After a promising start to October, bitcoin’s price has plunged hard in the following weeks, dropping by roughly 30% to dip below $90,000 yesterday.
Some analysts believe this marks the start of a bear market, so we decided to check whether two of the most popular AI-powered chatbots share this view.
Not Fully Confirmed
According to ChatGPT, strong signs are pointing in that direction, but it is too early to claim that BTC’s bull run is over. While the chatbot noted the double-digit price plunge over the past week, it said this does not guarantee a sustained bear market, as it can sometimes be just a temporary correction.
“Bear markets typically involve sustained declines over months or even years, along with broad investor capitulation – we may only be in the early phase,” it added.
ChatGPT also revealed other concerning factors, including weak institutional demand, outflows from spot BTC ETFs, and heightened investor panic. The Fear and Greed Index recently dropped to 10,
We współpracy z: https://cryptopotato.com/we-asked-2-ais-if-bitcoins-bear-market-has-officially-started/
