ChatGPT, developed by OpenAI, utilizes historical data, sentiment indicators, and technical metrics to support Bitcoin trading strategies. While it lacks real-time market access, it assists traders by analyzing patterns, gauging sentiment, and performing regression analysis using structured prompts. Traders integrate it with APIs or dashboards to create dynamic trading bots, adjusting strategies as market conditions evolve. Research indicates AI systems, including those enhanced by ChatGPT, outperform traditional methods in predicting price movements, suggesting that AI can be more effective in complex trading scenarios. However, ChatGPT is not foolproof; it relies heavily on user-inputted data and cannot detect real-time market manipulations or provide instant market calls. Users have also noted issues with overconfidence in its predictions, emphasizing the need for caution. Ultimately, ChatGPT should be viewed as a tool to enhance analysis rather than a definitive predictor of Bitcoin’s movements.

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