With previous halvings raising the price of BTC by tenfold or even a hundredfold, experts have been making various price predictions for Bitcoin in the lead-up to the event. Some bullish forecasts even place the cryptocurrency at an astonishing $150,000 by the end of the year.

Considering the optimistic outlook and the recent crypto market volatility, financial news platform Finbold sought the insights of ChatGPT, OpenAI's flagship artificial intelligence (AI) platform. ChatGPT-4, the most advanced model, analyzed factors such as the impact of previous halvings, institutional interest, current market sentiment, global economy, and technological advancements to assess the likelihood of Bitcoin hitting the $100,000 mark before the halving.

After careful evaluation, ChatGPT described the $100,000 price target as "plausible" and concluded that there is a 40% chance of Bitcoin reaching this milestone before the halving takes place. Despite the recent market bloodbath that caused Bitcoin to drop to approximately $63,000, ChatGPT stood by its assessment, emphasizing the challenges of making short-term predictions in the crypto market.

Furthermore, ChatGPT-4 recommended an alternate target, deeming $85,000 as the most credible level with a likelihood of around 60%. While uncertainty surrounds Bitcoin's performance in the coming month, the AI's analysis provides investors with potential price targets to consider.

Over the past 30 days, Bitcoin has experienced both triumphs and troubles. It reached a new all-time high above $73,000, only to endure a significant decline in the last few weeks. In the last seven days alone, Bitcoin's price fell by 12.06%, with a dramatic 7.14% drop in the past 24 hours, bringing it to $63,223 at the time of publication.

Despite the recent dip, Bitcoin has substantially outperformed itself in the long term. Year-to-date, the cryptocurrency is up by an impressive 42.86%, and over the last 52 weeks, it has seen an even more substantial growth of 125.50%.

As the halving event approaches, Bitcoin's future price remains uncertain. However, the insights provided by ChatGPT-4 give investors valuable perspectives and potential targets to watch closely.