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.
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.
According to our BTC price prediction 2030, Bitcoin will attain a maximum price of $270,549.35, while maintaining an average price of $264,854.91. We also anticipate the coin not to trade lower than $261,164.20.
With a higher adoption of blockchain-based applications in the future, various cryptocurrencies, including BTC, could see a massive price increase.
Our BTC price prediction 2031 expects Bitcoin to be trading at about 19x its current price, with a maximum price of $364,434.13, provided the crypto market continues to grow at a great pace. Investors should also anticipate minimum and average prices of $356,336.93 and $361,370.93, respectively.