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Bitcoin Price Prediction: When Will Bitcoin Reach Six Figures?

An up-to-date Bitcoin price prediction for 2021, 2023, 2025. Wondering what is the future of BTC price? Find out Bitcoin price forecast with historical, fundamental and technical analysis.
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Bitcoin Fundamental Analysis

Project name
Bitcoin
Stock Symbol
BTC
Curr. Price
60423.02
Curr. Supply/Total Supply
18822156
ROI Since Launch
No Data
Launch Date
2009-01-03
Official Website

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.

Bitcoin Technical Analysis

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.

Bitcoin Price Prediction

Below we have collected the most reliable price projections for Bitcoin (BTC) from popular forecast platforms.

#1. WalletInvestor BTC Price Prediction for 2021, 2023, 2025

According to WalletInvestor, Bitcoin price will grow from $60423.02 to $91812.00 in one year. That makes BTC an awesome investment. The long-term earning potential is 51.95%. Predicted price for the end of 2026 is $209917.

#2. TradingBeasts BTC Price Prediction for 2022

Answering the question about if Bitcoin is a good investment, TradingBeasts say a resounding no. In the 2021 perspective, this coin price is predicted to reach $55,033.966 with a reduction to $53,962.715 by the end of 2022.

#3. DigitalCoin BTC Price Forecast for 2021, 2022, 2023, 2025

In DigitalCoin analysis, the price of Bitcoin cryptocurrency will rise in the next 5 years starting from $61107.1330465 as of today’s price to $219026.729617. It will go up to $103488.7581761 by 2022 and continue its growth in 2023-2024. Based on this forecast, Bitcoin is a profitable long-term investment.

#4. LongForecast BTC Price prediction for 2021-2022

In 2021, the average Bitcoin price will go up to $61882.5. In 2022, Bitcoin’s price will rise significantly to an average of $82633.4166667.
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Summary

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).
Disclaimer: 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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