Story Highlights
- Bitcoin price today is 62,090.8541
- If Bitcoin sustains above $40K, the BTC price prediction for 2024 predicts it to reach $120,000.
- The Bitcoin price forecast 2030 projects a meteoric recovery in BTC price to reach $347,783.
With institutional investors finally picking up on the Bitcoin ETF craze, the BTC price is skyrocketing to pre-winter levels. Further, with the $2 billion trading volume of the nine Bitcoin ETFs and over $240M withdrawn from Bitfinex, Bitcoin is sneaking up to $60,000.
As the U.S. market sentiments towards the Bitcoin turn more bullish, the Bitcoin HODLers are expecting this uptrend to continue beyond $69,000. Will this bull run lead to a new all-time for Bitcoin?
With the BTC price hitting a new peak in the “Pre-halving rally,” the biggest crypto records its higher monthly return since October 2021. As 2024 shapes up to be the breakout year for Bitcoin, expectations are set for $100K this season.
Further, at the U.S. market front, the potential rate cuts, the anticipation surrounding the fourth Bitcoin halving, and the U.S. Government shutdown are setting the stage for a Bitcoin rally like no other.
With the markets filled with high hopes, questions are arising like: “Is Bitcoin ready to reach the $100K mark?” or “Will Bitcoin ever go up?” or “Where will Bitcoin be in 5 years?”
We bring our comprehensive Bitcoin Price Prediction 2024-2030 to solve such doubts.
Also Read: How Will Bitcoin Halving 2024 Impact BTC Price?
Overview
| Cryptocurrency | Bitcoin |
| Token | BTC |
| Price | $ 62,090.85406010 |
| Market Cap | $ 1,219,566,016,468.5554 |
| Trading Volume | $ 53,876,228,320.0893 |
| Circulating Supply | 19,641,637.0000 |
| All-time High | $68,789.63 Nov 10, 2021 |
| All-time Low | $0.04865 Jul 15, 2010 |
| 24 High | $ 63,531.8800 |
| 24 Low | $ 60,364.7000 |
Bitcoin Price Prediction March- 2024
Bitcoin has recorded its third consecutive day of gains, pushing its price over the $59,000 threshold and nearing the significant $60,000 level. The surge in Bitcoin’s value coincides with the total trading volume of Bitcoin ETFs hitting the $2 billion milestone, highlighting the cryptocurrency’s increasing market strength. The market capitalization of Bitcoin has also surpassed $1.1 trillion, indicating a robust uptrend.
Source – Tradingview
As Bitcoin approaches the $60,000 mark, trend-based Fibonacci analysis suggests a potential rise to $68,157. The cryptocurrency’s 3.59% intraday growth, reaching the $59,000 level alongside an uptick in trading volume, points to a bullish outlook. Additionally, Coinglass reports that in the last 24 hours, $244.12 million was liquidated, with $139 million from short orders, impacting around 81,536 traders.
The MACD indicator further supports this bullish sentiment with a positive divergence between the MACD and signal lines, signaling increasing bullish momentum. This sets the stage for a question: Could Bitcoin reach $100,000?
The ongoing recovery momentum, bolstered by bullish market indicators and Fibonacci projections, suggests a peak near $96,000 is possible. If Bitcoin breaks above $60,000 with a strong bullish close, it could escalate to $68,157, paving the way for reaching higher milestones.
| Bitcoin Price Prediction | Potential Low | Potential Average | Potential High |
| Bitcoin Price Prediction March 2024 | $55,000 | $59,000 | $68,157 |
Also Read: What is Bitcoin? An In-Depth Guide To The King Of Digital Currencies
Bitcoin Price Prediction 2024
The high spirits around the Bitcoin Spot ETF approvals kick in for the BTC price to spark a bull run. The uptrend continues the streak of 5 monthly bullsih candles and is ready to challenge the overhead resistance at $50K. Moreover, the halving year has always been a bullish year in Bitcoin history, leading to a bull run in the next year.
Adding bullishness at lower levels, Tether buys 8,888 Bitcoin (BTC) to their holdings for $380 million.
Further, the rising hopes for the interest rate cuts in the US market will bolster the uptrend momentum in BTC price. Therefore, 2024 is highly anticipated to be a bullish year for Bitcoin. With a potential high of around $120,000 and a potential low of $35,000.
| Bitcoin Price Prediction | Potential Low | Potential Average | Potential High |
| Bitcoin Price Prediction 2024 | $35,000 | $77,500 | $120,000 |
Bitcoin Price Prediction 2025 – 2030
| Bitcoin Price Prediction | Potential Low ($) | Average Price ($) | Potential High ($) |
| 2025 | 61,357 | 95,903 | 140,449 |
| 2026 | 82,522 | 115,569 | 155,284 |
| 2027 | 152,837 | 160,942 | 169,047 |
| 2028 | 174,063 | 183,485 | 192,908 |
| 2029 | 204,634 | 222,096 | 239,559 |
| 2030 | 277,751 | 312,767 | 347,783 |
Bitcoin Price Prediction 2025
With the launch of potentially more Bitcoin-related financial services and the global adoption spark of Bitcoin, BTC prices will maintain a bullish trend in 2025. The cryptocurrency is expected to create a high of $140,449 with a low of $61,357. Therefore, the average Bitcoin price prediction for 2025 will potentially be $95,903.
Bitcoin Price Prediction 2026
Firstly, as per Bitcoin Price Prediction 2026, the BTC price range in 2026 is expected to be between $82,522 to $155,284. Moreover, the average price is projected to be $115,569.
BTC Price Prediction 2027
Subsequently, as per BTC Price Prediction for 2027, the Bitcoin price range can be between $152,837 to $169,047. Furthermore, the average price is expected to be $160,942, indicating a relatively stable bullish period for Bitcoin.
Bitcoin Price Prediction 2028
With the 5th Halving, the Bitcoin price will see another bullish spark in 2028. Specifically, as per Bitcoin Price Prediction 2028, the potential BTC price range in 2028 is $174,063 to $192,908. Additionally, the average price is expected to be $183,485, demonstrating continued positive momentum.
BTC Price Prediction 2029
Thereafter, as per BTC Price Prediction 2029, the BTC price will range between $204,634 to $239,559. Significantly, the average price is projected to be $222,096, indicating a significant rise in Bitcoin’s value.
Bitcoin Price Prediction 2030
Finally, coming to 2030, Bitcoin Price Prediction maintains a positive trend. Indeed, the BTC price is expected to create its new all-time high, with a price range between $277,751 to $347,783. In conclusion, the average price is expected to be $312,767.
Bitcoin Market Price Prediction: Analyst and Influencer’s BTC Price Prediction
| Firm Name | 2024 | 2025 |
| Gov.Capital | $91,245 | $123,352 |
| DigitalCoinPrice | $78,717 | $110,963 |
| Trading Beasts | $88, 632 | $154,435 |
- Blockware Solutions Predict Bitcoin Post-Halving Price To Reach $400,000.
- Tommy Lee, Head of Research at Fundstrat, predicts Bitcoin to surge between $250,000 to $500,000.
- Robert Kiyosaki predicts the Bitcoin price to reach $120,000 in 2024.
- Blockstream CEO Adam Back predicts Bitcoin to hit an all-time high of over $100,000 in 2024.
Bitcoin Halving Price Prediction
Firstly, the Bitcoin ‘halving’ just took place, an event that happens roughly every four years. Essentially, Bitcoin miners’ reward for validating transactions gets cut in half. Consequently, this curtails the number of new Bitcoins in circulation, usually sparking a price rally. According to data, the price surges after previous halvings. Therefore, let’s watch this space.
| Event | Date | Reward (BTC) | Mined (BTC) |
| Launch | January 2009 | 50 | 10,500,000 |
| Halving 1 | November 2012 | 25 | 5,250,000 |
| Halving 2 | July 2016 | 12.5 | 2,625,000 |
| Halving 3 | May 2020 | 6.25 | 1,312,500 |
| Halving 4 | March 2024 | 3.125 | 656,250 |
| Halving 5 | Expected 2028 | 1.5625 | 328,125 |
| Halving 6 | Expected 2032 | 0.78125 | 164,063 |
CoinPedia’s Bitcoin (BTC) Price Prediction
Firstly, at CoinPedia, we’re feeling optimistic about Bitcoin’s price going up. Significantly, one big reason is the upcoming Bitcoin “halving” event. In simple terms, every four years, the number of new Bitcoins entering the market gets cut in half. Consequently, this usually increases the price because there’s less supply.
Further, big shots like Uber CEO Dara Khosrowshahi staying positive on crypto and signals the company is ready to accept Bitcoin as a payment option in the future.
Hence, We expect the BTC price to create a new 2024 high of $120,000 by 2024.
| Bitcoin Price Prediction | Potential Low | Potential Average | Potential High |
| Bitcoin Price Prediction 2024 | $35,000 | $77,500 | $120,000 |
ChatGPT Predicts Bitcoin Post-Halving Price To Cross $1 Million
Furthermore, using the above Bitcoin Halving table, we asked ChatGPT to calculate the potential jump in Bitcoin after the 2024 halving. Utilizing Arithmetic and Geometric Progression, respectively, ChatGPT calculates the Bitcoin price prediction for 2024 post-halving to be a 290% and 4,160% jump.
Rounding off the current Bitcoin price to $26,000, firstly, the calculations display the post-halving Bitcoin to skyrocket drastically. Specifically, reaching $101,400 by A.P. and $1,107,808 by G.P., Bitcoin is set to create a new high in 2024.
Many influencers and Bitcoin maximalists are predicting the BTC price to reach $1M, but the chances of them using G.P. are less, but not zero.
Bitcoin Historic Price Sentiments 2008 – 2024
Analyzing the historic price sentiment of BTC is suitable for rightly interpreting the indications we come across while analyzing its future price sentiment.
In a nutshell, the optimism and hope around Bitcoin have continued to grow ever since its launch. And now, with the institutions coming together with the 4th Bitcoin halving around the corner marks a crucial turning point. The upcoming years for BTC are marked in green as Bitcoin adoption grows like wildfire in a fiat world.
FAQs
The Bitcoin halving takes place once every four years or every 210,000 blocks. The next Bitcoin halving will take place in April 2024.
Over the past 24 hours, BTC witnessed a 0.69% change, hitting a peak of $30,630 and a low of $30,259.
At the time of publishing, the price of 1 BTC was $30,604.
Bitcoin halving ensures that the amount of bitcoin we can mine decreases with each block, making bitcoin more scarce and ultimately more valuable.
Bitcoin price will surge with the Bitcoin halving coming closer.
The projected price of Bitcoin in 2024 will range between $35,000 and $120,000, with an average of $77,500.
For 2024, the BTC price will have a projected high of $120,000 and a potential low of $35,000.
In 2025, the projected high for Bitcoin is $110,449, with a low of $61,357 and an average price of $85,903.
The 2020 fall in Bitcoin found support at $3850 and started at $10,501. Considering you bought at the peak, your $100 investment would have increased by 191%. In short, your investment would be worth $219.
The current circulating supply of BTC is approximately 19,428,268 BTC, with a market cap of $595,390,159,392. Bitcoin will have a maximum supply of 21,000,000 (21 Million) tokens.
Bitcoin maximalists like Michael Saylor expect Bitcoin to hit the $1,000,000 mark by 2030. Investors can expect the Bitcoin price to surpass the $300,000 mark.