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Bitcoin (BTC) has been trading in a tight range since February, currently at $69,370, with cryptocurrency traders eagerly awaiting the Federal Open Market Committee (FOMC) meeting on June 12 to set the Federal Reserve’s interest rate target. Historically, the FOMC meetings and interest rate decisions have significantly impacted Bitcoin‘s price. Finbold provided technical analysis and finance market projections context to ChatGPT-4o for a BTC price prediction ahead of June 12. Within this context, OpenAI‘s flagship artificial intelligence (AI) model predicts Bitcoin will trade between $68,000 and $73,000. However, a rate cut or hints of an upcoming cut could propel BTC above its range. ChatGPT-4o forecast places the leading cryptocurrency between $73,000 and $75,000 or beyond in this unlikely economic scenario. Picks for you ...

Ethereum price found news bullish momentum as traders gear up for next week’s major network upgrade. With one week to go until the Ethereum (ETH) Shanghai and Capella upgrades on April 12, all eyes are on Ether. The second largest cryptocurrency by market capitalization shrugged off rumors and regulatory action against exchanges to hit a 7-month high of $1,922 on April 5.  Ether price has momentum and here are three strong reasons why. Multiple positive price achievements According to data from Cointelegraph Markets Pro and TradingView, despite market volatility, Ether price has posted gains on the 7-day, 1-month and 3-month timeframes. Ether price gains are also notable on the year-to-date perspective, showing 59% growth. Ether vs USD price chart. Source: Cointelegraph Markets Pro Ether’s ability to break resistance levels is leading some analysts to believe a $3,000 price target is on the horizon in Q2 2023. The trend shows that whale accumulation remains strong, growing by 0.5% in...

LINK's price could rally on speculations over Chainlink's oracle services growth coupled with a supportive technical pattern. Chainlink (LINK) looks poised for 25% price rally in the days leading up to its staking protocol launch, based on several fundamental and technical facto. Chainlink price rallies ahead of staking launch The staking feature, which will go live as v0.1 in beta mode on Dec. 6, comes as a part of the so-called "Chainlink Economics 2.0" that focuses on boosting LINK holders' reward-earning opportunities for "helping increase the crypto economic security" of Chainlink's oracle services. Earlier, Chainlink users had to launch their own nodes to receive rewards in LINK tokens. The staking feature effectively opens new avenues for them to earn LINK rewards that could, in theory, boost demand for the token. Additionally, demand for LINK's parent platform Chainlink, as an oracle service provider, should also increase. David Gokhshte...