Summary
⚈ AI models forecast BTC holding six-figure level through early June.
⚈ Price is consolidating between $102K–$104.8K, with breakout likely approaching.
Bitcoin (BTC) has reclaimed the $100,000 mark, with attention now focused on whether the leading cryptocurrency could sustain this rally after an extended consolidation period.
Looking ahead, two artificial intelligence (AI) tools forecast that Bitcoin will likely maintain its six-figure support level heading into June. This outlook is based on historical price patterns, current macroeconomic conditions, and prevailing market sentiment.
As of press time, Bitcoin was trading at $103,754, up 0.5% in the past 24 hours and over 8% for the week.
AI predicts Bitcoin’s price
For price predictions, OpenAI’s ChatGPT remains broadly bullish on Bitcoin’s prospects for June 1. The AI model projects a potential trading range between $108,000 and $118,000, assuming the current uptrend continues.
Key bullish factors include Bitcoin’s breakout above the psychologically significant $100,000 level, increasing whale accumulation, consistent inflows into spot ETFs, and the post-halving effect.
ChatGPT also flagged $95,000 as a crucial support level. A dip below this threshold could indicate a short-term correction, but may offer an attractive entry point for long-term investors.
Meanwhile, xAI’s Grok presented a more conservative yet optimistic forecast. The model expects Bitcoin to trade between $98,000 and $115,000, with a median target around $106,500.
Grok’s outlook considers Bitcoin’s historical performance following halving events and ongoing institutional interest, while also cautioning against potential overbought conditions.
Despite differences in projected ranges, both AI tools agree that the recent move above $100,000 appears sustainable, provided there are no significant macroeconomic disruptions or unexpected regulatory headwinds.
Bitcoin technical outlook
Trading expert RLinda also highlighted that Bitcoin is now at a pivotal point following its recent surge above the $100,000 mark.
In an analysis shared on X on May 9, she noted that BTC has entered a consolidation phase, a temporary pause in momentum during which the price moves within a tight range, often signaling that the market is preparing for its next major move. However, the direction of that move remains uncertain.
Bitcoin is trading within a horizontal channel between approximately $102,000 and $104,800, a textbook example of market consolidation.
A decisive breakout above the $104,800 resistance could reignite bullish momentum, with price targets in the $106,800 to $107,000 zone.
Conversely, a breakdown below the $102,000 support could trigger a short-term correction, potentially pushing BTC toward the $99,000 level. Such a move would suggest the recent rally may be losing steam, at least for now.
Featured image via Shutterstock
