After a couple of volatile weeks, Bitcoin (BTC) experienced a modest rebound on Monday, July 28. However, with major U.S. crypto policy reports due July 30, the flagship digital asset could still surprise us this week.
Further complicating the situation, President Trump’s recent announcement of a new trade framework with the European Union (EU) covered tariff cuts on European imports, lowering political and commercial uncertainty and potentially changing how investors see safe-haven assets such as Bitcoin.
To figure out where the BTC price might be by August 1 given all the changes in the market, Finbold’s AI price prediction tool relied on three machine learning models (GPT-4o, Claude 3.5 Sonnet, and Grok 2 Vision) and a suite of technical indicators, including moving average convergence divergence (MACD), relative strength index (RSI), stochastic oscillators, and 50-day moving averages.
AI predicts BTC price
According to the collective efforts of the three machine learning models, the average BTC price on August 1, the end of this week will be $119.833, implying a modest 0.7% upside from its current price of $119,003.
Claude 3.5 Sonnet was the most bullish with a Bitcoin forecast of $121,500 (+2.1%). GPT-4o was also optimistic, with a BTC target price of $120,500 (+1.26%). Grok 2 Vision, however, leaned more bearish, predicting a price of $117,500 (-1.26%).
From a technical point of view, it appears as if Grok was justified in its prediction. We note, for example, that the RSI fell from 75 to 62 in the past two weeks, suggesting a weakening bullish momentum. On the other hand, BTC trades at $118,959, so its SMA of 111,234 implies a sustained uptrend.
At the same time, the MACD line, which had been as high as 3,244 two weeks ago, has gradually declined to 2,572, indicating that upward momentum is slowing. More telling is the MACD histogram, which has dropped sharply from +1,175 to -325 in the same time period, also suggesting a more bearish outlook.
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