Story Highlights
- Bitcoin price today is 57,343.1228
- If Bitcoin sustains above $40K, the BTC price prediction for 2024 predicts it to reach $120,000.
- The Bitcoin price forecast 2030 projects a meteoric recovery in BTC price to reach $347,783.
With Changpeng Zhao receiving a four-month jail sentence, the crypto world witnessed a sharp sell-off, leading to massive liquidations. The BTC price dropped under the psychological mark of $60,000, resulting in bearish Bitcoin price predictions.
With the FOMC meeting in progress, the anticipations of an ever more volatile move are increasing.
With the BTC price failing to create a new all-time high in the “post-halving rally,” the oldest crypto is under pressure. As mid-2024 shapes up to be Bitcoin’s pullback phase, expectations for $100K pushed to the year’s end.
With the markets filled with high hopes, questions arise, such as: “Is Bitcoin ready to reach the $100K mark?” or “Will Bitcoin ever go up?” or “Where will Bitcoin be in 5 years?”
We bring our comprehensive Bitcoin Price Prediction 2024-2030 to solve such doubts.
Table of contents
- Story Highlights
- Overview
- Bitcoin Price Prediction May 2024
- Bitcoin Price Prediction 2024
- Bitcoin Price Prediction 2025-2030
- Bitcoin Price Prediction 2025
- Bitcoin Price Prediction 2026
- BTC Price Prediction 2027
- Bitcoin Price Prediction 2028
- BTC Price Prediction 2029
- Bitcoin Price Prediction 2030
- Bitcoin Market Price Prediction: Analyst and Influencer’s BTC Price Prediction
- CoinPedia’s Bitcoin (BTC) Price Prediction
- ChatGPT Predicts Bitcoin Price To Cross $1 Million
- Bitcoin Historic Price Sentiments 2008 – 2024
- FAQs
Overview
| Cryptocurrency | Bitcoin |
| Token | BTC |
| Price | $57,343.12281479  -5.58% |
| Market Cap | $1,129,238,047,498.6116 |
| Trading Volume | $45,018,311,639.6910 |
| Circulating Supply | 19,692,650.0000 |
| All-time High | $68,789.63 Nov 10, 2021 |
| All-time Low | $0.04865 Jul 15, 2010 |
| 24 High | $61,559.3600 |
| 24 Low | $56,552.8200 |
Bitcoin Price Prediction May 2024
With $95 million in long liquidations, Bitcoin’s price has struggled to rebound from the $60,000 support level. A 5% drop last night resulted in a significant bearish candle that breached this support zone. Consequently, the bullish flag pattern failed to sustain, indicating a potential downside reversal. Increased FUD sentiments further suggest that Bitcoin’s price may decline further.
Technical indicators, including the MACD and RSI, hint at a growing bearish momentum. The MACD is trending negatively, and the daily RSI is approaching the oversold territory, which could signal an impending drop.
Currently, Bitcoin is trading at $57,094, with an intraday drop of 5.93%, indicating a quick rise in the sell-off. The downfall could approach the 200D EMA at $51,952 before taking a bullish reversal to the $68,283.
| Bitcoin Price Prediction | Potential Low | Potential Average | Potential High |
| Bitcoin Price Prediction May 2024 | $51,952 | $71,000 | $68,283 |
Also Read: What is Bitcoin? An In-Depth Guide To The King Of Digital Currencies
Bitcoin Price Prediction 2024
The high spirits around the Bitcoin Spot ETF approvals kick in for the BTC price to spark a bull run.The uptrend continues the streak of 5 monthly bullish candles and is ready to challenge the overhead resistance at $50K. Moreover, the halving year has always been bullish in Bitcoin history, leading to a bull run in the next year.
Rising hopes for interest rate cuts in the US market will bolster BTC’s price uptrend. Therefore, 2024 is highly anticipated 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 | Potential Low | Potential Average | Potential High |
| Bitcoin Price Prediction 2024 | $35,000 | $77,500 | $120,000 |
Bitcoin Price Prediction 2025-2030
| Bitcoin Price Prediction | Potential Low ($) | Average Price ($) | Potential High ($) |
| 2025 | 61,357 | 95,903 | 140,449 |
| 2026 | 82,522 | 115,569 | 155,284 |
| 2027 | 152,837 | 160,942 | 169,047 |
| 2028 | 174,063 | 183,485 | 192,908 |
| 2029 | 204,634 | 222,096 | 239,559 |
| 2030 | 277,751 | 312,767 | 347,783 |
Bitcoin Price Prediction 2025
With the launch of potentially more Bitcoin-related financial services and the global adoption spark of Bitcoin, BTC prices will maintain a bullish trend in 2025. The cryptocurrency is expected to create a high of $140,449 with a low of $61,357. Therefore, the average Bitcoin price prediction for 2025 will potentially 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 projected to be $115,569.
BTC Price Prediction 2027
Subsequently, as per BTC Price Prediction for 2027, the Bitcoin price range can be between $152,837 to $169,047. Furthermore, the average price is expected to be $160,942, indicating a relatively stable bullish period for Bitcoin.
Bitcoin Price Prediction 2028
With the 5th Halving, the Bitcoin price will see another bullish spark in 2028. Specifically, as per Bitcoin Price Prediction 2028, the potential BTC price range in 2028 is $174,063 to $192,908. The average price is also expected to be $183,485, demonstrating continued positive momentum.
BTC Price Prediction 2029
Thereafter, as per BTC Price Prediction 2029, the BTC price will range between $204,634 and $239,559. The average price is projected to be $222,096, indicating a significant rise in Bitcoin’s value.
Bitcoin Price Prediction 2030
Finally, in 2030, Bitcoin prices are predicted to maintain a positive trend. Indeed, the BTC price is expected to reach a new all-time high, ranging between $277,751 and $347,783. In conclusion, the average cost is expected to be $312,767.
Bitcoin Market Price Prediction: Analyst and Influencer’s BTC Price Prediction
| Firm Name | 2024 | 2025 |
| Gov.Capital | $91,245 | $123,352 |
| DigitalCoinPrice | $78,717 | $110,963 |
| Trading Beasts | $88, 632 | $154,435 |
- Blockware Solutions Predict Bitcoin Post-Halving Price To Reach $400,000.
- Tommy Lee, Head of Research at Fundstrat, predicts Bitcoin to surge between $250,000 to $500,000.
- Robert Kiyosaki predicts the Bitcoin price to reach $120,000 in 2024.
- Blockstream CEO Adam Back predicts Bitcoin to hit an all-time high of over $100,000 in 2024.
Also Check Out : Bitcoin ETF Approved: Exploring the Next Big Catalyst For Crypto Bull Run 2024
CoinPedia’s Bitcoin (BTC) Price Prediction
Firstly, at CoinPedia, we feel optimistic about Bitcoin’s price increase.
Hence, We expect the BTC price to create a 2024 high of $120,000.
| Bitcoin Price Prediction | Potential Low | Potential Average | Potential High |
| Bitcoin Price Prediction 2024 | $35,000 | $77,500 | $120,000 |
ChatGPT Predicts Bitcoin Price To Cross $1 Million
Furthermore, using the above Bitcoin Halving table, we asked ChatGPT to calculate the potential jump in Bitcoin after the 2024 halving. Utilizing Arithmetic and Geometric Progression, respectively, ChatGPT calculates the Bitcoin price prediction for 2024 post-halving to be a 290% and 4,160% jump.
Rounding off the current Bitcoin price to $26,000, firstly, the calculations display the post-halving Bitcoin to skyrocket drastically. Specifically, reaching $101,400 by A.P. and $1,107,808 by G.P., Bitcoin is set to create a new high in 2024.
Many influencers and Bitcoin maximalists are predicting the BTC price to reach $1M, but the chances of them using G.P. are less, but not zero.
Bitcoin Historic Price Sentiments 2008 – 2024
Analyzing the historic price sentiment of BTC is suitable for rightly interpreting the indications we come across while analyzing its future price sentiment.
In a nutshell, the optimism and hope around Bitcoin have continued to grow ever since its launch. And now, with the institutions coming together with the 4th Bitcoin halving around the corner marks a crucial turning point. The upcoming years for BTC are marked in green as Bitcoin adoption grows like wildfire in a fiat world.
FAQs
How much has the price of Bitcoin changed in the last 24 hours?
Over the past 24 hours, BTC witnessed a 0.69% change, hitting a peak of $30,630 and a low of $30,259.
How much is 1 Bitcoin worth?
At the time of publishing, the price of 1 BTC was $30,604.
Why is Bitcoin halving done?
Bitcoin halving ensures that the amount of bitcoin we can mine decreases with each block, making bitcoin more scarce and ultimately more valuable.
Will the Bitcoin price go back up?
Bitcoin price will surge with the Bitcoin halving coming closer.
What is the projected price of Bitcoin in 2024?
The projected price of Bitcoin in 2024 will range between $35,000 and $120,000, with an average of $77,500.
What is the projected cost of Bitcoin in 2024?
For 2024, the BTC price will have a projected high of $120,000 and a potential low of $35,000.
What is the projected price of Bitcoin in 2025?
In 2025, the projected high for Bitcoin is $110,449, with a low of $61,357 and an average price of $85,903.
If I had invested $100 in 2020 fall, what it be worth now?
The 2020 fall in Bitcoin found support at $3850 and started at $10,501. Considering you bought at the peak, your $100 investment would have increased by 191%. In short, your investment would be worth $219.
How many Bitcoins will be mined?
The current circulating supply of BTC is approximately 19,428,268 BTC, with a market cap of $595,390,159,392. Bitcoin will have a maximum supply of 21,000,000 (21 Million) tokens.
Will Bitcoin Hit $1 Million by 2030?
Bitcoin maximalists like Michael Saylor expect Bitcoin to hit the $1,000,000 mark by 2030. Investors can expect the Bitcoin price to surpass the $300,000 mark.
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