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

[macson]

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 .

Seeing the uncontrolled volatility of the Bitcoin price makes me not take it seriously every time a prediction about the price of Bitcoin appears, even when the prediction is issued by someone who is known to be an expert in the field of trading, earlier the price of Bitcoin reaches $35k, maybe tomorrow or 2 In the next day the price of Bitcoin will reach $40k or even $50k, but with more and more predictions appearing, market sentiment will improve and make the chance of Bitcoin touching $45k in the next few weeks no longer impossible ^{(predictions are the fuel for bitcoin price increases)}

[nurilham]

AI is not a machine that predicts the future and is also not an observing machine that happens by itself because this tool was also created by humans so its predictions for the price of Bitcoin are not much different from what many people are saying or predicting at the moment.

It is true that AI is a machine which has the ability to predict the future. If we put valid and trusted data, AI machine can predict in a proper way. Sure, its prediction isn't so different with human's prediction. The data put on AI machine is derived from human, right? Since it is a prediction, we shouldn't trust it 100%. AI machine or human only predicts the future, they can't determine the future. So, I think we mustn't be so confused about AI prediction.

But I hope that the results from AI will not be used as a basis for making investment decisions, because its accuracy is still highly doubtful -snip-

AI prediction isn't for the basis for investment choice/decision. If we want to decide anything in investment, it should be based on our own analysis. Sure, the accuracy isn't 100%, for me the accuracy of a prediction commonly is around 50-60% only.

CMIIW

[TimeTeller]

AI is not a machine that predicts the future and is also not an observing machine that happens by itself because this tool was also created by humans so its predictions for the price of Bitcoin are not much different from what many people are saying or predicting at the moment.

It is true that AI is a machine which has the ability to predict the future. If we put valid and trusted data, AI machine can predict in a proper way. Sure, its prediction isn't so different with human's prediction. The data put on AI machine is derived from human, right? Since it is a prediction, we shouldn't trust it 100%. AI machine or human only predicts the future, they can't determine the future. So, I think we mustn't be so confused about AI prediction.

But I hope that the results from AI will not be used as a basis for making investment decisions, because its accuracy is still highly doubtful -snip-

AI prediction isn't for the basis for investment choice/decision. If we want to decide anything in investment, it should be based on our own analysis. Sure, the accuracy isn't 100%, for me the accuracy of a prediction commonly is around 50-60% only.
CMIIW

The prediction of AI is quite positive, so the decision will be on your hands if you will indeed believe it or not.
The probability of happening may not be high, this is why it is called speculation or prediction.
But there's nothing wrong in using it as a guide on how you will invest on this market, just make sure that you have no one to blame if you follow such prediction.

[savetheFORUM]

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 .

Because AI models are trained using the data available on the internet, I wouldn't say there is anything special about those predictions since these AI models process data and come up with answers based on the queries asked. As far as I know, these language models don't do any analysis of their own or read charts or anything, but their forecasts are mainly based on what others have written on the matter on different websites and news outlets available on the internet.

So, essentially, no prediction is reliable since we all just make speculations based on the data available, but predictions made by AI models might be less accurate than human-made predictions since we will check all the aspects before we go ahead and make a prediction, they barely do that, IMO.

[adaseb]

I think what we will see will be similar to 2015 and 2019, where we get an echo bubble pretty much. Basically a similar bubble but won’t reach ATH. We had this happened in 2019, where we spiked and then pretty much traded nowhere for months until it broke ATH after Covid made all the stock markets rally.

So I think it’s a good prediction. Nothing crazy like those saying it will reach $1M or something crazy like that.

[el kaka22]

What would an AI know about bitcoin, it is really just filled with human data and nothing more, it is just data that was feed to it that says this and not some actually intelligent thing that does it. I believe that its not really all that complicated to do it, I can feed any AI software with 45k idea, and then whenever someone asks, it will say 45k. Not saying that's wrong, who knows maybe it could be true, but lets stop expecting AI to do our job for us, it is not going to work.

It's basically just like caring about what an influencer would say, it is not really important because influencer could be wrong, they are a human just like us. AI is basically similar, it may look like it is something special but the reality is that it is not and won't be that important. I believe that we are going to have something special that would be a little different on the long run at and can't be all that simple to handle when you think about how powerless AI could be without humans.

[BitcoinsGreat]

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 .

Inasmuch as I know AI is just speculating the price of bitcoin in consideration with the current price now, just like every other human is doing their own speculation. Bitcoin is a volatile asset and has the tendency of fluctuating in it's price in the market so projecting the price to be around $45,000 towards the end of the year may not be as accurate as the AI predicted but however the best option now is still to buy and HODL

We all know that it is best to buy and hold for long term but here is the question is how authentic is this prediction by the AI.

Well, we can only tell if this prediction was right or wrong on the 1st of Jan, 2024 as by then we already will have this data. However, i think that if the ETF is approved by that time, only then we can move to such figures else we may see price consolidating between 30-35K.

It is because of the ETF hype plus the bitcoin halving is nearby, we are not seeing any dump in the market and it is very much possible that we may reach near this $45K target. Yeah, after the halving the price can dump a bit but before that bitcoin is fundamentally very strong at his point of time.

[coolcoinz]

I think what we will see will be similar to 2015 and 2019, where we get an echo bubble pretty much. Basically a similar bubble but won’t reach ATH. We had this happened in 2019, where we spiked and then pretty much traded nowhere for months until it broke ATH after Covid made all the stock markets rally.

So I think it’s a good prediction. Nothing crazy like those saying it will reach $1M or something crazy like that.

Correction: covid did not make the markets rally. In fact covid itself made the markets fall and the decision to close borders made them crash. What made markets rally was the cancellation of the lockdown and a promise of stimulus. In other words it was money printing that made markets rally. Now they're going to rally again because investors know the FED cannot keep tightening anymore and in fact they were printing behind all of this to help Ukraine, so they're done, they have no cards left to put on the table.

I wouldn't rely on AI's prediction, but I think these bots are right. We could easily get a 20% rally from here.

[_BlackStar]

Come on - don't get caught up, AI is not a predictor and is not likely to be recommended as a means of predicting the future prices of highly volatile assets like bitcoin. If AI can really be used to predict - then then we don't need to do TA and FA at all, but fortunately AI is not what is needed to predict prices.

You can utilize AI to gather some information and data - but it's just plain old data collected and presented to you. Don't let AI be the predictor and decider of your investments - do your own research and start wisely.

[mirakal]

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.

AI or not, some experts have also collectively looked at the market, the price chart of Bitcoin, and made their prediction that Bitcoin was going to hit $40k towards the end of the year. Those AIs are also using information from the past price history of Bitcoin to make their predictions. The fact that those AI predicted $45k doesn't mean it's very accurate; it's still speculation, just like humans have always speculated. Nothing special. The AI is not speaking with a guarantee that Bitcoin must get to $45k before December 31. When we speculate about prices, it sometimes doesn't work like that because the market is not in our control. The same is applicable to AI; they don't control the market.

Whether the prediction is made through AI or not, one thing is certain, all are just speculations and are not guaranteed accurate as long as the market remains to be uncontrollable. That's why bitcoin price hitting the amount of $45k will remain a wild guess until the year ends, unless if bitcoin price follow its direction and eventually reach a new all time high, even exceeding to $45k.

However, its normal to see highly positive predictions when the market is very bullish, and that AI predictions are not an excuse to it as they only predict the future price based on how the current position of bitcoin in the market. Same with crypto influencers, they only predict based on their personal views and understanding on the current position of the market.

[taufik123]

-snip-
You can utilize AI to gather some information and data - but it's just plain old data collected and presented to you. Don't let AI be the predictor and decider of your investments - do your own research and start wisely.

This is a wiser use and can lead to more positive things.
Instead of just being used to ask predictions that in the end will only receive random and uncertain answers.

Regarding the old data used by AI, it depends on the AI platform too.
GPT Chat may only read data up to September 2021, and of course, it will be very limited and 2 years adrift from the current real-time data.


But Bard AI developed by Google can read real-time data from 1980 to the present
and this could be one of the AIs that many new users choose as well.

[Dr.Bitcoin_Strange]

Whether the prediction is made through AI or not, one thing is certain, all are just speculations and are not guaranteed accurate as long as the market remains to be uncontrollable. That's why bitcoin price hitting the amount of $45k will remain a wild guess until the year ends, unless if bitcoin price follow its direction and eventually reach a new all time high, even exceeding to $45k.

Yea, definitely, the market is not controlled by anyone, even with AI, which some people think is more intelligent than humans, but everybody got just be positive in their prediction, like you said. I think the market can happen according to our prediction in terms of coincidence; if it's not so, the market cannot just go as predicted, although we can closely predict the price. For example, someone can predict $45k, but it might end up being far above $48k or even below $40k.

[Husires]

The last time I listened to artificial intelligence predictions, it told me that the price would return to $50,000 before the end of this year, so the result varies according to the data it is provided with. It would be unwise to trust these tools, but I find that these predictions tend to be accurate.

[Kemarit]

The last time I listened to artificial intelligence predictions, it told me that the price would return to $50,000 before the end of this year, so the result varies according to the data it is provided with. It would be unwise to trust these tools, but I find that these predictions tend to be accurate.

Yes, I don't think that we should trust this tools, it might help us in other aspects in life, but to say that we are going to rely on it to say what the price will be at least at the end of the year? doesn't make sense at all.

Besides, if I'm not mistaken, the prediction of what will be the price at the end of the year is around $40,000-50,000. It might coincide with what the AI might say, but we have this at the middle of the year already. The data that the AI might be getting is what we have been seeing all alone.

So with or without AI, I will stick with my personal prediction. It could be a hit or miss though, but I didn't rely on some bots or AI tools to make that prediction for me.

[kingvirtus09]

I see a lot of people agreeing with AIs prediction and some syas that there has been experts opinion on similar terms that Bitcoin will be finishing this year around $45k mark but I repeat once again not to blindly follow anyone who claims to be experts and AI will source it's result through various analysis and logical reasoning available on web but either of them could go wrong because if we go by AI then all the signals generated by AI bot while trading should be accurate but that isn't the case and if we have to believe in expert's opinion they are the same people who once said Bitcoin will reach $100k back in 2018 which turned out to be a disastrous year, I still remember towards the end 2018 Bitcoin was trading at $3000 the same people used to say Bitcoin is a bubble which has bursted. Please do your own research and analysis along with the news and events related to Bitcoin it will give you best direction about the price.

Of course, when they don't agree, most of them are holdings and when that happens, it will be in favor of all those who have holdings, right? So I don't agree that the accuracy that AI can do is high. There are many experts who said before that the price value of Bitcoin will be like this in this month and date but all of what they said did not come true in their predictions and the accuracy is very far from the reality.

If you think that those who said that before are experts, how much more can an AI that has no emotions be able to analyze the futures that can happen in the price of Bitcoin or other cryptocurrencies.

[JoyMarsha]

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 .

There is nothing special about AI given their predictions to be $45k by the end of 2023. From $35k to $45k, there have been so many people's predictions on what price they expect bitcoin to end up being by 2023.

Even though AI tends to predict bitcoin prices that are close to people's predictions for the day, month, or year, depending on what it is asked to answer, it is not something to quickly and seriously rely on for bitcoin predictions, when we all the crypto market is unpredictable

[BitDane]

More likely AI is basing their prediction on the upcoming decision about ETF and is siding that the result would be positive.  It is indeed a conservative prediction given by AI since if the hype continues and the market starting to FOMO, $45k is a little price to think of given that Bitcoin rallied and increased by $10k in price with just a fake news and a ticker.  I think the market will react more positively if the sign of ETF approval gets more obvious.

[kotajikikox]

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 .

Inasmuch as I know AI is just speculating the price of bitcoin in consideration with the current price now, just like every other human is doing their own speculation. Bitcoin is a volatile asset and has the tendency of fluctuating in it's price in the market so projecting the price to be around $45,000 towards the end of the year may not be as accurate as the AI predicted but however the best option now is still to buy and HODL

Crypto is pure speculative mate and also has manipulations so yes AI can have predictions but expect no perfect on that as we knew for years that even crypto experts cannot predict what will come in the next run .
it may sounds frustrating but that is reality mate , bitcoin though less manipulative yet there can be a manipulations and will change the course of AI predicting .
you should know being an old member of this market and forum , that sideways also happens and not just strong way .

[Poker Player]

More likely AI is basing their prediction on the upcoming decision about ETF and is siding that the result would be positive.  It is indeed a conservative prediction given by AI since if the hype continues and the market starting to FOMO, $45k is a little price to think of given that Bitcoin rallied and increased by $10k in price with just a fake news and a ticker.  I think the market will react more positively if the sign of ETF approval gets more obvious.

Just because there is a large upside after approval does not mean that the upside will be sustained. If a spot Bitcoin ETF is approved tomorrow I would expect a rally that over several days could take the price up to $60K or thereabouts. That's a 60 or 70% upside in a few days, but don't expect a straight line up. As they say in the stock market "buy on the rumor, sell on the news", then there would be steep drops that would fleece retail investors, as is often the case. Although after the initial swing I would expect a slower and more sustained rise.

[boltz]

Maybe you fooled the AI to actually make a Bitcoin prediction but we all know AI predictions are based on accumulating the entire internet opinion about cryptos right now and then generating an answer so yea , I cannot trust AI prediction this time. Why ? well , simply because the resistance around 40k$ seems pretty big right now and whales are still in accumulation phase with no intention to actually push towards 40k$. Maybe I'm wrong , maybe I'm not , but my prediction looks way more viable than AI's.