The rise of artificial intelligence is being used in many fields. Google Bard, an artificial intelligence product that draws attention with its predictions about the future of crypto currencies, recently predicted the price of Bitcoin! Here are the details…

Artificial intelligence bot Google Bard said 2024 for Bitcoin!

Shortly after OpenAI launched its text-based artificial intelligence (AI) tool ChatGPT, the technology began to gain renewed attention, most notably Google's Bard, which has proven its worth in cryptocurrency market analysis, including Bitcoin (BTC). It has led to the rise of other prolific AI bots such as. Following the artificial intelligence products that attracted the attention of many people and while the Bitcoin price continued to move sideways after losing the $ 30,000 level, experts searched for their opinions about the future of the leading crypto Bitcoin after the Bard halving in 2024 as of July 25. Artificial intelligence bot Bard gave a detailed response on the subject, emphasizing that "there are a number of factors that suggest the price may reach new peaks"; these include the upcoming halving event, greater global adoption of Bitcoin, and favorable regulatory frameworks around the world.

On the other hand, Bard listed factors that could hinder Bitcoin's post-halving gains, specifically the possibility of a bear market after the halving and the rise of rival crypto assets that could pose a threat to its dominance. In terms of specific numbers, Bard listed Bitcoin price predictions from several different sources, including crypto analyst PlanB's stock-to-flow (S2F) model, which pegs the price of the first cryptocurrency at $100,000 by 2024. Moreover, the second forecast by multinational British bank Standard Chartered predicts that Bitcoin will reach $120,000 by 2024, while India's oldest cryptocurrency exchange ZebPay is on the rise, setting the price of the largest cryptocurrency by market capitalization at $40,000 by 2024. not.

Price analysis for BTC

At the moment, Bitcoin is changing hands at a price of $29,125, which represents a 2.33% decline in the last 24 hours, a 2.97% loss in the previous seven days, and a 5.20% decline on its monthly chart based on the latest information .

Currently, Bitcoin sees the strongest support at $27,583, while its resistance lies at $31,010. Whether it can actually hit one of the price thresholds projected above will depend on the various factors listed playing together.

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