AI predicts Bitcoin could rise to $150,000 by year-end?
Deepseek, this AI, recently made a bold prediction, stating that Bitcoin is expected to surge to $150,000 by the end of the year. It sounds quite crazy, especially since the market has just experienced a massive crash.
On October 10th, Trump announced a 100% tariff on Chinese goods, and the market collapsed immediately. Over $19 billion in leveraged positions were liquidated, and a total market value evaporated by $450 billion in a single day. Bitcoin fell from $121,000 to $109,000 in two days, a drop of 10%. Later, although it rebounded to $115,000, it again fell below $105,000.
In this situation, Deepseek still believes Bitcoin is on the verge of a breakout. Analysts at TD Cowen see it similarly, believing Bitcoin's demonstrated resilience supports it reaching $141,000 in December.
The Japanese Financial Services Agency is considering allowing banks to offer cryptocurrency services, which could bring nearly 8 million new accounts to the market, seen as a positive signal. Bloomberg strategist Mike McGlone has also noted Bitcoin's resilience, believing that this consolidation may help prevent a chain reaction during future stock market declines.
