Bitcoin (BTC) is likely to trade around $130,000 at the start of August, according to insights from two artificial intelligence (AI) models, driven by sustained institutional demand and supportive macroeconomic conditions.
As of press time, Bitcoin was trading at $119,166, up over 2% in the past 24 hours and nearly 10% over the past week. After climbing to a record high above $123,000, the cryptocurrency slightly pulled back but is now pushing toward the $120,000 resistance level.
ChatGPT predicts Bitcoin price
For the outlook, both OpenAI’s ChatGPT and Grok agree the market remains firmly bullish, supported by strong inflows into spot Bitcoin ETFs, growing adoption in emerging markets, and easing global inflation.
ChatGPT projects Bitcoin will reach $130,000 by August 1, citing steady, though slowing, upward momentum as the bull market matures.
The model sees Bitcoin trading in a range of $125,000 to $135,000 through late summer, with potential upside if ETF demand accelerates or new sovereign buyers emerge, and downside risk from regulatory shocks or typical bull-market corrections.
Grok predicts Bitcoin price
On the other hand, Grok is slightly more optimistic, forecasting a central estimate of $135,000 and a trading range of $125,000 to $145,000 over the same period.
The model highlighted bullish technical signals, such as a strong MACD and elevated relative strength index (RSI), while cautioning about potential short-term pullbacks as traders take profits.
Both models stress that their forecasts are speculative, given Bitcoin’s notorious volatility and susceptibility to external shocks.
However, they agree that the current stage of the market cycle, roughly 12 to 18 months after the April 2024 halving, still favors higher prices into late 2025.
Meanwhile, market sentiment around Bitcoin remains strong, with the Fear & Greed Index at 70, indicating “Greed.” The price continues to hold above the 50-day ($107,744) and 200-day ($88,894) simple moving averages, confirming the uptrend.
However, the 14-day RSI at 68 suggests the asset is nearing overbought territory, while volatility remains moderate at 4.44%.
Featured image via Shutterstock
