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

[TravelMug]

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 thought you gonna say that AI has the advantage because it can get all the data and crunch it and then make a prediction based on that data, and it will be very easy for them. AI since the market is fairly young, and with all it's algo an speed, it can spew out data that some of us might tend to believed or at least the prediction is a perfect match on what we are actually seeing short term.

So I guess we can say that if we are skeptics then take it with a grain of salt.

And then rely our own our TA or charts and see what will it be this end of the year. Or better think that if the price is going on that direction, then we should take it as a sign to still accumulate as much as we can.

[alastantiger]

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 .

AI makes all sorts of predictions and I can tell you that most of the are very incorrect. How did AI get the data from the live market or from crawling the pages of those crypto influences who have already made these predictions? One thing about AIs of all sorts is that they are not future predictions, they do not have that predictive ability what they do have and do well is being able to present historical data accurately.

I want to see bitcoin's price hit $45k before the year ends, who doesn't that is why I am wishing at the back of my mind that EFTs are approved and more institutions  buy bitcoin and any other thing should happen that will take it up to $45k. Will this happen? No one can actually tell.

[Zanab247]

I will keep repeating that articles on Bitcoin.com News are often misleading or have inaccurate narratives.
Artificial intelligence predictions depend on the quality of the inputs and on the artificial intelligence algorithm used, but they are no better than technical analysis indicators, which measure price changes in specific periods or according to trading volumes. Therefore, $45k is a good prediction for Bitcoin prices, and only two resistance levels separate us from it, which They will probably be broken within the next 30 days. this prediction is possible.

On Github there are some codes for open source Bitcoin AI prediction services but I doubt it has reasonable accuracy.

Some of the articles prediction  has failed many hodlers some time to lead those hodlers to losses because, they are lazy to carry out their personal research to know how the future of the market will look like when the bull run occur. I know that the price of BTC will reach $40k before the end of december which, I know that my prediction will surely come to pass, but it will be difficult for the price to cross above $40k because the price will hit back $69k next year which is the target of many hodlers in the community.

I will never be addicted to articles prediction, and many hodlers believe articles prediction very well more than this platform, but if you can dedicate a good time with this platform to see some good prediction from the potential hodlers, it will help you to always get it right in your prediction.

[eightdots]

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.

Artificial intelligence helps people in many ways. We cannot ignore its benefits. It can do many things faster and in more detail, but when it comes to predictions, I don't think I can fully trust it. I can't say I don't trust it completely, but I can't say I trust it completely either. I might be skeptical about AI's predictions.

For me, as you say, I think it's better to stick to my personal prediction. Our choices determine our future and we invest for a better future and we watch the development of Bitcoin. I have no doubt that Bitcoin will reach high prices. I am not in a hurry about the time.

[EluguHcman]

The $45K December 31st 2023 prediction of the AI would had been reliable if it was able to give us clinch predictions of other months since the June. Then that of end of the year would had been believable so I am literally saying that it doesn't matter of multiple AI given same predictions about the values of Bitcoin because if the same instructions is given to millions of programs, of they would output the same results.
Bitcoin prediction is just all gambling and acceptable but doesn't have to be reliable.

[Wend]

According to your prediction, have we really entered the bull season while the halving is still very far away? The $45k goal for this month is really high for me. Bitcoin is up over 30% in the last 30 days and there has been no correction, so I think a correction will be needed in November or December before we conquer higher prices. I don't think we can reach $45k easily. Bitcoin is increasing in price amid the skepticism of many people, but don't be too subjective and unguarded.

I don't talk much about predictions neither do I drop any, but from the movement of Bitcoin price is how I picture things.
Fine, Bitcoin price can't reach $45k that easy like you said, I agree on that but it won't take long for it to happen. When we are seeing the price drastically approaching $38k is just a sign that it would be happening anytime soon but I think $39k would be the resistance.

$39k would be a good resistance but if you look very well $40k is a strong supply zone with fair value gap which is usually the price will go to. If you went down to $4h time frame, we can see that there is a clear break of structure, so it's very possible that the price will hit $40k before pullback occur, so the pullback is not starting yet. I can only say that the pullback will going to start if the price went down below $33k. Currently, buyers are in-control.

I have the same opinion as you, I don't think bitcoin can touch $45k without any correction. I also personally believe that bitcoin will rise in the $39k$-40k$ range and then a correction. We're not completely into bull season yet so there's no way bitcoin is going to hit $45k, then we want it to hit $55k or $69k. One thing that no one seems to notice is that in recent days of price increases, the number of tokens that FTX is holding is also being sold. I wonder if this price increase is for FTX to sell all its altcoins?

[taufik123]

-snip-
One thing that no one seems to notice is that in recent days of price increases, the number of tokens that FTX is holding is also being sold. I wonder if this price increase is for FTX to sell all its altcoins?

Perhaps the people behind FTX also contributed to the rise by trying to sell all their altcoins to pay off their debts.

FTX has filed a petition with the bankruptcy court in Delaware to sell certain trust assets, including those of crypto asset manager Grayscale Investments and custodian service provider Bitwise, valued at around $744 million.

Breakdown of Grayscale and Bitwise Trust assets.

Source: Kroll

But back again about the increase in Bitcoin this time, of course, because the crypto market trend is good and approaching Halving.
But it is possible that there will be some corrections that occur before Bitcoin reaches a new ATH.

[Russlenat]

The AI prediction seems quite conservative in my opinion. However, considering the current market movement, I find it reliable and possibly undervalued. Bitcoin could potentially reach as high as $50k this year, especially if the bullish market trend continues. AI predictions are based on real data, so with the overall bullish sentiment among many in the community, there's optimism for further accumulation and observing if the bullish trend will persist.

As for next year, does AI have a prediction on whether Bitcoin will break its all-time high before or after the halving?

[hyudien]

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 .

Whether AI predictions are accurate or not is still a big question mark, but we also cannot deny that we are currently heading towards Halving so that any possibility of quick improvements has the potential to be more supportive. AI has a spontaneous way of working based on sources on the Internet, but when compared with the predictions of most analyzes then I think what AI says makes sense. $45K at the end of the year is not too surprising, considering that the previous season's increase in the November – December 2020 period showed things that were not much different when in November 2020 Bitcoin started from $17K and at the end of December was able to penetrate the price of $34K. If the pattern is still the same, chances are Bitcoin price touching $45K by the end of December is still feasible.

[Oasisman]

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'm not an expert when it comes to AI stuff, but IMO, these AI predictions are a summary of a collective sources of prediction all over the internet, so that's the reason why they all have similar predictions. Nevertheless, I don't think AI could predict bitcoin or any other alts price better than human, because it is the people who controls the market sentiments. If there's something bad suddenly happens in crypto space that could affect the price almost immediately, then that's out of the AI's scope, but humans will have their predictions instantly after receiving the news.
Therefore, I don't rely on AI's prediction.

[Kelvinid]

The AI prediction seems quite conservative in my opinion. However, considering the current market movement, I find it reliable and possibly undervalued. Bitcoin could potentially reach as high as $50k this year, especially if the bullish market trend continues. AI predictions are based on real data, so with the overall bullish sentiment among many in the community, there's optimism for further accumulation and observing if the bullish trend will persist.

Well, AI has relied on the data that is stored but with just 1 month and a half left before this year-end, I don't think it was realistic, that is too far from happening. I don't think the current momentum will continue but moving in the sideways seems to happen. The accumulations may not that strong enough to carry the price high and bring huge demand. Maybe saying reaching $40k is very close to the possibility than of $50k. But still, nobody knows exactly, we just based on the data today and in the past years, but we are still uncertain of the incoming.

[Sexylizzy2813]

AI predictions again? We ain't done with humans predicting Bitcoin price and now AI? Well I never believed in predictions rather what the market is displaying and it can also help investors to make a wise decisions too.
Bitcoin price is $37k and nobody thought it would be at this level with the month still fresh, I believe before the end of this month of November we might be seeing Bitcoin price at $45k, while December would be giving us a surprise amount of $50k to $55k or even more because I see green written all over the remaining part of this year.

Others tries to believe that AI is more accurate than Human so they are betting in what AI is predicting that our common Human prediction , though it is almost the same as Humans that we might Hit 42-48k$ before December Melts down yet they wanted to listen to what AI says so let them be and we strict to what we are trying to believe and listen .

Is not like I'm forcing anyone, everybody has what he or she believes would grant them profit, if you see a way that would hustle up profit into your wallet would you throw it away? No you won't.
But all I'm trying to say is that getting ready for what the market is giving is better than what AI is giving, if you check properly you find out that the AI isn't 100% correct neither is human prediction and they might give you a figure that before end of November the price of Bitcoin will clock $45k but it won't instead it will go down to a figure we haven't seen in a long while.
Before end of this month with how the price is going, how do you see Bitcoin price in the coming days before we finally kiss November goodbye?

[FinneysTrueVision]

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.

[dansus021]

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.

Well, I had the same thought about how AI predicts the price of bitcoin. I mean what data do they take to give the prediction?

because the market is full of surprises there is a lot of consideration from the side of fundamental and analytical. But is 45K achive in December I would say yes but with current situation I would give the market would be around 40K level

[Out of mind]

The year 2023 is only a few days away, and then we will see the arrival of the new year. We can see that currently the Bitcoin market has gained a good amount between the months of November, and today we see the Bitcoin market around $38,000. Accordingly, we can say with certainty that by the end of 2023, the Bitcoin market will reach $45,000. We have seen many early predictions which have been very accurate, and accordingly we can trust this prediction with certainty. The Bitcoin market is currently bullish and may see further growth in 2024 towards the end of the year. The reason the Bitcoin market is currently bullish is that we have a halberd ahead of us, which is probably why the Bitcoin market is bullish.

[AprilioMP]

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 .

Up and down the Bitcoin price graph, for me I can consider the predictions produced by this AI to be reasonable to accept and can be a consideration for those who think the current big rally is too excessive, as stated by one of the financial companies from America, JP Morgan.
45,000 Dollar (USD) Bitcoin price at the end of 2023 predicted by several AI chatbots is still inaccurate because most do not know how to produce these estimates, but in my opinion the predictions given are in accordance with the increase that has occurred.

Regarding Bitcoin price predictions, I only believe in the real situation because in providing price predictions, I and others can also make them even though they are not for other people to believe in.

[Questat]

I think we don't have a problem with AI in making predictions but it was for the one who made it. But it was just a prediction and we know that it only be wrong. I believe that all AI have different answers if we ask them every day and that is probably because of its program inside. Therefore, there is no reason why make it famous, human predictions are still reliable. Perhaps we can ask market experts and surely, they also have different market opinions from AI.

AI can never predict the future, it is only based on reading data. Instead of having to depend on AI, it's better to learn how to maximize our own trading knowledge. With strong technical and fundamental analysis skills, we can make predictions independently without the help of AI. we will be more confident and certainly not only depend on AI. Many beginners use AI, but ultimately they have to know how to trade manually.

That is the thing we are supposed to do but we can't stop some people from becoming reliant on AI believing that this could give an exact figure of the market until they figured out that they were wrong. As we can see, there is too much expectation of this AI, many have thought that this technology leads them to better investment results. But this is just for the people who have no knowledge and less market experience while old-timers have been reliant on themselves and we are better from this technology.

[LFC_Bitcoin]

$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.

[bitterguy28]

AI predictions again? We ain't done with humans predicting Bitcoin price and now AI? Well I never believed in predictions rather what the market is displaying and it can also help investors to make a wise decisions too.
Bitcoin price is $37k and nobody thought it would be at this level with the month still fresh, I believe before the end of this month of November we might be seeing Bitcoin price at $45k, while December would be giving us a surprise amount of $50k to $55k or even more because I see green written all over the remaining part of this year.

Others tries to believe that AI is more accurate than Human so they are betting in what AI is predicting that our common Human prediction , though it is almost the same as Humans that we might Hit 42-48k$ before December Melts down yet they wanted to listen to what AI says so let them be and we strict to what we are trying to believe and listen .

Is not like I'm forcing anyone, everybody has what he or she believes would grant them profit, if you see a way that would hustle up profit into your wallet would you throw it away? No you won't.
But all I'm trying to say is that getting ready for what the market is giving is better than what AI is giving, if you check properly you find out that the AI isn't 100% correct neither is human prediction and they might give you a figure that before end of November the price of Bitcoin will clock $45k but it won't instead it will go down to a figure we haven't seen in a long while.
Before end of this month with how the price is going, how do you see Bitcoin price in the coming days before we finally kiss November goodbye?

You have misquoted me mate because as far as I understand we  are  in the same team here lol  though I am not a hater of AI yet I still do believe that we are as investors and capitalist needs to find what is better for our money and yes everything that can generate me income is already in my priority , either from AI or anywhere else .
And also I am  a Holder but also a short termer , meaning some of my Holdings can be converted into stable coin if the price reached 45k and will re invested in bitcoin once it falls down again , so either November or December or even before Halving , i don't really care because i have already positioned my folio for the bullrun , was just having other option if ever there is a chance to increase my funds.

[Silberman]

That is the thing we are supposed to do but we can't stop some people from becoming reliant on AI believing that this could give an exact figure of the market until they figured out that they were wrong. As we can see, there is too much expectation of this AI, many have thought that this technology leads them to better investment results. But this is just for the people who have no knowledge and less market experience while old-timers have been reliant on themselves and we are better from this technology.

What is interesting to me is how did they arrive at that conclusion? Chatbots are just that, a bot that imitates a human and that it can keep a conversation that resembles what you will experience with another person, but this is not really software which is specialized on making predictions about the market of cryptocurrencies and the economy in general, so in a way it is just repeating what it has learn over the internet about the predictions other people are making, and it has not created that prediction out of a mathematical model that it could allow it to accurately generate its own predictions, and that makes me think those predictions are useless.