Bitcoin has made an impressive comeback over the past few days, stabilizing above the $80,000 resistance, which has turned into strong support. The cryptocurrency traded at $82,509 amid signs of further appreciation, according to TradingView data.
With the return of bullish momentum, $BTCSo, we asked Claude AI to identify the catalysts behind the digital asset’s recent price surge and predict the likelihood of Bitcoin rising to $90,000, $100,000, and $120,000 during the current bull market.
What’s behind the rise of Bitcoin?
First, Claude cited multiple factors behind Bitcoin’s recent rise, including the easing of tensions in the US-Iran war following US President Donald Trump’s announcement that the US would begin escorting commercial ships through the Strait of Hormuz in response to Iran’s 14-point peace proposal.
Claude further noted that ETF inflows, which turned positive in late April, contributed to Bitcoin’s recent rally, along with a technical recovery in key price levels, increasing bullish sentiment among traders. Furthermore, for the first time since the Bitcoin halving in 2024, a post-Bitcoin halving squeeze has been triggered. $BTC Supply affects price.
Other drivers Claude identified include regulatory developments around the US Clarity Act, which aims to create a framework to regulate digital assets, and expectations for macro-financial easing. Claude pointed out that lower interest rates are playing an important role in pushing up Bitcoin prices.
Is it possible that Bitcoin will skyrocket?
Claude considers Bitcoin’s price target and believes there is a moderate to high chance of Bitcoin reaching $90,000 during current trading. The AI solution puts the probability of this happening between 65% and 70%. A technical review of Bitcoin’s daily chart revealed the following: $BTC If it closes cleanly above $82,000, it could head towards the $92,000 to $98,000 price range.
According to Claude, there is a reasonable chance that Bitcoin will skyrocket to $100,000 in the near future. Claude noted that the chance of this happening is between 45% and 55%, and the AI chatbot requires multiple tailwinds to align. $BTC To get the $100,000 landmark back. Some of the indicators Claude cited include meaningful regulatory progress, interest rate cuts, and a return to institutional momentum.
On the other hand, Claude believes that there is a limited chance that Bitcoin will rise to $120,000 this quarter, with the probability pegged at between 25% and 35%. This AI solution is based on a prediction based on the fact that the rebound from Bitcoin’s all-time highs is not structural and appears to be correcting, with the institutional position intact. According to Claude, revisiting the $120,000 mark in this run will require a strong combination of ETF inflows, regulatory clarity, and increased macro liquidity.
Related: Bitcoin soars above $81,000 as ETF inflows sustain and altcoins begin to recover
