Bitcoin Price Prediction 2022-2031: Will Bitcoin Bulls Rally?

bitcoin price

Experts say that with no end to the cryptocurrency price seesaw, the war, inflation, and shifting monetary policy in the U.S. will likely continue to drive more volatility in the coming weeks and months. With LUNA crashing some months back, speculations were ripe on Bitcoin soon being banned in places where it had already gained some form of acceptance.

Launched over ten years ago in 2009, Bitcoin is a virtual currency powered by blockchain technology. Satoshi Nakamoto created the coin to overcome the shortcomings of government-issued currencies without requiring a controlling authority. Bitcoin acts as a store of value and a payment method for any transaction process in the markets.

The price of Bitcoin has fallen by over 12% in the past week and 28.60% over the past three (3) months, pulling the coin’s value to as low as $18,763. In the short term, Bitcoin has broken through the floor of a rising trend channel. This indicates a slower rising rate at first or the start of more horizontal development. The currency is testing resistance at $21,300. This could give an adverse reaction, but an upward breakthrough of $21,300 means a positive signal. Volume tops and volume bottoms correspond well with tops and bottoms in the price. The currency is overall assessed as technically neutral for the short term.

According to expectations, BTC prices could rise long-term and hit hundreds of thousands. This rise could happen eventually, as, only in November 2021, the price change of one BTC increased significantly, leading to its all-time high of $68,789.63.

Today’s live Bitcoin price is $21,728.48, with a 24-hour trading volume of $31,514,628,706 USD. Bitcoin has been up 1.56% in the last 24 hours. The current CoinMarketCap ranking is #1, with a live market cap of $415,696,334,918. It has a circulating supply of 19,131,400 BTC coins and a max. supply of 21,000,000 BTC coins.

Also Read:
• Best Bitcoin Wallets In 2022
• Bitcoin Cash Price Prediction
• Bitcoin Gold Price Prediction
• Bitcoin Futures: All You Need To Know

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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. The 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?

Several factors are responsible for the price movement of cryptocurrencies. These price-determining factors include demand and supply, investor sentiments, availability, economic cycles, adoption rate, functionality, governance & forks, regulations, news, etc. Although Bitcoin is a mainstream digital currency, its price movement is also subject to these factors, as with other currencies.

For instance, the 24 February 2022 sell-off was sparked by Russia’s invasion of Ukraine, which also saw global stocks fall sharply. Bitcoin has been correlated with other risk assets like stocks for several months. More institutional investors get involved, and short-term investors who trade bitcoin like other risk equities have entered the market.

Recently, Bitcoin bottomed at $17,708 (its 52-week low) on June 18, 2022, due to the news about several exchanges, lending pools, and other cryptocurrency companies battling liquidity problems. 

Celsius, a DeFi platform and top crypto lender was the source of negative market sentiments in the middle of June 2022. The platform announced that it had paused swaps, withdrawals, and transfers between accounts due to the extreme crypto market conditions – this has been the status quo since June 13. 

Three arrows capital (3AC) is another firm that was plunged into bankruptcy because of the meltdown of TerraUSD/LUNA and liquidations by Voyager, Celsius, and BlockFi. Consequently, Bitcoin dipped by about 68% from its current all-time high, affirming the effect of investor sentiments, news, demand, supply, etc.

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.

Bitcoin Price Overview

Bitcoin has had a sustained bearish run in the past few months, with its value dipping to as low as $17,708. With the current series of events in the market, especially the collapse of LUNA/TerraUST and the liquidity issues befalling lending pools and crypto companies, traders and investors alike have been forced to dump their positions.

Bitcoin Price Prediction 2022-2031: Will Bitcoin Bulls Rally? 1

At the time of writing, Bitcoin is trading at $21,472.12, a loss in value of about 68% from its current ATH of $68,789.63. The 24-hour trading range of Bitcoin is $20.95k to $21.64k. The leading crypto has been fluctuating near the $22,000 mark over the past week as many financial markets and the crypto space struggle to regain upward momentum.

Will Bitcoin survive the current onslaught? Have we seen the bottom already, or there’s more to come below $17K? It remains to be seen where the market goes from here and if this is the right time to invest in Bitcoin long–term or sell short for profits. 

Bitcoin Technical Analysis

Bitcoin Price Prediction 2022-2031: Will Bitcoin Bulls Rally? 2

Investors have accepted lower prices over time to get out of Bitcoin, and the currency is in a falling trend channel in the medium-long term. This signals increasing pessimism among investors and indicates a possible future decline for Bitcoin. BTC has support at $18,300 and resistance at $25,000. Overall, the asset is assessed as technically negative for the medium-long term investments.

Bitcoin Price Prediction 2022-2031: Will Bitcoin Bulls Rally? 3

Bitcoin shows weak development in a falling trend channel in the long term. Falling trends indicate that the currency experiences negative development and falling buy interest among investors. The currency gave a negative signal from the head and shoulders formation by the break down through the support at $31,687. Further fall to 17,708 or lower is signaled. Overall, BTC is perceived as technically negative in the long term.

Bitcoin Price Predictions 2022-2031

Wallet Investor 

According to the smart technical analysis by Wallet Investor, Bitcoin will hit a market price of $34,783.90 in 2023 and $87175.60 in 2027, making BTC a good asset for long-term investment. For short-term trades, Wallet Investor anticipates BTC could continue to trade in the $21,000 region in the coming days.


TradingBeasts predicts BTC to have an average price of $21,225.31 by December 2022, with the minimum and maximum prices being $18,041.52 and $26,531.64, respectively. 

According to TradingBeasts, BTC will experience a decline in valuation for all of 2023, closing the year with an average price of $19,858.67 and a minimum price of $16,879.87. Going into 2024, the team expects a further devaluation of Bitcoin, predicting a price range of $15,443.63 to $18,158.39 by December 2024.

Furthermore, TradingBeasts predicts the bears will retain control of the BTC market throughout 2025. They anticipate Bitcoin will have a minimum price of $14,645.202 by December 2025, with the average and maximum prices set at $17,229.781 and  $21,537.61, respectively.


According to the Bitcoin prediction by Longforecast, Bitcoin will end 2022 with a monthly price range of $13,056 to $16,331. Going into 2023, Longforecast’s predictions indicate investors should expect major market losses, as BTC could close below the $10,000 mark.

In 2024, Longforecast anticipates BTC will show an overall bull market reversal, trading as high as $24,144 by December 2024 and closing the year at $22,098. Also, per the team’s projections for 2025, BTC is expected to undergo a sequence of gains and losses, leading to a minimum and maximum price of $23,120 and $28,696 by the end of the year.

According to their predictions for 2026, the team anticipates Bitcoin will trade for as low as $15519 in August. A market rebound is also expected within the year, resulting in BTC closing the market at $21,947 in September 2026.


Bitcoin Price Prediction 2022-2031: Will Bitcoin Bulls Rally? 4
YearMinimum Price ($)Average Price ($)Maximum Price ($)

Bitcoin Price Prediction 2022

The Bitcoin market has been a downtrend in the past weeks and months, losing over 27.19% in 3 months. Following our Bitcoin price forecast, we expect some positive momentum toward the end of the year, leading to an average price of $28,204.81, a minimum price of $26,078.04, and a maximum price of $29,733.37.

Bitcoin Price Prediction 2023

According to our Bitcoin forecast, BTC will experience steady gains in 2023, leading to a minimum price of $28,377.37, with the maximum market value being $34,305.93. Investors could also expect an average price of $31,486.23. These price levels could arise from an increase in BTC’s liquidity in the market.

Bitcoin Price Prediction 2024

By 2024, Bitcoin could be trading at an average price of $31,093.39 per our price prediction. We also project a minimum and maximum price of $26,084.65 and $34,456.16, respectively.

Bitcoin Price Prediction 2025

In 2025, our Bitcoin price prediction indicates the coin will record significant gains, hitting a maximum price of $48,796.41. The expected minimum and average prices are $36,961.39 and $41,854.94. Aside from the Central African Republic(CAR) and the Republic of El Salvador, if more nations adopt the premier crypto as a legal tender in the coming years, Bitcoin could experience widespread adoption, leading to higher price levels.

Bitcoin Price Prediction 2026

According to our BTC price prediction, Bitcoin, the crypto market leader, will experience a dip in its valuation by up to 8%, leading to an average price of $38,372.13. The projected market price range is $34,924.71 to $41,351.77. 

Bitcoin Price Prediction 2027

Per our BTC price forecast, Bitcoin is expected to exhibit an upward trajectory attaining an average price of $50,519.36 with its minimum price being $41,313.76. The digital asset could also trade as high as $56,559.36, a 163.76% increase from the current market price.

Bitcoin Price Prediction 2028

According to our BTC price predictions for 2028, Bitcoin will trade at a maximum price of $76,183.47, with a mean market value of $69,821.17. The expected lowest Bitcoin price is 62,494.73. If there are significant improvements on the Bitcoin blockchain regarding scalability, it will result in faster network transactions and increase the usage of BTC, leading to these market prices.

Bitcoin Price Prediction 2029

By 2029, Bitcoin would be trading above $90,000 per our price predictions. Investors could expect a maximum BTC price of $91,310.61, with a minimum and average price of $83,937.35 and $88,340.32, respectively.

Bitcoin Price Prediction 2030

In 2030, our price predictions are that Bitcoin will trade between $94,680.64 to $101,818.13, with the average trading price at $98,427.81. If there are more governmental and financial policies that encourage mass crypto adoption, it will contribute to Bitcoin’s price reaching new heights.

Bitcoin Price Prediction 2031

According to our price predictions for 2031, Bitcoin will have an average market price of $110,921.46 and a minimum price of $105,308.83. If the bulls exhibit firm control of the market, the price of the coin could soar as high as $117,691.36, which is more than 5x the current bitcoin price.

Bitcoin Price Prediction by Market Experts

According to experts at The Times Money Mentor, “Bitcoin’s price is mostly speculative, and predicting its future worth exactly is almost impossible. Invariably, the price action of the asset will be driven by sentiments. However, if bitcoin price history is anything to go by, there are chances of a full recovery in the future. Bitcoin plummeted by 83% in 2018 before blazing to record highs in 2020 and 2021.”

They added that “there are no guarantees of the coin reaching $69,000 as seen in late 2021. Anyone currently invested in bitcoin might want to hold on to their hats for the time being. And for those awaiting a BTC quick bounce back, you might need to be very patient.”

According to a tweet from Kevin Svenson, a crypto market analyst, he exuded caution on a swift rebound in the market price of BTC. He went on to refer to the market downturn of 2018. Apparently, Bitcoin’s recovery to its ATHs in the short term could be an unrealistic ask.

Here’s an analysis from BitcoinHyper, a YouTube Bitcoin Analyst. 

Bitcoin is historical, according to Nick Szabo, reputed to be the true “Satoshi Nakamoto”:

The Bitcoin public blockchain implements a global settlement layer (“layer 1” in bitcoin parlance).  The closest historical analog to the Bitcoin settlement layer is not to the bank notes, nor even to the coins (despite its name), it is to the monetary metal that for most of monetary history from ancient civilization to the 20th century ultimately underlay the IOUs.

Nick Szabo

Business as usual according to Gavin Andresen: one of the leaders of Bitcoin’s early development:

The Bitcoin ecosystem is incredibly rich and robust these days. I can’t keep track of all the development that is being done, and I’m excited to see multiple implementations of the Bitcoin protocol slowly starting to gain acceptance. It will be a long process, but moving away from One True Implementation will be very good for Bitcoin in the long run.

Gavin Andresen

If you can tolerate a bit of Bitcoin history, here’s a video on BIP from a Bitcoin connoisseur, Andreas Antonopoulos:


Following its creation in 2009, Bitcoin has transcended from a mere store of value to a form of financial freedom, gaining consistent global interest. Due to rising interest rates and inflation, the crypto market and world economies are in very rough waters. And in turn, crypto investors are beginning to dial down their risk levels, selling off risky assets.

Bitcoin has continued to flow into exchanges, indicating that the bear market could persist in the short term as BTC holders continue to sell off their assets. BTC on exchanges rather than wallets means that holders can initiate liquidation anytime and quickly so. This current market status is typical of the 2017-18 scenario; however, the market is more mature now, and recoveries might be in the offing soon as investors reignite interest in cryptos as a haven.

Regardless, it is essential to state that the Bitcoin price prediction above is not investment advice, and all market actions by traders should be preceded by comprehensive personal research.

Disclaimer. The information provided is not trading advice. Cryptopolitan.com holds no liability for any investments made based on the information provided on this page. We strongly recommend independent research and/or consultation with a qualified professional before making any investment decisions.


Is Bitcoin a Good Investment?

According to analysts, it is good to buy Bitcoin before it’s too late and the entire world starts to accept Bitcoin, and it turns into a global currency. Fiat currencies won’t hold much value in the future as the crypto market surges to new heights despite the bearish market we see now. Our analysis shows that blockchain technology adoption will surge, and more investors will acquire digital assets, making Bitcoin a good investment.

How many Bitcoins are left to be mined?

There are a total of 21 million Bitcoin to be ever created. 19.13 have already come out of the mining farms that perform hashing algorithms that help Bitcoins blockchain network and related companies to do their work. Therefore, most Bitcoin has already come into existence (around 90 percent), and one would think about what would need to change to get more Bitcoin after the total maximum is exceeded. The answer is – you will have to acquire them through crypto exchanges.

What will Bitcoin be worth in 2023?

According to our Bitcoin forecast, BTC will experience steady gains in 2023, leading to a minimum price of $28,377.37, with the maximum market value being $34,305.93. Investors could also expect an average price of $31,486.23. These price levels could arise from an increase in BTC's liquidity in the market.

How high can Bitcoin price rise?

According to our price predictions for 2031, Bitcoin will have an average market price of $110,921.46 and a minimum price of $105,308.83. If the bulls exhibit firm control of the market, the price of the coin could soar as high as $117,691.36, which is more than 5x the current bitcoin price.

What's causing Bitcoin prices to drop?

Some factors leading to the fall of Bitcoin’s price include rising interest rates, growing inflation, potential recession, and of course, the persistent war in Ukraine.

Where to buy Bitcoin?

Bitcoin is the largest cryptocurrency in the market and is available on virtually all exchanges. You can buy bitcoin from Binance, FTX, Coinbase Exchange, KuCoin, Gate.io, and many others.

Shawn Du'Mmett

Shawn Du'Mmett

Former IT development and consultant, remote team and collaboration expert, PM, CCO, writer, dreamer, idealist looking to collaborate with global teams on a global teal/turquoise organisation. Shawn's dream is working together openly, to get what writers need and want, and to solve biggest global problems. He is building a collaboration system from the start that everyone can own and define, allowing them to work together, to decide how it works and to their highest ideals.

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