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Story Highlights
- Bitcoin price today is 66,708.5533
- 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.
Following the successful Bitcoin Halving, the BTC price is slowly but surely gaining momentum as it reverses from the psychological mark of $60K. With a rise in bullish momentum and a broader market recovery, the market participants anticipate Bitcoin to reach $100K in 2024.
Further, as U.S. market sentiments towards Bitcoin turn more bullish, Bitcoin HODLers expect this uptrend to continue beyond $75,000. Will this bull lead Bitcoin above $100,000?
With the BTC price trading at its all-time high in the “Pre-halving rally,” the oldest crypto is on a bullish track. As 2024 shapes up to be the breakout year for Bitcoin, expectations are set for $100K this season.
With the markets filled with high hopes, questions are arising like: “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.
Also Read: How Will Bitcoin Halving 2024 Impact BTC Price?
Overview
| Cryptocurrency | Bitcoin |
| Token | BTC |
| Price | $ 66,708.55328673 |
| Market Cap | $ 1,313,413,632,042.6147 |
| Trading Volume | $ 26,966,313,260.0657 |
| Circulating Supply | 19,688,834.0000 |
| All-time High | $68,789.63 Nov 10, 2021 |
| All-time Low | $0.04865 Jul 15, 2010 |
| 24 High | $ 67,232.3500 |
| 24 Low | $ 65,106.8800 |
Factors influencing Bitcoin price prediction
The following are the major factors affecting Bitcoin price prediction-
- Supply and demand: The availability of Bitcoin affects its price. Halving cuts new bitcoin supply in half, which could increase demand and price.
- Hedge against inflation: Some see Bitcoin as a store of value and hedge against currency inflation. Its fixed supply makes it attractive during high inflation.
- Regulations: Actions taken by authorities, such as banning cryptocurrency exchanges or imposing restrictions, impact supply and demand dynamics and affect the price.
- Media coverage: Positive or negative coverage influences mass adoption and sentiment, impacting demand and price movements.
- Whale activity: Large holders called whales can significantly influence markets. Their buy or sell-offs lead to volatility and price fluctuations.
- Technology upgrades: Major network upgrades and technical developments surrounding Bitcoin’s scalability and efficiency also play a role in determining trader confidence and future price potential.
Bitcoin Price Prediction April- 2024
Despite the recent sell-off, Bitcoin maintains its position above the 23.60% Fibonacci retracement level, with a bounce back. This indicates a strong lower price rejection and substantial underlying demand.
As the anticipated Bitcoin halving approaches, the likelihood of a bullish spike increases. This surge could potentially trigger a breakout rally from the flag pattern, extending the current uptrend. Given the prevailing price levels and psychological thresholds, Bitcoin could aim for the $100,000 mark. In the near term, the coming weeks might see a bullish surge, pushing the BTC price to $76,000.
| Bitcoin Price Prediction | Potential Low | Potential Average | Potential High |
| Bitcoin Price Prediction April 2024 | $60,000 | $71,000 | $76,000 |
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 bullsih candles and is ready to challenge the overhead resistance at $50K. Moreover, the halving year has always been a bullish year in Bitcoin history, leading to a bull run in the next year.
Adding bullishness at lower levels, Tether buys 8,888 Bitcoin (BTC) to their holdings for $380 million.
Further, the rising hopes for the interest rate cuts in the US market will bolster the uptrend momentum in BTC price. 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, as per Bitcoin Price Prediction 2026, the BTC price range in 2026 is expected to be between $82,522 to $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. Additionally, the average price is 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 to $239,559. Significantly, the average price is projected to be $222,096, indicating a significant rise in Bitcoin’s value.
Bitcoin Price Prediction 2030
Finally, coming to 2030, Bitcoin Price Prediction maintains a positive trend. Indeed, the BTC price is expected to create its new all-time high, with a price range between $277,751 to $347,783. In conclusion, the average price 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
Bitcoin Halving Price Prediction
Firstly, the Bitcoin ‘halving’ just took place, an event that happens roughly every four years. Essentially, Bitcoin miners’ reward for validating transactions gets cut in half. Consequently, this curtails the number of new Bitcoins in circulation, usually sparking a price rally. According to data, the price surges after previous halvings. Therefore, let’s watch this space.
| Event | Date | Reward (BTC) | Mined (BTC) |
| Launch | January 2009 | 50 | 10,500,000 |
| Halving 1 | November 2012 | 25 | 5,250,000 |
| Halving 2 | July 2016 | 12.5 | 2,625,000 |
| Halving 3 | May 2020 | 6.25 | 1,312,500 |
| Halving 4 | April 2024 | 3.125 | 656,250 |
| Halving 5 | Expected 2028 | 1.5625 | 328,125 |
| Halving 6 | Expected 2032 | 0.78125 | 164,063 |
CoinPedia’s Bitcoin (BTC) Price Prediction
Firstly, at CoinPedia, we’re feeling optimistic about Bitcoin’s price going up. Significantly, one big reason is the upcoming Bitcoin “halving” event. In simple terms, every four years, the number of new Bitcoins entering the market gets cut in half. Consequently, this usually increases the price because there’s less supply.
Further, big shots like Uber CEO Dara Khosrowshahi staying positive on crypto and signals the company is ready to accept Bitcoin as a payment option in the future.
Hence, We expect the BTC price to create a new 2024 high of $120,000 by 2024.
| Bitcoin Price Prediction | Potential Low | Potential Average | Potential High |
| Bitcoin Price Prediction 2024 | $35,000 | $77,500 | $120,000 |
ChatGPT Predicts Bitcoin Post-Halving 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.
Concluding Thoughts
Several factors, such as supply and demand dynamics, macroeconomic conditions, regulations, mainstream adoption, and whale behaviour, influence Bitcoin prices in the short and long term. The upcoming halving event is expected to restrict new coin supply and boost demand, which could raise prices.
While it is challenging to predict the crypto market with absolute certainty, many experts remain optimistic about Bitcoin crossing $100K in the long run. Its popularity as a store of value akin to digital gold continues to grow. As adoption keeps rising globally and more institutional investors enter the market, it isn’t unreasonable to assume that the flagship cryptocurrency could rally towards six figures or beyond by 2030 after surpassing previous all-time highs. Much will depend on how Bitcoin’s underlying technology and use cases evolve over the next few years.
FAQs
When is the next Bitcoin halving?
The Bitcoin halving takes place once every four years or every 210,000 blocks. The next Bitcoin halving will take place in April 2024.
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…
Read More: Bitcoin Price Prediction 2023, 2024, 2025, 2026 – 2030
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