- Bitcoin continues to grow, having managed to restore the bullish momentum.
- According to Claude AI analysis, the easing of tensions between the US and Iran has become a catalyst for Bitcoin’s recovery.
- The probability that Bitcoin will reach $90,000, $100,000 and $120,000, varies.
While Bitcoin is trading above $81,000, the Claude neural network believes that the coin has the potential to grow to $120,000 if certain conditions are met.
To begin, the chatbot highlighted several factors that influenced the recent rise in the cryptocurrency’s price, including Donald Trump’s announcement that the United States had responded to Iran’s 14-point peace proposal and would begin escorting commercial vessels in the Strait of Hormuz.
Claude also noted that the influx of funds into Bitcoin-funds at the end of April became a positive factor for the asset’s current growth, along with a technical recovery of key price levels, which strengthened bullish sentiment among traders. Other catalysts include progress in passing the CLARITY Act in the US, as well as a possible reduction in interest rates.
Given all these conditions, the probability of Bitcoin rising to $90,000 in the current cycle is 65% to 70%. The probability of BTC reaching $100,000 in the near future is 45% to 55%. The neural network estimates the chances of the coin reaching $120,000 at 25%-35%.
Interestingly, various analysts also adhere to the bullish scenario. Not long ago, the head of an investment company ARK Invest Cathie Wood predictedthat by 2030 the price of Bitcoin could rise to $300,000-$1,5 million.
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