Bitcoin (BTC) Price Prediction 2023, 2024, 2025, 2030

Bitcoin was brought to the public eye in 2009 by an anonymous developer (or group of developers) using the name ‘Satoshi Nakamoto.’ Even people who have zero interest in the industry have heard its name. This guide will offer you the latest Bitcoin price prediction for 2023, 2024, 2025 and 2030, and its potential prospects as a long-term investment.

Various financial experts have been predicting that the Bitcoin bubble will pop “in the near future” every month without fail for the past eight or so years. And yet, the coin still remains on top, enjoying unimaginably high prices and great attention.

In 2021, Bitcoin’s value grew from $29,374.15 on 1 January to $46,306.45 on 31 December, managing to surpass the $60,000 mark twice, most notably when it reached its all-time high of $68,789.63 on 10 November that year.

However, the crypto industry is rapidly changing, and some crypto enthusiasts are starting to doubt whether Bitcoin (BTC) is still worth investing in. Will Bitcoin go up in the long term, and what is the Bitcoin price prediction for 2023 and beyond?

In this Bitcoin price prediction, we will analyze the current market conditions and trends to provide a detailed price prediction and discuss the possible next target for BTC.

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Before diving into the BTC price prediction and discussing numbers that might get you bored for no reason at all, let’s take a look at this number one cryptocurrency’s basic overview, its fundamentals and price history.

Bitcoin (BTC) Overview

What is Bitcoin?

Bitcoin is the first cryptocurrency that was created back in 2009, which still has the largest market capitalisation in the crypto market as of May 2023. Since its inception, Bitcoin has taken the digital age by a storm and enjoys the title of being the oldest and largest cryptocurrency.

Unlike the traditional financial system, Bitcoin is not controlled by any government or organization, or by individuals. It is a decentralized digital currency that uses blockchain technology to facilitate trustless peer-to-peer (P2P) transactions. BTC has the proof-of-work consensus mechanism, which means it relies on Bitcoin miners to secure its network.

Though this market leader had a tough sail in 2022, the year 2023 has started with a positive note, with BTC gaining nearly 60% from its 2022 year-end price of $16,547.50 since the beginning of the year.

Bitcoin Fundamental Analysis

The emergence of many altcoins in recent years has sparked debates about their superiority over BTC regarding speed and scalability. Ethereum, in particular, is often considered the best coin to invest in due to its innovative use of blockchain technology. Moreover, other networks are transitioning to the more efficient Proof-of-Stake (PoS) consensus algorithm, offering improved scalability and environmental friendliness compared to Bitcoin’s Proof-of-Work (PoW) algorithm.

While Bitcoin’s technology may appear outdated, it continues to achieve significant success and global adoption as a payment method. Two countries are already developing plans to adopt BTC as their official currency, and several small businesses accept it for goods and services. Bitcoin ATMs have also gained popularity, allowing users to buy BTC and other coins using physical kiosks. With over 30,000 Bitcoin ATMs worldwide, this growing adoption and accessibility contribute to Bitcoin’s ongoing development.

The rising popularity and adoption of Bitcoin will likely fuel its future development, potentially leading to new all-time high (ATH) levels on the Bitcoin price chart. Analysts predict that Bitcoin and other cryptocurrencies may follow a separate path from traditional market forces. Bitcoin has been seen as a potential hedge against inflation, tending to perform well during economic downturns.

While 2022 experienced an extended bear market phase, bear markets, like bull markets, are not permanent. The upcoming Bitcoin Halving, scheduled for early 2024, will reduce block rewards. With the growing demand for Bitcoin in various sectors, this event may trigger a new surge in the Bitcoin price.

Bitcoin Price – Technical Analysis

At the time of writing, Bitcoin is trading at $25,993.29 with a market capitalization of $503,887,586,589, making it the 1st largest crypto by that metric. In the past 24 hours, the price of Bitcoin has increased by 0.16% with a trading volume of $11,253,820,602.

Although it witnessed a rise during Tuesday’s morning trade in Asia, it failed to break through the strong resistance level at $26,000.

From a technical perspective, Bitcoin is facing formidable resistance around the $26,180 mark, while finding support near the $25,400 level.

The market is currently in a consolidation phase, with Bitcoin trading within a range of $26,180 as the upper limit and $25,400 as the lower limit.

The next significant move for Bitcoin will depend on a breakout from this range.

Additionally, the 50-day Exponential Moving Average (EMA) acts as a resistance level around $25,900. Bitcoin’s price is fluctuating around this level, indicating a potential struggle between buyers and sellers.

It is worth noting that a descending triangle pattern has formed, characterized by lower lows and lower highs, signaling a bearish sentiment among investors.

If the crucial support level at $25,400 is breached, it could lead to increased selling pressure, potentially pushing the price down to the support levels at $24,950, $24,700, or even $24,400.

Traders and investors should closely monitor Bitcoin’s price action as it interacts with these key levels to gain insights into the market’s direction.

Bitcoin Halving Event

One of the other reasons why experts are bullish on Bitcoin is that, next year, 2024, is a year for Bitcoin’s halving event. The Bitcoin halving event happens every four years in which Bitcoin rewards to its miners are cut in half, (miner’s payout will be reduced to 3.125 BTC). This event is generally viewed as positive for Bitcoin’s price, as halving helps in contracting supply. Historically, halving has been seen as a very good sign for bringing momentum in Bitcoin’s price.

Bitcoin halving history

So, if we closely observe the data, past Bitcoin halving events have been able to establish long-term bullish drivers for Bitcoin’s price. The Bitcoin halving event directly relates to its deflationary tendency and squeezes its supply, which helps the BTC price to rise further. As Bitcoin, being a decentralized cryptocurrency, cannot be printed by governments or any central banks, and thus the total supply of Bitcoin is limited.

Moreover, large investors which are known as “Bitcoin Whales”, have started accumulating BTC once again. According to data from on-chain aggregator Santiment, the large Bitcoin whales are holding between 1,000-10,000 BTC in their wallets, indicating that investors have been filling up their wallets with a lot of BTC, which might show the recovery sign in the price of Bitcoin.

Will Bitcoin Hit $100,000 in 2023?

We all know that Bitcoin has rallied nearly 60% since the start of this year. With such massive and unexpected gains, it has surely outpaced several other major assets and given tremendous returns to those who have bought BTC at dips.

The industry is really excited to witness the new peak of the world’s largest cryptocurrency and hoping for more. Marshall Beard, chief strategy officer at U.S. based cryptocurrency exchange Gemini, believes Bitcoin to break all-time highs this year. He said, “$100,000 price figure is an “interesting number, if bitcoin gets to its previous record high of near $69,000”.

If Bitcoin really touches $100,000, then it has to show an upside of 284% to reach that level.

Paolo Ardoino, chief technology officer at Tether, also has quite an optimistic view on Bitcoin. He said Bitcoin could “retest” its all-time high near $69,000.

Nonetheless, 2023 seems to be a good year for Bitcoin advocates, who always consider it as a “safe-haven investment” or “digital gold” which can offer investors a good hedging opportunity or attractive return in times of mayhem.

Bitcoin, which got a major boost on hopes that the U.S. financial and banking situation can reduce the chances of more aggressive interest rate hikes by the U.S. Federal Reserve.

Will Bitcoin Crash Again in 2023? Bearish View

There are another set of investors, corporates and large institutions who hold an opposite view (bearish) on Bitcoin and firmly believe that Bitcoin might fall in the near future. They considered this year’s rally as a major “bull trap” rather than a “bull run”. Veteran global investor, Mark Mobius, the billionaire founder of Mobius Capital Partners, already predicted a huge fall in 2023 and said that Bitcoin could even fall till the $10,000 range.

Similarly, the same is predicted by another maverick investor, Matthew Sigel, head of digital assets research at VanEck, a global investment manager, sees Bitcoin to drop to $12,000 levels, citing higher energy prices.

Moreover, global bank Standard Chartered’s prediction on Bitcoin is super surprising. They predicted that Bitcoin could fall to $5,000 levels in 2023.

Experts believe that the rising interest rates and tighter monetary policy will not allow Bitcoin to rebound sharply in the near future. As in this kind of uncertain market, investors will not prefer to invest or buy risky assets such as Bitcoin. And, those who have been holding BTC, might sell their positions, creating undue pressure on the markets again.

Overall, there are different views and predictions on Bitcoin, some are bullish and some are bearish. Only time will tell where Bitcoin will head next.

BTC Price Prediction 2023, 2024, 2025, 2030

Now lets’s move on to BTCC’s price prediction for Bitcoin in the coming years.

Detailed below is a brief overview of our Bitcoin price prediction for 2023, 2024, 2025 and 2030, ensuring you have a rough idea of the coin’s value potential:

Bitcoin Price Prediction 2023

The Bitcoin price has maintained a significant upswing since the beginning of the year, but as the volume is very low, the possibility of a trend reversal also emerges. Now that the prices are stuck below $30,000, they may remain consolidated around these levels until the end of the month, and once the bearish sentiments fade a little, bulls may lift the price beyond these levels.

Bitcoin’s price is believed to close the H1 2023 trade within the consolidated range of $27,500 to $28,300. Further, if the market trends change to slightly bullish, the BTC price may certainly achieve $32,000 during the mid-Q3 trade and close around $35,000.

Our Bitcoin price prediction 2023 forecasts that at the very highest, Bitcoin price may go up to $38,495.64 in 2023. The estimated minimum price could be $32,786.67 by the end of the year.

Bitcoin Price Prediction 2024

The next Bitcoin halving event is expected to take place in 2024, cutting the Bitcoin miner’s reward to 3.125 BTC per block. After the fourth halving, 96.875% of the Bitcoin will be mined. The last BTC halving which took place in the year 2020 sky rocked its price by more than 556% within a year’s time.

Top analysts suggest the price cross the mark of over $100,000 after the next event. This brings the Bitcoin price halving into the spotlight and makes the BTC price prediction for 2024 a major concern.

Post-event is expected to cause some disruption and instabilities in the market. The Bitcoin halving is done to maintain the demand for BTC, by reducing the supply in circulation, a scarcity is created, which increases the demand for the coin, thus, increasing its value. This gives more opportunities to investors and traders, as there could be a huge surge in the crypto market.

Wherefore, the price could surge to a maximum of $59,346.79 by the end of 2024 taking the current market pattern into consideration. In contrast, factors like a prolonged bear run could knock the minimum price down to $39,453.57. That being said, the average price of BTC could land at $45,380.98.

Bitcoin Price Prediction 2025

The Bitcoin price chart does not paint a good picture for investors. However, the outlook for this crypto remains highly favourable in the upcoming years. Bitcoin’s appeal to institutional investors remains strong due to its market capitalisation and relatively lower volatility, especially considering its acceptance as an official and widely used payment method in the crypto sphere.

As individuals and businesses gain a deeper understanding of the capabilities of Bitcoin payment, Bitcoin’s position will solidify further, establishing it as the preferred choice for digital payment methods. Therefore, our Bitcoin price prediction 2025 anticipates that the value of this cryptocurrency could reach a possible high of $86,387.11 by the end of 2025.

On the flip side, if the star crypto falls prey to the bears, Bitcoin price might slip down to end the year 2025 at $56,555.59, especially considering criticism coming from the concerns of mining, energy consumption, and regulation, amongst others. Consecutively, factoring in the bullish and bearish targets the average price might land at $67,841.74.

Bitcoin Price Prediction 2030

Now, let’s focus on the long-term price prediction for Bitcoin, specifically the Bitcoin 2030 price chart. As previously highlighted, Bitcoin continues to garner substantial support from the cryptocurrency market and traditional financial sectors. The unparalleled support for Bitcoin sets it apart from other digital currencies, providing a positive outlook for its long-term growth potential.

Real-world use cases, demand dynamics, and speculative activity will likely influence the BTC price. Prominent and reputable cryptocurrency exchanges offer BTC as a tradable asset, ensuring ease of access for new investors. Moreover, platforms like PayPal and Cash App now facilitate Bitcoin investment services, enhancing the accessibility of BTC for investors.

Given the current market conditions with a downtrend, traditional investment avenues no longer hold the same allure as before, prompting many investors to explore the more enticing crypto market. While digital assets tend to exhibit greater volatility compared to most other asset classes, they also possess the potential to generate significantly higher returns. For instance, in 2020 alone, Bitcoin delivered a handsome return of up to 302.8%.

Investment trends will evolve in the coming years, particularly among individuals with limited exposure to investment knowledge, leading to the growing popularity of crypto investments. Based on our analysis, we forecast that the price of Bitcoin in 2030 could at least reach $159,502.98 by that year. The maximum price could be $240,435.60 with an average price of $183,791.14.

What Affects Bitcoin Value the Most?

Bitcoin price is affected by many market factors, including supply and demand. Many price fluctuations in the crypto industry are also led by the high volatility in BTC prices. So, let’s list down the key factors that may impact Bitcoin price.

• Approval of BTC as an official means of payment in various countries.
• Approval of BTC as a financial asset by companies and corporations.
• Legalization of cryptocurrencies at the legislative level in more countries.
• Resolving issues such as high fees and low transaction speed.
• Toughening of the monetary policy of the U.S. Federal Reserve.

Where Can I Buy Bitcoin?

Notable options for purchasing Bitcoin include Binance, BTCC and Coinbase. Among these, BTCC is one of the best exchanges as it witnesses a large trading volume of Bitcoin. Compared to another two big exchanges, BTCC has no regulatory concerns and is available in U.S., Canada and many other countries in Europe. Furthermore, BTCC exchange is highly recommended due to its favourable attributes such as extremely low fees, user-friendly interface, excellent customer support, and robust security measures with no reported hacks or security breaches to date.

Buying BTC on BTCC is simple. Once you’ve created an account, you can choose to purchase BTC with USD and USDT with a maximum leverage up to 100x. The transaction is safe, cheap, and fast with VERY easy steps. You can also choose to deposit BTC with a minimum single deposit of 0.01BTC.

Bitcoin Price Prediction: Conclusion

This article has provided an extensive Bitcoin price prediction spanning from 2023 to subsequent years, encompassing both the medium and long term, mainly focusing on the Bitcoin price prediction for 2025 and 2030. It addresses the purpose of Bitcoin and explores its potential value and new applications.

Bitcoin, which is known for its resilient nature, carries a huge capacity for comebacks. Despite recent underperformance and expectations of continued volatility soon, BTC will maintain its position as the most widely adopted cryptocurrency, laying a strong foundation for investors’ future success.

In closing, please know the forecast figures are generated using our price prediction tool and in that matter, not a guarantee, that the actual price action will follow what we mentioned. Forecasts are not immune to changing circumstances and will be updated with new developments. Always do your own research and evaluate all necessary factors before making any investment.

What are BTCC’s specs?

Sometimes, users feel more comfortable working with an exchange if they know that the exchange has a footprint in the industry. With 12 years of stable and secure operating history, BTCC is one of the top cryptocurrency derivatives exchanges in CoinMarketCap, which boasts a wide selection of 60+ cryptocurrencies and millions of registered users, offering services in 100+ countries.

BTCC charges 0.06% for both takers and makers, which are way below the industry average. According to the largest and most recent empirical study on crypto exchange trading fees, the average spot trading taker fee is 0.2294% and the maker fee is 0.1854%.

With high liquidity, low trading fees and fast transaction speed, BTCC allows users to open a trade immediately even when the crypto markets experience a sharp rise or plunge.

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