Bitcoin (BTC) experienced a steep decline this month, with its price briefly dipping below $90,000 on a couple of occasions, marking the lowest point since April.
Over the past 12 hours, though, the bulls managed to reclaim some lost ground. The current question is whether the asset can surpass $100,000 again this month or if this is only a "dead cat bounce." To gain a clearer perspective, four of the most popular AI chatbots were consulted for their insights.
AI Chatbot Predictions on Bitcoin's Rebound
According to ChatGPT, a rebound above $100,000 would be significant but not unusual given Bitcoin's historical volatility. The chatbot noted that the primary cryptocurrency has historically recovered with increases of 10-20% mere days after sharp corrections and liquidations.
ChatGPT pointed out that long-term holders appear unfazed by the recent crash and suggested that a dovish tone from the Federal Reserve, indicating further rate cuts, could boost the asset.
“Once BTC approaches $95-$97K again, FOMO can reignite aggressively and push the price towards the six-figure mark,” it added.
Furthermore, ChatGPT highlighted that November is historically one of Bitcoin's strongest months. However, it also cautioned that the performance in November following a halving year presents a different picture.
The last two halvings occurred in 2020 and 2024. In November 2021, BTC saw a decline of approximately 7%, and since the beginning of the current month, its valuation is down by over 16%.
Grok estimated the probability of Bitcoin rising above $100K before the start of December at around 40-50%. Similar to ChatGPT, Grok emphasized that the US central bank's approach to interest rates will be of utmost importance for the recovery of the entire crypto market.
“If you’re long-term bullish, dips like this are gifts – stack sats, hedge with options, and watch $90K as the ultimate support,” it stated.
Further Optimistic Outlooks from AI
Perplexity expressed that a rise beyond $100,000 as early as this month is likely, aligning with the bullish expectations of some digital asset proponents. It warned that volatility might increase on the path toward this goal and predicted a further rise to $120,000 in December.
Google's Gemini suggested that a rise above the $100,000 milestone is possible once BTC clears the $95,000 support zone. Gemini also commented on the recent decline in interest in spot Bitcoin ETFs, indicating that the return of institutional investors would be beneficial for a potential renewed rally.