Bitcoin Price Prediction: 2024, 2025, 2030
Bitcoin’s price at the same time last week was $60738.74. It has moved by 11.54 % in the past week and is currently at $58,754. Infact, in the past 24 hours, BTC has dumped by -4.05 %. There is a slight bearish sentiment in the crypto market. The long term sentiment, however, remains bullish and BTC could hit $80435.33 in 2025.
The total circulating supply of Bitcoin as of writing this article was $19,738,825 and the marketcap of BTC remains at $1,159,645,154,907. Bitcoin price in the longer term is expected to reach a high of $811245.51 in 2035.
Disclaimer
For some coins with little to no data points and inexistent historical data the model by default will show a positive price prediction. There is no way for our AI bot to decipher whitepaper, tokenomics and team integrity. The coin's price that you are about to see below can fall drastically depending on many factors, so please invest wisely after checking the team and project's whitepaper. This current price prediction is done by a machine crunching numbers and the model is still in the early beta stages. It should strictly not be taken as an investment advice. Although the best engineers are currently tweaking and updating the algorithm, no human has verified the price predicted below, so please use your discretion and make a decision wisely.
BTC price prediction: Key highlights
1. Primary support and resistance levels
- An analysis of the weekly time frame revealed $40,000 as the lowest probable support for BTC in 2024.
- As the king coin ascends, it can face its highest resistance at around $70,000 to $75,000.
2. Market sentiment
- In August 2024, the BTC market is seen to be slightly bearish.
3. Predictive forecasts
- Our AI/ML predictive algorithms forecast that Bitcoin's value will likely average close to $2 million in 2028 and over $17 million in 2031.
Stay informed on BTC’s future trajectory through a comprehensive weekly technical analysis, followed by coming days of the month, upcoming months, and yearly forecast tables derived from our AI/ML-based predictive models:
BTC technical analysis: Can the bulls make a return?
In 2023, BTC demonstrated a remarkable recovery from its lows in 2022, showcasing a year of significant volatility and growth. This year, the king coin started out experiencing a massive bull run. Yet, the recent downturn has posed many challenges. Many analysts anticipate that the Bitcoin price prediction for 2024 will be monumental as the price can achieve record-breaking levels.
The period under review started with the coin dropping to the lowest yearly support at $25,000 in mid-August. It wasn't until late September that BTC bulls began rallying. With this rally, they successfully claimed $40,000 by December. After this, the coin consolidated between this support and $45,000.
In February, BTC experienced a bullish breakout that raised it over the latter for the first time since April 2022. This growth was attributed to the launch of BTC spot exchange-traded funds (ETFs).
As the month progressed, bullish momentum intensified, with $52,000 converted into a support level by the end of February. Concurrently, Bitcoin's market capitalization reclaimed the $1 trillion mark, as per CoinMarketCap.
The uptrend carried into March, and Bitcoin hit $73,777 on Binance, surpassing its previous all-time high (ATH). However, a retracement occurred, with prices dropping as low as $60,000 the following week. Despite this pullback, BTC managed to retest the high chart resistance at $71,000 towards the end of the month. A broader market crash followed in Q2 2024, pushing the coin to $60,000 again.
The highly anticipated halving event did not trigger a massive surge in the price or lead to a sell-off. While the altcoins experienced bull rallies, BTC remained relatively stagnant. Moreover, April marked the first time since BTC ended the month with a negative price return.
By mid-May, optimism started to rebuild as the price pumped to retest the yearly peak resistance. Yet, it retracted once more. AMBCrypto credited this drop to the May U.S. jobs report. As a result of this decline, the market capitalization also suffered.
The market continuously bled throughout June, compromising the four-month held support at $60,000 by July. AMBCrypto highlighted a notable influx of over $1 billion worth of BTC sent to exchanges in the first week of July. Additionally, Mt. Gox conducted a test transaction of over 1,000 BTC to prepare for planned payouts to creditors, moving $2.7 billion worth of Bitcoin to a new address.
These transfers, coupled with the German government dumping coins in the market, triggered widespread panic and raised fears of massive sell-offs in the community. Nonetheless, the coin reclaimed $60,000 by mid-July. This resurgence coincided with the news of the assassination attack on former US President Donald Trump. Meanwhile, the whale accumulation continued to grow.
Concurrently, in mid-July, the German government’s BTC reserves were entirely offloaded. Furthermore, Mt. Gox’s balance lowered, signaling that the supply pressure was almost over. Nevertheless, the news of Japan's interest rate hike stoked fears of a market crash similar to 2008. This development likely contributed to Bitcoin retracting below $60,000.
In early August, it retested the $52,000 support. The king coin recovered slightly to exchange hands at $56,944 by the end of the analysis period. The balance of the market has shifted toward sellers, echoing the trend from 2023 that culminated in a new ATH in 2024.
Discussions around a 1.5% rate cut have led to speculation about whether this could lead to a similar rebound into the bull market trajectory. Furthermore, AMBCrypto’s July research report noted that many believe Trump’s presidency could push BTC over $80,000.
Another report by AMBCrypto examined Bitcoin's behavior during the recent market downturn and suggested that a supply shock could be imminent. The ongoing reduction of BTC available on exchanges signals strong long-term bullish sentiment. This optimism is primarily driven by the involvement of ETFs and the anticipation of reaching previously unachieved high predictions.
Several experts are forecasting significantly higher valuations for Bitcoin. These predictions suggest that BTC could escalate to monumental price points of $100,000 to $150,000. This optimistic outlook hinges on its ability to push past a critical threshold of $70,000 to $75,000. Sustained momentum above these levels can likely put $80,000 on the cards.
Nevertheless, the potential for further downtick is scrutinized amidst the market uncertainty. Thus, bearish predictions suggest a drop to the $52,000 mark and potentially lower. A decisive downtrend could see Bitcoin's value dropping to between $45,000 and $40,000. Such a scenario would likely be temporary, paving the way for BTC to rebound and attain new heights.
Based on our predictive models' predictions, the coin is anticipated to average around $2 million within four years. The projections become even more striking in the long term. Our models predict that Bitcoin's average price will exceed $17 million by 2031.
BTC's 2024 roadmap: Key indicators to watch and trade
- The Relative Strength Index (RSI) dipped below 50 as prices fell to their lowest support. After recovering in late September, it entered the overbought territory by October's end, only to recede in January.
- In February, the RSI climbed above 70 again, peaked in March, and dropped below. This downtrend intensified in June, pushing the indicator below the 50 line by July. After a brief resurgence, it dipped again, ending the period at 46.61. This indicated a bearish bias.
- The Chaikin Money Flow (CMF) stayed below the zero line from mid-August to mid-October. After that, the indicator predominantly trended upwards, with a press time value of 0.15. This marked a decrease from earlier highs, reflecting increased selling pressure.
- The trading volume mirrored the price movements. The bullish rallies saw the volume recover significantly, indicating that they were backed by substantial investor interest. In addition, the Q2 2024 downturn was also reflected in the volume, highlighting withdrawal.
Bitcoin Price Prediction
Bitcoin has had an eventful 2023. To simplify the latest BTC price prediction, we have divided up the prediction by short term Bitcoin price prediction and long term Bitcoin price prediction. As of writing this article, BTC had a trading volume of 28,877,548,329. Bitcoin has gone up by 1.05% in the past 30 days.
According to our analysis in the short term, Bitcoin price prediction for October 2024 shows the average price of BTC at 62096.97 and the highest possible price for October 2024 would be $66443.76.
Further, according to our analysis in the long term, Bitcoin price prediction for February 2025 shows the average price of BTC at 68481.75 and the highest possible price for February 2025 would be $73275.47.
Bitcoin's Short Term Price Prediction
Date | Avg Price | Lowest Price | Highest Price |
13 August 2024 | $59382.11 | $55225.37 | $63538.86 |
14 August 2024 | $60856.71 | $56596.74 | $65116.68 |
15 August 2024 | $59310.02 | $55158.32 | $63461.73 |
16 August 2024 | $58638.54 | $54533.84 | $62743.24 |
21 August 2024 | $59201.33 | $55057.24 | $63345.43 |
26 August 2024 | $59715.56 | $55535.47 | $63895.65 |
5 September 2024 | $60513.34 | $56277.40 | $64749.27 |
October 2024 | $62096.97 | $57750.19 | $66443.76 |
November 2024 | $63249.60 | $58822.13 | $67677.07 |
December 2024 | $64402.22 | $59894.06 | $68910.38 |
Bitcoin price prediction 13 August 2024: Bitcoin's price for 13 August 2024 according to our analysis should range between $55225.37 to $63538.86 and the average price of BTC should be around $59382.11.
Bitcoin price prediction 14 August 2024: Bitcoin's price for 14 August 2024 according to our analysis should range between $56596.74 to $65116.68 and the average price of BTC should be around $60856.71.
Bitcoin price prediction 15 August 2024: Bitcoin's price for 15 August 2024 according to our analysis should range between $55158.32 to $63461.73 and the average price of BTC should be around $59310.02.
Bitcoin price prediction 16 August 2024: Bitcoin's price for 16 August 2024 according to our analysis should range between $54533.84 to $62743.24 and the average price of BTC should be around $58638.54.
Bitcoin price prediction 21 August 2024: Bitcoin's price for 21 August 2024 according to our analysis should range between $55057.24 to $63345.43 and the average price of BTC should be around $59201.33.
Bitcoin price prediction 26 August 2024: Bitcoin's price for 26 August 2024 according to our analysis should range between $55535.47 to $63895.65 and the average price of BTC should be around $59715.56.
Bitcoin price prediction 5 September 2024: Bitcoin's price for 5 September 2024 according to our analysis should range between $56277.40 to $64749.27 and the average price of BTC should be around $60513.34.
Bitcoin price prediction October 2024: Bitcoin's price for October 2024 according to our analysis should range between $57750.19 to $66443.76 and the average price of BTC should be around $62096.97.
Bitcoin price prediction November 2024: Bitcoin's price for November 2024 according to our analysis should range between $58822.13 to $67677.07 and the average price of BTC should be around $63249.60.
Bitcoin price prediction December 2024: Bitcoin's price for December 2024 according to our analysis should range between $59894.06 to $68910.38 and the average price of BTC should be around $64402.22.
Bitcoin's Long Term Price Prediction
Bitcoin’s long term Price Prediction below is a look at BTC’s future prospect with regards to price. Bitcoin was last seen at $58,754, with a market cap of $1,159,645,154,907 and trading volumes of $28,877,548,329. BTC’s price prediction is possible by analyzing historical price action, current developments and social sentiment from the community.
Years | Avg Price | Lowest Price | Highest Price |
2024 | $64402.22 | $51521.78 | $77282.66 |
2025 | $67029.44 | $53623.55 | $80435.33 |
2026 | $84457.10 | $67565.68 | $101348.52 |
2027 | $106415.94 | $85132.75 | $127699.13 |
2028 | $134084.09 | $107267.27 | $160900.91 |
2029 | $168945.95 | $135156.76 | $202735.14 |
2030 | $212871.90 | $170297.52 | $255446.28 |
2031 | $268218.59 | $214574.87 | $321862.31 |
2032 | $337955.43 | $270364.34 | $405546.51 |
2033 | $425823.84 | $340659.07 | $510988.60 |
2034 | $536538.03 | $429230.43 | $643845.64 |
2035 | $676037.92 | $540830.34 | $811245.51 |
Bitcoin price prediction 2024: Bitcoin's price for 2024 according to our analysis should range between $51521.78 to $77282.66 and the average price of BTC should be around $64402.22.
Bitcoin price prediction 2025: Bitcoin's price for 2025 according to our analysis should range between $53623.55 to $80435.33 and the average price of BTC should be around $67029.44.
Bitcoin price prediction 2026: Bitcoin's price for 2026 according to our analysis should range between $67565.68 to $101348.52 and the average price of BTC should be around $84457.10.
Bitcoin price prediction 2027: Bitcoin's price for 2027 according to our analysis should range between $85132.75 to $127699.13 and the average price of BTC should be around $106415.94.
Bitcoin price prediction 2028: Bitcoin's price for 2028 according to our analysis should range between $107267.27 to $160900.91 and the average price of BTC should be around $134084.09.
Bitcoin price prediction 2029: Bitcoin's price for 2029 according to our analysis should range between $135156.76 to $202735.14 and the average price of BTC should be around $168945.95.
Bitcoin price prediction 2030: Bitcoin's price for 2030 according to our analysis should range between $170297.52 to $255446.28 and the average price of BTC should be around $212871.90.
Bitcoin price prediction 2031: Bitcoin's price for 2031 according to our analysis should range between $214574.87 to $321862.31 and the average price of BTC should be around $268218.59.
Bitcoin price prediction 2032: Bitcoin's price for 2032 according to our analysis should range between $270364.34 to $405546.51 and the average price of BTC should be around $337955.43.
Bitcoin price prediction 2033: Bitcoin's price for 2033 according to our analysis should range between $340659.07 to $510988.60 and the average price of BTC should be around $425823.84.
Bitcoin price prediction 2034: Bitcoin's price for 2034 according to our analysis should range between $429230.43 to $643845.64 and the average price of BTC should be around $536538.03.
Bitcoin price prediction 2035: Bitcoin's price for 2035 according to our analysis should range between $540830.34 to $811245.51 and the average price of BTC should be around $676037.92.
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FAQs about Bitcoin
Bitcoin’s current price is $58,754 and witnessed a -4.05% decrease in the past 24 hours. BTC/BTC pair saw a 0% increase in the past 24 hours
Investing in Bitcoin, BTC will purely depend on your personal risk appetite. As you can see over the past 24 hours Bitcoin’s price has witnessed a -4.05% decrease and over the past 30 days Bitcoin has increase by 1.05%. So it all depends on if this investment will hit your trading goals.
According to our latest Bitcoin Price prediction for 2024, BTC should vary between $77282.66 and $51521.78. Please keep in mind that the crypto market is very volatile and this Bitcoin price prediction does not account for extreme wild swings in price.
As per the Bitcoin price prediction 2024 model above, BTC’s price for August 2024 should range between $51521.78 to $77282.66 with the average price for August being $64402.22
According to the Bitcoin Price Prediction model above, BTC’s price in 2025 would be $67029.44. This price would however would range from $80435.33 and $53623.55.
According to the Bitcoin Price Prediction model above, BTC’s price in 2026 would be $84457.10. This price would however would range from $101348.52 and $67565.68.
According to the Bitcoin Price Prediction model above, BTC’s price in 2027 would be $106415.94. This price would however would range from $127699.13 and $85132.75.
According to the Bitcoin Price Prediction model above, BTC’s price in 2028 would be $134084.09. This price would however would range from $160900.91 and $107267.27.
According to the Bitcoin Price Prediction model above, BTC’s price in 2029 would be $168945.95. This price would however would range from $202735.14 and $135156.76.
According to the Bitcoin Price Prediction model above, BTC’s price in 2030 would be $212871.90. This price would however would range from $255446.28 and $170297.52.
According to the Bitcoin Price Prediction model above, BTC’s price in 2031 would be $268218.59. This price would however would range from $321862.31 and $214574.87.
According to the Bitcoin Price Prediction model above, BTC’s price in 2032 would be $337955.43. This price would however would range from $405546.51 and $270364.34.
According to the Bitcoin Price Prediction model above, BTC’s price in 2033 would be $425823.84. This price would however would range from $510988.60 and $340659.07.
According to the Bitcoin Price Prediction model above, BTC’s price in 2034 would be $536538.03. This price would however would range from $643845.64 and $429230.43.
According to the Bitcoin Price Prediction model above, BTC’s price in 2035 would be $676037.92. This price would however would range from $811245.51 and $540830.34.
The highest price for Bitcoin was recorded in 14 March 2024 during which BTC hit an All Time High of $73,738
The price of 1 Bitcoin according to current market rate is $58,754