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Bitcoin price today is 44,546.7471 If Bitcoin sustains above $40,000, the BTC price forecast for 2024 predicts it will reach $120,000. The Bitcoin price forecast for 2030 predicts a meteoric recovery in BTC price to reach $347,783.
With Blackrock’s Bitcoin ETF coming in as the second largest ETF with $2 billion worth of Bitcoin, the market response improved over the period. Furthermore, as Bitcoin crosses the $43K mark, the month of February is setting the stage for a bull run in BTC price.
Months before the Bitcoin halving event, the buyers are finally gaining momentum with the goal of crossing $50K. Moreover, the future of Bitcoin looks promising in the coming months of 2024 with the overall market recovery.
In the longer term, catalysts such as the fourth Bitcoin halving, an event known for initiating bull runs and potential rate cuts, will fuel the Bitcoin rally.
With the markets filled with high hopes, questions like, “Is Bitcoin ready to hit 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 clear such doubts.
Also Read: How Will Bitcoin Halving 2024 Affect BTC Price?
Overview
4.05% Bitcoin Price Prediction February-2024
With two consecutive bearish candles, the BTC price is testing the $42K breakout and the 50-day EMA. However, the increasing volumes support the bullish reversal and indicate a successful retest to tease an upward rally from the crucial $42K mark.
Source – Tradingview
With a long tail bullish candle and the reversal in the market sentiments, the BTC price trend projects a recovery phase possibility. As of now, Bitcoin is trading at $43,145, finding an intraday gain of 0.17% after last night’s 1.21% jump.
A pullback below the $40,000 level could result in a quick drop to the 38.20% Fibonacci level at the $35,000 mark.
Optimistically, a bullish reversal could lead to a new attempt for a breakout rally past the $50,000 mark.
Also read: What is Bitcoin? An in-depth guide to the king of digital currencies
Bitcoin Price Prediction 2024
The high spirit surrounding the Bitcoin Spot ETF approvals is kicking in for the BTC price to spark a bull run. The uptrend continues with the streak of 5 monthly bullsih candles and is poised to challenge the overhead resistance at $50K. Additionally, the halving year has always been a bullish year in Bitcoin history, leading to a bull run in the following year.
Adding bullishness at lower levels, Tether adds 8,888 Bitcoin (BTC) to their holdings for $380 million.
Furthermore, the rising hope for the interest rate cuts in the US market will strengthen the upward trend in BTC price. Therefore, 2024 is widely 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 introduction 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 possibly be $95,903.
Bitcoin Price Prediction 2026
First, according to Bitcoin Price Prediction 2026, the BTC price range in 2026 is expected to be between $82,522 and $155,284. Additionally, the average price is projected at $115,569.
BTC Price Prediction 2027
Next, according to BTC price prediction for 2027, the Bitcoin price range could be between $152,837 and $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, showing continued positive momentum.
BTC Price Prediction 2029
After that, according to BTC price prediction 2029, the BTC price will fluctuate between $204,634 and $239,559. Significantly, the average price is expected to be $222,096, indicating a significant increase in Bitcoin’s value.
Bitcoin Price Prediction 2030
Finally, by 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. Finally, the average price is expected to be $312,767.
Bitcoin Market Price Prediction: Analyst and Influencer’s BTC Price Prediction
Blockware Solutions predicts Bitcoin post-halving price to reach $400,000. Tommy Lee, head of research at Fundstrat, predicts that Bitcoin will rise between $250,000 and $500,000. Robert Kiyosaki predicts that the Bitcoin price will reach $120,000 in 2024. Blockstream CEO Adam Back predicts that Bitcoin will peak above $100,000 in 2024.
Bitcoin Halving Prediction
First, the Bitcoin ‘halving’ just happened, an event that happens roughly every four years. Essentially, Bitcoin miners’ reward for validating transactions is cut in half. As a result, this limits the number of new Bitcoins in circulation, which usually causes a price increase. According to data, the price is rising after previous halvings. Therefore, let’s watch this space.
CoinPedia’s Bitcoin (BTC) Price Prediction
First, at CoinPedia, we feel optimistic about Bitcoin’s rising price. Notably, one big reason is the upcoming Bitcoin “halving” event. In simple terms, every four years the number of new Bitcoins entering the market is cut in half. As a result, it usually increases the price because there is less supply.
Furthermore, big shots like Uber CEO Dara Khosrowshahi remain bullish on crypto and indicate that the company is ready to accept Bitcoin as a payment option in the future.
Therefore, we expect the BTC price to create a new 2024 high of $120,000 by 2024.
ChatGPT predicts that Bitcoin post-halving price will exceed $1 million
Furthermore, using the above Bitcoin Halving table, we asked ChatGPT to calculate the potential jump in Bitcoin after the 2024 halving. Using arithmetic and geometric progression, respectively, ChatGPT calculates the Bitcoin price prediction for 2024 post-halving to be a jump of 290% and 4,160%.
Rounding the current Bitcoin price to $26,000, first, the calculations show that the post-halving Bitcoin will skyrocket drastically. Specifically, with reaching $101,400 through AP and $1,107,808 through GP, Bitcoin is set to create a new high in 2024.
Many influencers and Bitcoin maximalists predict that the BTC price will reach $1 million, but the chances of them using GP are less, but not zero.
Bitcoin Historical Price Sentiments 2008 – 2024
Analyzing the historical price sentiment of BTC is suitable to correctly interpret the indications we come across while analyzing its future price sentiment.
In a nutshell, the optimism and hope surrounding Bitcoin has continued to grow since its launch. And now, with the institutions coming together with the 4th Bitcoin halving around the corner, is an important turning point. The coming years for BTC are marked in green as Bitcoin adoption grows like wildfire in a fiat world.
Frequently Asked Questions
The Bitcoin halving happens once every four years or every 210,000 blocks. The next Bitcoin halving will happen in April 2024.
Over the last 24 hours, BTC saw a change of 0.69%, touching a high of $30,630 and a low of $30,259.
At the time of publication, the price of 1 BTC was $30,604.
Bitcoin halving ensures that the amount of bitcoin we can mine decreases with each block, making bitcoin rarer and ultimately more valuable.
Bitcoin price will increase with the Bitcoin halving approaching.
The projected price of Bitcoin in 2024 will range between $35,000 and $120,000, with an average of $77,500.
For 2024, the BTC price will have a projected high of $120,000 and a potential low of $35,000.
In 2025, the projected peak for Bitcoin is $110,449, with a low of $61,357 and an average price of $85,903.
The 2020 decline 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 will be worth $219.
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.
Bitcoin maximalists like Michael Saylor expect Bitcoin to reach the $1,000,000 mark by 2030. Investors can expect the Bitcoin price to surpass the $300,000 mark.
BTC BINANCE
Disclaimer for Uncirculars, with a Touch of Personality:
While we love diving into the exciting world of crypto here at Uncirculars, remember that this post, and all our content, is purely for your information and exploration. Think of it as your crypto compass, pointing you in the right direction to do your own research and make informed decisions.
No legal, tax, investment, or financial advice should be inferred from these pixels. We’re not fortune tellers or stockbrokers, just passionate crypto enthusiasts sharing our knowledge.
And just like that rollercoaster ride in your favorite DeFi protocol, past performance isn’t a guarantee of future thrills. The value of crypto assets can be as unpredictable as a moon landing, so buckle up and do your due diligence before taking the plunge.
Ultimately, any crypto adventure you embark on is yours alone. We’re just happy to be your crypto companion, cheering you on from the sidelines (and maybe sharing some snacks along the way). So research, explore, and remember, with a little knowledge and a lot of curiosity, you can navigate the crypto cosmos like a pro!
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