AIs Predict When Bitcoin’s Bear Market Could End

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"Right now, we are in the confusion phase," 

Bitcoin (BTC) has been in an evident downtrend over the past few months, which intensified at the start of February. This caused analysts and market observers to claim that the asset has entered a bear market.

Investors are now perhaps curious to find out when that period will be over, so we consulted four of the most popular AI-powered chatbots to give their take on the matter.

Brace for Several More Months
According to ChatGPT, BTC is likely in the middle-to-late stage of the bear phase rather than the beginning. However, it suggested that there is a strong possibility for a final shakeout before entering a slow accumulation stage.

The chatbot pointed out that in previous cases, Bitcoin’s bear market has rarely ended dramatically, and its conclusion looked “quiet and uninteresting.”

“Right now, we are in the confusion phase – which historically is closer to the end than the beginning,”

Perplexity predicted that the bear phase could end in the second quarter of the year, assuming that the negative sentiment among investors lately has marked the bottom zone. Earlier this month, the popular Fear & Greed Index plummeted to “Extreme Fear” territory of 6, a level last observed in August 2019.


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