Bitcoin (BTC) saw a sharp decline recently, dipping below $90,000 for the first time since April. In a surprising twist, the bulls have managed to recover some losses over the last 12 hours, raising questions about whether BTC can reattain the $100,000 threshold this month or if the current rebound is merely temporary.

To gain further insights, we consulted four renowned AI chatbots to share their analyses on the situation.

Are the Bulls Coming Back?

According to ChatGPT, a recovery above $100,000 would be significant but not unexpected given BTC’s historical volatility. The bot pointed out that the primary cryptocurrency has typically bounced back with substantial increases just days after severe drops.

It also highlighted that long-term holders remain largely unaffected by recent downturns, suggesting that a dovish approach from the Federal Reserve—indicating further rate cuts—could positively influence BTC’s value.

“Once BTC approaches $95-$97K again, FOMO can reignite aggressively and push the price towards the six-figure mark,” it mentioned.

Additionally, the AI noted that November has historically been a strong month for Bitcoin, especially following halving events, although it mentioned that following the last two halvings (in 2020 and 2024), BTC dropped in value during this time frame.

Meanwhile, Grok forecasts a 40-50% possibility of Bitcoin surpassing the $100K mark before December begins, emphasizing that the Federal Reserve’s decisions on interest rates will be crucial for the cryptocurrency market’s recovery.

Optimistic Predictions

Perplexity claimed that a spike past $100K could occur this month, in line with bullish projections from some advocates of the digital currency, although it cautioned that volatility might increase. They also predicted a further rise to $120,000 by December.

Google’s Gemini expressed that Bitcoin could surpass this level once it breaks through the $95,000 support zone. They emphasized the need for renewed institutional investment to foster a comeback after recent decreases in interest in spot BTC ETFs.

“If you’re long-term bullish, dips like this are gifts – stack sats, hedge with options, and watch $90K as the ultimate support,” the AI warned.