Bitcoin is the world's largest cryptocurrency by market cap. It is also the world's first, most famous, and most expensive cryptocurrency. Retail investors and traders are very interested in BTC's uniqueness, growth potential, and ability to influence other cryptocurrencies. BTC's market cap hit $539,114,505,737, and other digital assets are directly dependent on its price.
In this article, we will look at the history of this cryptocurrency, make a Bitcoin forecast for the future using technical analysis, and also consider the assessments of leading crypto analysts.
The article covers the following subjects:
- Highlights and Key Points
- Bitcoin Price Forecast for Today, the Coming Days and the Week
- Weekly Elliott wave Bitcoin analysis as of 22.04.2024
- Bitcoin Price Prediction 2024 by Crypto Experts
- Bitcoin Price History
- Bitcoin Technical Analysis
- Long-Term Bitcoin Prediction for Five Years
- Bitcoin Price Prediction 2025
- Bitcoin Price Prediction 2026-2029
- Bitcoin price prediction 2030
- Bitcoin Price Prediction 2040
- Bitcoin price prediction 2050
- How to Predict Bitcoin Price?
- Is Bitcoin a Good Investment?
- Bitcoin Price Prediction FAQ
Highlights and Key Points
Bitcoin will trade at around $80,000 after April 2024. By the end of the year, the coin could reach $120,000.
Below is the Bitcoin price forecast for the coming years:
| Year | Minimum price | Average price | Maximum price |
|---|---|---|---|
| 2024 | $35,521 | $77,932 | $120,739 |
| 2025 | $62,382 | $91,203 | $148,249 |
| 2026 | $81,502 | $118,571 | $158,092 |
| 2027 | $151,109 | $161,025 | $170,720 |
| 2028 | $171,725 | $185,907 | $195,701 |
Bitcoin Price Forecast for Today, the Coming Days and the Week
Bitcoin price prediction: Bitcoin price is now 66 618.34.
The bullish trend continues and the coin rate is growing rapidly. Bitcoin has updated its highs, however, given the high volatility of the cryptocurrency market, the price can change sharply at any moment. It depends not only on the general state of the industry, but also on global macroeconomic and political factors. At the moment, special attention should be paid to the upcoming halving in April.
Weekly Elliott wave Bitcoin analysis as of 22.04.2024
The BTCUSD market is forming a bullish impulse (1)-(2)-(3)-(4)-(5). The first four sub-waves must have been completed. Correction (4) is a double zigzag W-X-Y. The fifth wave is unfolding as an impulse in the most recent price chart section. The leading diagonal 1 and correction 2 have come to an end. Sub-waves [1] and [2] of a smaller degree have been completed within impulse 3. Let us explore the market situation in more detail in a shorter timeframe.
The Bitcoin price has been rising in impulse [3], composed of sub-waves (1)-(2)-(3)-(4)-(5). Sub-waves (1)-(2)-(3) have been completed. The horizontal correction (4) is forming as a flat A-B-C, with the final impulse C forming inside. Sub-waves [1]-[2]-[3] must have been completed within the C impulse. Sub-waves [4]-[5] should be unfolding, driving the price to a level of 60400.00, located at the support level; that is, wave [5] may be truncated.
Weekly BTCUSD trading plan:
Sell 65127.27, TP 60400.00
BTCUSD Elliott wave analysis is presented by an independent analyst, Roman Onegin.
Bitcoin Price Prediction 2024 by Crypto Experts
Most analysts believe that the BTC bullish trend will continue in 2024.
Binance
Binance's forecast is one of the most modest compared to other resources. Crypto exchange experts expect that BTC will reach $76,412.28 in 2024. So, don't expect any significant price growth.
Changelly
According to the Changelly portal, the price of Bitcoin against the US dollar will continue to rise. The expected minimum price is $97,775.22, and the maximum is $113,151.68.
Cryptonewsz
LongForecast analysts expect BTC to continue to rise rapidly, reaching $82,984 by the end of the year.
Сoinpriceforecast
CoinPriceForecast analysts predict an increase in the BTC rate in 2024. The expected maximum price of the coin could reach $154,766.
Bitcoinwisdom
According to BitcoinWisdom's forecast, the price of the coin will continue to rise in 2024. Portal analysts suggest that the minimum price will be $145,377.01, and the maximum will be $181,724.16.
Bitcoin Price History
Bitcoin is a decentralized cryptocurrency. The protocol was launched on January 3, 2009. However, for a long time, the BTC was not particularly valuable as a payment means.
The first Bitcoin halving event took place in 2012. At that time, this event did not affect Bitcoin's price much, but in 2013, the BTC was worth more than $22.
The BTCUSD rate was pressed down by the liquidation of the largest crypto exchange of that time, Mt.Gox. Many famous investors have begun to criticize digital currencies. Thus, Warren Buffett called BTC a mirage or a Bitcoin bubble. Many agreed with him. However, everything changed eight years after the launch of BTC.
2017
April. Japanese authorities have passed a law on the legalization of crypto payments.
August. A fork took place, as a result of which, the Bitcoin Cash cryptocurrency appeared — one of the Bitcoin alternatives with a limited block size.
December. The Chicago Mercantile Exchange has launched the BTC futures trading.
As a result of the above events, the BTCUSD rate has increased significantly. Trading in January contracts started at $20,600.
2018
The first crypto winter. Quotes of digital assets had been falling for a long time. The reason was that regulators banned ICO (initial coin offering) and limited the operation of crypto exchanges. In some countries, such as China, digital assets were completely banned. Many blockchain technology projects were forced to close, and the BTCUSD fell below $3,700.
2020
The third halving event happened on May 11. The token price slightly increased. In August, MicroStrategy made a serious investment in Bitcoin. Next, this company would become the largest investor in this cryptocurrency. In December, there was a scandal surrounding Ripple. The US Securities and Exchange Commission (SEC) accused the creators of the coin of illegally issuing securities in the form of XRP tokens. The case ended in favor of the SEC. This event seriously affected the entire crypto industry. 2020 also saw a DeFi boom, but at the
end of the year, the cryptocurrency market collapsed amid the COVID-19 pandemic.
2021
2021 saw many important events in the history of Bitcoin's price. The most significant investment was from Tesla. In February, investments in the amount of $1.5 billion became known, which gave the coin significant weight. In May, China increased pressure on Bitcoin miners, and many of them moved to the USA. In September, the BTC cryptocurrency was recognized as an official means of payment in El Salvador. As a result, on November 10, Bitcoin's price reached a new maximum of $68,789, and the capitalization of the crypto market exceeded $3 trillion for the first time.
2022
The crisis occurred again, and the BTC rate dropped to $15,000. This was influenced by many factors. First, the Terra blockchain crashed, and then Tesla sold 75% of its bitcoins. A little later, one of the largest cryptocurrency exchanges, FTX, went bankrupt. The SEC also continued to increase its pressure on cryptocurrencies.
Bitcoin Technical Analysis
Currently, it is difficult to analyze BTCUSD using technical analysis. It is possible to identify certain patterns, but in the run-up to the halving, the first tweet can destroy any of them.
This analysis mainly used oscillators and moving averages such as SMA and RSI, taking into account that Bitcoin will continue to rise with a 90% probability.
Bitcoin Forecast For Next Three Months
For a three-month forecast, let's use the D1 chart. The data obtained using SMA and RSI is below.
Moving averages give buy signals while oscillators give a more neutral forecast. At the moment, it is worth at least considering the possibility of entering purchases. It is very likely that BTCUSD will continue to grow.
Let's look at the Ichimoku indicator.
The tenkan-sen line is above the kijun-sen line. Both lines are directed upward. The cloud is ascending, the instrument is trading above it. The Chikou span line is located above the price chart. The indicator indicates a continuing uptrend.
What will the Bitcoin price be in 2024 according to technical analysis?
It is difficult to say exactly what will happen to Bitcoin in 2024. However, the coin will definitely continue to grow. Halving, which will take place around mid-April, will push the price of Bitcoin up, and the trend will most likely continue in the future. Below is the predicted Bitcoin price trajectory:
Long-Term Bitcoin Technical Analysis
Long-term forecasting is always a difficult task. Upcoming Bitcoin news can seriously affect the coin's exchange rate. However, if you do not take this into account, the price of the coin may develop according to the following scenarios:
The price will break out the resistance level of $78,000 before the April halving and consolidate above it. In this case, it is almost certain that further growth will continue. As with cryptocurrencies in general, expect that the subsequent complication of block mining will make the asset more expensive. In this case, Bitcoin will reach the values presented in the table below.
According to the unlikely scenario, the price will be stuck in a sideways channel until the April halving. This will be due to attempts by regulators to curb the growth of cryptocurrency. In this case, traders will need to monitor news surrounding the asset. In addition, Bitcoin will still continue to grow after the halving. However, the impulse will be lower and the growth rate will be noticeably slower
| Month | BTCUSD price forecast | ||
|---|---|---|---|
| Minimum, $ | Maximum, $ | ||
| April 2024 | $75 136 | $78 586 | |
| May 2024 | $80 213 | $83 923 | |
| June 2024 | $88 542 | $95 176 | |
| July 2024 | $105 746 | $109 354 | |
| August 2024 | $114 136 | $123 425 | |
| September 2024 | $128 945 | $137 873 | |
| October 2024 | $142 645 | $160 715 | |
| November 2024 | $180 871 | $200 942 | |
| December 2024 | $202 641 | $220 526 | |
Long-Term BTCUSD Trading Plan
Trading BTCUSD should be treated with caution now. In the near future, the BTC price will continue to rise. However, in the long term, it is difficult to predict anything since halving can radically change the position of the coin in the future
Consider purchases in the coming month. Bitcoin is very likely to continue to grow before halving. Monitor news and price movements in mid-April.
If the price consolidates above the level at which the halving will begin, consider further long trades with a target of around $120,000.
If this does not happen, then the BTCUSD price will most likely get stuck in a sideways channel. Pay attention to the support level of around $90,000.
Monitor news in mid-April. Events this month will directly determine the future of the coin.
It is very difficult to make long-term forecasts, especially in the current market realities. Always conduct technical and fundamental analysis before making trading decisions.
Long-Term Bitcoin Prediction for Five Years
Below is the consensus estimate by the most prominent cryptocurrency portals regarding the Bitcoin to US dollar rate:
| Year | Minimum price | Average price | Maximum price |
|---|---|---|---|
| 2024 | $35 521 | $77 932 | $120 739 |
| 2025 | $62 382 | $91 203 | $148 249 |
| 2026 | $81 502 | $118 571 | $158 092 |
| 2027 | $151 109 | $161 025 | $170 720 |
| 2028 | $171 725 | $185 907 | $195 701 |
Bitcoin Price Prediction 2025
The long-term Bitcoin price prediction or forecast for other cryptocurrencies is approximate — the market situation can change at any time. Let's look at analysts’ Bitcoin price prediction for 2025.
Binance
Binance analysts’ Bitcoin prediction 2025 suggests the average price of the coin in 2025 will be $76 412,28.
Changelly
According to a BTC price prediction provided by Changelly, the minimum Bitcoin price for 2025 will be $144,721.53, the average will be $148,777.12, and the maximum will be $173,404.66.
Cryptonewsz
LongForecast analysts believe that the minimum price of Bitcoin in 2025 will reach $171,319 and the maximum will reach $272,257.
Сoinpriceforecast
CoinPriceForecast experts predict a price of Bitcoin of about $201,699 by the middle of the year and about $186,054 in December 2025.
Bitcoinwisdom
According to BitcoinWisdom, the average price of Bitcoin in 2025 will be $233,419.88.
Bitcoin Price Prediction 2026-2029
Analysts have prepared a Bitcoin price prediction until 2029. The median gauge suggests the coin will steadily increase in price, as it will during 2024–2025.
Binance
According to Binance analysts, the BTC rate will not be very high during this period.
| Year | Minimum price | Maximum price |
|---|---|---|
| 2026 | $80 232,89 | $82 973,65 |
| 2027 | $84 178,24 | $85 917,32 |
| 2028 | $89 478,09 | $90 125,96 |
| 2029 | $93 032,61 | $94 569,26 |
Changelly
Changelly's forecast is extremely optimistic. However, consider it with caution.
| Year | Minimum Price | Average Price | Maximum Price |
|---|---|---|---|
| 2026 | $210 206,98 | $216 157,38 | $254 481,55 |
| 2027 | $297 237,27 | $308 045,19 | $358 418,15 |
| 2028 | $440 888,91 | $456 290,37 | $525 677,43 |
| 2029 | $621 188,87 | $644 003,59 | $763 687,62 |
LongForecast
According to the LongForecast portal, the following scenario is possible:
| Year | Minimum price | Maximum price |
|---|---|---|
| 2026 | $109 261 | $164 870 |
| 2027 | $120 720 | $314 750 |
| 2028 | $304 253 | $386 140 |
| 2029 | $365 140 | $429 140 |
Сoinpriceforecast
CoinPriceForecast analysts suggest that asset price growth will slow down in subsequent years.
| Year | Minimum price | Maximum price |
|---|---|---|
| 2026 | $190 981 | $199 815 |
| 2027 | $215 536 | $239 784 |
| 2028 | $215 806 | $224 798 |
| 2029 | $239 778 | $257 761 |
Bitcoinwisdom
The BTC forecast for the next few years from the BitcoinWisdom portal is presented below:
| Year | Minimum Price | Average Price | Maximum Price |
|---|---|---|---|
| 2026 | $291 581,76 | $306 159,13 | $328 027,86 |
| 2027 | $364 475,25 | $379 054,26 | $400 925,69 |
| 2028 | $437 401,81 | $451 981,87 | $473 873,94 |
| 2029 | $510 325,78 | $524 911,85 | $546 783,17 |
Bitcoin price prediction 2030
Few expert platforms provide a BTC price forecast for 2030. However, expectations vary greatly.
Binance
Binance analysts predict that in 2030, the Bitcoin price could reach $97,523.58.
Changelly
Changelly experts presented the most detailed forecast for the BTC price in 2030.
| Year | Minimum price | Average price | Maximum price |
|---|---|---|---|
| January | $643 821,17 | $666 883,67 | $791 597,25 |
| February | $666 391,33 | $689 699,33 | $819 430,50 |
| March | $688 961,50 | $712 515 | $847 263,75 |
| April | $711 531,67 | $735 330,67 | $875 097 |
| May | $734 101,83 | $758 146,33 | $902 930,25 |
| June | $756 672 | $780 962 | $930 763,50 |
| July | $779 242,17 | $803 777,67 | $958 596,75 |
| August | $801 812,33 | $826 593,33 | $986 430 |
| September | $824 382,50 | $849 409 | $1 014 263,25 |
| October | $846 952,67 | $872 224,67 | $1 042 096,50 |
| November | $869 522,83 | $895 040,33 | $1 069 929,75 |
| December | $892 093 | $917 856 | $1 097 763 |
LongForecast
LongForecast did not provide a detailed forecast for 2030. However, the portal’s analysts suggest that the minimum price of BTC will be $462,231.57, and the maximum will be about $523,021.14.
Сoinpriceforecast.com
According to the CoinPriceForecast, by mid-2030 the Bitcoin price will reach $275,606. By the end of the year it will rise to $293,324.
Bitcoinwisdom
According to Bitcoinwisdom's forecast, the minimum price of BTC in 2030 will be $582,986.04, the average will be $597,619.83, and the maximum will be $619,664.05.
Bitcoin Price Prediction 2040
Quite a few expert sources provide the Bitcoin price prediction for 2040. Binance suggests a price of $138,701.86 by 2040. However, if you pay attention to other factors, such as halving and increasing mining energy costs, you can assume sustainable long-term growth.
Source: Arcane research.
Source: Arcane research.
The next halving will take place in 2040. As a result, the block reward will be only 0.195 Bitcoin, and the commission will reach 67%. That is, the reward for Bitcoin mining will be very small. The balance of circulating supply and demand will change, and by 2040, the price of a coin could rise to $2 million.
According to calculations by Arcane Research, network energy consumption will increase ten times and amount to 894 TWh. All this allows us to believe that the cost of BTC will grow rapidly from halving to halving.
Source: Arcane research.
Bitcoin price prediction 2050
It is now almost impossible to find out the Bitcoin price prediction for 2050 — analysts are not willing to provide such estimates. Bitcoin, as a pioneer among cryptocurrencies, has attracted the attention of not only crypto investors but also regulators. Considering the pressure the SEC and the Federal Reserve are putting on the crypto market, it is currently difficult to even imagine the future price of Bitcoin or provide Bitcoin price predictions.
If we ignore the influence of regulatory authorities and consider the scenario with a linear price increase from halving to halving, then the BTC rate can reach incredible levels. Only time will tell what the Bitcoin value will be in the distant future of Bitcoin.
How to Predict Bitcoin Price?
When making Bitcoin future predictions, you should consider numerous factors. A huge number of factors influence the price of BTC. First of all, the actions of major players in the cryptocurrency, including the Bitcoin market, as well as the general state of the crypto industry. Also, the cost of the token depends on global events, such as a pandemic, and the actions of regulators.
The main advice is to follow the news of the cryptocurrency industry and public statements of famous investors, for example, Elon Musk. It is also worth closely monitoring the state of the energy sector; mining is rather expensive.
Technical analysis, along with Bitcoin news prediction, is also important in BTC forecast, as well as fundamental factors. The BTCUSD is a highly volatile asset, and you must consider these risks when trading.
Is Bitcoin a Good Investment?
Regulators and economic fundamentals are putting pressure on the cryptocurrency market. BTC remains a highly volatile asset, so consider these risks when making trading decisions.
However, the BTC is a good investment. With considerable risks, it is still a relatively safe investment, and the potential profit is very high, so it is worth taking a closer look at BTC crypto and adding it to your investment portfolio.
Start trading with a trustworthy broker
Bitcoin Price Prediction FAQ
The BTC current price is 66 618.34 USD.
The estimated price of a coin in 2024 is $88,793.75. However, BTC may exceed $120,000.
According to most analysts, by 2025 Bitcoin will be around $96,261.62 according to conservative estimates. Bitcoin's growth potential is very high, so expect the coin to reach $140,000 and above.
According to Bitcoin prediction 2030, the BTC rate is expected at $293,324.35. However, it is important to remember that the cryptocurrency market is very volatile. Bitcoin projections are provided for informational purposes only and cannot be used as investment advice.
Forecasts for 2040 are approximate and of an estimated nature. Some analysts believe that the value of BTC could reach $2,000,000 by 2040.
At the moment, BTC investments look extremely attractive. Bitcoin definitely has huge growth potential, and unless something unexpected happens, your investment will pay off.
According to average optimistic estimates, Bitcoin growth by the end of 2024/beginning of March next year will be about 114%. So the profit will be $114. However, the increase could even be 190%.
The cryptocurrency market is very volatile. There is always the possibility of a trend reversal after the release of any news. However, at the moment, this is unlikely.
There are definitely prospects for the coin. As practice shows, more and more users and crypto enthusiasts are interested in cryptocurrency assets. Investments are reaching incredible levels, and even the most skeptical experts admit digital assets have been gaining popularity. This is why there is more and more news about market regulation.
Traders need to check the economic calendar and monitor political and economic news to make a Bitcoin price prediction. In technical analysis, you can use various indicators to make your Bitcoin price forecast based on previous market trends.
Price chart of BTCUSD in real time mode
The content of this article reflects the author’s opinion and does not necessarily reflect the official position of LiteFinance. The material published on this page is provided for informational purposes only and should not be considered as the provision of investment advice for the purposes of Directive 2004/39/EC.
