ChatGPT, developed by OpenAI, is a generative AI model capable of analyzing Bitcoin trends by interpreting historical data and market sentiment. While it lacks real-time access to price feeds, it can enhance Bitcoin price forecasting and trend identification when provided with structured inputs. Traders utilize ChatGPT by feeding it data on market sentiment and technical indicators to gauge market conditions and assist in decision-making. This model is increasingly combined with trading algorithms and various data sources to create sophisticated trading strategies. Research indicates that AI systems can outperform traditional models in predicting crypto price movements. However, ChatGPT has limitations, including a lack of real-time data access, inability to detect market manipulation, and potential overconfidence in its outputs. Therefore, ChatGPT serves as a tool to augment analysis rather than a replacement for human intuition in the volatile cryptocurrency market.

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