Bitcoin Price to Rebound to $74k by End of Q3: AI Model
Bitcoin's price performance ahead of the U.S. Federal Reserve's interest rate decision on July 29 has been uncertain, but AI model ChatGPT is predicting a potential rebound by the end of Q3.
The OpenAI chatbot forecasts that Bitcoin will regain some footing in the $68,000-$78,000 range by the end of the quarter, citing improving market conditions and technical indicators.
However, ChatGPT also acknowledges several downside risks, including a historically weak performance during August and September due to uncertainty surrounding global monetary policy. The AI model estimates a 30% chance that Bitcoin finishes below $60,000 and a 25% chance of a substantial rally to between $85,000-$100,000.
When asked to narrow down its base-case prediction, ChatGPT sets the Bitcoin price target for Q3 2026 at $74,000, assuming a measured advance rather than an explosive bull market.