.png)
10 months ago
5
ARTICLE AD BOX
- Bullish BTC price prediction for 2024 is $61078.75 to $75,085.02.
- Bitcoin (BTC) price might reach $80,000 soon.
- Bearish (BTC) price prediction for 2024 is $37,749.43.
In this Bitcoin (BTC) price prediction for 2024, 2025, and 2030, we will analyze the price patterns of BTC by using accurate trader-friendly technical analysis indicators and predict the future movement of the cryptocurrency.
TABLE OF CONTENTS |
INTRODUCTION |
|
BITCOIN (BTC) PRICE PREDICTION 2024 |
|
| BITCOIN (BTC) PRICE PREDICTION 2025, 2026-2030 |
| CONCLUSION |
| FAQ |
Bitcoin (BTC) Current Market Status
| Current Price | $51,661.02 | 24 – Hour Price Change | 3.40% Up |
| 24 – Hour Trading Volume | $40,874,233,464 |
| Market Cap | />$1,007,911,420,244 |
| Circulating Supply | 19,627,500 BTC | All – Time High | $68,789.63 (On November 10, 2021) |
| All – Time Low | $0.04865 (On Jul 14, 2010) |
What is Bitcoin (BTC)?
| TICKER | BTC |
| BLOCKCHAIN | Bitcoin |
| CATEGORY | Bitcoin |
| LAUNCHED ON | January 2009 |
| UTILITIES | A store of value |
Bitcoin (BTC) is the original decentralized digital currency created by the pseudonymous founder(s) Satoshi Nakamoto in 2009, introducing the concept of blockchain technology. BTC utilizes a peer-to-peer network and operates on a proof-of-work (PoW) consensus, where validators secure transactions through energy-intensive “mining.” The cryptocurrency has a fixed supply cap of 21 million BTC, with less than 1.4 million BTC remaining to be mined as of February 2024.
Bitcoin has shown a significant transformative journey since its inception. From being the first cryptocurrency to gaining widespread recognition, it has become a dominant force in the global financial landscape. Bitcoin holds the title of the “largest cryptocurrency” by market capitalization, and its adoption has expanded into various sectors, from retail to education and the introduction of real-world Bitcoin ATMs.
Currently, Spot Bitcoin exchange-traded fund (ETF) gained widespread attention from both individuals and institutional investors, which would propel the adoption of BTC. Further, the Bitcoin halving event is scheduled for April 28, 2024, at 20:39 UTC, which reduces block rewards and is anticipated to drive additional price appreciation.
Bitcoin 24H Technicals
(Source: TradingView)Bitcoin (BTC) Price Prediction 2024
Bitcoin (BTC) ranks 1st on CoinMarketCap in terms of its market capitalization. The overview of the Bitcoin price prediction for 2024 is explained below with a daily time frame.
In the above chart, Bitcoin (BTC) laid out the Broadening Wedge pattern. A broadening wedge is a bullish reversal pattern. The pattern is an inverted ascending triangle because it is made up of two converging lines with a horizontal line for the resistance and a bearish downward slant for the support.
At the time of analysis, the price of Bitcoin (BTC) was recorded at $51,211. If the pattern trend continues, then the price of BTC might reach the resistance levels of $51,585, and $59,531. If the trend reverses, then the price of BTC may fall to the support of $48,461, $44,907, $40,248, and $38,662.
Bitcoin (BTC) Resistance and Support Levels
The chart given below elucidates the possible resistance and support levels of Bitcoin (BTC) in 2024.
From the above chart, we can analyze and identify the following as resistance and support levels of Bitcoin (BTC) for 2024.
| Resistance Level 1 | $61,078.75 |
| Resistance Level 2 | $75,085.02 |
| Support Level 1 | $46,915.95 |
| Support Level 2 | $37,749.43 |
Bitcoin (BTC) Price Prediction 2024 — RVOL, MA, and RSI
The technical analysis indicators such as Relative Volume (RVOL), Moving Average (MA), and Relative Strength Index (RSI) of Bitcoin (BTC) are shown in the chart below.
From the readings on the chart above, we can make the following inferences regarding the current Bitcoin (BTC) market in 2024.
| INDICATOR | PURPOSE | READING | INFERENCE |
| 50-Day Moving Average (50MA) | Nature of the current trend by comparing the average price over 50 days | 50 MA = $43,870.92 Price = $51,221.09 (50MA < Price) | Bullish/Uptrend |
| Relative Strength Index (RSI) | Magnitude of price change;Analyzing oversold & overbought conditions | 80.21 <30 = Oversold 50-70 = Neutral >70 = Overbought | Overbought |
| Relative Volume (RVOL) | Asset’s trading volume in relation to its recent average volumes | Below cutoff line | Weak Volume |
Bitcoin (BTC) Price Prediction 2024 — ADX, RVI
In the below chart, we analyze the strength and volatility of Bitcoin (BTC) using the following technical analysis indicators — Average Directional Index (ADX) and Relative Volatility Index (RVI).
From the readings on the chart above, we can make the following inferences regarding the price momentum of Bitcoin (BTC).
| INDICATOR | PURPOSE | READING | INFERENCE |
| Average Directional Index (ADX) | Strength of the trend momentum | 24.41 | Strong Trend |
| Relative Volatility Index (RVI) | Volatility over a specific period | 73.84 <50 = Low >50 = High | High Volatility |
Comparison of BTC with ETH
Let us now compare the price movements of Bitcoin (BTC) with that of Ethereum (ETH).
From the above chart, we can interpret that the price action of BTC is similar to that of ETH. That is, when the price of ETH increases or decreases, the price of BTC also increases or decreases respectively.
Bitcoin (BTC) Price Prediction 2025, 2026 – 2030
With the help of the aforementioned technical analysis indicators and trend patterns, let us predict the price of Bitcoin (BTC) between 2025, 2026, 2027, 2028, 2029 and 2030.
| Year | Bullish Price | Bearish Price |
| Bitcoin (BTC) Price Prediction 2025 | $85,000 | $22,166 |
| Bitcoin (BTC) Price Prediction 2026 | $94,000 | $28,435 |
| Bitcoin (BTC) Price Prediction 2027 | $110,500 | $30,249 |
| Bitcoin (BTC) Price Prediction 2028 | $128,000 | $32,050 |
| Bitcoin (BTC) Price Prediction 2029 | $150,000 | $34,013 |
| Bitcoin (BTC) Price Prediction 2030 | $200,900 | $36,491 |
Conclusion
In conclusion, the bullish Bitcoin (BTC) price prediction for 2024 is $75,085.02. Comparatively, if unfavorable sentiment is triggered, the bearish Bitcoin (BTC) price prediction for 2024 is $37,749.43.
If the market momentum and investors’ sentiment positively elevate, then Bitcoin (BTC) might hit $80,000. Furthermore, with future upgrades and advancements in the Bitcoin ecosystem, BTC might surpass its current all-time high (ATH) of $68,789.63 and mark its new ATH.
FAQ
1. What is Bitcoin (BTC)?
BTC is the pioneer decentralized digital currency built on the peer-to-peer blockchain network Bitcoin. It was launched in 2009 and now holds the largest market cap.
2. Where can you buy Bitcoin (BTC)?
Traders can trade Bitcoin (BTC) on the following cryptocurrency exchanges such as Binance, OKX, LBank, Coinbase, and Deepcoin.
3. Will Bitcoin (BTC) record a new ATH soon?
With the ongoing developments and upgrades within the Bitcoin platform, Bitcoin (BTC) has a high possibility of reaching its ATH soon.
4. What is the current all-time high (ATH) of Bitcoin (BTC)?
Bitcoin (BTC) hit its current all-time high (ATH) of $68,789.63 On Nov 10, 2021.
5. What is the lowest price of Bitcoin (BTC)?
According to CoinMarketCap, BTC hit its all-time low (ATL) of $0.04865 on Jul 14, 2010.
6. Will Bitcoin (BTC) hit $80,000?
If Bitcoin (BTC) becomes one of the active cryptocurrencies that majorly maintain a bullish trend, it might rally to hit $80,000 soon.
7. What will be the Bitcoin (BTC) price by 2025?
Bitcoin (BTC) price might reach $85,000 by 2025.
8. What will be the Bitcoin (BTC) price by 2026?
Bitcoin (BTC) price might reach $94,000 by 2026.
9. What will be the Bitcoin (BTC) price by 2027?
Bitcoin (BTC) price might reach $110,500 by 2027.
10. What will be the Bitcoin (BTC) price by 2028?
Bitcoin (BTC) price might reach $128,000 by 2028.
Top Crypto Predictions
NEAR Protocol (NEAR) Price Prediction
Immutable (IMX) Price Prediction
Disclaimer: The opinion expressed in this chart is solely the author’s. It does not represent any investment advice. TheNewsCrypto team encourages all to do their own research before investing.
English (US)