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Bitcoin’s journey to potentially reaching $100,000 has resurfaced in discussions as it grapples with breaking the $70,000 resistance. According to AI-driven analyses, Bitcoin could achieve this milestone by mid-2025, though the outcome will hinge on macroeconomic conditions and the upcoming U.S. elections. Technical analysts suggest Bitcoin is moving between key support and resistance levels, signaling a strong long-term uptrend. 
<a href="https://www.qubetics.com/?utm_source=TNYR&amp;utm_medium=postBANNER" target="_blank" rel="noopener nofollow"><img loading="lazy" decoding="async" class="size-full wp-image-24541 aligncenter" src="https://www.turkishnyradio.com/wp-content/uploads/2024/10/Qubetics-is-728x90-1-1.jpg" alt="Qubetics is 728x90 1 1" width="728" height="90" title="AI Predicts Bitcoin Could Hit $100,000: Here’s When 40"></a> 
<h2 id="ai-projects-a-timeline-for-bitcoin-s-100k-target">AI Projects a Timeline for Bitcoin’s $100K Target</h2> 
In a recent study by Finbold, OpenAI’s ChatGPT-4 was used to forecast when Bitcoin might reach $100,000. The AI model pointed to several influential factors, including the 2024 halving, institutional investments, interest rates, and inflation. ChatGPT-4 predicts that in a favorable economic environment, Bitcoin could achieve the $100,000 mark by mid-2025—a roughly 40% increase from current levels.<img loading="lazy" decoding="async" class="size-full wp-image-27154 aligncenter" src="https://www.turkishnyradio.com/wp-content/uploads/2024/11/chart10.jpeg" alt="chart10" width="1618" height="1200" title="AI Predicts Bitcoin Could Hit $100,000: Here’s When 41" srcset="https://www.turkishnyradio.com/wp-content/uploads/2024/11/chart10.jpeg 1618w, https://www.turkishnyradio.com/wp-content/uploads/2024/11/chart10-768x570.jpeg 768w, https://www.turkishnyradio.com/wp-content/uploads/2024/11/chart10-1536x1139.jpeg 1536w" sizes="(max-width: 1618px) 100vw, 1618px"> 
<h2 id="impact-of-u-s-elections-on-bitcoin-s-price">Impact of U.S. Elections on Bitcoin’s Price</h2> 
The U.S. presidential election may also influence BTC’s price dynamics. Republican candidate Donald Trump has proposed treating Bitcoin as a strategic reserve, which could drive up demand. Historically, election years have generally created positive momentum for Bitcoin, though pre-election dips have been observed. Crypto analyst Ash Crypto noted that before the 2016 election, BTC saw a 10.2% decline, while in 2020, it dipped by 6.1%. Currently, a 6.3% pullback has been noted ahead of the 2024 election. 
<img loading="lazy" decoding="async" class="size-medium wp-image-27152 aligncenter" src="https://www.turkishnyradio.com/wp-content/uploads/2024/11/unnamed-1.png" alt="unnamed 1" width="612" height="1200" title="AI Predicts Bitcoin Could Hit $100,000: Here’s When 42"> 
<h2 id="technical-analysis-and-key-resistance-levels">Technical Analysis and Key Resistance Levels</h2> 
On the technical front, some experts believe Bitcoin could surpass $100,000 in 2024 and beyond. Analyst CryptosRus highlighted that Bitcoin is testing a critical inverse head-and-shoulders pattern, which, if successfully completed, could lead to even higher levels like $200,000 in the long term. For this bullish trend to unfold, Bitcoin must break and hold above the $70,000 resistance. The current support sits at $68,500, a critical level as BTC continues to battle the $70,000 threshold. 
Bitcoin’s path forward will depend on macroeconomic <a href="https://www.turkishnyradio.com/safe-listed-on-upbit-surges-by-88-defying-market-trends/" target="_blank" rel="noopener">trends</a>, technical levels, and the outcome of the U.S. elections. Investors are closely monitoring BTC’s performance in this pivotal period.

AI Predicts Bitcoin Could Hit $100,000: Here’s When

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