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Bitcoin (BTC) is witnessing sustained bouts of volatility, aligning with the broader market sentiment, with an artificial intelligence (AI) model projecting that the asset is likely to trade below $110,000 by November 1.
Indeed, the market has been weighed down by ongoing trade tensions, which have dampened Bitcoin’s hopes for a swift recovery.
By press time, BTC was trading at $109,066, having corrected by almost 2% in the last 24 hours, while on the weekly timeline, the asset is down 1.7%.
Bitcoin price prediction
To project the price for November 1, Finbold turned to OpenAI’s ChatGPT, which noted that Bitcoin is likely to trade at $109,700 on November 1, 2025, signaling a phase of consolidation rather than a fresh rally.
ChatGPT’s analysis highlighted that while institutional demand remains strong, the pace of inflows into Bitcoin exchange-traded funds (ETFs) nearly $6 billion year-to-date, is likely to slow, easing upward momentum. The model noted that this moderation could bring mild consolidation pressure as the market digests earlier gains.
Technically, Bitcoin’s relative strength index at around 65 indicates that the asset remains bullish but not overbought. Moving averages (MA) reinforce this view, with the 20-day average near $106,000 and the 50-day near $99,000, reflecting a solid upward trend.
However, ChatGPT anticipates that in the absence of new catalysts, Bitcoin may briefly retest the 20-day average before resuming its next leg higher.
On the macroeconomic front, the forecast assumes that a weaker U.S. dollar and steady inflation expectations will continue to support Bitcoin’s positive correlation with gold and equities. A sudden shift in tone from the Federal Reserve, particularly a hawkish stance later in October, could temporarily pressure Bitcoin toward the $100,000 level.
Bitcoin price levels to watch
The model also pointed to high derivatives funding rates, suggesting that excessive leverage could trigger a short-term correction of 3% to 6% before a recovery.
Regarding specific price levels, ChatGPT outlined a base-case scenario where Bitcoin trades between $106,000 and $112,000, with a 60% probability. A bullish breakout toward $113,000 to $118,000 carries a 25% chance, while a bearish pullback to $98,000 to $103,000 is assigned a 15% probability.
If these levels are attained, it would indicate that Bitcoin is likely to remain in a period of healthy consolidation, sustaining its broader uptrend while pausing before the next significant move.
Featured image via Shutterstock
