Bitcoin continues to rise, reaching around $28,000 🚀. This comes as millions of dollars in short positions are being liquidated and trading volume is increasing. With market sentiment improving, we decided to ask ChatGPT AI how high Bitcoin could rise during the next bull market 🐂.

The first step is to understand when a bull market will begin. ChatGPT points to factors such as adoption and usage rates, institutional investment, regulation, macroeconomic factors, and technological developments. An important point is the upcoming Bitcoin halving event, which is expected to take place at the end of the 1st or beginning of the 2nd quarter of 2024.

ChatGPT talks about several factors that will determine the price of Bitcoin during the next bull market. One of them is the participation of institutional investors. Increasing their presence can lead to increased demand and higher prices. At the same time, the decision to create a Bitcoin ETF is still being delayed, which could also affect its value.

Among the most interesting predictions for the future price of Bitcoin are: $148K from Pantera Capital, $100K by March 2024 from Adam Back, $120K in 2024 from Robert Kiyosaki and $100K by 2024 from Standard Chartered.