Bitcoin Price Prediction: When Will Bitcoin Reach Six Figures?
An up-to-date Bitcoin price prediction for 2022, 2023, 2024, 2025, 2030. Wondering what is the future of BTC price? Find out Bitcoin price forecast with historical, fundamental and technical analysis.
Cryptocurrency price predictions: find up-to-date long-term crypto forecasts, historical price analysis and future value for coins and tokens on one page! SwapSpace gathered crypto projections for 2021, 2023 and 2025 with all the necessary graphs for deep dive into easy and profitable investments.
Bitcoin is the world’s first digital currency in the world. Before Bitcoin, there was no such currency. It is not tied to anything and its price is regulated by market supply and demand. Bitcoin is a worldwide payment system through which transactions can be conducted. Its main feature is that the Bitcoin system does not have a control center and all operations take place in a network by equal customers. Bitcoins aren’t printed like dollars — they are issued by the participants of the system all over the world, who use freely available software to solve complex mathematical problems.
Bitcoin Live Price Chart
As the first and the oldest cryptocurrency on the market, Bitcoin has already seen some rises and falls in price. Its last bull run has started in May 2020 and was triggered by the Bitcoin halving, which is the procedure of cutting the reward for mining in half. Previous to thar, Bitcoin was trading at around $9000, but by late July it broke $10000 barrier. However, it really took off by winter 2020, reaching around $30000 by the time 2021 rolled around. Several factors may have contributed to the Bitcoin’s price growth, such as the increasing accessibility of the crypto trading tools and resources, as well as the influx of new retail investors (many of whom entered the market with their COVID-19 stimulus checks).
The beginning of 2021 saw Bitcoin continuing its seemingly unstoppable bull run, as the institutional investors took note. It reached an all-time high of $64,863.10 on April 14. In mid-May, however, the price fell sharply amid China’s crackdown on miners and Elon Musk’s comments on mining process’ energy expenditure. Since the beginning of the summer, Bitcoin was mostly trading in the corridor between $30000 and $40000. Whether this is going to turn into a true bear market remains to be seen.
Despite the fact that 100% accurate technical analysis for Bitcoin cryptocurrency is hardly possible, on this advanced technical analysis tool by TradingView you can see the real-time aggregated BTC buy-and-sell rating for selected timeframe. The summary for BTC/USD is based on the most popular technical indicators — Moving Averages, Oscillators and Pivots.
Below we have collected the most reliable price projections for Bitcoin (BTC) from popular forecast platforms.
Bitcoin Price Prediction for 2022
As of Bitcoin price predictions for the rest of 2022, there are divergent opinions. PricePrediction.net expects an upturn towards $38288.89, and WalletInvestor echoes with ~$50563.5 by the year’s end. Other experts, for example, from TradingBeast, are more pessimistic about Bitcoin’s future price, citing numbers downwards of $29263.878 in December.
In their Bitcoin price predictions for 2023, PricePrediction.net’s forecasts the coin’s price to go above $54570.32 by December. Forecasting Bitcoin's future, WalletInvestor expects further growth, too, saying the Bitcoin price will reach ~$70182 by that time. On the contrary, TradingBeast keeps predicting Bitcoin price decline, quoting prices around ~$24547.84 in 2023.
The experts are unanimous in their Bitcoin price forecasts for 2024 — everybody expects Bitcoin’s price to grow by the end of that year. TradingBeast predicts the price growth reaching $30748.916. According to WalletInvestor’s research, Bitcoin’s price can go up to $91556.4. PricePrediction.net’s forecast is also positive: its analysts hold the view that by 2024 Bitcoin’s price will be about $81632.25.
Both TradingBeast and PricePrediction.net predict the Bitcoin market to grow in 2025, resulting in $41561.341 and $124520.58 by the end of the year respectively. Other Bitcoin price forecasts support the idea: WalletInvestor forecasts Bitcoin to reach $111058 by December 2025.
Most experts are expecting an encouraging future for Bitcoin: long-term Bitcoin price predictions promise significant growth by 2030. TradingBeast predicts the price to reach $54029.7433, while WalletInvestor goes for $161034.1. PricePrediction.net also puts big hopes on Bitcoin in the long term: its Bitcoin prediction for 2030 is $798474.46.
As it can be clear from the analysis cited above, Bitcoin (BTC) projections are rather contradictory. There is no universal consensus either about positive or negative future BTC price movements. Indeed, the future possible growth depends on various factors: announcements, new technological solutions of the Bitcoin projects, the crypto environment in general, legal position, and so on. We kindly remind you that before investing in any cryptocurrency, it is essential to do your own research (DYOR).
This article should not be considered as offering trading recommendations. The cryptocurrency market suffers from high volatility and occasional arbitrary movements. Any investor should research multiple viewpoints and be familiar with all local regulations before committing to an investment.
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