[ad_1]
Story Highlights
Bitcoin price today is 69,884,0478 If Bitcoin sustains above $40K, 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.
As the BTC price attempts a bullish comeback to surpass the psychological mark of $70,000, the crypto market is preparing for a comeback. With Bitcoin making waves below $70,000, the underlying sentiments are taking a bullish shift.
With Bitcoin gradually gaining momentum after a bearish month despite the Halving event, the oldest crypto is under pressure. As Bitcoin overcomes the pullback phase, expectations for $100K resurface in the market.
With the markets filled with high hopes, questions arise, such as: “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.
Overview
Bitcoin Price Prediction June 2024
With the 3.16% crash as the FOMC meeting approaches, the BTC price is testing the 50D EMA and breaking below the $68,000 mark. Currently, the largest crypto is trading at $67,508, revealing a broken support trend line of the recovery rally.
Furthermore, the BTC price action reveals the sellers undermining the inverse head and shoulders pattern in the daily chart. Even the MACD and signal line are emerging in bearish alignment with the overnight decline in Bitcoin.
If the bullish dominance fails to pull the market price back from the dynamic 50D EMA, the downside may extend to test $60,760 this month. However, a bullish reversal could re-challenge the overhead resistance trend line and reclaim the $70,000 mark.
Also read: What is Bitcoin? An in-depth guide to the king of digital currencies
Derivatives Analysis
In the past week, long position traders dominated, with funding rates at 0.01493545.
Open interest has risen 0.88% over the past seven days, indicating increased market activity and volatility, supporting the current price trend. Notably, $6.684 million in short positions were liquidated in the last 24 hours, compared to $5.857 million in long positions.
Bitcoin Price Prediction 2024
With a bull run for most of Q1 and Q2 of 2024, the buyers are confidently taking bullish positions in Bitcoin. As the uptrend makes a high of $72,000 and maintains dominance above $60,000, the bull run could gain momentum.
With the rising hopes for interest rate cuts in the US market, BTC’s price uptrend will strengthen. 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. The average price is also 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. The average price is expected to be $222,096, indicating a significant increase 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 high, ranging between $277,751 and $347,783. Finally, the average cost is expected to be $312,767.
Bitcoin Market Price Prediction: Analyst and Influencer’s BTC Price Prediction
According to the speculations of Blockware Solutions, the price of 1 BTC can reach $400,000. The author of Rich Dad, Poor Dad, Robert Kiyosaki, speculates that the Bitcoin price will exceed $100,000 this year. Adam Back supports the bullish forecast of Bitcoin and expects an all-time high above $100,000.
CoinPedia’s Bitcoin (BTC) Price Prediction
First, at CoinPedia we feel optimistic about Bitcoin’s price increase.
Therefore, we expect the BTC price to create a 2024 high of $120,000.
ChatGPT predicts that Bitcoin 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 AP and GP, the AI estimates the post-halving Bitcoin price to jump 290% or 4,160% this year.
Rounding the current Bitcoin price to $65,500, AI predicts that Bitcoin will yield in 2024 after the fourth Bitcoin Halving. According to the point of view of arithmetic progress, the price of BTC can reach $255,450. Optimistically, the Bitcoin price could scale to $2,790,464 per GP
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 as an important turning point.
Frequently Asked Questions
At the time of publication, the price of 1 BTC was $65,509.
Bitcoin halving ensures that the amount of minable Bitcoin decreases over time, making BTC rarer and increasing its value.
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.
According to Coinpedia’s Bitcoin Price Forecast, the price of 1 BTC could peak at $140,449.
In 2030, the price of 1 Bitcoin may reach a height of $347,783.
After the fourth Bitcoin Halving, the BTC price trend slowly gained bullish momentum. According to the historical records, the BTC price is expected to rise again and reach the $100K mark.
Projecting a 10-year growth in a volatile asset like Bitcoin seems like an outdated idea. However, the BTC price is expected to exceed $300,000 by 2030. With global adoption, a single Bitcoin could be worth a million dollars.
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 1607%. In short, your investment will be worth $1,701.
BTC BINANCE
[ad_2]
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!
UnCirculars – Cutting through the noise, delivering unbiased crypto news
