ChatGPT Predicts Shiba Inu’s Moonshot: A Quest for a New ATH

The post ChatGPT Predicts Shiba Inu’s Moonshot: A Quest for a New ATH appeared first on Coinpedia Fintech News

As the Bitcoin price dips to $60,760 before rising to $63,000, the bearish week prolongs the crash in altcoins. With the market cap of meme coins badly hurt during this sell-off, Shiba Inu takes a critical hit and drops for the second consecutive week.

The creation of this second red candle in the weekly chart of the SHIB price trend questions the possibility of a bull run. Further, the doubt for a new all-time high arises despite the potential altcoin season coming with the Bitcoin Halving next month.

So,let’s have a closer look at the Shiba Inu price analysis and the ChatGPT price prediction.

Retest Phase in Motion

This week, the SHIB price fell sharply by 14.68%, forming a prominent bearish candle in the weekly chart. The downfall extended the corrections to 23% and retested the $0.000020 breakout. 

TradingView

In the larger price trend, the ongoing correction comes as the retest and projects a potential turnaround in the coming weeks. Further, a lower price rejection this week, if demand surges at $0.000020, could provide the BUY signal to sideline traders.

Considering the buyers polarize the downfall to a post-retest reversal, the uptrend in SHIB could surpass the $0.000054 mark. In such a case, as per the Fibonacci levels, Shiba Inu’s price could hit the 100% Fib level at $0.00006697.

We asked ChatGPT to predict the BTC price post-halving for a longer-term perspective. The AI predicted this. 

Shiba Inu Price Prediction By ChatGPT 

Analyzing the Fibonacci levels before optimistic speculations, the ChatGPT targets the 1.618 Fib level at $0.0014441. Further, the $0.00021 mark could be the next potential target. 

After the Fib levels, ChatGPT’s SHIB price prediction takes an ultra-bullish route. Using the above analysis and the power of AI estimation, the GPT predicts Bitcoin easily approaching the $0.00030 or $0.00050 mark.