Bitcoin Price Prediction 2024-2030: Expert Analysis & More

Story Highlights

• The price of Bitcoin today is
• If Bitcoin holds above $40,000, the BTC price prediction for 2024 predicts it will hit $120,000.
• Bitcoin price predictions for 2030 point to a lightning-fast recovery in BTC price to $347,783.

With a bullish reversal above the $60K zone, Bitcoin price action reveals a high probability of an uptrend. Several bullish patterns and supportive technical indicators are predicting $100,000 once again, which seems possible.

Slowly wrapping up Q2, Q3 begins with a breakout rally, aiming to break above $70K soon. As Bitcoin surges from the crucial $60K support, the broader market anticipates a new long-term bull market.

With the markets full of confusion, questions arise such as: “Is Bitcoin ready to hit the $100,000 milestone?” or “Will Bitcoin ever go up?” or “Where will Bitcoin be in 5 years?”

We bring our complete Bitcoin Price Prediction 2024-2030 to resolve these doubts.

Overview

Cryptocurrency	Bitcoin
Token	BTC
Price	$63,366.59765340 5.69%
Market capitalization	$ 1,249,975,208,304.7527
Trading volume	$ 37,049,183,687.9206
Circulating supply	19,726,090.0000
All-time high	$68,789.63 November 10, 2021
All-time low	$0.04865 July 15, 2010
24 High	$63,429.0300
24 Low	$60,630,0000

Bitcoin Price Prediction July 2024

In a bullish reversal over the weekend, BTC price trend breaks above the secondary resistance trendline. Reversal rally in major cryptocurrency breakouts reclaims the $60K zone and breaks above the 50-day EMA.

With a series of bullish candles, BTC price is trading at $62,983 with an intraday gain of 3.54%. As it approaches the upper trend line, the breakout rally challenges the upper trend line.

If the bullish dominance breaks above the trend line, the market price of Bitcoin can reach the $77,842 milestone by the end of this month. On the contrary, $52,000 and $50,000 are crucial support areas.

Read also: What is Bitcoin? An In-Depth Guide to the King of Digital Currencies

Derivatives Analysis

The funding ratio in the current Bitcoin derivatives market is 0.00460241, which suggests a bullish sentiment. However, the taker buy-sell ratio paints a mixed picture. Sell sentiment dominates, with a buy ratio of 0.449 and a sell ratio of 0.551.

Bitcoin futures open interest (OI) currently stands at $15.18 billion. Despite a 3.19% increase in the past 24 hours, OI has fallen by 13.53% over the past week. The recent surge in OI has triggered a short squeeze.

In the last 24 hours, long positions amounting to $9.23 million and short positions amounting to a significant amount of $22.54 million were liquidated.

US CPI Data for June: Inflation Shows Signs of Cooling

The latest June Consumer Price Index (CPI) data shows continued inflation cooling, potentially signaling a shift in the Federal Reserve’s monetary policy stance. The annual CPI inflation rate rose 3.0%, slightly below the 3.1% forecast, indicating a moderation in price increases compared to previous months.

The core consumer price index, excluding volatile food and energy prices, rose 3.3% year-on-year, still below the 3.4% forecast. This slowdown in core inflation suggests that underlying price pressures may be easing.

Month-on-month data further highlights the trend, with the overall CPI falling by 0.1% and the core CPI rising by a modest 0.1%. These figures are crucial as they reflect more immediate price changes and can influence short-term economic policies.

Market analysts are now speculating that the Federal Reserve may consider a rate cut in September, given the decline in inflation.

Will BTC Surge Again in July?

After the fourth Bitcoin Halving, BTC price trend has gradually gained bullish momentum. Historical patterns suggest that Bitcoin is poised for significant growth, potentially reaching the $100,000 milestone.

During Q1 and Q2 2024, Bitcoin has been on a strong bull run, with buyers confidently taking bullish positions. The uptrend peaked at $72,000, maintaining dominance at lower levels, which could further accelerate the bull run.

Furthermore, rising hopes of interest rate cuts in the US market and the upcoming presidential elections are expected to strengthen the bullish trend of BTC price.

Bitcoin Price Prediction 2024

With a bull run for much of Q1 and Q2 2024, buyers are confidently taking bullish positions in Bitcoin. As the uptrend peaks at $72,000 and maintains dominance above $60,000, the bull run could gain momentum.

Rising hopes of interest rate cuts in the US market will strengthen the bullish trend of BTC prices. 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 spark of global Bitcoin adoption, BTC prices will maintain an uptrend 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

First of all, according to Bitcoin Price Prediction 2026, the BTC price range in 2026 is predicted to be between $82,522 and $155,284. Also, the average price is predicted to be $115,569.

BTC Price Prediction 2027

Next, according to the BTC price prediction 2027, the price range of Bitcoin may be between $152,837 and $169,047. In addition, the average price is expected to be $160,942, indicating a relatively stable bullish period for Bitcoin.

Bitcoin Price Prediction 2028

With the fifth halving, the price of Bitcoin will see another bullish spark in 2028. Specifically, according to Bitcoin Price Prediction 2028, the potential price range of BTC in 2028 is between $174,063 and $192,908. The average price is also expected to be $183,485, demonstrating continued positive momentum.

BTC Price Prediction 2029

Next, according to BTC price prediction 2029, BTC price will range between $204,634 and $239,559. The average price is expected to be $222,096, indicating a significant increase in the value of Bitcoin.

Bitcoin Price Prediction 2030

Finally, in 2030, Bitcoin prices are expected to continue a positive trend. In fact, BTC price is expected to reach a new all-time high, between $277,751 and $347,783. In conclusion, the average cost is expected to be $312,767.

Bitcoin Market Price Prediction: BTC Price Prediction by Analysts and Influencers

• According to speculations from Blockware Solutions, the price of 1 BTC could reach $400,000.
• Rich Dad, Poor Dad author Robert Kiyosaki predicts that the price of Bitcoin will surpass $100,000 this year.
• Adam Back Supports Bullish Bitcoin Forecast, Predicts All-Time High Above $100,000

Bitcoin (BTC) Price Prediction by CoinPedia

First of all, we at CoinPedia are optimistic about the rise in the price of Bitcoin.

So, We expect BTC price to reach a high of $120,000 in 2024.

ChatGPT Predicts Bitcoin Price to Surpass $1 Million

Additionally, using the above Bitcoin halving chart, we asked ChatGPT to calculate the potential jump of Bitcoin after the 2024 halving. Using AP and GP, the AI ​​estimates that the price of Bitcoin after the halving will increase by 290% or 4,160% this year.

Rounding the current price of Bitcoin to $65,500, AI predicts that Bitcoin will explode in 2024 after the fourth Bitcoin Halving. According to the arithmetic progression point of view, the price of BTC could reach $255,450. Optimistically, the price of Bitcoin could rise to $2,790,464 per GP

Historical Bitcoin Price Sentiments

Analyzing historical BTC price sentiment is useful for correctly interpreting the indications we encounter when analyzing future price sentiment.

Simply put, optimism and hope around Bitcoin have continued to grow since its launch. And now, with institutions coming together, the fourth Bitcoin halving is a crucial turning point.

Frequent questions

How much is 1 Bitcoin worth?

At the time of publication, 1 BTC was worth $65,509.

Why was Bitcoin halved in value?

The Bitcoin halving causes the amount of mineable Bitcoin to decrease over time, making BTC rarer and increasing its value.

Will the price of Bitcoin rise again?

Bitcoin price will increase as halving approaches.

What is the expected price of Bitcoin in 2024?

The price of Bitcoin in 2024 is expected to range between $35,000 and $120,000, with an average of $77,500.

What is the expected cost of Bitcoin in 2024?

BTC price is expected to reach a high of $120,000 and a potential low of $35,000 in 2024.

How much will 1 Bitcoin be worth in 2025?

According to Coinpedia’s Bitcoin price prediction, 1 BTC could peak at $140,449.

How much will 1 dollar in Bitcoin be worth in 2030?

In 2030, the price of 1 Bitcoin could reach $347,783.

Will BTC go up again?

After the fourth Bitcoin Halving, the BTC price trend has slowly gained bullish momentum. According to historical data, the BTC price is expected to rise again and reach the $100K milestone.

What will Bitcoin be in 10 years?

Projecting a decade-long growth in a volatile asset like Bitcoin seems like a very far-fetched idea. However, the price of BTC is expected to surpass $300,000 by 2030. With global adoption, a single Bitcoin could be worth a million dollars.

If you had invested $100 in the fall of 2020, how much would it be worth now?

The 2020 Bitcoin drop found support at $3850 and started at $10,501. Considering that you bought at the peak, your $100 investment would have increased by 1607%. In short, your investment would be worth $1,701.

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