How far will Bitcoin fall? AI: ”Possibility of crash below $50,000”

As the cryptocurrency market, including Bitcoin, is crashing across the board, an artificial intelligence (AI) analyst has predicted that this price drop could continue for the next few weeks.
According to CryptoPotato on the 4th (local time), AI search engine service "Perplexity" predicted that if Bitcoin's current weak momentum continues, it will continue to rise in the coming weeks.
He predicted that the price could fall below $50,000. Perplexity recently explained some of the reasons why Bitcoin could continue to fall, including the US-based ETFs.
The report focuses on outflows of funds from various Bitcoin-related investment vehicles. As of the 2nd, $230 million (approximately 32.9 billion yen) was outflowed from the largest ETF.
The chatbot predicts that if Bitcoin follows the patterns exhibited in previous bull runs, it could reach $40,000 (approximately 5.7 million yen) in the event of a major crash.
) to $50,000. Bitcoin's key support level of $62,000 has already been broken.
However, they said the decline could become even more severe if the more decisive level of $60,000 (approximately 8.56 million yen) collapses.
According to Perplexity, market analysts are detecting a general sense of unease among investors, especially with the Federal Reserve
Attention is focused on upcoming economic indicators that may affect policy. Meanwhile, as of 10:35 a.m. on the 5th, Bitcoin was trading at 10:35 p.m. on the cryptocurrency market website CoinMarketCap.
It was trading at $54,667 on the stock exchange, down 9.4% from 24 hours ago and a 20.5% drop from seven days ago.