ChatGPT uses data for crypto market analysis, but predicting trends can be challenging

From Cointelegraph

March 24, 2025 03:05 AM:

Key takeaways:

ChatGPT can provide insights for crypto market analysis by using accurate historical and real-time data on prices, trading volumes, and market capitalization.
Organizing data in clear formats helps ChatGPT identify patterns and trends, enhancing the relevance and clarity of its responses for traders.
Cross-checking ChatGPT’s outputs with up-to-date information from reputable sources is crucial before making trading decisions to account for potential inaccuracies.
Predicting crypto market trends can be challenging due to volatility caused by investor sentiment, regulatory changes, and sudden events like exchange hacks. ChatGPT can help analyze historical data to support better decision-making for traders.

Read more at Cointelegraph: How to use ChatGPT to predict crypto market trends