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

bitcoin price

BTC Price Predictions 2022-2031

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. This Bitcoin Price Prediction intends to shed a light on the long tunnel of crypto winter.

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 Bitcoin price is $21,123.71 USD with a 24-hour trading volume of $33,482,975,347. Bitcoin is down 0.98% in the last 24 hours. The current CoinMarketCap ranking is #1, with a live market cap of $405,579,031,142. It has a circulating supply of 19,200,181 BTC coins and a max. supply of 21,000,000 BTC coins.

Also Read:
• Best Bitcoin Wallets In 2022
• The use of bitcoin goes beyond an investment asset
• Analysts predict Bitcoin price to remain bullish after returning to $11000
• 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. 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
Source: Investtech.com

The Bitcoin price movements on the chart above show that an approximate horizontal trend channel is broken up in the short term, and continued strong development is indicated. Bitcoin also gave a positive signal from the double bottom formation at the break up through the resistance at $20,368. Further rise to $21,803 or more is signaled. 

The crypto has support at $20,400 and resistance at $22,200. Volume has previously been high at price tops and low at price bottoms. Volume balance is also positive, which strengthens the trend break. The short-term momentum of Bitcoin is strongly positive, with RSI above 70. This indicates increasing optimism among investors and a BTC price rise could be imminent. 

However, particularly for big stocks, a high RSI may be a sign that the stock is overbought and that there is a chance of a reaction downwards. The RSI curve shows a rising trend, which could be an early signal of the start of a rising trend for the price as well. Overall, Bitcoin’s price is assessed as technically positive for the short term.

Bitcoin Price Prediction 2022-2031: Will Bitcoin Bulls Rally? 3
Source: Investtech.com

Bitcoin shows weak development in a falling trend channel in the long term. Falling trends indicate that the coin is experiencing negative development, falling buy interest among investors, and a price decline. Bitcoin gave a negative signal from the head and shoulders formation by the break down through the support at $31,687. Further fall to $17,599 or lower is signaled. Currently, BTC is between support at $19,000 and resistance at $29,000. 

A definitive break through of one of these levels predicts a new direction. A positive volume balance shows that volume is higher on days with rising prices than on days with falling prices. This indicates increasing optimism among investors. In the long term, BTC is assessed as technically negative.

Bitcoin Price Predictions by Cryptopolitan

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

Bitcoin Price Prediction 2022

According to our Bitcoin price prediction for 2022, BTC is expected to close the year with a maximum price of $26,108.43. Our projections indicate that Bitcoin will trade at a minimum and average price of $18,258.67 and $22,058.32, respectively. With the recent developments in countries with dire economic conditions turning to crypto, Bitcoin could have a good toward the end of the year.

Bitcoin Price Prediction 2023

Our Bitcoin price prediction for 2023 suggests that BTC will record steady price gains attaining a maximum price of $38,445.99. Investors should also anticipate an average trading price of $35,126.77 and a minimum market price of $31,738.89. 

Bitcoin Price Prediction 2024

Per our Bitcoin price prediction for 2024, BTC will rise in value, hitting a maximum price of $49,241.47. The digital coin is expected to have a minimum price of $41,907.87, while its average market price could be around $45,545.17. 

Bitcoin Price Prediction 2025

According to our Bitcoin price prediction for 2025, BTC will attain trade as high as $59,656.20. We also forecast a minimum price of $51,782.72 and an average trading price of $55,626.94. By 2025, the Bitcoin network could be operating with a higher level of scalability, leading to an increase in Bitcoin adoption and market prices.

Bitcoin Price Prediction 2026

Our Bitcoin price prediction for 2026 indicates the premier cryptocurrency will sell at a maximum price of $63,063.48. Investors should also expect a minimum price of $59,180.62, leading to an average market price of $55,583.15. 

Bitcoin Price Prediction 2027

According to our Bitcoin price prediction for 2027, BTC will trade at a maximum price of $70,736.02, representing about a 230% gain on the current market price. Our BTC price forecasts also suggest that Bitcoin will have a minimum and average market price of $63,069.02 and $66,907.39, respectively.

Bitcoin Price Prediction 2028

Per our Bitcoin price prediction for 2028, BTC could surpass its all-time high value($69,045.00), hitting a maximum price of $82,707.86. This digital asset is not expected to trade lower than $74,470.14 while maintaining an average market price of $78,548.53. 

Bitcoin Price Prediction 2029

Our Bitcoin price prediction for 2029 indicates the BTC market will record more gains than losses leading to a maximum market price of $99,555.26. As per our Bitcoin forecast and technical analysis, a minimum price of $90,998.08 and an average market price of $95,228.24 are expected.

Bitcoin Price Prediction 2030

According to our Bitcoin price prediction for 2030, BTC will trade at a maximum price of $122,083.49. BTC is expected to have a minimum price of $113,311.89 and an average trading price of $117,530.26. 

Bitcoin Price Prediction 2031

According to our Bitcoin price prediction for 2031, BTC will be valued at about seven times the current Bitcoin price, attaining a maximum price of $150,596.67. Investors could also anticipate a minimum price of $141,797.46, while the average market price would be around $146,156.48.

Before investing in Bitcoin cryptocurrency, you must note that it is impossible to accurately predict price movements; hence, your investment decisions must not be solely informed by price prediction and all sorts. Do your own research, consult with experts and invest only what you can afford to lose.

Bitcoin Price Prediction by Wallet Investor 

Wallet Investor predicts Bitcoin to rise to a value of $21,880.31 in 2023 and $26,291.21 in 2027. Therefore, they consider the financial asset as a good long-term investment. In the short term, they expect BTC to trade at an average market price of $22,153.56, a minimum price of $21,650.79, and an average price of $22,628.18.

Bitcoin Price Prediction by PricePrediction.net

According to TradingBeasts, Bitcoin will have a bullish run in the coming months and years. The coin is expected to close in 2022 with a maximum market price of $24,180.82. They further predict BTC will start 2023 with a bullish run, with a minimum price of $31,969.20 and a peak price of $39,551.68. In 2024, TradingBeasts anticipates Bitcoin to maintain its upward trajectory, attaining an average price of $48,267.12, and a maximum price of $56,053.15. 

Priceprediction.net BTC price forecast expects a maximum value of $81,167.30 in 2025, $119,739.87 in 2026, $172,684.54 in 2027, and over $250,000 in 2028. By 2031, they predict Bitcoin to trade at a minimum price of $680,134.08, an average price of $699,389.09, and a maximum price of $818,478.91.

Bitcoin Price Prediction by Technewsleader

According to Technewsleader, the price of BTC can go as high as $31,050.41 in 2023, and $100,951.52 in five (5) years. By 2031, the analysis provided by Technewsleader estimates that Bitcoin could be trading as high as $700,000.

Bitcoin Price Prediction by Cryptocurrency Market Experts

According to the bitcoin price forecast from More Crypto Online on YouTube, BTC is in the category of coins that are clearly not in a breakup pattern, and yet difficult to say if Bitcoin reached its bottom. He goes on to add that Bitcoin has to break through the $21.7k price level to experience a bullish run, and if that happens, we could see the premiere crypto reaching $25k and then $30k (the highest price since June).

YouTube video

Michael Saylor, Microstrategy’s CEO, in a response to a CNBC report on the financial crisis in Lebanon, suggests that Bitcoin could be the hope of the Lebanese people.

A surge in trading volumes for BTC due to the projected high demand means higher liquidity and better order execution which will push prices in the same direction.


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 cryptocurrency exchange 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 investors in years to come. However, before you buy Bitcoin or any other cryptocurrency, do remember to perform your own research, taking into account all risks involved.

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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.

How high can Bitcoin price rise?

Favorable market conditions will push BTC to a high price of $150,596.67.

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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