ChatGPT, a generative AI model by OpenAI, utilizes historical data, sentiment indicators, and technical metrics to assist in Bitcoin price analysis. Although it lacks real-time market access, it offers valuable insights through structured data prompts that include market sentiment and technical analysis. Traders leverage ChatGPT to identify trends and make informed decisions by integrating it with on-chain analytics and external tools like TradingView. Advanced traders blend ChatGPT with APIs to create AI-driven trading strategies that adapt to market conditions. Studies indicate AI systems, including ChatGPT-enhanced approaches, can outperform traditional models in Bitcoin price prediction, demonstrating significant returns. Nonetheless, ChatGPT has limitations due to its lack of real-time data access, making it unable to react instantly to market volatility or detect manipulation schemes. Additionally, users must be cautious of overconfidence in its predictive outputs. Overall, while ChatGPT serves as a useful analytical tool, it requires human oversight and does not replace intuition or traditional trading strategies.

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