Bitcoin ( BTC ) remains in a consolidation phase, and breaching the $85,000 resistance has emerged as a key target for investors. Amid this market sentiment, two artificial intelligence (AI) models are projecting that the maiden digital currency is likely to edge higher on May 1 and possibly trade slightly above the $90,000 mark. Overall, insights from OpenAI’s ChatGPT and xAI’s Grok present a cautiously optimistic outlook for Bitcoin. AI predicts Bitcoin price ChatGPT predicted that Bitcoin will trade between $91,000 and $96,000 by the beginning of May. The model cited continued momentum from Bitcoin’s April 2024 halving, which has historically triggered multi-month rallies. It also highlighted sustained institutional interest, particularly through spot Bitcoin ETFs , which continue to absorb supply during market dips. ChatGPT Bitcoin price prediction for May 1,2025. Source: ChatGPT According to ChatGPT, the technical setup remains bullish following Bitcoin’s recent breakout above $80,000. The AI tool suggested the next key resistance lies between $90,000 and $95,000, making a short-term rally toward that range plausible. ChatGPT sees the “path of least resistance” as upward unless an unforeseen regulatory or macroeconomic event derails the current trend. Conversely, Grok provided a slightly more conservative outlook, projecting that Bitcoin will trade between $88,000 and $92,000 on May 1. The model highlighted that Bitcoin’s technical indicators remain favorable. With a neutral Relative Strength Index ( RSI ) and bullish moving averages , there appears to be room for further upside without the immediate risk of a sharp correction. Additionally, Grok identified strong support between $80,000 and $82,000, while resistance near the $100,000 level could limit short-term gains. Supporting this view, cryptocurrency analyst Ali Martinez noted in an X post on April 12 that Bitcoin’s key support currently stands at $82,690. At current price levels, approximately 1.98 million addresses holding 2.42 million BTC are in profit, within the $82,690 to $95,620 range, indicating robust buying interest in this zone. However, Martinez also flagged significant resistance at $95,620, where 1.66 million addresses holding 1.66 million BTC are currently in the red. Bitcoin In/Out of money around price chart. Source:Ali_charts This level could prove to be a major hurdle for bullish momentum. Therefore, a decisive break above $95,620 may act as a catalyst for renewed upward pressure, potentially propelling Bitcoin toward the psychological $100,000 mark. Bitcoin price analysis At the time of writing, Bitcoin was trading at $84,317, down approximately 1.3% over the last 24 hours. On the weekly timeframe, the asset has posted modest gains of approximately 0.8%. Bitcoin seven-day price chart. Source: Finbold At the current valuation, Bitcoin is trading slightly below its 50-day simple moving average (SMA) of $84,786 and notably under its 200-day SMA of $86,407, suggesting short-term weakness relative to its longer-term trend. Market sentiment is neutral, but the Fear & Greed Index sits at 37 (Fear), reflecting cautious investor sentiment. Featured image via Shutterstock The post AI predicts Bitcoin price for May 1, 2025 appeared first on Finbold .
