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Bitcoin price prediction 2024-2030: Will BTC price surpass $100K post-halving?

Key takeaways

  • Bitcoin price faces increasing buying demand above $100K.
  • Our Bitcoin price prediction expects BTC’s price to reach $100K by the end of 2024 due to the bullish sentiment following the halving event.
  • By 2030, BTC might touch $270,593 following increased institutional adoption.

Bitcoin is approaching a significant milestone, with the potential to hold above $100,000. This surge in value is partly attributed to the broader market response to Donald Trump’s election. 

Since the beginning of the year, Bitcoin’s price has doubled, but it has seen a notable 45% increase in just the two weeks following the presidential election. This boost has solidified Bitcoin’s role in the so-called “Trump trade,” with the president-elect’s positive stance on the cryptocurrency industry fueling investor optimism about this emerging asset class.

As Bitcoin on-chain activities surge, questions arise, such as: “Does Bitcoin have the potential of hitting the $100K mark?” or “Will Bitcoin go up?” or “Where will Bitcoin be in 5 years?” Let’s answer them using our Bitcoin price prediction.

Overview

CryptocurrencyBitcoin
TokenBTC
Price$102,649
Market Cap$1,238,914,422,643
Trading Volume$22,318,495,561
Circulating Supply19,719,062
All-time High$103,900, December 5, 2024
All-time Low$0.04865, Jul 15, 2010
24-hour high$103,900
24-hour low$94,660

Bitcoin Price Prediction: Technical Analysis

MetricValue
Current Price$102,649
Price Prediction $ 108,001  (11.67%)
Fear & Greed Index 84 (Extreme Greed)
Sentiment Bullish
Volatility 12.34%
Green Days 17/30 (57%)
50-Day SMA $ 87,855
200-Day SMA $ 76,476
14-Day RSI 69.34

Bitcoin price analysis

TL;DR Breakdown:

  • BTC price analysis shows a strong bullish pressure as Bitcoin price breaks above $100,000
  • Resistance for BTC is at $104,717
  • Support for BTC/USD is at $99,453

The BTC price analysis for 5 December confirms that Bitcoin is facing increased buying pressure as it broke above the much-anticipated $100K mark. Currently, there’s a strong buying demand as Bitcoin holds above its $100K zone.

BTC price analysis 1-day chart: Bitcoin price breaks $100K; forms new ATH

Analyzing the daily Bitcoin price chart, we see that BTC’s price faced intense pressure as it continues to break above resistance channels. In recent hours, the price of BTC broke above $100K and formed a new ATH at $103,900. The 24-hour volume has surged to $8 billion, raising interest in trading today. BTC is trading at $102,649, surging by over 4.6% in the last 24 hours.

Bitcoin shows volatility

The RSI-14 trend line has surged from its previous level but trades around the overbought region at 72, hinting that a bearish pressure is on the edge. The SMA-14 level suggests volatility in the next few hours.   

BTC/USD 4-hour price chart: Bulls aim for an immediate correction

The 4-hour Bitcoin price chart suggests that bulls are strengthening their position as they are aiming to hold the price above the EMA trend lines. Currently, bulls are maintaining buying confidence as the BTC price aims for a retest of resistance.

Bitcoin aims for immediate correction

The BoP indicator trades in a bullish region at 0.81, showing that short-term buyers are taking a chance to accelerate an upward trend.

Additionally, the MACD trend line has formed green candles above the signal line and the indicator aims for a positive momentum, strengthening long-position holders’ confidence.

Bitcoin Technical Indicators: Levels And Action

Daily Simple Moving Average (SMA)

PeriodValueAction
SMA 3$ 86,233BUY
SMA 5$ 88,444BUY
SMA 10$ 92,201BUY
SMA 21$ 90,791BUY
SMA 50$ 77,855BUY
SMA 100$ 69,289BUY
SMA 200$ 66,476BUY

Daily Exponential Moving Average (EMA) 

PeriodValueAction
EMA 3$ 87,424BUY
EMA 5$ 82,228BUY
EMA 10$ 75,482BUY
EMA 21$ 69,843BUY
EMA 50$ 65,401BUY
EMA 100$ 63,569BUY
EMA 200$ 61,244BUY

What to expect from BTC price analysis next?

The hourly price chart confirms that Bitcoin is attempting to drop below the immediate support line; however, bulls are eyeing a recovery rally in the coming hours. If BTC’s price holds momentum above $104,717, it will fuel a bullish rally to $109,000.

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BTC/USD chart

If bulls fail to initiate a surge, the BTC price may drop below the immediate support line at $99,453, beginning a bearish trend to $94,545.

Is Bitcoin a Good Investment?

The rising institutional demand for Bitcoin makes it a good investment option. However, Bitcoin has a short investment history that is filled with very volatile prices. Whether it is a good investment depends on your financial profile, investment portfolio, risk tolerance, and investment goals.

Why is Bitcoin Up Today?

Following Donald Trump’s victory in the elections, Bitcoin faced increasing buying activity. As a result, the BTC price broke through the $100K mark and formed a new ATH.

Will BTC Price Reach $100K?

Bitcoin price recently broke its much-anticipated mark of $100K, forming a new ATH. The price is currently aiming to maintain its buying demand above $100K.

Will BTC Price Reach $1 Million?

$1 Million is a significant milestone for BTC price. However, it is achievable if Bitcoin continues to attract institutional interest in the coming years.

Is Bitcoin a Good Long-Term Investment?

As several institutions continue to accumulate BTC and Bitcoin faces a rise in global recognition, Bitcoin has a solid long-term future.

Recent News

Robert Kiyosaki predicts Bitcoin may drop to $60,000 but views this as a buying opportunity, expecting it to eventually stabilize around $250K by 2025.

Bitcoin Price Prediction December 2024

November was a bullish month for Bitcoin, characterized by significant upswings. Will BTC price establish a new ATH in December? 

Bitcoin’s price might attempt to surge toward $100,000 from its recent low and be pushed further, at least $105,000 if strong downward pressures are not seen. However, we might see a rejection on the bearish side, leading to a consolidation around $92K.

Bitcoin Price PredictionPotential LowPotential AveragePotential High
Bitcoin Price Prediction December 2024$92,000$100,000$105,000

Bitcoin Price Prediction 2024

Historically, Bitcoin has been a significant crypto coin in the year following a halving, and it is expected to push up its price. Bitcoin miners might play a crucial role in holding bullish sentiment for future price movements.  

Bitcoin spot ETFs are projected to be a key driver of Bitcoin prices and the broader cryptocurrency market in 2024. 

Furthermore, there is an increasing bullish sentiment that the base interest rates could be cut in the US, and thus, help to further the upward movement of Bitcoin. An outcome of which the 2024 year could be positive for Bitcoin, with its crypto-price perhaps touching $110,000 in the highest and the low could be around $88,000.

Bitcoin Price PredictionPotential LowPotential AveragePotential High
Bitcoin Price Prediction 2024$88,000$97,000$105,000

Bitcoin Price Predictions 2025-2030

YearMinimum PriceAverage PriceMaximum Price
2025$95,000$120,000$160,000
2026$115,000$130,000$185,000
2027$140,491$170,100$216,738
2028$164,063$185,068$244,142
2029$195,629$200,312$255,321
2030$225,903$248,568$270,593

Bitcoin Price Prediction 2025

The Bitcoin Halving event’s impact is expected to last into 2025, potentially holding the Bitcoin price above the $100,000 mark. If the global economy strengthens and inflation stabilizes at 2%, interest rates could be reduced by 2025.

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Clearer crypto regulations could boost BTC investor confidence, leading to more buying demand amid scarcity due to halving.

Following the halving event over the next 12-18 months, BTC price is expected to surge toward $160,000, with a minimum price of $95,000.

Bitcoin Price Prediction 2026

Bitcoin might witness a slow growth after 2025’s halving surge, resulting in a surge in selling pressure. However, more financial products including a surge in ETF demand might hold BTC price within a bullish region. We might see a maximum price of $185,000, with a minimum price of $115,000 and average price of $130,000. However, BitMEX Ceo Arthur Hayes predicted the BTC price to touch $700K in 2026.

Bitcoin Price Prediction 2027

Based on detailed technical analysis of past Bitcoin price data, it is projected that in 2027, Bitcoin could see a minimum price of $140,491. The potential maximum price is estimated to be $216,738, with an average value of $170,100.

Bitcoin Price Prediction 2028

By 2028, Bitcoin’s price is expected to reach a low of $164,063. Maximum price projections are as high as $244,142, averaging about $185,068 for the year.

Bitcoin Price Forecast 2029

Projections for 2029 suggest that Bitcoin could be valued at a minimum of $195,629. The price may peak at as much as $255,321, with an average throughout the year expected to be around $200,312.

Bitcoin (BTC) Price Prediction 2030

The forecast for 2030 suggests that Bitcoin’s price could start at a minimum of $225,903 and potentially rise to a maximum of $270,593. The average price is anticipated to stabilize at about $248,568 throughout the year.

Bitcoin Price Predictions 2024-2030

Read more: Bitcoin into the last april weekend 2024 – btc halving chronicles

Bitcoin Market Price Prediction: Analysts’ BTC Price Forecast

Firm Name20242025
Gov.Capital$101,790$121,352
DigitalCoinPrice$103,755$130,963
TradingBeasts$88,632$154,235
  • CoinCodex predicts Bitcoin’s price could reach $158,827 by 2025, using the Bitcoin Rainbow Chart based on past volatility and the cyclical nature of Bitcoin Halving events.
  • Cathie Wood of Ark Invest forecasts Bitcoin may hit $600,000 by 2030, with a potential rise to $1.5 million in her bull case scenario after Bitcoin ETFs approval.
  • Bloomberg Intelligence’s Mike McGlone estimates Bitcoin will reach $100,000 by 2030, attributing the increase to rising demand and BTC scarcity.
  • Robert Kiyosaki predicts Bitcoin price to touch $120,000 by the end of 2024.

Cryptopolitan’s Bitcoin (BTC) Price Prediction

At Cryptopolitan, we are bullish on Bitcoin’s future price as the historical market sentiment is extremely impressive. By the end of 2024, Bitcoin might record a maximum price of $105,000, with a minimum price of $88,000 and an average price of $97,000.

However, the future market potential for Bitcoin entirely depends on its buying demand, regulation and investor sentiment in long-term holding. 

We expect Bitcoin price to create a high of $105,000 by the end of 2024. 

Bitcoin Historical Price Sentiment

BTC Price History
  • Satoshi Nakamoto created Bitcoin in 2009, marking the first use of blockchain technology.
  • Bitcoin was initially of little value, gaining significant traction and hitting over $15,000 during the 2017 boom, with further highs reached in 2019 and 2021.
  • In 2021, Bitcoin peaked at $68,789.63 but dropped to $15,760 by December 2022 amid economic pressures including inflation and geopolitical conflicts.
  • By April 10, 2023, Bitcoin’s price surged 83%, breaking the $30,000 resistance level.
  • Throughout mid-2023, Bitcoin’s value hovered around $30,000, nearly reaching $32,000 due to positive market sentiments and potential ETF approvals.
  •  Bitcoin experienced a significant price drop in mid-August 2023, falling to $25,000 and remained volatile with October prices fluctuating between $26,000 and $29,500.
  • Bitcoin closed 2023 above $42,000, a 155% increase from the year’s start.
  • Early 2024 saw Bitcoin rise above $45,000 in anticipation of multiple ETF approvals, despite a brief dip below $40,000 following the ETF approval.
  • Bitcoin’s price surged in February 2024, breaking its previous all-time high from 2021 on March 5th, reaching over $70,000 by March 8th, and setting a new high of $73,750.07 on March 14th.   
  • However, in April, the BTC price dropped below $60K.   
  • Later in May, the price of bitcoin surged and knocked the $70K level. 
  • In the weeks of June and July, BTC price witnessed heavy fluctuations as it hovered within the range of $70K-$55K.  
  • In September, the price of BTC surged toward $66K following Fed’s interest rate cut decision.    
  • In October, the price of Bitcoin faced an Uptober rally, resulting in a push toward the significant $70K resistance level.   
  • In November, the price of BTC witnessed a robust surge following Donald Trump’s victory, nearing the $100K mark.
  • In 2024, Bitcoin casino emerged as a modern and innovative platform for gaming enthusiasts, offering the benefits of anonymity, security, and fast transactions.     

FAQs

Will the Bitcoin price go back up?

Following the recent launch of spot Bitcoin ETFs in US and Hong Kong, BTC price might witness robust buying pressure in the coming months.

Will Bitcoin Hit $1 Million by 2030?

Institutional investors like Michael Saylor expect the BTC price to surge toward $1 million by 2030; however, our BTC price prediction expects a maximum price of $270K by 2030.

What is the projected price of Bitcoin in 2025?

The Bitcoin Halving is expected to keep BTC prices above $100,000 into 2025, depending on global economic conditions and clearer cryptocurrency regulations. Post-halving, the BTC price could rise towards $160,000, with a potential low of $95,000.

Is Bitcoin a good investment?

Yes, considering the current market sentiment and rising institutional adoption, BTC price is expected to surge in the following days and might be a good investment option in the long term.

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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 decision.

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