• About
  • Advertise
  • Contact
Cryptopolitan
  • Home
  • News
    • All
    • Altcoin News
    • Binance News
    • Bitcoin Cash News
    • Bitcoin News
    • Blockchain News
    • Cardano News
    • ChainLink News
    • Cyber Security News
    • Dogecoin News
    • EOS News
    • Ethereum News
    • Exchange News
    • Industry News
    • Litecoin News
    • Monero News
    • Polkadot News
    • Regulation News
    • Research News
    • Ripple News
    • Scam News
    • Token Sale
    • Tron News
    DOGE price prediction

    DOGE Price Prediction: Dogecoin on the brink of a 50 percent price breakout

    FATF

    Bitcoin could soon be adopted for international exchange – CitiBank Analyst

    Did the Farmcubation of $EBOX Work? 1

    Did the Farmcubation of $EBOX Work?

    ethbox Smart Contract Code is Fully Audited and As Secure As Possible 2

    ethbox Smart Contract Code is Fully Audited and As Secure As Possible

    Ripple

    Ripple price slide continues

    decentralized exchange trading

    Decentralized exchange trading lacks infrastructure despite rapid growth

    Binance Coin price

    Binance Coin price prediction: BNB to fall further as $220 support withers

    Bitcoin whale

    Bitcoin Whale moves 7,073 BTC to cold storage

    Binance

    Binance launches support for ADA upgrade

    Trending Tags

    • Fintech
    • Bitcoin Industry
    • Stock Market
    • Digital Currency
    • Bitcoin
    • Altcoin
    • Blockchain
    • Binance
    • Security
    • Ripple
    • Litecoin
    • Ethereum
    • Dogecoin
    • Cardano
    • Tron
    • Token Sale
    • Industry
    • Exchange
    • Polkadot
    • ChainLink
  • Guides
  • Regulation
  • Price Index
    • Bitcoin Price
    • Ethereum Price
    • Ripple Price
    • Bitcoin Cash Price
    • Chainlink Price
    • Litecoin Price
    • Polkadot Price
    • Cardano Price
    • Binance Coin Price
    • Stellar Price
    • EOS Price
    • Tron Price
    • Monero Price
    • Dash Price
    • IOTA Price
    • Dogecoin Price
    • Altcoin Price
    • Sushi Price
    • Uniswap Price
  • Research
  • Scam
  • Events
No Result
View All Result
Cryptopolitan
  • Home
  • News
    • All
    • Altcoin News
    • Binance News
    • Bitcoin Cash News
    • Bitcoin News
    • Blockchain News
    • Cardano News
    • ChainLink News
    • Cyber Security News
    • Dogecoin News
    • EOS News
    • Ethereum News
    • Exchange News
    • Industry News
    • Litecoin News
    • Monero News
    • Polkadot News
    • Regulation News
    • Research News
    • Ripple News
    • Scam News
    • Token Sale
    • Tron News
    DOGE price prediction

    DOGE Price Prediction: Dogecoin on the brink of a 50 percent price breakout

    FATF

    Bitcoin could soon be adopted for international exchange – CitiBank Analyst

    Did the Farmcubation of $EBOX Work? 3

    Did the Farmcubation of $EBOX Work?

    ethbox Smart Contract Code is Fully Audited and As Secure As Possible 4

    ethbox Smart Contract Code is Fully Audited and As Secure As Possible

    Ripple

    Ripple price slide continues

    decentralized exchange trading

    Decentralized exchange trading lacks infrastructure despite rapid growth

    Binance Coin price

    Binance Coin price prediction: BNB to fall further as $220 support withers

    Bitcoin whale

    Bitcoin Whale moves 7,073 BTC to cold storage

    Binance

    Binance launches support for ADA upgrade

    Trending Tags

    • Fintech
    • Bitcoin Industry
    • Stock Market
    • Digital Currency
    • Bitcoin
    • Altcoin
    • Blockchain
    • Binance
    • Security
    • Ripple
    • Litecoin
    • Ethereum
    • Dogecoin
    • Cardano
    • Tron
    • Token Sale
    • Industry
    • Exchange
    • Polkadot
    • ChainLink
  • Guides
  • Regulation
  • Price Index
    • Bitcoin Price
    • Ethereum Price
    • Ripple Price
    • Bitcoin Cash Price
    • Chainlink Price
    • Litecoin Price
    • Polkadot Price
    • Cardano Price
    • Binance Coin Price
    • Stellar Price
    • EOS Price
    • Tron Price
    • Monero Price
    • Dash Price
    • IOTA Price
    • Dogecoin Price
    • Altcoin Price
    • Sushi Price
    • Uniswap Price
  • Research
  • Scam
  • Events
No Result
View All Result
Cryptopolitan
No Result
View All Result
Home Guides

Bitcoin Price Prediction 2021, 2023-2025

Shawn Du'Mmett by Shawn Du'Mmett
September 21, 2020
in Guides
344 min read
bitcoin price
585
SHARES
3.2k
VIEWS
Share on FacebookShare on Twitter

What’s Bitcoin?

Launched over ten years ago in 2009, Bitcoin is a virtual currency powered by blockchain technology. The coin was created by Satoshi Nakamoto to overcome the shortcomings of government-issued currencies without requiring a controlling authority. It has since then grown in popularity. Searches like how to use Bitcoin and how to sell bitcoin have become commonly featured on search engines such as Google.

The popularity of BTC has led to more people scrambling to get a place on the Bitcoin train when time is still prime. While this had a direct impact on the crypto’s price, it invited unlikely guest-huge price swings. From cents, it appreciated to $20K per BTC then spiraled down to $3K. Bitcoin (BTC price encountered massive turbulence.

Bitcoin exchanging hands

For context, in October 2009, one bitcoin exchanged hands at $0.0009 only for it to shoot to slightly above $20,000 towards the end of 2017. Unfortunately, at the beginning of 2018, the price dropped to $14,000 and closed the year at almost $4,000 flat ($3,742).

RelatedPosts

XRP Price Prediction: factors that could determine its future value

Social Tokens: Are They Truly Valuable?

Bitcoin faucets: best high paying options 2021

How to buy Ethereum

In 2020, the hedge investor predicted that the price of Bitcoin was going to hit $65,000 as he advised Maisie Williams to invest in the crypto asset. While responding to Maisie’s pool on Twitter if she should or should not buy Bitcoin, Michael Novogratz expected the price to hit $20,000 before getting to $65,000 because of a “network effect” in which there are a ton of new buyers and low supply.

In 2021, after Bitcoin passed the $40,000 mark, Johoe’s Bitcoin Mempool Statistics, the number of unconfirmed Bitcoin transactions spiked to 125,000, which is the highest level ever seen since this year. The size of these transactions (about 149 megabytes worth of data) should be enough to make up not less than 107 new Bitcoin blocks. However, the mempool count as of 10th February is smaller when compared to the record on December 17.  At the time, the number of unconfirmed Bitcoin transactions grew to over 143,000.

On 10th February, Novogratz predicted that Bitcoin price would hit $100,000 this year and that every company in the U.S would invest in Bitcoin this year. This was his response to a Bloomberg interview onTesla’s Bitcoin investment.

$1.5 billion in Bitcoin has been invested by Tesla Inc. as reported by Bloomberg News Reports. Tesla Inc. expects to start accepting the cryptocurrency as payment mode. This news has pushed the price of Bitcoin close to $45,000 at the time of writing.

Tesla - $1.5 Billion invested in Bitcoin with plans to accept cryptocurrency 1

Elon Musk continues to influence the market in positive ways. Time has to determine if this is for the good of the market, or not.

Key past Bitcoin moments to note

The popularity of bitcoin brought with it a host of other problems and opportunities. For example, in 2019, scammers stole $722,000 million from unsuspecting investors who were fooled into investing in non-existent BTC mining equipment. Mostly, scammers use websites whose registration dates and copyrights raise questions into their credibility.

Scammers using

A scammer website will have ‘copyright 2020’ status, for instance, only for it to include content from other sources to lure investors. Other events in the past negatively impacting on the price of bitcoin include the Mt. Gox and Bitfinex hacks.

In May 2019, when Craig Wright, an Australian entrepreneur, claimed to be the anonymous creator of the King Crypto and went to the court requesting to copyright bitcoin files, the price of BTC jumped from $7,945 to $8,544 in just ten days.

A hack on a cryptocurrency exchange is seen as a precursor to falling virtual currency prices. Interestingly, when Binance was hacked in May 2019, the price of appreciated by almost $1,000 in ten days; from $6,029 to $7,259.

What to do before making any investment decisions

Regulations around this asset are mostly vague, and a country may have different rules. In the United States, for example, there are moves to regulate this asset class while in India, regulators are yet to declare their stand explicitly.

Apart from regulations, the volatility of cryptocurrency prices is another factor to consider before investing in bitcoin or any other virtual currency. Crypto prices are driven by market news, views and opinions, predictions from respected figures in the space, major acquisitions involving crypto-centric entities, among other factors.

With such unpredictable events, the price can rise fast and plummet equally fast. Unlike in traditional markets where risk-averse investors are at peace, the crypto market involves a lot of risks.

Stocks vs BTC

Fortunately, bitcoin and other leading cryptocurrencies have the biggest returns on investment when compared to traditional investments. For instance, between 2010 and Dec 2019, someone who invested $1 in Netflix stocks fetched a return-on-investment of $4,177. However, someone who invested $1 into bitcoin had an RoI of $90,000 within the same period.

Apart from the RoI, thorough research before making any investment or giving any recommendation to buy a second thought is vital. When presented with a crypto investment policy please check for any suspicious signs. Check for things like ‘ all rights reserved’ and a clause on how to exit the policy.

Luckily, it’s not all complicated on the other side. In the forex space, terms like 2020 forexstreet S L (stop loss) orders are common. In the crypto space, the stop loss functions are available when trading on a cryptocurrency exchange. This helps cushion the investor in case of a total loss, partly eliminating the emotional distress that comes with investing in uncertainties markets such as crypto.

How the price prediction for Bitcoin is done

With the volatility of the price of bitcoin, a new phenomenon has picked up; prediction of when and by how much the price of the king crypto will have the biggest RoI. This is meant to attract investments into the crypto space and assure investors all will be well despite the existing highs or lows in price.

For credibility, bitcoin price predictions are not made out of thin air. Analysts take into account data, such as BTC USD daily buy or sell orders from various exchanges,

the happenings in the cryptocurrency space and project how these events are likely to positively or negatively affect the price of bitcoin.

One factor that predictors use is cryptocurrency exchange inflows. Recently, the chief economist of Chainalysis, a leading blockchain and cryptocurrency research firm, Philip Gradwell, noted that exchanges are recording an increase of up to 250 percent in daily inflows, indicating heightened volatility.

What about bitcoin halving?

Halving is a hard-coded event in bitcoin’s blockchain where the amount miners make for each bitcoin mined will be slashed by half. With the event anticipated to take place in May this year, analysts are projecting that it will have a massive impact on the price of bitcoin. For instance, CryptoQuant’s data analyst, Joe Nemelka, predicts that the price of bitcoin will rise because only profitable miners will see the need to keep mining after the rewards are halved.

Pandemics increase risks in the uncertainties markets and instruments

Global pandemics such as coronavirus are another primary consideration when making bitcoin price predictions. According to Gradwell, the current COVID-19 pandemic is making it hard to foresee how the price of bitcoin will behave.

Professional and retail traders are another focal point in making short or long term predictions. However, the actions of professional bitcoin traders, owing to their large appetites, are considered to carry more weight in driving prices upwards. For example, the early 2020 bitcoin rally was attributed to institutional investors dipping their fingers into the bitcoin jar.

Notable past Bitcoin price predictions

After the meteoric rise in 2017, commentators gave wild predictions in 2018 hoping to reignite the energy in the crypto space even in a bearish market.

In 2019, Fundstrats Global Advisors’ Tom Lee predicted that bitcoin would hit $10K in the first quarter of the year. Although it did not do so in the first quarter, it reached $10K in the second quarter of 2019. Lee then gave a bitcoin price prediction of $40K before the end of 2019.

Following footsteps

To follow in Lee’s footsteps, Max Keiser, a filmmaker and broadcaster, predicted that the price of bitcoin would hit $28K by the end of 2019. Unfortunately, these two predictions never came to be as bitcoin closed 2019 at $7,193.

Others like John McAfee have, in the past, made a wild bitcoin price prediction of $1 million. But, he’s not done yet with the $1 million predictions. Even after largely missing the prediction, he has converted it into a short term prediction to be fulfilled before the end of 2020.

Short term 2020 bitcoin predictions

At a time when the coronavirus pandemic continues to ravage both the crypto and traditional financial spaces, commentators see a brighter near and distant future for bitcoin.

In 2020, commentators are largely pegging their predictions on the halving event. Commentators are drawing inspiration from a similar event that happened in 2015. After the halving, the price of bitcoin saw a 93 percent increased by the end of that year. If the same applies to 2020, a short term bitcoin price prediction squarely puts the price close to $20,000, provided the price during halving will be hovering around $10,000.

Another short term bitcoin price prediction by WalletInvestor, a crypto prediction platform, predicts that the king crypto will be exchanging hands at slightly below $11k ($10,723) by the end of 2020.

Joe Kernen, CNBC’s Squawk Box host, predicts that bitcoin will retail at $55K before the end of the first half of 2020. With only a month to go, this prediction seems quite far-fetched, but Bitcoin always continues to surprise traders.

Anthony Pompliano, the founder of Morgan Creek Digital, restrained himself from giving a solid figure of where the king crypto’s price will be after halving. Instead, Pompliano anticipates seeing a positive impact before the end of 18 months after halving.

An early rally brought hope

Kelvin Koh, a former Goldman Sachs partner, has drawn inspiration from the early 2020 bitcoin rally to predict the start of something bigger. Koh’s bitcoins price prediction puts bitcoin at $40K per piece before the end of this year. With this being more than a 100 percent jump from the current prices, the ex-Goldman Sachs partner is betting on the reduced BTC supply after halving.

Tradingbeasts, a platform offering cryptocurrency predictions, is not so bullish on bitcoin’s price in the short term. For instance, its May, July, and September 2020 predictions put the king crypto’s price at a maximum of $8,218, $8,135, and $7,995, respectively. As we have seen, this prediction was way off the mark as Bitcoin now reaches $19,000 towards the close of November 2020.

As per data from WhaleMap, shared by crypto trader Byzantine General on Twitter, there is minimal resistance stopping BTC from rallying above the current levels. The analyst claims:

“To add to this…: This chart shows where bitcoins where accumulated at. What do you see? There are very few bag holders left. Meaning, there is little sell pressure left. The only real sell pressure now is people taking profits.”

After the August/September bearish activity, BTC price took a rollercoaster ride up to $12,000 but has skyrocketed since then. $11,000 being considered as the Bitcoin resistance level at the time – short term predictions of $20,000-$25,000 look to now be realistic before 2021.

Data updated on 10th February 2021

BTC Price Prediction 2021

After the bull run during the beginning of 2021, Bitcoin stayed stagnant at the range of $30,000 and was expected to drop in value, but after Tesla invested in the cryptocurrency, Bitcoin once again picked up bullish momentum.

Bitcoin has been on an upward trajectory since the start of the new month. Bitcoin’s price action was very volatile on the daily timeframe, with a change of around $3,100. The 24-hour high for Bitcoin was at $48,205 while the 24-hour low was $45,059. As of 10th Feb 2021, Bitcoin was trading hands $45,818 apiece. 

Out of the 26 technical indicators for Bitcoin 16 are giving out a buy signal, seven stand at neutral while three are giving out a sell signal. Six of the oscillators are neutral while two stand at a buyer’s position and three stand at the sell position. 13 of the moving averages indicate a buy signal while neutral and sell indications stand at one each.

Bitcoin price prediction: What to expect?

Analyst Vince Prince has identified the cryptocurrency in an ascending channel formation in his Bitcoin price prediction. Per the analyst, Bitcoin has also formed a coherent wave count and is underway completing the wave three of the formation. Bitcoin had successfully crossed the all-time high projection line, and the level is now acting as strong support for the cryptocurrency. An in-channel accumulation had also started forming, and the recent bounce in the price of the cryptocurrency has confirmed the accumulation.

Bitcoin price prediction chart 2 - 10 Feb 2021
Bitcoin price prediction by Vince Prince

The wave count is predicted to be completed by the end of the year, and a breakout from the ascending channel formation is also likely to occur. The break out point lies at $204,750. This price level is a 570% increase from the all-time high projection line, which is the exact percentage increase attained by Bitcoin during the 2017 peak. The price target of $200,000 is set by the analyst.

Signalyst has also identified an ascending channel formation, but not as hopeful as Prince. Bitcoin can either continue operating near the upper channel of the formation and then undergo a sharp decline or Bitcoin can crash towards the lower boundary after accumulating bullish pressures reach out towards the upper boundary. The price range can either be $40,000-$42,000 or $50,000 based on this prediction.

Bitcoin has seen a surge in price as Tesla Inc. invested around $1.5 billion in the cryptocurrency. Predictions of the cryptocurrency’s phenomenal price increases seem even more likely now. But as Bitcoin, along with other major cryptocurrencies once again proves themselves, the US’s central banks are looking for ways to get involved.

Long term Bitcoin predictions – 2023-2025

Predictions focusing on five years to come are equating the BTC USD ratio to as high as 1:160,000. The bitcoin price prediction putting BTC at $160,000 is relying on major upward moves in the history of bitcoin. This includes the time the king crypto took to move from one high to another high.

Even though some are pumped in the long term, other predictions are not promising wide price appreciations in the next five years. WalletInvestor, for example, has a bitcoin price prediction of $20,106, $33,510, and $53,617 by the end of 2022, 2024, and 2025 respectively.

LongForecast is keeping its fingers crossed until 2023, where it gives a minimum of $22,390 and a maximum prediction of $25,975 by the end of 2023.

Others like DigitalCoinPrice are more skeptical in their BTC predictions putting the price at $17,872 in 2025.

Popular figures in the cryptocurrency circles are betting big on the price of bitcoin in the next few years.

Max Keiser, for example, is putting the price of the King Crypto at $400,000. Max sees an attractiveness at the current price range as compared to when it was retailing at $100.

Tim Draper, a venture capitalist, is confident that the leading cryptocurrency will exchange hands at $250K at least by the time the crypto train arrives in 2024.

CZ is not common with forward-looking statements

Changpeng Zhao, Binance‘s CEO and a respected figure in the cryptocurrency community, has made a rare bitcoin price prediction. Even though he did not put a number on it, Zhao predicts that the price of bitcoin has higher chances of increasing after the halving event.

Unfortunately, while some like Keiser is in high spirits, platforms such as Tradingbeasts are bearish.

What’s Bitcoin price beyond five years?

Those providing a bitcoin price prediction of beyond five years are optimistic early investors will have a more significant RoI.

Bobby Lee, the Ballet wallet CEO, predicts that the price of the king crypto will likely touch $500K by the end of 2028. For Lee, the market capitalization of bitcoin will ultimately surpass that of gold, which will eventually bring its price to $1 million.

Bitcoin Price Prediction 2021, 2023-2025 5
Bitcoin

It seems more people are salivating for a time when bitcoin hits $1 million. The co-cofounder of Civic, Vinny Lingham, has a bitcoin price prediction of $100K and a maximum of $1 million by the time we set foot in 2030.

Although its hard to anticipate how the crypto market will behave in the next 20 years, some commentators and prediction websites are placing the price of the BTC at $1 million by 2050.

Positive Bitcoin forecast : The call for more upside potential has been taken up by other analysts.

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.
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.

Related Posts

xrp price prediction
Guides

XRP Price Prediction: factors that could determine its future value

February 27, 2021
Social Tokens: Are They Truly Valuable? 6
Industry News

Social Tokens: Are They Truly Valuable?

February 19, 2021
bitcoin faucet
Guides

Bitcoin faucets: best high paying options 2021

February 11, 2021

Follow Us

  • 40.9k Fans
  • 8.3k Followers

Latest News

DOGE price prediction

DOGE Price Prediction: Dogecoin on the brink of a 50 percent price breakout

March 1, 2021
FATF

Bitcoin could soon be adopted for international exchange – CitiBank Analyst

March 1, 2021
Did the Farmcubation of $EBOX Work? 7

Did the Farmcubation of $EBOX Work?

March 1, 2021
ethbox Smart Contract Code is Fully Audited and As Secure As Possible 8

ethbox Smart Contract Code is Fully Audited and As Secure As Possible

February 28, 2021
Ripple

Ripple price slide continues

February 28, 2021

Signup To The Daily Roundup

Get New Posts By Email:
Privacy Policy

Got a Story tip? Email Contact@Cryptopolitan.com

News

Guides
Bitcoin News
Blockchain News
Ethereum News
Industry News
Research News
Scam News
Regulation News
Exchange News
Bitcoin Price
Ethereum Price
Bitcoin Cash Price
Cardano Price
Dash Price

Stay Connected

Facebook
Twitter
Telegram
Youtube

Company

About
Contact
Write for us
Advertise with us
Privacy Policy
Cookie Policy
Comment Policy
Editorial Policy
Terms and Conditions
Crypto Portfolio Tracker

Exclusive Partners of

Footer 9

Got a Story tip? Email Contact@Cryptopolitan.com

cryptopolitan 1

News

Guides
Bitcoin News
Blockchain News
Ethereum News
Industry News
Research News
Scam News
Regulation News
Exchange News
Bitcoin Price
Ethereum Price
Bitcoin Cash Price
Cardano Price
Dash Price

Stay Connected

Facebook
Twitter
Telegram
Youtube

Company

About
Contact
Write for us
Advertise with us
Privacy Policy
Cookie Policy
Comment Policy
Editorial Policy
Terms and Conditions
Crypto Portfolio Tracker

Cryptopolitan brings you quality Blockchain and Cryptocurrency news, ICO reviews, crypto technical analysis, and other unique news insiders. We cover Bitcoin news, altcoins news, blockchain projects news, ICO news, regulatory developments and the confluence of news on the leading blockchain technologies.

© 2021 Cryptopolitan. All rights reserved. Terms | Privacy

No Result
View All Result
  • Home
  • News
    • Bitcoin
    • Altcoin
    • Blockchain
    • Binance
    • Security
    • Ripple
    • Litecoin
    • Ethereum
    • Dogecoin
    • Cardano
    • Tron
    • Token Sale
    • Industry
    • Exchange
    • Polkadot
    • ChainLink
  • Guides
  • Regulation
  • Price Index
    • Bitcoin Price
    • Ethereum Price
    • Ripple Price
    • Bitcoin Cash Price
    • Chainlink Price
    • Litecoin Price
    • Polkadot Price
    • Cardano Price
    • Binance Coin Price
    • Stellar Price
    • EOS Price
    • Tron Price
    • Monero Price
    • Dash Price
    • IOTA Price
    • Dogecoin Price
    • Altcoin Price
    • Sushi Price
    • Uniswap Price
  • Research
  • Scam
  • Events

Copyright © 2020 Cryptopolitan.

This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy and Cookie Policy.