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Blockchain analytics platform Spot On Chain has created several different scenarios using artificial intelligence for Bitcoin price.
The Spot On Chain team developed several models through Google Cloud Vertex AI using historical data on Bitcoin halving, interest rate cycles, ETF performances, and selling pressure of Bitcoin miners.
"We expect the BTC price to remain between $56,000 and $70,000 in May, June and July, and we have a 48% chance that the price will fall below $60,000," the statement said. #HotTopicDiscussion#