GPT-4 and The Cryptocurrency Market: Weekly Progress on the Road to Success

Greetings to traders and cryptocurrency enthusiasts,

Despite early difficulties this week, our experiment with GPT-4 as a virtual cryptocurrency trader is gaining momentum again. We have established communication with AI, and the latest recommendations from this advanced tool have allowed us to increase our total investment amount by 10%.

Cryptocurrency Market Analysis by GPT-4

This experiment started as a game, but now it's blurring the lines between virtuality and reality. The virtual portfolio that I entrusted to GPT-4 for analysis and management has exceeded all expectations. Each position, selected by artificial intelligence, played out with incredible accuracy.

Cryptocurrency Market Analysis by GPT-4

Should we talk about the mass implementation of AI in crypto trading after such results? Can a machineBased on a deep analysis of the latest news and market trends, GPT-4 advises holding our current positions, anticipating further growth. Special attention is given to cryptocurrencies such as BTC, ETH, BNB, ADA, DOT, and LINK. Detailed analysis of each of these coins is presented below:

surpass human intellect in market analysis? This experiment suggests that the future is closer than we think.

Cryptocurrency Market Analysis by GPT-4

Bitcoin (BTC/USDT)

Bitcoin recently showed a dip below the 20-day exponential moving average ($41,760) but then rose above the downtrend line, indicating strong buying at dips. The potential growth could reach $48,000 and even $50,000, if bulls maintain control. However, if the price sharply drops from $44,700, it will suggest continued activity by sellers.

Ethereum (ETH/USDT)

ETH is struggling to maintain its price above $2,200, suggesting a battle between bulls and bears. A short-term sideways movement is expected. Potential growth to $2,332 and then to $2,403 is possible if bulls overcome the resistance. On the other hand, a break below the 50-day SMA ($2,091) could trigger a fall to $1,900.

Binance Coin (BNB/USDT)

BNB experienced a drop below the moving averages but quickly recovered, indicating aggressive buying at dips. If bulls keep prices above $260, a rise to $333 is possible. The primary support is at the moving average of $223. If the price falls below this level, it may descend to $203.

Cardano (ADA/USDT)

ADA rebounded from the 20-day EMA ($0.54), showing strong buying at dips. The first resistance at $0.62 and the 52-week high at $0.68 could be key for further growth to $0.78.

Chainlink (LINK/USDT)

LINK is consolidating in the range between $12.85 and $16.60. Signs of a bearish crossover could indicate a potential drop to $12.85 if the price stays below the moving averages. In case of a rise above $14.80.

Optimism for the Upcoming Week

Our adventure in the world of cryptocurrency continues, and we are filled with optimism looking forward to the next week. With GPT-4 on board, we are ready to take on new challenges and explore new opportunities in this ever-changing market.

Updated portfolio

Trade smart, trade with vision.
Best regards.
Alex Sterling
Crypto Investment Innovator
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