Bitcoin Price Prediction 2024-2030: Expert Analysis and More

Given the great confusion in the markets, questions such as: “Is Bitcoin ready to reach the $100,000 mark?”, “Will the Bitcoin price ever go up?” or “Where will Bitcoin be in 5 years?” arise.

We bring our comprehensive Bitcoin Price Prediction 2024-2030 to dispel such doubts.

overview

Cryptocurrency	Bitcoin
Sign	BTC
Price	$69,884.04782289 1.51%
Market capitalization	1,377,017,711,081.5227 USD
Trading volume	24,445,841,182.0778 USD
Circulation quantity	19,704,321.0000
All-time high	$68,789.63 November 10, 2021
All-time low	$0.04865 July 15, 2010
24 High	€63,429.0300
24 Low	60,630,000 USD

Bitcoin Price Prediction July 2024

With the recent sell-off from the upper resistance trend line, Bitcoin price is showing a corrective phase. The downtrend is creating a new resistance trend line within the range and bringing a gradual increase in supply pressure.

As the correction phase approached the $60,000 support, the BTC price recorded a 15% decline in the last three weeks. Currently, the Bitcoin price is trading at $61,454 with an intraday decline of 2.82% forming a massive bearish engulfing candle.

If the bullish dominance fails to bring the market price back from the $60,000 zone, the downtrend could extend to $57,963 this month. However, a bullish comeback can overcome the newly formed resistance trend line and reclaim the $66,173 mark.

Also read: What is Bitcoin? A detailed guide to the king of digital currencies

Derivatives analysis

Last week, traders dominated with long positions, with funding rates at 0.01493545.

However, the open interest has decreased by 2.52% in the last 24 hours, indicating increased market activity and volatility, supporting the ongoing correction. Notably, $382 million worth of long positions have been liquidated in the last 21 days, reinforcing the bearish viewpoint.

Bitcoin Price Prediction 2024

With the bull run set to continue for most of Q1 and Q2 2024, buyers are confidently taking bullish positions in Bitcoin. With the uptrend peaking at $72,000 and dominating above $60,000, the bull run could gain momentum.

The rising hopes of interest rate cuts in the US market will support the uptrend in BTC price. Therefore, 2024 is expected to be a bullish year for Bitcoin, with a potential high of around $120,000 and a potential low of $35,000.

Bitcoin Price Prediction 2025-2030

Bitcoin Price Prediction 2025

With the launch of potentially more Bitcoin-related financial services and the global adoption of Bitcoin, BTC prices will maintain an uptrend in 2025. The cryptocurrency is expected to reach a high of $140,449 and a low of $61,357. Therefore, the average Bitcoin price prediction for 2025 will possibly be $95,903.

Bitcoin Price Prediction 2026

Firstly, according to Bitcoin Price Prediction 2026, the BTC price range in 2026 is expected to be between $82,522 and $155,284. Moreover, the average price is predicted to be $115,569.

BTC Price Prediction 2027

According to the BTC price prediction for 2027, the Bitcoin price range can be between $152,837 and $169,047. Moreover, an average price of $160,942 is expected, which indicates a relatively stable bullish phase for Bitcoin.

Bitcoin Price Prediction 2028

With the 5th halving, Bitcoin price will see another uptrend in 2028. According to Bitcoin price prediction 2028, the potential BTC price range in 2028 is $174,063 to $192,908. The average price is expected to be $183,485, indicating continued positive momentum.

BTC Price Prediction 2029

After that, the BTC price will range between $204,634 and $239,559 according to the BTC price prediction 2029. The average price is estimated to be $222,096, which indicates a significant increase in the Bitcoin value.

Bitcoin price prediction 2030

Finally, a positive trend is predicted for the Bitcoin price in 2030. In fact, the BTC price is expected to reach a new all-time high and will range between $277,751 and $347,783. In summary, the average cost will be $312,767.

Bitcoin Market Price Prediction: BTC Price Prediction from an Analyst and Influencer

• According to speculations by Blockware Solutions, the price of 1 BTC could reach $400,000.
• Rich Dad, Poor Dad author Robert Kiyosaki speculates that Bitcoin price will exceed $100,000 this year.
• Adam Back supports the optimistic forecast for Bitcoin and expects an all-time high of over $100,000.

CoinPedia’s Bitcoin (BTC) price prediction

First, we at CoinPedia are optimistic about Bitcoin’s price rise.

Thus, We expect the BTC price to peak at $120,000 in 2024.

ChatGPT predicts Bitcoin price will exceed $1 million

In addition, we asked ChatGPT to use the Bitcoin halving chart above to calculate the potential increase in Bitcoin price after the halving in 2024. Using AP and GP, the AI ​​estimates that Bitcoin price will increase by 290% and 4,160%, respectively, after the halving this year.

AI rounds the current Bitcoin price to $65,500 and predicts that Bitcoin will boom in 2024 after the fourth Bitcoin halving. From the arithmetic progression perspective, the price of BTC could reach $255,450. Optimistically, the Bitcoin price could rise to $2,790,464 per GP.

Historical price sentiments for Bitcoin 2008 – 2024

Analyzing the historical price sentiment of BTC is useful for correctly interpreting the clues we come across when analyzing future price sentiment.

In short, the optimism and hope surrounding Bitcoin have been growing steadily since its launch, and now that institutions are coming together, the fourth Bitcoin halving is a critical turning point.

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