It’s been a challenging few weeks for Bitcoin (BTC) holders, with the coin’s value plummeting since the end of August.

However, with BTC having posted a bullish close in the past three days, ChatGPT has weighed in with its thoughts on whether this rebound can last for the entirety of Q4 2023.

ChatGPT has also highlighted the new Bitcoin derivative, Bitcoin BSC (BTCBSC), as another coin that could experience significant growth this quarter.

Bitcoin’s Bullish Rebound Prompts Uptick in Investor Positivity

Bitcoin is currently priced at $26,680, having bounced off the support zone around $25,000.

This support zone held firm back in mid-June, indicating a high volume of buy orders in the area.

As a result of this week’s rebound, Bitcoin’s price has risen above the 20-day Exponential Moving Average (EMA) as reflected in the daily price chart.

This move suggests a shift in momentum, possibly signaling a short-term bullish trend.

Bitcoin’s positive moves have impacted the Crypto Fear & Greed Index, which has risen to 45 – a sizable jump from what it was on Monday.

The sentiment tracker from Augmento.ai also shows a notable increase in positive sentiment, further underlining the growing optimism from crypto investors.

If this optimism holds, it could pave the way for an extended uptrend – potentially pushing Bitcoin to test the resistance level at $28,000 in the next few weeks.

ChatGPT’s Q4 BTC Forecast Offers Optimistic Glimpse Into the Future

Given this context, ChatGPT offered an interesting forecast for where Bitcoin’s price could go in Q4 2023.

ChatGPT emphasizes the importance of considering Bitcoin’s historical data, present market sentiment, and external influences like regulatory shifts when forecasting its price.

With Bitcoin’s current trajectory, ChatGPT estimates a potential 20