BTC Price Predictions 2024-2033
How much is Bitcoin (BTC) worth?
Today, the price of Bitcoin stands at $66,290, with a trading volume over the past 24 hours reaching $24 billion. Its market capitalization is $1.3 trillion, and it currently commands 54% of the market share. Over the last 24 hours, the BTC price has experienced a 1.4% decrease. As for its circulating supply, 19.46 million BTC are in circulation out of a maximum possible supply of 21 million BTC.
Bitcoin price analysis: BTC price surges toward $67K but faces bearish pressure
TL; DR Breakdown
- BTC price analysis shows that Bitcoin faced a bearish pattern as the price surged toward $64K
- Resistance for BTC is present at $70,997
- Support for BTC/USD is present at $64,966
The BTC price analysis for 22 March confirms that bulls sparked a solid buying pressure as BTC price plunged sellers’ confidence by heading toward the $67K mark. However, BTC price prepares for a short-term correction in the coming hours.
BTC price analysis 1-day chart: Bitcoin price faces bearish pressure near $67K
Analyzing the daily price chart of Bitcoin, BTC’s price is witnessing a robust buying pressure as the price continued to surge above immediate Fib channels and headed toward the $67K level. However, the price is now facing a bearish correction near that level. The 24-hour volume has surged to $26 million, showing an increased interest in trading activity today. BTC price is currently trading at $66,290, decreasing by over 1.4% in the last 24 hours.
The RSI-14 trend line has declined from its previous level and currently trades near the midline at level 53, hinting that a correction is on the edge. The SMA-14 level suggests volatility in the next few hours.
BTC/USD 4-hour price chart: Bulls aim for a correction above moving averages
The 4-hour Bitcoin price chart suggests that bears are strengthening their position as they are aiming to send the price below the Fib lines. However, bulls are holding buying confidence and are aiming to defend a decline by sending the price above the EMA20 trend line.
The BoP indicator is trading in a positive region at 0.33, showing that short-term sellers are taking a chance to accelerate an upward trend.
Additionally, the MACD trend line has formed bullish candles above the signal line and the indicator aims for a positive momentum, strengthening long-position holders’ confidence.
What to expect from BTC price analysis next?
The hourly price chart confirms that Bitcoin attempts to drop below the immediate support line; however, bulls are eyeing for further recovery rally in the upcoming hours. If BTC’s price successfully holds its momentum above $70,977, it will fuel a bullish rally to $74,117.
If bulls fail to initiate a surge, BTC price may drop below the immediate support line at $64,966, which may begin a bearish trend to $61,287.
Is Bitcoin A Good Investment?
Bitcoin has historically presented the opportunity for significant returns due to its decentralized nature. Bitcoin also holds the potential to act as an asset that does not correlate with the broader market trends, akin to gold. This characteristic suggests that it could move independently of other assets such as stocks. Additionally, the recent launch of spot Bitcoin ETFs has made it a good investment option with bright market potential.
Recent BTC News/Opinions
Spot ETF Outflow: ETFs linked to Bitcoin saw $742 million withdrawn in three days, reflecting a shift from its peak demand. Despite this, they’ve attracted $11.4 billion since launch, with the Grayscale Bitcoin Trust reporting $13.3 billion in outflows.
Morgan Stanley In Bitcoin ETF: Morgan Stanley is evaluating the possibility of offering spot bitcoin ETFs on its brokerage platform, following the SEC’s approval of these products. This move by one of Wall Street’s largest broker-dealers aims to meet growing client interest in cryptocurrencies and could lead to a significant increase in investments once major financial platforms begin offering these ETFs.
SEC Approves Spot Bitcoin ETF: U.S. authorities have given the green light to Bitcoin ETFs, significantly expanding the reach of the 15-year-old digital currency. The Securities and Exchange Commission announced on Wednesday that it has validated essential documents from market operators aiming to list these innovative offerings. Trading of these ETFs is set to commence on Thursday.
Bitcoin Price Predictions 2024-2033
Price Predictions By Cryptopolitan
| Year | Minimum ($) | Average ($) | Maximum ($) |
| 2024 | 58,828.51 | 60,990.40 | 71,373.32 |
| 2025 | 83,023.53 | 86,073.05 | 1,04,164.06 |
| 2026 | 1,23,227.79 | 1,27,531.44 | 1,45,360.74 |
| 2027 | 1,70,141.77 | 1,76,518.34 | 2,13,504.58 |
| 2028 | 2,42,028.31 | 2,49,089.04 | 2,91,244.07 |
| 2029 | 3,39,040.77 | 3,51,495.22 | 4,16,401.30 |
| 2030 | 4,77,127.53 | 4,91,187.34 | 5,90,158.57 |
| 2031 | 6,68,566.27 | 6,93,125.64 | 8,14,116.30 |
| 2032 | 10,02,294.49 | 10,36,950.77 | 11,69,615.41 |
| 2033 | 13,66,048.54 | 14,07,526.57 | 17,07,069.67 |
Bitcoin Price Prediction 2024
In 2024, the expected minimum price of 1 Bitcoin is $58,828.51. The maximum price level could be $71,373.32, with an average price of $60,990.40 throughout the year.
Bitcoin Price Prediction 2025
For 2025, Bitcoin’s price is anticipated to reach a minimum of $83,023.53. It may peak at $104,164.06, with the average price hovering around $86,073.05 during the year.
BTC Price Forecast for 2026
According to forecasts and technical analysis, Bitcoin’s price in 2026 might start at a minimum of $123,227.79. The peak price could be $145,360.74, with an average value of $127,531.44.
Bitcoin (BTC) Price Prediction 2027
In 2027, the lowest forecasted price for Bitcoin is $170,141.77. The peak price might reach $213,504.58, with an average price expected to be $176,518.34.
Bitcoin Price Prediction 2028
The 2028 forecast for Bitcoin’s price suggests a minimum value of $242,028.31. It could reach a maximum of $291,244.07, averaging around $249,089.04 throughout the year.
Bitcoin Price Prediction 2029
Based on extensive technical analysis, the 2029 prediction for Bitcoin’s price is a minimum of $339,040.77. The maximum price might be $416,401.30, with an average of $351,495.22.
Bitcoin (BTC) Price Prediction 2030
In 2030, Bitcoin’s price is expected to be at least $477,127.53. The maximum price could reach $590,158.57, with an average value of $491,187.34.
Bitcoin Price Forecast 2031
For 2031, the forecast suggests Bitcoin’s price might start at a minimum of $668,566.27. It could rise to a maximum of $814,116.30, with an average price of $693,125.64.
Bitcoin (BTC) Price Prediction 2032
Bitcoin’s price in 2032 is predicted to reach a minimum of $1,002,294.49. The maximum value could be $1,169,615.41, with the year’s average price at $1,036,950.77.
Bitcoin Price Prediction 2033
In 2033, Bitcoin is expected to have a minimum price of $1,366,048.54. The maximum price could reach $1,707,069.67, with an average trading price of $1,407,526.57.
Bitcoin Price Prediction By Coincodex
According to Coincodex’s current Bitcoin price prediction, the cryptocurrency is forecasted to experience a 2.39% increase, reaching $63,591 by March 7, 2024. Their technical indicators suggest a Bullish sentiment, while the Fear & Greed Index stands at 80, indicating Extreme Greed. Bitcoin has seen 21 out of 30 green days, with a 10.67% price volatility over the past month.
Coincodex suggests that it’s a favorable time to buy Bitcoin based on their forecast. Considering historical price movements and BTC halving cycles, the yearly low Bitcoin price prediction for 2025 is estimated at $62,727. Moreover, Coincodex predicts that Bitcoin could surge as high as $156,066 next year.
Bitcoin Price Prediction By Digital Coin Price
According to Digital Coin Price’s analysis, there exists a possibility for Bitcoin to surpass the $159,174.21 threshold and assert dominance in the market by the conclusion of 2025. They estimate the lowest Bitcoin price to fluctuate between $133,177.56 to $159,174.21, with the most probable price stabilizing around $145,388.73 by the end of 2025.
Despite the volatility in Bitcoin’s value and the controversies surrounding its environmental impact, billionaire venture capitalist Tim Draper maintains his forecast that Bitcoin will reach $159,174.21 by the end of 2025 or early 2026.
Bitcoin Price Prediction By CryptoPredictions.com
According to CryptoPredictions.com, Bitcoin is forecasted to commence April 2024 at $43,346.766 and conclude the month at $42,409.797 amid the bitcoin halving event. Throughout April, the highest projected BTC price stands at $59,352.028, while the lowest is anticipated to be $40,359.379.
BTC Price Overview
The price of Bitcoin had experienced notable peaks and troughs in its value. Despite this volatility, the unique nature of the Bitcoin network and its limited supply of coins has attracted the attention of investors and traders worldwide. The blockchain technology underlying Bitcoin enables secure and transparent transactions without the need for intermediaries, making it an attractive alternative to traditional financial systems.
In recent years, Bitcoin has trended upwards, with significant increases in value occurring in 2017 and 2021. This growth has been driven by a variety of factors, including increased adoption and acceptance of Bitcoin as a form of payment, as well as speculation by investors and traders. Today, Bitcoin is trading at +56654654.6% above its all-time low in July 2010.
While the future of Bitcoin’s price remains uncertain, many experts predict that the trend towards increased adoption and acceptance of digital currencies will continue to drive demand for Bitcoin and other cryptocurrencies.
BTC Price history
Bitcoin’s (BTC) price again reached an all-time high in 2021, as values exceeded over 65,000 USD in November 2021. That particular price hike was connected to the launch of a Bitcoin ETF in the United States, whilst others in 2021 were due to events involving Tesla and Coinbase, respectively.
Tesla’s announcement in March 2021 that it had acquired 1.5 billion U.S. dollars worth of the digital coin fueled mass interest. The market was noticeably different by the end of 2022, however, with Bitcoin prices reaching roughly $17194.91 as of January 10, 2023, after another crypto exchange, FTX, filed for bankruptcy.
Large BTC holders – ‘whales’ – are said to make up two percent of anonymous ownership accounts, and own approx 92 percent of BTC. As most people who use cryptocurrency-related services worldwide are retail clients rather than institutional investors, Bitcoin prices are difficult to measure, as movements from one large whale already have a significant impact on this market.
More on Bitcoin
What is Bitcoin?
Launched in 2009, Bitcoin is a decentralized digital currency powered by blockchain technology. Satoshi Nakamoto created the coin to overcome the shortcomings of government-issued currencies without requiring a controlling authority.
Bitcoin (BTC) was created out of the need for a cryptography-based e-payment system rather than the conventional trust-based system. Cryptocurrency acts as a store of value and a payment method for any transaction process in the crypto space. It is often dubbed “digital gold.”
Bitcoin’s current cryptography is based on an impenetrable algorithm (SHA-256) designed by the United States National Security Agency (NSA) in 2016, after the collapse of the SHA-1 algorithm. This algorithm makes it impossible to crack the Bitcoin network.
Since the launch of Bitcoin in 2009, its value has risen dramatically, from less than 0.01 USD in May 2010 to over 67,000 USD in November 2021. Bitcoin is expected to attain newer feats in the coming years as more institutional investors and traders continue to turn to cryptocurrency.
What Influences Bitcoin’s Price?
The world’s premier cryptocurrency, Bitcoin, has recently taken a substantial hit, dipping below the $25.5K threshold and reaching its lowest value in three months. This downward trend follows a lawsuit initiated by the U.S. Securities and Exchange Commission (SEC) against Binance, a leading cryptocurrency exchange, and its founder and CEO, Changpeng Zhao (CZ).
The news of this legal dispute sparked a swift wave of Bitcoin selling, causing a ripple effect across the majority of other cryptocurrencies. The market strain has escalated as the SEC has expanded its legal pursuits to encompass Coinbase, another key contender in the cryptocurrency exchange market.
Crypto experts posit that if Bitcoin can hold its resistance level at $26,000, we might see a bounce back in the coming months. However, if this level is breached, Bitcoin could potentially tumble to its lowest ever value of $20,000.
Yet, the experts also caution that the current rise in interest rates and a more stringent monetary policy might hinder Bitcoin from making a significant recovery in the near term.
Despite these hurdles, the year 2023 holds promise for Bitcoin advocates who see it as a “digital safe-haven” or “virtual gold”. These enthusiasts are confident that Bitcoin can offer investors a substantial hedge or attractive yields during periods of market instability.
Bitcoin Challenges
Despite its success, Bitcoin has faced several criticisms, especially its energy-hungry mining system. According to an energy consumption tracker developed by the University of Cambridge, Bitcoin mining was estimated to consume 100 TWh per year, about one-third of the UK’s total energy consumption in 2016.
In addition, BTC’s criminality potential has positioned it for more scrutiny, as it has facilitated numerous dark web dealings, such as acquiring illegal weapons, money laundering, etc.
The most significant and long-standing challenge of Bitcoin is scalability. Bitcoin’s underlying technology limits its performance in terms of transaction completion timeframe, with an insufficient capacity of 3-7 TPS. As more transactions are initiated on the network, processing delays will surface. Several proposals have been put forward to nip this concern in the bud, but a favorable long-term fix remains unclear.
How do you buy and sell Bitcoin?
You can buy and sell Bitcoin through cryptocurrency exchanges or peer-to-peer platforms. To purchase Bitcoin, you typically need to create an account with a cryptocurrency exchange, fund your account, and place an order to buy Bitcoin.
What is Bitcoin’s role in the broader financial system?
Bitcoin and other cryptocurrencies are seen by some as a disruptive force that could challenge traditional financial systems and provide greater financial freedom and autonomy for users.
Where to store Bitcoin?
The best ways to store Bitcoin include hardware wallets, paper wallets, and software wallets. Hardware wallets are considered the most secure, as they store private keys offline and require physical confirmation of transactions. Paper wallets, which involve printing out private keys and keeping them in a secure location, are also considered secure but require careful handling. Software wallets, which run on computers or mobile devices, are a great option, but more vulnerable to hacking and malware attacks.
What drives the value of BTC?
Bitcoin’s value is determined by supply and demand factors, such as market sentiment, adoption rates, regulatory changes, and investor speculation. Bitcoin’s decentralized nature, scarcity, and high-security features also contribute to its value in the market.
Conclusion
As the crypto market leader, Bitcoin cryptocurrency is one digital asset with massive potential for mainstream adoption. Several businesses already accept Bitcoin as an alternative to fiat currencies, with the latest club member being the Spanish company Telefonica. The telecommunication giant recently partnered with crypto exchanges Bit2Me to enable settlements in Bitcoin, among other cryptocurrencies.
According to our BTC price forecast, Bitcoin’s long-term prospects are looking good, with several possibilities of future price appreciation. Our expectations are also backed by Bitcoin price history. Bitcoin could be a significant portfolio addition for many BTC investors in years to come. However, before you buy Bitcoin or any other cryptocurrency, do remember to conduct your own research, taking into account all risks involved.