Bitcoin (BTC) continues to consolidate in a tight trading range between $94,000 and $100,000, trying to establish a direction amid ongoing market uncertainty.
BTC is currently trading at $95,300 with a daily drawdown of 1,8%. The reason is that last week US spot bitcoin ETF recorded a net outflow of $430 million, indicating a decline in institutional demand and putting price pressure on BTC.
In this regard, an AI-based forecasting tool was tasked with predicting the price of Bitcoin by March 1, 2025. Taking into account technical indicators and market data, the AI sees an average price of BTC of $96,256.
Bitcoin Price Prediction by Artificial Intelligence.
Other AI models disagree on the future value of Bitcoin. The most optimistic forecast, created by Claude 3.5 Sonnet, predicts a rise of more than 10%, which would mean Bitcoin testing $106,800 in the coming weeks.
GPT-4o Mini, on the other hand, presented a bearish scenario, predicting an 18% drop to $80,000, which could be caused by negative macroeconomic events or increased selling pressure.
According to technical analysis, BTC currently has resistance at $106,800 and support around $91,700.
Bitcoin Price Analysis. Source: CrypNuevo/X
BTC is trying to reclaim the $99,048 mid-level, which coincides with the 50-day exponential moving average (EMA), a key resistance zone that has already rejected several breakout attempts.
A break of this level, according to the CrypNuevo analyst, would confirm the bullish trend. At the same time, a break below $91 would strengthen the bearish forecast, increasing the chances of a potential fall to $764 and below.
