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ChatGPT, the viral AI-powered chatbot created by OpenAI, has recently been making waves in the crypto market due to its objective analysis of trending tokens.

In a recent exchange, ChatGPT offered its forecast for where Bitcoins price could head by the end of 2023, providing some much-needed insight for investors.

The AI model also provided a price prediction for the new Bitcoin BSC (BTCBSC) project, which has surpassed the $3m milestone in its ongoing presale phase.

After a rough couple of months for the broader crypto market, Bitcoin appears to have found a bottom at the $25,000 level.

Bitcoin fell below $30,000 in mid-July, but strong buying interest has resumed around the nearby support zone.

This interest has allowed Bitcoin to rebound above $26,000 over the past week, with daily trading volume rising by 87%.

Bitcoins bounce comes amid an uptick in momentum throughout the entire crypto market, leading the Crypto Fear & Greed Index to rise to 46 a significant increase from its value last month.

However, theres still a high degree of investor uncertainty as the SEC considers the approval of several spot BTC ETF applications.

Asset managers like BlackRock have filed for spot BTC ETFs, which could open the floodgates to billions in institutional capital if accepted.

Ultimately, while still in a longer-term downtrend, theres now cautious optimism among BTC investors for the first time in several weeks.

When asked for its outlook on Bitcoins price by the end of 2023, ChatGPT highlighted several bullish factors that could push BTC higher.

The AI model noted that Bitcoins recent rebound from $25,000 and the prospect of the SEC approving spot BTC ETFs suggest upside potential in the coming months.

Due to this, ChatGPT gave an optimistic prediction of $30,000 to $40,000 for Bitcoin by the end of December.

ChatGPT stated that if the ETF filings are accepted, triggering substantial institutional investment, Bitcoin could even surge well above $40,000.

However, ChatGPT did note that its prediction was based on the assumption that favorable market conditions will continue over the next few months.

Nonetheless, this optimistic forecast will be music to the ears of BTC holders, who have seen the coins price dwindle since Julys intra-year high.

Interestingly, its not just Bitcoin that ChatGPT has shown optimism about.

The AI model has also highlighted the new cryptocurrency, Bitcoin BSC, as a token that could rise significantly before the end of the year.

Bitcoin BSC (BTCBSC) is a BEP-20 token hosted on the Binance Smart Chain that aims to simulate Bitcoins early days while offering passive income opportunities for token holders.

Currently, BTCBSC tokens are available to buy through a limited-time presale, priced at just $0.99 the same price that Bitcoin was back in 2011.

By using this low price point, Bitcoin BSCs team seeks to provide an opportunity for speculative investors to acquire a Bitcoin-style asset at a fraction of the cost in the hope of reliving the colossal price rise that BTC experienced previously.

Aside from speculative potential, BTCBSC also incorporates a high-yield staking protocol whereby investors can pledge their tokens and earn yields of 172% per year.

Moreover, since Bitcoin BSC relies on Proof-of-Stake (PoS) rather than energy-intensive mining, it aligns with the growing trend toward greener crypto solutions.

The projects presale has now raised over $3 million and is trending toward hitting its soft cap goal in the coming days.

Due to the strong hype and momentum around BTCBSC, ChatGPT has speculated that the token could see significant gains once it makes its DEX debut.

Ultimately, ChatGPT suggested that BTCBSC could potentially trade between $2 and $10 post-listing meaning early backers would see a 10x return if the price reaches the higher end of this range.

Although entirely hypothetical, this optimistic ChatGPT forecast further solidifies Bitcoin BSCs potential in the eyes of many investors.

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ChatGPT Has Given This Surprising Bitcoin Price Prediction for 2023 - Finbold - Finance in Bold