Meta AI Sees Bitcoin Soaring to $78K to $85K Within 60 Days
The Meta AI model has made a Bitcoin price prediction, suggesting that it will reach $78K to $85K within 60 days. This estimate is based on several factors, including the Federal Reserve's upcoming meeting and the potential passage of the CLARITY Act.
According to the Meta AI model, four key factors contribute to this bullish scenario: a liquidity turn in September, the Fed holding rates steady at its July 28-29 meeting, the imminent passage of the CLARITY Act, and ETF demand flipping in real-time. The CLARITY Act, which would move Bitcoin from SEC limbo into CFTC commodity status, has cleared an ethics hurdle with a White House compromise and is pushing for a floor vote before the August 7 recess deadline.
The Meta AI model also points to institutional buying as a driving force behind this price prediction. After $465M in outflows last week, the prior week saw $999M across seven sessions, and a $1.2B week reclaimed $65K due to pure institutional buying. Long-term holder selling is at its lowest since Q3 2022, while price holds above the key 200-week SMA at $63.5K.
However, the Meta AI model also acknowledges a bear risk, treating it as slight but real. August is historically Bitcoin's worst month, with a median return of negative 7.5%, and September carries a median of negative 5.3%. If CLARITY misses the recess window and the Fed stays hawkish, the model expects a shakeout down to $60K to $58K support before any leg up resumes.