Artificial Intelligence Predicts Price for Bitcoin: What's in Store for Investors?

The cryptocurrency market is experiencing a severe downturn today. In particular, the fall of #Bitcoin (BTC) below the critical support level of $40,000 created an atmosphere of anxiety in the market.

#Bitcoin. The approval of its ETFs was expected to add to the bullish sentiment in the market. However, the fact that this expectation was not reciprocated and did not react significantly to bullish sentiments seems to have fueled the bearish sentiment in the market.
The AI's analysis suggested several possibilities, with bearish and bullish factors influencing Bitcoin's next move.
Bitcoin Price Prediction by Google Bard
According to AI, factors such as ongoing inflation, rising interest rates, and increased regulations can reduce investor confidence. This could lead to further declines. In addition, artificial intelligence #Ethereum the interest of investors. He claims that if it turns to a (ETH), Bitcoin may also be affected.

Accordingly, the AI tool stated that the combination of these factors could potentially push Bitcoin to the mid-$30,000 mark or even lower.
On the other hand, artificial intelligence explained the potential catalysts that will enable the recovery of BTC. Bitcoin's halving in April could trigger a surge in demand and a price recovery. In addition, increased corporate adoption and positive news developments could revive a bull run. That could potentially push Bitcoin towards its all-time high, possibly $68,000.
Meanwhile, Bard highlighted the potential influence of both bulls and bears fighting for control of BTC. The AI predicted a neutral price swing in the $35,000-$45,000 range for most of the year in this scenario.

It's worth noting that a section of the market claims that Bitcoin could be susceptible to further declines after losing the $40,000 support. At the same time, this decline appears to be in line with reports showing that whales have accelerated their exit from Bitcoin over the past two weeks, dumping almost $3 billion worth of BTC.

Due to the inability of ETFs to act as significant catalysts in the short term, attention has turned to the halving event, which is historically considered a significant bullish catalyst.
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