresee any future so the possibility of being further off track from what will happen is very large. So it's appropriate to forget about AI in things like this even though maybe AI can be useful for other things, but not for things like price predictions.

I also thought that it was something useless. What AI says is a logical calculation which of course AI cannot process market psychology and results based on analysis of previous history. What AI does in predictions is futile because AI was created for something that is a logical calculation and analysis based on mathematical data. I don't know how to explain it properly but I think you understand this. AI was not created to see the future.

I think there is nothing special about the $45k prediction by AI. Humans also agree that now the bear market is over and Bitcoin is about to enter a bullish season.

[danadc]

You should not be guided only by what an AI says, because the AI does not have the ability to make predictions, it is something that should not be fully trusted, some AIs may have a very developed way of prediction, but it is not what You must have something to do, I can do many things to buy bitcoin now, because I do know that it will go up, but I don't know, I was thinking that it could reach $50k, and it is a figure that can be made at any time, not at the end This year, in this same month of November it can be done, and bitcoin is like that and the genai price can be given, I don't trust the AI, but I still like its prediction.