{"id":189860,"date":"2025-10-04T17:27:09","date_gmt":"2025-10-04T17:27:09","guid":{"rendered":"https:\/\/www.newsbeep.com\/ca\/189860\/"},"modified":"2025-10-04T17:27:09","modified_gmt":"2025-10-04T17:27:09","slug":"ai-sets-bitcoin-price-for-october-31-2025","status":"publish","type":"post","link":"https:\/\/www.newsbeep.com\/ca\/189860\/","title":{"rendered":"AI sets Bitcoin price for October 31, 2025"},"content":{"rendered":"<p class=\"paragraph\">With Bitcoin (<a href=\"https:\/\/finbold.com\/cryptocurrency\/bitcoin\" rel=\"nofollow noopener\" target=\"_blank\">BTC<\/a>) regaining bullish momentum, insights from <a href=\"https:\/\/finbold.com\/guide\/how-to-buy-open-ai-stock\/\" rel=\"nofollow noopener\" target=\"_blank\">OpenAI\u2019s<\/a> <a href=\"https:\/\/finbold.com\/guide\/how-to-invest-in-ai-stocks-in-canada\/\" rel=\"nofollow noopener\" target=\"_blank\">artificial intelligence<\/a> tool <a href=\"https:\/\/finbold.com\/guide\/how-to-buy-chat-gpt-stock\/\" rel=\"nofollow noopener\" target=\"_blank\">ChatGPT<\/a> suggest that the <a href=\"https:\/\/finbold.com\/guides\/cryptocurrency\/\" rel=\"nofollow noopener\" target=\"_blank\">cryptocurrency<\/a> is likely to trade at a new record high by the end of October.<\/p>\n<p class=\"paragraph\">Notably, Bitcoin\u2019s momentum is positive after breaking $120,000, showing a bullish short-term trend despite the U.S. government shutdown.<\/p>\n<p class=\"paragraph\">At present, Bitcoin and the broader market outlook are likely to see further momentum, as the macroeconomic environment supports risk assets.\u00a0<\/p>\n<p class=\"paragraph\">For instance, a Federal Reserve rate cut expected later this month could boost investor appetite for <a href=\"https:\/\/finbold.com\/cryptocurrencies\/\" rel=\"nofollow noopener\" target=\"_blank\">cryptocurrencies<\/a>. Institutional interest continues to grow, with ETFs and crypto funds adding upward pressure on the market.<\/p>\n<p>Bitcoin price prediction\u00a0<\/p>\n<p class=\"paragraph\">\u200bBased on these factors, ChatGPT projects that by October 31, Bitcoin could trade in a range of $128,000 to $136,000, with a base-case price of $132,000.\u00a0<\/p>\n<p class=\"paragraph\">A bullish scenario could push Bitcoin above $140,000 if momentum and ETF inflows accelerate, whereas a sharp correction or regulatory concerns could see it drop toward $120,000.\u00a0<\/p>\n<p class=\"paragraph\">The AI model also noted that key technical levels show support at $118,000 and $115,000, while resistance sits at $125,000 and $130,000, with the psychological barrier of $140,000 also in focus.<\/p>\n<p><img loading=\"lazy\" decoding=\"async\" width=\"429\" height=\"112\" src=\"https:\/\/www.newsbeep.com\/ca\/wp-content\/uploads\/2025\/10\/image-50.png\" alt=\"\" class=\"wp-image-254688\"  \/>Bitcoin price prediction for October 31, 2025. Source: ChatGPT<\/p>\n<p class=\"paragraph\">Meanwhile, insights shared by prominent cryptocurrency analyst Ali Martinez indicate strong potential upside, with Glassnode\u2019s MVRV Extreme Deviation Pricing Bands supporting a bullish outlook.\u00a0<\/p>\n<p class=\"paragraph\">According to Martinez\u2019s <a href=\"https:\/\/x.com\/ali_charts\/status\/1974406639357935849\/photo\/1\" target=\"_blank\" rel=\"noreferrer noopener nofollow\">analysis<\/a> on X on October 4, as long as Bitcoin maintains support above $117,650, the model points to a target near $139,800, a new record high.<\/p>\n<blockquote class=\"twitter-tweet\" data-width=\"550\" data-dnt=\"true\">\n<p lang=\"en\" dir=\"ltr\">As long as Bitcoin <a href=\"https:\/\/twitter.com\/search?q=%24BTC&amp;src=ctag&amp;ref_src=twsrc%5Etfw\" rel=\"nofollow noopener\" target=\"_blank\">$BTC<\/a> holds above $117,650, the Pricing Bands point to $139,800 next. <a href=\"https:\/\/t.co\/DTPtz3Wj52\" rel=\"nofollow\">pic.twitter.com\/DTPtz3Wj52<\/a><\/p>\n<p>&mdash; Ali (@ali_charts) <a href=\"https:\/\/twitter.com\/ali_charts\/status\/1974406639357935849?ref_src=twsrc%5Etfw\" rel=\"nofollow noopener\" target=\"_blank\">October 4, 2025<\/a><\/p><\/blockquote>\n<p><script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script>\n<\/p>\n<p>Bitcoin price analysis\u00a0<\/p>\n<p class=\"paragraph\">By press time, Bitcoin was trading at $122,146, having gained 1.4% in the past 24 hours. On the weekly timeline, the asset is up over 11%.\u00a0<\/p>\n<p><img loading=\"lazy\" decoding=\"async\" width=\"400\" height=\"320\" src=\"https:\/\/www.newsbeep.com\/ca\/wp-content\/uploads\/2025\/10\/image-49.png\" alt=\"\" class=\"wp-image-254686\"  \/>Bitcoin seven-day price chart. Source: Finbold<\/p>\n<p class=\"paragraph\">At the current price, Bitcoin is comfortably above its 50-day simple moving average (<a href=\"https:\/\/finbold.com\/guide\/moving-average-in-stock-trading\/\" rel=\"nofollow noopener\" target=\"_blank\">SMA<\/a>) of $113,680, signaling sustained short-term bullish momentum, trading roughly 7.4% higher than this key support level.\u00a0<\/p>\n<p class=\"paragraph\">The 200-day SMA at $104,714 further reinforces a bullish long-term uptrend, with the price elevated by about 16.5%.<\/p>\n<p class=\"paragraph\">Complementing this, the 14-day Relative Strength Index (RSI) at 67.57 remains in bullish territory, nearing but not yet overbought, suggesting room for continued upside before potential consolidation.<\/p>\n<p class=\"paragraph\">Featured image via Shutterstock<\/p>\n<p>  <script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n","protected":false},"excerpt":{"rendered":"With Bitcoin (BTC) regaining bullish momentum, insights from OpenAI\u2019s artificial intelligence tool ChatGPT suggest that the cryptocurrency is&hellip;\n","protected":false},"author":2,"featured_media":189861,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[20],"tags":[62,276,277,3571,54945,49,48,4614,61],"class_list":["post-189860","post","type-post","status-publish","format-standard","has-post-thumbnail","category-artificial-intelligence","tag-ai","tag-artificial-intelligence","tag-artificialintelligence","tag-bitcoin","tag-btc","tag-ca","tag-canada","tag-cryptocurrency","tag-technology"],"_links":{"self":[{"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/posts\/189860","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/comments?post=189860"}],"version-history":[{"count":0,"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/posts\/189860\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/media\/189861"}],"wp:attachment":[{"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/media?parent=189860"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/categories?post=189860"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/tags?post=189860"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}