Bitcoin, Bitcoin… Is there anything new to say about this cryptocurrency at this point? Even people who have zero interest in the industry have heard its name. As the number one cryptocurrency, it enjoys unimaginably high prices (up to $60K), a lot of attention, and, of course, much scrutiny.
Bitcoin, alongside the rest of the cryptocurrency market, is known for its ability to overcome any challenges and have strong comebacks despite everyone writing it off. 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, and BTC investors enjoy high profits, patiently waiting for yet another meteoric BTC price rise.
However, the crypto industry is rapidly changing, and some crypto enthusiasts are starting to doubt whether Bitcoin is still worth investing in.
Please note that this is our long-term Bitcoin price prediction. This article does not constitute financial advice, and we are not investment advisors.
Bitcoin Overview
| Bitcoin Price | $42,580.18 |
| Bitcoin Price Change 24h | -1.88% |
| Bitcoin Price Change 7d | 6.44% |
| Bitcoin Market cap | $835,166,873,722.64 |
| Bitcoin Circulating Supply | 19,613,981 BTC |
| Bitcoin Trading Volume | $22,254,089,923.99 |
| Bitcoin All time high | $68,789.63 |
| Bitcoin All time low | $0.05 |
| Bitcoin Price Prediction 7d | $34,733 (-20.35) |
| Bitcoin Fear-Greed Index | 61 (Greed) |
| Bitcoin Sentiment | Bullish |
| Bitcoin Volatility | 4.26% |
| Bitcoin Green Days | 15/30 (50%) |
| Bitcoin 50-Day SMA | $42,336 |
| Bitcoin 200-Day SMA | $33,794 |
| Bitcoin 14-Day RSI | 55.04 |
- Our real-time BTC to USD price update shows the current Bitcoin price as $42,559.7 USD.
- According to our Bitcoin price prediction, BTC price is expected to have a -14.69% decrease and drop as low as by February 01, 2024.
- Our analysis of the technical indicators suggests that the current market feeling is Bullish Bearish 16%, with a Fear & Greed Index score of 61 (Greed).
- Over the last 30 days, Bitcoin has had 15/30 (50%) green days and 4.26% price volatility.
Bitcoin (BTC) Technical Overview
When discussing future trading opportunities of digital assets, it is essential to pay attention to market sentiments.
Bitcoin Profit Calculator
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Bitcoin (BTC) Price Prediction For Today, Tomorrow and Next 30 Days
| Date | Price | Change |
|---|---|---|
| January 31, 2024 | $43,850 | 0.56% |
| February 01, 2024 | $41,054 | -5.85% |
| February 02, 2024 | $37,201 | -14.69% |
| February 03, 2024 | $34,224 | -21.52% |
| February 04, 2024 | $34,733 | -20.35% |
| February 05, 2024 | $36,460 | -16.39% |
| February 06, 2024 | $36,494 | -16.31% |
| February 07, 2024 | $35,627 | -18.3% |
| February 08, 2024 | $35,387 | -18.85% |
| February 09, 2024 | $35,778 | -17.95% |
| February 10, 2024 | $36,277 | -16.81% |
| February 11, 2024 | $36,472 | -16.36% |
| February 12, 2024 | $37,666 | -13.62% |
| February 13, 2024 | $39,433 | -9.57% |
| February 14, 2024 | $40,041 | -8.18% |
| February 15, 2024 | $40,829 | -6.37% |
| February 16, 2024 | $41,651 | -4.48% |
| February 17, 2024 | $40,999 | -5.98% |
| February 18, 2024 | $40,757 | -6.53% |
| February 19, 2024 | $40,146 | -7.93% |
| February 20, 2024 | $40,649 | -6.78% |
| February 21, 2024 | $41,422 | -5.01% |
| February 22, 2024 | $42,004 | -3.67% |
| February 23, 2024 | $42,231 | -3.15% |
| February 24, 2024 | $42,506 | -2.52% |
| February 25, 2024 | $41,927 | -3.85% |
| February 26, 2024 | $41,368 | -5.13% |
| February 27, 2024 | $41,024 | -5.92% |
| February 28, 2024 | $40,511 | -7.1% |
| February 29, 2024 | $40,787 | -6.46% |
Bitcoin Prediction Table
| Year | Minimum Price | Average Price | Maximum Price |
|---|---|---|---|
| 2024 | $63,988.57 | $65,711.73 | $72,799.83 |
| 2025 | $95,670.30 | $98,298.77 | $110,661.63 |
| 2026 | $138,886.10 | $142,818.06 | $166,848.31 |
| 2027 | $201,806.86 | $207,519.57 | $235,512.37 |
| 2028 | $291,100.30 | $301,476.28 | $350,443.67 |
| 2029 | $425,996.41 | $438,055.46 | $518,386.72 |
| 2030 | $600,627.81 | $618,150.03 | $734,480.71 |
| 2031 | $890,992.69 | $915,718.69 | $1,071,959.38 |
| 2032 | $1,320,031.82 | $1,356,660.57 | $1,515,594.52 |
| 2033 | $1,955,471.31 | $2,009,737.75 | $2,278,171.58 |
| 2040 | $2,914,119.72 | $3,014,606.61 | $3,115,093.50 |
| 2050 | $3,637,625.30 | $3,818,501.70 | $3,959,183.34 |
Bitcoin Historical
According to the latest data gathered, the current price of Bitcoin is $$42,788.41, and BTC is presently ranked No. 1 in the entire crypto ecosystem. The circulation supply of Bitcoin is $839,253,790,698.21, with a market cap of 19,614,043 BTC.
In the past 24 hours, the crypto has increased by $697.45 in its current value.
For the last 7 days, BTC has been in a good upward trend, thus increasing by 6.98%. Bitcoin has shown very strong potential lately, and this could be a good opportunity to dig right in and invest.
During the last month, the price of BTC has increased by 0.17%, adding a colossal average amount of $72.74 to its current value. This sudden growth means that the coin can become a solid asset now if it continues to grow.
Bitcoin Price Prediction 2024
According to the technical analysis of Bitcoin prices expected in 2024, the minimum cost of Bitcoin will be $$28,380.68. The maximum level that the BTC price can reach is $$36,565.74. The average trading price is expected around $$44,750.79.
BTC Price Forecast for January 2024
Based on the price fluctuations of Bitcoin at the beginning of 2023, crypto experts expect the average BTC rate of $$43,850 in January 2024. Its minimum and maximum prices can be expected at $$43,850 and at $$43,850, respectively.
February 2024: Bitcoin Price Forecast
Cryptocurrency experts are ready to announce their forecast for the BTC price in February 2024. The minimum trading cost might be $$34,224, while the maximum might reach $$42,506 during this month. On average, it is expected that the value of Bitcoin might be around $$38,365.
BTC Price Forecast for March 2024
Crypto analysts have checked the price fluctuations of Bitcoin in 2023 and in previous years, so the average BTC rate they predict might be around $$42,285.63 in March 2024. It can drop to $$40,784.65 as a minimum. The maximum value might be $$43,786.61.
April 2024: Bitcoin Price Forecast
In the middle of the year 2023, the BTC price will be traded at $$41,668.21 on average. April 2024 might also witness an increase in the Bitcoin value to $$43,150.88. It is assumed that the price will not drop lower than $$40,185.54 in April 2024.
BTC Price Forecast for May 2024
Crypto experts have analyzed Bitcoin prices in 2023, so they are ready to provide their estimated trading average for May 2024 — $$41,213.63. The lowest and peak BTC rates might be $$37,676.47 and $$44,750.79.
June 2024: Bitcoin Price Forecast
Crypto analysts expect that at the end of summer 2023, the BTC price will be around $$40,355.33. In June 2024, the Bitcoin cost may drop to a minimum of $$37,415.52. The expected peak value might be $$43,295.13 in June 2024.
BTC Price Forecast for July 2024
Having analyzed Bitcoin prices, cryptocurrency experts expect that the BTC rate might reach a maximum of $$42,852.39 in July 2024. It might, however, drop to $$38,263.58. For July 2024, the forecasted average of Bitcoin is nearly $$40,557.99.
August 2024: Bitcoin Price Forecast
In the middle of autumn 2023, the Bitcoin cost will be traded at the average level of $$36,645.13. Crypto analysts expect that in August 2024, the BTC price might fluctuate between $$32,680.81 and $$40,609.44.
BTC Price Forecast for September 2024
Market experts expect that in September 2024, the Bitcoin value will not drop below a minimum of $$32,103.51. The maximum peak expected this month is $$34,082.94. The estimated average trading value will be at the level of $$33,093.23.
October 2024: Bitcoin Price Forecast
Cryptocurrency experts have carefully analyzed the range of BTC prices throughout 2023. For October 2024, their forecast is the following: the maximum trading value of Bitcoin will be around $$35,632.70, with a possibility of dropping to a minimum of $$32,483.48. In October 2024, the average cost will be $$34,058.09.
BTC Price Forecast for November 2024
Market analysts predict that Bitcoin will not fall below $$30,841.05 in November 2024, with a chance of peaking at $$35,105.54 in the same month. The average trading value is expected to be $$32,973.30.
December 2024: Bitcoin Price Forecast
For those interested in possible BTC price in December 2024, crypto experts have prepared a long-term forecast. According to analysts\’ expectations, the average Bitcoin trading price will fluctuate at the $$31,068.43 level. Maximum and minimum expected prices for this crypto asset are also specified – they may amount to $$33,918.48 and $$28,218.38, respectively.
Bitcoin Price Prediction 2025
After the analysis of the prices of Bitcoin in previous years, it is assumed that in 2025, the minimum price of Bitcoin will be around $$95,679.87. The maximum expected BTC price may be around $$110,672.70. On average, the trading price might be $$98,308.60 in 2025.
| Month | Minimum Price | Average Price | Maximum Price |
|---|---|---|---|
| January 2025 | $33,988.95 | $49,213.94 | $42,741.32 |
| February 2025 | $39,597.21 | $53,677.09 | $48,916.90 |
| March 2025 | $45,205.48 | $58,140.24 | $55,092.48 |
| April 2025 | $50,813.74 | $62,603.39 | $61,268.06 |
| May 2025 | $56,422.01 | $67,066.54 | $67,443.64 |
| June 2025 | $62,030.28 | $71,529.70 | $73,619.22 |
| July 2025 | $67,638.54 | $75,992.85 | $79,794.80 |
| August 2025 | $73,246.81 | $80,456 | $85,970.38 |
| September 2025 | $78,855.07 | $84,919.15 | $92,145.96 |
| October 2025 | $84,463.34 | $89,382.30 | $98,321.54 |
| November 2025 | $90,071.60 | $93,845.45 | $104,497.12 |
| December 2025 | $95,679.87 | $98,308.60 | $110,672.70 |
Bitcoin Price Prediction 2026
Based on the technical analysis by cryptocurrency experts regarding the prices of Bitcoin, in 2026, BTC is expected to have the following minimum and maximum prices: about $$138,899.99 and $$166,865.00, respectively. The average expected trading cost is $$142,832.34.
| Month | Minimum Price | Average Price | Maximum Price |
|---|---|---|---|
| January 2026 | $99,281.55 | $102,018.91 | $115,355.39 |
| February 2026 | $102,883.22 | $105,729.22 | $120,038.08 |
| March 2026 | $106,484.90 | $109,439.54 | $124,720.78 |
| April 2026 | $110,086.58 | $113,149.85 | $129,403.47 |
| May 2026 | $113,688.25 | $116,860.16 | $134,086.16 |
| June 2026 | $117,289.93 | $120,570.47 | $138,768.85 |
| July 2026 | $120,891.61 | $124,280.78 | $143,451.54 |
| August 2026 | $124,493.28 | $127,991.09 | $148,134.23 |
| September 2026 | $128,094.96 | $131,701.41 | $152,816.93 |
| October 2026 | $131,696.64 | $135,411.72 | $157,499.62 |
| November 2026 | $135,298.31 | $139,122.03 | $162,182.31 |
| December 2026 | $138,899.99 | $142,832.34 | $166,865 |
Bitcoin Price Prediction 2027
The experts in the field of cryptocurrency have analyzed the prices of Bitcoin and their fluctuations during the previous years. It is assumed that in 2027, the minimum BTC price might drop to $$201,827.04, while its maximum can reach $$235,535.92. On average, the trading cost will be around $$207,540.32.
| Month | Minimum Price | Average Price | Maximum Price |
|---|---|---|---|
| January 2027 | $144,143.91 | $148,224.67 | $172,587.58 |
| February 2027 | $149,387.83 | $153,617 | $178,310.15 |
| March 2027 | $154,631.75 | $159,009.34 | $184,032.73 |
| April 2027 | $159,875.67 | $164,401.67 | $189,755.31 |
| May 2027 | $165,119.59 | $169,794 | $195,477.88 |
| June 2027 | $170,363.52 | $175,186.33 | $201,200.46 |
| July 2027 | $175,607.44 | $180,578.66 | $206,923.04 |
| August 2027 | $180,851.36 | $185,970.99 | $212,645.61 |
| September 2027 | $186,095.28 | $191,363.33 | $218,368.19 |
| October 2027 | $191,339.20 | $196,755.66 | $224,090.77 |
| November 2027 | $196,583.12 | $202,147.99 | $229,813.34 |
| December 2027 | $201,827.04 | $207,540.32 | $235,535.92 |
Bitcoin Price Prediction 2028
Based on the analysis of the costs of Bitcoin by crypto experts, the following maximum and minimum BTC prices are expected in 2028: $$350,478.72 and $$291,129.41. On average, it will be traded at $$301,506.43.
| Month | Minimum Price | Average Price | Maximum Price |
|---|---|---|---|
| January 2028 | $209,268.90 | $215,370.83 | $245,114.49 |
| February 2028 | $216,710.77 | $223,201.34 | $254,693.05 |
| March 2028 | $224,152.63 | $231,031.85 | $264,271.62 |
| April 2028 | $231,594.50 | $238,862.36 | $273,850.19 |
| May 2028 | $239,036.36 | $246,692.87 | $283,428.75 |
| June 2028 | $246,478.23 | $254,523.38 | $293,007.32 |
| July 2028 | $253,920.09 | $262,353.88 | $302,585.89 |
| August 2028 | $261,361.95 | $270,184.39 | $312,164.45 |
| September 2028 | $268,803.82 | $278,014.90 | $321,743.02 |
| October 2028 | $276,245.68 | $285,845.41 | $331,321.59 |
| November 2028 | $283,687.55 | $293,675.92 | $340,900.15 |
| December 2028 | $291,129.41 | $301,506.43 | $350,478.72 |
Bitcoin Price Prediction 2029
Crypto experts are constantly analyzing the fluctuations of Bitcoin. Based on their predictions, the estimated average BTC price will be around $$438,099.27. It might drop to a minimum of $$426,039.01, but it still might reach $$518,438.56 throughout 2029.
| Month | Minimum Price | Average Price | Maximum Price |
|---|---|---|---|
| January 2029 | $302,371.88 | $312,889.17 | $364,475.37 |
| February 2029 | $313,614.34 | $324,271.90 | $378,472.03 |
| March 2029 | $324,856.81 | $335,654.64 | $392,468.68 |
| April 2029 | $336,099.28 | $347,037.38 | $406,465.33 |
| May 2029 | $347,341.74 | $358,420.11 | $420,461.99 |
| June 2029 | $358,584.21 | $369,802.85 | $434,458.64 |
| July 2029 | $369,826.68 | $381,185.59 | $448,455.29 |
| August 2029 | $381,069.14 | $392,568.32 | $462,451.95 |
| September 2029 | $392,311.61 | $403,951.06 | $476,448.60 |
| October 2029 | $403,554.08 | $415,333.80 | $490,445.25 |
| November 2029 | $414,796.54 | $426,716.53 | $504,441.91 |
| December 2029 | $426,039.01 | $438,099.27 | $518,438.56 |
Bitcoin Price Prediction 2030
Every year, cryptocurrency experts prepare forecasts for the price of Bitcoin. It is estimated that BTC will be traded between $$600,687.88 and $$734,554.17 in 2030. Its average cost is expected at around $$618,211.85 during the year.
| Month | Minimum Price | Average Price | Maximum Price |
|---|---|---|---|
| January 2030 | $440,593.08 | $453,108.65 | $536,448.19 |
| February 2030 | $455,147.16 | $468,118.03 | $554,457.83 |
| March 2030 | $469,701.23 | $483,127.42 | $572,467.46 |
| April 2030 | $484,255.30 | $498,136.80 | $590,477.10 |
| May 2030 | $498,809.37 | $513,146.18 | $608,486.73 |
| June 2030 | $513,363.45 | $528,155.56 | $626,496.37 |
| July 2030 | $527,917.52 | $543,164.94 | $644,506 |
| August 2030 | $542,471.59 | $558,174.32 | $662,515.63 |
| September 2030 | $557,025.66 | $573,183.71 | $680,525.27 |
| October 2030 | $571,579.74 | $588,193.09 | $698,534.90 |
| November 2030 | $586,133.81 | $603,202.47 | $716,544.54 |
| December 2030 | $600,687.88 | $618,211.85 | $734,554.17 |
Bitcoin Price Prediction 2031
Cryptocurrency analysts are ready to announce their estimations of the Bitcoin’s price. The year 2031 will be determined by the maximum BTC price of $$1,072,066.59. However, its rate might drop to around $$891,081.80. So, the expected average trading price is $$915,810.27.
| Month | Minimum Price | Average Price | Maximum Price |
|---|---|---|---|
| January 2031 | $624,887.37 | $643,011.72 | $762,680.21 |
| February 2031 | $649,086.87 | $667,811.59 | $790,806.24 |
| March 2031 | $673,286.36 | $692,611.46 | $818,932.28 |
| April 2031 | $697,485.85 | $717,411.32 | $847,058.31 |
| May 2031 | $721,685.35 | $742,211.19 | $875,184.35 |
| June 2031 | $745,884.84 | $767,011.06 | $903,310.38 |
| July 2031 | $770,084.33 | $791,810.93 | $931,436.42 |
| August 2031 | $794,283.83 | $816,610.80 | $959,562.45 |
| September 2031 | $818,483.32 | $841,410.67 | $987,688.49 |
| October 2031 | $842,682.81 | $866,210.53 | $1,015,814.52 |
| November 2031 | $866,882.31 | $891,010.40 | $1,043,940.56 |
| December 2031 | $891,081.80 | $915,810.27 | $1,072,066.59 |
Bitcoin Price Prediction 2032
After years of analysis of the Bitcoin price, crypto experts are ready to provide their BTC cost estimation for 2032. It will be traded for at least $$1,320,163.84, with the possible maximum peaks at $$1,515,746.09. Therefore, on average, you can expect the BTC price to be around $$1,356,796.25 in 2032.
| Month | Minimum Price | Average Price | Maximum Price |
|---|---|---|---|
| January 2032 | $926,838.64 | $952,559.10 | $1,109,039.88 |
| February 2032 | $962,595.47 | $989,307.93 | $1,146,013.17 |
| March 2032 | $998,352.31 | $1,026,056.77 | $1,182,986.47 |
| April 2032 | $1,034,109.15 | $1,062,805.60 | $1,219,959.76 |
| May 2032 | $1,069,865.98 | $1,099,554.43 | $1,256,933.05 |
| June 2032 | $1,105,622.82 | $1,136,303.26 | $1,293,906.34 |
| July 2032 | $1,141,379.66 | $1,173,052.09 | $1,330,879.63 |
| August 2032 | $1,177,136.49 | $1,209,800.92 | $1,367,852.92 |
| September 2032 | $1,212,893.33 | $1,246,549.76 | $1,404,826.22 |
| October 2032 | $1,248,650.17 | $1,283,298.59 | $1,441,799.51 |
| November 2032 | $1,284,407 | $1,320,047.42 | $1,478,772.80 |
| December 2032 | $1,320,163.84 | $1,356,796.25 | $1,515,746.09 |
Bitcoin Price Prediction 2033
Cryptocurrency analysts are ready to announce their estimations of the Bitcoin’s price. The year 2033 will be determined by the maximum BTC price of $$2,278,399.42. However, its rate might drop to around $$1,955,666.88. So, the expected average trading price is $$2,009,938.74.
| Month | Minimum Price | Average Price | Maximum Price |
|---|---|---|---|
| January 2033 | $1,373,122.43 | $1,411,224.79 | $1,579,300.53 |
| February 2033 | $1,426,081.01 | $1,465,653.33 | $1,642,854.98 |
| March 2033 | $1,479,039.60 | $1,520,081.87 | $1,706,409.42 |
| April 2033 | $1,531,998.19 | $1,574,510.41 | $1,769,963.87 |
| May 2033 | $1,584,956.77 | $1,628,938.95 | $1,833,518.31 |
| June 2033 | $1,637,915.36 | $1,683,367.50 | $1,897,072.76 |
| July 2033 | $1,690,873.95 | $1,737,796.04 | $1,960,627.20 |
| August 2033 | $1,743,832.53 | $1,792,224.58 | $2,024,181.64 |
| September 2033 | $1,796,791.12 | $1,846,653.12 | $2,087,736.09 |
| October 2033 | $1,849,749.71 | $1,901,081.66 | $2,151,290.53 |
| November 2033 | $1,902,708.29 | $1,955,510.20 | $2,214,844.98 |
| December 2033 | $1,955,666.88 | $2,009,938.74 | $2,278,399.42 |
Bitcoin Price Prediction 2040
According to the technical analysis of Bitcoin prices expected in 2040, the minimum cost of Bitcoin will be $$2,914,411.16. The maximum level that the BTC price can reach is $$3,115,405.04. The average trading price is expected around $$3,014,908.10.
| Month | Minimum Price | Average Price | Maximum Price |
|---|---|---|---|
| January 2040 | $2,035,562.24 | $2,093,686.19 | $2,348,149.89 |
| February 2040 | $2,115,457.59 | $2,177,433.63 | $2,417,900.36 |
| March 2040 | $2,195,352.95 | $2,261,181.08 | $2,487,650.83 |
| April 2040 | $2,275,248.31 | $2,344,928.53 | $2,557,401.29 |
| May 2040 | $2,355,143.66 | $2,428,675.97 | $2,627,151.76 |
| June 2040 | $2,435,039.02 | $2,512,423.42 | $2,696,902.23 |
| July 2040 | $2,514,934.38 | $2,596,170.87 | $2,766,652.70 |
| August 2040 | $2,594,829.73 | $2,679,918.31 | $2,836,403.17 |
| September 2040 | $2,674,725.09 | $2,763,665.76 | $2,906,153.64 |
| October 2040 | $2,754,620.45 | $2,847,413.21 | $2,975,904.10 |
| November 2040 | $2,834,515.80 | $2,931,160.65 | $3,045,654.57 |
| December 2040 | $2,914,411.16 | $3,014,908.10 | $3,115,405.04 |
Bitcoin Price Prediction 2050
After the analysis of the prices of Bitcoin in previous years, it is assumed that in 2050, the minimum price of Bitcoin will be around $$3,637,989.10. The maximum expected BTC price may be around $$3,959,579.30. On average, the trading price might be $$3,818,883.59 in 2050.
| Month | Minimum Price | Average Price | Maximum Price |
|---|---|---|---|
| January 2050 | $2,974,709.32 | $3,081,906.06 | $3,185,752.90 |
| February 2050 | $3,035,007.48 | $3,148,904.02 | $3,256,100.75 |
| March 2050 | $3,095,305.65 | $3,215,901.97 | $3,326,448.61 |
| April 2050 | $3,155,603.81 | $3,282,899.93 | $3,396,796.46 |
| May 2050 | $3,215,901.97 | $3,349,897.89 | $3,467,144.32 |
| June 2050 | $3,276,200.13 | $3,416,895.85 | $3,537,492.17 |
| July 2050 | $3,336,498.29 | $3,483,893.80 | $3,607,840.03 |
| August 2050 | $3,396,796.45 | $3,550,891.76 | $3,678,187.88 |
| September 2050 | $3,457,094.62 | $3,617,889.72 | $3,748,535.74 |
| October 2050 | $3,517,392.78 | $3,684,887.68 | $3,818,883.59 |
| November 2050 | $3,577,690.94 | $3,751,885.63 | $3,889,231.45 |
| December 2050 | $3,637,989.10 | $3,818,883.59 | $3,959,579.30 |
According to the latest data gathered, the current price of Bitcoin is $$42,925.99, and BTC is presently ranked No. 1 in the entire crypto ecosystem. The circulation supply of Bitcoin is $841,952,230,426.14, with a market cap of 19,614,043 BTC.
In the past 24 hours, the crypto has increased by $648.18 in its current value.
For the last 7 days, BTC has been in a good upward trend, thus increasing by 7.35%. Bitcoin has shown very strong potential lately, and this could be a good opportunity to dig right in and invest.
During the last month, the price of BTC has increased by 0.55%, adding a colossal average amount of $236.09 to its current value. This sudden growth means that the coin can become a solid asset now if it continues to grow.
| Year | Minimum Price | Average Price | Maximum Price |
|---|---|---|---|
| 2024 | $63,988.57 | $65,711.73 | $72,799.83 |
| 2025 | $95,670.30 | $98,298.77 | $110,661.63 |
| 2026 | $138,886.10 | $142,818.06 | $166,848.31 |
| 2027 | $201,806.86 | $207,519.57 | $235,512.37 |
| 2028 | $291,100.30 | $301,476.28 | $350,443.67 |
| 2029 | $425,996.41 | $438,055.46 | $518,386.72 |
| 2030 | $600,627.81 | $618,150.03 | $734,480.71 |
| 2031 | $890,992.69 | $915,718.69 | $1,071,959.38 |
| 2032 | $1,320,031.82 | $1,356,660.57 | $1,515,594.52 |
| 2033 | $1,955,471.31 | $2,009,737.75 | $2,278,171.58 |
| 2040 | $2,914,119.72 | $3,014,606.61 | $3,115,093.50 |
| 2050 | $3,637,625.30 | $3,818,501.70 | $3,959,183.34 |
What Is Bitcoin (BTC)?
Bitcoin is the first cryptocurrency that was created back in 2009. It is a decentralized digital currency that uses blockchain technology to facilitate trustless peer-to-peer transactions. BTC has the proof-of-work consensus mechanism, which means it relies on Bitcoin miners to secure its network.
In recent years, Bitcoin has been one of the most popular assets for investment: not only can it be extremely profitable due to the high volatility of the cryptocurrency market, but it is also very easy to invest in. All one needs to get Bitcoin is an Internet connection.
What Affects the Value of Bitcoin?
There are a lot of different factors that can affect the price of Bitcoin. Unlike most altcoins, its price movements do not depend as heavily on the rest of the crypto market and usually ends up being the one to set the trend. However, BTC is still responsive to the general factors that affect all markets like rising interest rates or huge crypto news, especially ones that either concern the industry as a whole or other big coins like Ethereum or Shiba Inu.
Bitcoin’s price also gets affected by non-crypto news — a great example of that would be its price action in the spring of 2020. That’s why you should keep an eye on stock forecasts if you want to have a better understanding of the current Bitcoin price. Another news sector that those who invested in Bitcoin or are planning to do so should look out for is ecology.
Just like any other asset, Bitcoin gets affected by news related to it, be it about Bitcoin itself, crypto exchanges, or blockchain technology. Crypto prices usually go up when there is a piece of news related to mass adoption, new technological breakthroughs, and so on. On the other hand, any uncertainty can cause its value to plummet.
Source: zipmex.com
History of Bitcoin
Bitcoin’s price history is known to most crypto enthusiasts. From being ultimately nearly worthless, this coin has grown to become one of the biggest assets in the world. At its height, Bitcoin’s market cap was even higher than that of several established businesses.
Let’s take a brief look at the Bitcoin price chart.
Upon looking at this chart, one thing that immediately becomes apparent is that Bitcoin’s price cycles keep on shortening. Additionally, despite the coin regularly losing value, the average value of Bitcoin keeps increasing. This shows a positive trend for the future.
“Will Bitcoin go back up?” is an evergreen question in the crypto market. The truth is, no matter how hard we study BTC price history and trends, we would not be able to predict this accurately. However, we can still consider these factors as well as today’s Bitcoin news to make a tentative prediction.
Bitcoin’s crypto market cap is still the highest in the industry, and it still has the most recognition. Its circulating supply is slowly approaching its total supply but there’s still a long way to go till we reach a point where there will be no new Bitcoins released.
Overall, Bitcoin price history shows us that there’s still room for this asset to grow even if there is a bear market.
Please note that this does not constitute investment advice.
Will Bitcoin Go Back Up?
The future trajectory of Bitcoin’s price, influenced by various macroeconomic factors and key events, is a subject of widespread interest in the cryptocurrency industry.
The anticipated reduction in interest rates by the US Federal Reserve is expected to ease pressure on the cryptocurrency market, potentially fostering widespread adoption of Bitcoin. Additionally, prospective legislation in the US aiming for clearer crypto investment regulations might reduce investor uncertainty. This, coupled with Bitcoin’s current status as a regulated commodity in the US, could encourage institutional adoption, attracting new investors to the cryptocurrency.
Another significant event is the Bitcoin block reward halving scheduled for 2024, historically associated with a surge in Bitcoin’s price and indicative of bullish momentum. This event is eagerly awaited, as it has previously signaled the start of a bullish market trend. Bitcoin’s robust performance, highlighted by a record-breaking transaction volume and a strong hash rate, has further reinforced investor confidence and positively impacted its market value.
Despite these positive developments, the long-term viability of the crypto market faces scrutiny. The increasing introduction of crypto-related products and services contrasts with the skepticism of experts, driven by stringent global regulations and public apprehension about new technologies, often attributed to misunderstanding or fear.
Bitcoin is a digital currency, straightforward and unambiguous in its essence. However, its slow adaptability and reliance on an environmentally unfriendly proof-of-work (PoW) consensus algorithm could challenge its attractiveness as an investment compared to more diverse cryptocurrency ecosystems.
In light of these dynamics, the question remains: Can Bitcoin recover and reclaim its previous highs? Its history of resilience suggests the potential for rebound. All that said, we stand with the analysts who believe in the nearing rise of BTC. Now, let’s take a look at what numbers BTC is predicted to hit in a short time.
Bitcoin Price Predictions by Experts
The approval of the Bitcoin exchange-traded fund (ETF) marks an important milestone in mainstreaming Bitcoin investments, potentially expanding its investor base, especially among institutions. Despite Bitcoin trading below $45,000 post-approval, investor sentiment is generally bullish, suggesting an optimistic outlook for future price increases.
Anthony Scaramucci of SkyBridge Capital predicts a $100,000 peak within a year, drawing parallels to the 2004 spot gold ETF approval and highlighting the historical price action of such assets. Technopedia forecasts a high of $98,000 in 2024, with an early low of around $21,500 and an average of $65,000, indicating potential price appreciation.
MicroStrategy’s Michael Saylor anticipates a “supply shock” from the Bitcoin halving, reducing miner-available BTC, which could fuel bullish price action. Tim Draper of Draper Associates speculates about a rise to $250,000 by July. Figures like Marshall Beard of Gemini and Paolo Ardoino of Tether expect a retest of the $69,000 high.
Tom Lee of Fundstrat Global Advisors sees a potential rise to $150,000 short-term, with long-term potential at $500,000, influenced by changing monetary policy and market dynamics. Ark Invest’s Cathie Wood has an even more ambitious projection of $600,000 in her base case and $1.5 million by 2030 in her bull case, reflecting a strong belief in Bitcoin’s potential for much growth.
Digital Coin Price predicts a gradual increase to nearly $140K in three years, with an average price of $90,733 in 2024, $99,421.76 in 2025, and $153,537.15 in 2026.
However, more conservative forecasts, like Wallet Investor, suggest a potential drop to $10,000, demonstrating the diversity of opinions in the market.
These bullish predictions are underpinned by Bitcoin’s finite supply and independence from external economic factors. Its growing acceptance and technological advancements, despite the evolving regulatory landscapes, bolster its investment appeal.
The Bearish Scenario
At the time of writing, the cryptocurrency industry largely maintains a positive view on Bitcoin, making it challenging to find notable bearish projections. However, two primary concerns could negatively influence Bitcoin’s price.
Firstly, Bitcoin’s substantial energy consumption continues to draw criticism, posing a potential threat to its market value. Secondly, the evolving regulatory landscape, particularly concerning anti-money laundering (AML) and Know Your Customer (KYC) laws, presents significant challenges that trouble investors.
If Bitcoin’s price crashes, then the values of other cryptocurrencies are likely to follow suit.
Is Bitcoin a Good Investment?
No matter if it’s in a down- or uptrend, Bitcoin is almost always predicted to keep rising in the future. So, it can be a good investment. However, please DYOR and carefully consider the risks before investing in BTC or any other cryptocurrency.
Our Bitcoin price prediction is rather conservative and does not take into account any random media hype or unexpected regulations that may happen in the near future — these factors are too unpredictable. However, if you’re considering investing in Bitcoin, you need to make sure you’re ready for its price to fluctuate wildly.
Bitcoin is less risky than other cryptocurrencies, but it is still fairly unstable and unpredictable in comparison to traditional investment avenues like the stock market.
Bitcoin vs Fiat Currencies
Compared to cryptocurrencies, fiat currencies are a comparatively low-risk investment, especially ones like the US dollar. However, they can still definitely be considered risky assets.
Institutional investors have tentatively started putting their trust in Bitcoin and other cryptocurrencies. Nevertheless, digital assets definitely do not have the same relevancy as fiat money like the euro or the US dollar — at least, not yet.
Bitcoin is a higher risk, higher reward investment alternative to fiat money and other asset classes that gains additional value if you believe in its worth as a currency of the future.
Is it too late to buy Bitcoin?
History shows that it’s never too late to buy Bitcoin. The Bitcoin price today is still lower than its ATH, which means it may rise and go for a full-scale bull run again in the future.
FAQ
Is Bitcoin a good investment?
The forecast for Bitcoin price is quite positive. It is expected that BTC price might meet a bull trend in the nearest future. We kindly remind you to always do your own research before investing in any asset.
Can Bitcoin rise?
In a five-year plan perspective, the cryptocurrency could probably rise up to $143,779.60. Due to price fluctuations on the market, please always do your research before investing money in any project, network, asset, etc.
How much will Bitcoin be worth 2023?
BTC minimum and maximum prices might hit $33,016.25 and $39,784.65 accordingly.
How much will Bitcoin be worth 2025?
The Bitcoin network is developing rapidly. BTC price forecast for 2025 is rather positive. The BTC average price is expected to reach minimum and maximum prices of $67,625.22 and $83,868.30 respectively.
How much will Bitcoin be worth 2030?
BTC is provided with suitable environment to reach new heights in terms of price. BTC price prediction is quite positive. Business analysts predict that BTC might reach the maximum price of $505,014.84 by 2030.
Will Bitcoin ever hit $100K?
Considering the fact that Bitcoin’s price has already doubled its value several times in the past, it is possible. However, it would require another market-wide price surge and at least one trip to the moon.
Will Bitcoin go back down to $10K?
It is possible. After all, the cryptocurrency market is incredibly volatile, and the question of crypto regulation remains uncertain.
Is Bitcoin a good investment in 2023?
Whether Bitcoin is a good investment or not depends on your portfolio and risk appetite. It is still going strong, and despite all the online doomposting coming from various stock market experts, the crypto market “bubble” still hasn’t popped. If it fits into your portfolio, and you believe in it as an asset, Bitcoin can indeed be a good investment in 2023.
How high can Bitcoin go in 10 years?
In 10 years, Bitcoin can reach $100K or even hit $200K. As long as there are no threats to it in terms of competition and regulation, its finite supply and growing popularity should ensure that it keeps on reaching new price highs.
Why can there only ever be 21 million Bitcoins?
The simple answer to this question is “because it was designed that way.” Well, but why can’t this limit be extended? Among other things, BTC’s finite supply acts as a deflationary measure and is one of the reasons why Bitcoin’s price is as high as it is. As for why this exact figure was chosen, there are a few theories about it. One states that it’s because the total value of all physical money in the world when BTC was developed was equal to $21 trillion. As a result, if Bitcoin had been then to completely replace fiat, 1 BTC would have been worth $1M, and one satoshi — $0.01.
Is Bitcoin a safe long-term investment?
Bitcoin is a relatively safe investment compared to other cryptocurrencies. However, it is still a high-risk, high-reward type of asset and should not be seen as a reliable long-term store of value.
What happened to Bitcoin’s price?
Bitcoin hasn’t been able to reach its previous highs lately, but it might be slowly starting to bounce back.
Disclaimer: Please note that the contents of this article are not financial or investing advice. The information provided in this article is the author’s opinion only and should not be considered as offering trading or investing recommendations. We do not make any warranties about the completeness, reliability and accuracy of this information. The cryptocurrency market suffers from high volatility and occasional arbitrary movements. Any investor, trader, or regular crypto users should research multiple viewpoints and be familiar with all local regulations before committing to an investment.
