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Bitcoin continues to go from strength to strength in 2024 after a strong 2023 saw it more than double in value. With ETF approval in early 2024, an upcoming Bitcoin Halving, and increasing utility many traders are wondering what comes next for the world’s largest cryptocurrency.
In our Bitcoin price prediction, we’ll take a closer look at BTC’s prospects from 2024 to 2030. Read on to find out where the price of Bitcoin could be headed next.
Bitcoin Price Prediction 2024-2030
The current price of BTC is $66,036.57, up 133% from $27,795.07 in April 2023.
The Bitcoin Fear and Greed index is at 79, signaling Extreme Greed, but down from from 83 1 month ago.
Bitcoin dipped briefly below $40,000 after Bitcoin ETF approval in January, then climbed to new all-time highs above $70,000 in March, before dipping to find support at $61,500.
Based on our analysis, Bitcoin’s price could fall to a low of $38,000 or reach a high of $85,000 by the end of 2024.
By the end of 2025, we expect BTC to have hit a new all-time high (ATH) around $102,000, then drop close to $65,000 by the end of the year—which will become positive support for the crypto’s price.
Year
Minimum Price
Average Price
Maximum Price
2024
$38,000
$60,000
$85,000
2025
$50,000
$65,000
$102,000
2026
$45,000
$67,500
$90,000
2030
$95,000
$127,500
$160,000
Bitcoin Price History
Bitcoin was the first cryptocurrency, created by pseudonymous creator Satoshi Nakamoto in 2009. At the time, it was also the first use of blockchain technology.
Bitcoin was largely worthless during the first several years of its existence, but started to gain traction from 2013 to 2015. In 2017, the first Bitcoin boom saw the price of BTC rise to more than $15,000. Subsequent booms in 2019 and 2021 saw BTC hit new record highs.
In 2021, Bitcoin hit a new all-time high of $68,789.63. However, it fell as low as $15,760 in December 2022 in the midst of the so-called “crypto winter”, that had been impacted by numerous macroeconomic factors such as rising inflation, the Russia-Ukraine War and energy crisis, the collapse of Terra and FTX.
Starting in January 2023, BTC staged a turnaround. The coin gained 83% by April 10, when it hit a high of $31,035. This price also represented a break above a key resistance level around $30,000.
Bitcoin suffered a sharp drop in mid-August, losing over 10% of its value in a week and bottoming out at $25k. Another drop then followed in mid-September—although the $25k resistance line was not broken.
October saw BTC trade between $26k and $29.5k, and flirt with $30k on one occasion thanks to a false report of an approved Bitcoin ETF. This report saw the start of a rise in Bitcoin’s price that continued on the back of Bitcoin ETF speculation. Bitcoin finished 2023 above $42k, marking a 155% year-on-year rise.
Bitcoin’s immediate price action was muted, and the price of world’s top cryptocurrency actually declined, dipping below $40,000 less than 2 weeks after Bitcoin ETF approval.
Bitcoin then started an upward movement that saw it gain 43% in February, and break through its all-time from November 2021 on March 5th, 2024.
The world’s biggest cryptocurrency broke above the $70k level for the first time on March 8th, before retracing. On the 11th of March Bitcoin closed above $70k for the first time in history. It also climbed above $72k to surpassing Silver to become the world’s 8th most valuable asset.
After four days trading above $70k, hitting its current ATH of $73,750.07 on March 14th, Bitcoin dipped, finding support at $61,500 on March 20th, before beginning to climb the charts again, it was priced at $66,036.57 at the time of writing.
Here are some of the key events in Bitcoin’s price action:
Bitcoin hit an all-time high of $68,789.63 in late 2021, then fell to a low of $15,760 in 2022.
BTC started 2023 with an 83% gain to reach a high of $31,035.
In October 2023, BTC traded between $26k and $29k before breaking above $30k toward the end of the month.
The price of Bitcoin performed strongly in Q4 of 2023, gaining over 51% to finish the year above $42k—a result of positive speculation around Bitcoin ETF approval.
In January 2024, Bitcoin ETFs were approved and, despite an initial drop to just under $40k, Bitcoin rallied above $60k by the end of February.
Bitcoin’s climb continued in early March, where its price has topped $70k for the first time and hit a new ATH of $73,750.07 on March 14th.
Bitcoin Price Prediction 2024
Bitcoin started the new year with a bang, trading above $45,000 in January for the first time in two years. It was then driven to a new ATH of $73,750.07 in mid-March, on the back of the continued inflow of institutional money into Bitcoin ETFs
The U.S. Treasury Secretary, Jannet Yellen, has also said that crypto markets are in need of a formal regulatory authority, and cryptocurrency regulation is actively being discussed by regulators in governments around the world. The implementation of such regulations would provide clarity for institutional investors and, potentially, bring even more of them into the market.
There is an altogether bigger shadow looming over Bitcoin in 2024, and that is the 2024 Bitcoin Halving event. Some analysts expect this to be the catalyst that takes the Bitcoin price into six-figure territory, while others are forecasting that it will be the precursor to a correction.
The combination of the positive reception of Bitcoin ETFs in early 2024, continued growth in the utility of the Bitcoin network through layer 2s and inscriptions, and the approaching Halving create a hugely positive outlook for BTC in 2024. This leads us to predict that the price of Bitcoin could break $85,000 in 2024, although there is also some analyst sentiment that BTC is due for a major correction before this happens.
In a worst-case scenario for Bitcoin investors, BTC could test its support at $38,000.
Based on these scenarios, here is our Bitcoin price prediction for 2024:
Don’t invest unless you’re prepared to lose all the money you invest. This is a high-risk investment and you should not expect to be protected if something goes wrong. Take 2 mins to learn more.
What is a Bitcoin Halving?
New Bitcoin is created with each new block, and it is given to the miner as a reward for creating that block. This reward currently stands at 6.25 Bitcoin. So, every 10 minutes a block is created and the miner who created it receives 6.25 newly minted Bitcoin.
Every 210,000 blocks, approximately every four years, this reward amount is slashed in half. This event is called the Bitcoin Halving. This time around, the reward for creating a Bitcoin block will be cut from 6.25 to 3.125.
This is predicted to take place around April 19/20th. We say predicted because the exact time is determined by the block number, and blocks are produced approximately every 10 minutes—so it is difficult to predict the exact time of the Halving until we are very close, but we can predict the day quite closely.
Why Have a Bitcoin Halving?
Bitcoin has a finite supply. There can only ever be a maximum of 21 million Bitcoins, and there are currently ~19.66m in circulation. The value of a Bitcoin, as with other assets, is determined by supply and demand.
Controlling the releases of the yet-to-be-mined coins helps to balance the supply and demand, as it prevents the market from being flooded by supply, instead providing a known supply constraint as demand increases over time. Three elements can be said to be at play with the Bitcoin Halving mechanism:
Avoids high levels of inflation by steadily reducing the quantity of new Bitcoins released over time.
Makes Bitcoin more scarce as time continues, because eventually, all the Bitcoin in existence will be in existence. This preserves its long-term value and further protects against inflation, a problem seen with fiat currencies throughout the world.
Maintains a supply of rewards, i.e., incentives, for miners to continue operating over a much longer period. Until around 2140.
Bitcoin Halving events will continue to happen approximately every four years until the last of Bitcoin’s maximum supply of 21 million has been mined. It’s estimated that all available BTC will be mined by 2140.
With Bitcoin Halving events comes the expectation of the beginning of a long-awaited crypto bull market. As you can see from the chart below, each Bitcoin Halving event in the past has been followed by considerable upward momentum in the price of Bitcoin:
Before the first Halving in 2012, Bitcoin saw a 50% increase in price. In the 18 months after the second Halving, in 2016, Bitcoin saw a 3,000% increase in price, almost touching $20k for the first time. After the third Halving, and despite a global pandemic, in May 2020, Bitcoin rallied to a peak of $64,898 within a year and hit its ATH $68,789 within 7 months of that.
Looking forward to the 2024, and, as a result of the inflow of institutional money into Bitcoin in early 2024, Bitcoin has broken its previous ATH prior to the Halving event—meaning that this year could be different.
JP Morgan predict that Bitcoin could dip to $42k post-Halving, and other analysts are also calling for a dip that is then followed by a rally above $100k by the end of the year.
We predict that Bitcoin will hit a new ATH of $85,000 in 2024, however, this also comes alongside a predicted low of $38,000 for Bitcoin in 2024. As for an average price, we expect Bitcoin to consolidate around previous ATHs during the year, and predict that Bitcoin’s average price for 2024 will be $60,000.
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Bitcoin Price Forecast 2025
The effects of the Bitcoin Halving event will continue well into 2025, and, if everything aligns, Bitcoin has the potential to break that elusive $100k barrier. But what is “everything else”?
“Everything else” includes the improvement macroeconomic factors. If the global economy improves and inflation decreases to the target of 2%, then interest rates, that saw aggressive hikes in 2023, could come down in 2025—if they haven’t already been reduced in late 2024.
Regulatory clarity for all of crypto could also lead more and more investors to be confident investing in crypto for the first time, and many of these investors are likely to add Bitcoin to their portfolio due to its prominence in the markets and how synonymous it is with cryptocurrencies.
Furthermore, greater regulation of the crypto market could see institutional funds, e.g., retirement funds, be permitted to add Bitcoin to their portfolios, allowing trillions of dollars that are currently not permitted to invest in Bitcoin to do so. Currently, Fidelity is the only major US 401(k) plan provider to offer direct Bitcoin investment.
There is, however, the influence of the Bitcoin Halving event, which typically results in new all-time highs 12–18 months after the event itself—a hugely positive boost to what already looks to be a positive 2025 for Bitcoin.
Combining all these factors we predict that Bitcoin will find lows of $50,000 in 2025, along with highs of $1o2,000, as it manages to break the hugely psychological milestone of $100k before retracing below it. We also expect Bitcoin to have anaverage price of $65,000 throughout 2025.
What Could Happen to BTC in 2026?
If the Bitcoin Halving highs come in 2025, we could see the prices bottom out in early to mid-2026. However, as all the major catalysts of the next two years are bound to bring more liquidity in Bitcoin, it is likely that the bottom will be higher than what we’ve seen in the previous years.
With that said, we expect Bitcoin to trade no lower than $45,000 in 2026 with a maximum price of $90,000. That means the average Bitcoin price in 2026 is likely to hover around $67,500, based on our estimates.
Looking ahead to 2030, our Bitcoin price forecast becomes less certain. There is a lot that can happen in six years, particularly in an industry as fast-moving as crypto. Eight years ago, Bitcoin was priced around $600.
That said, we expect Bitcoin’s value to continue to grow. It could benefit from the introduction of Central Bank Digital Currencies (CBDCs), which should encourage a broader transition to payments using digital assets.
By 2030, Bitcoin will have gone through another Halving event, in 2028, and this will affect price predictions for 2030, as well as the availability of Bitcoins—especially as we expect them to increase in popularity by this time.
As stated, it is difficult to predict what will happen with Bitcoin due to newness of cryptocurrencies and the ever evolving regulatory, financial, and technological landscape. That being said, our 2030 Bitcoin price prediction expects the price to have steadied somewhat, with a low of $95,000, a high of $160,000, and an average price of $127,000.
A lot of Bitcoin’s future value depends on factors outside the control of the crypto industry. For example, Bitcoin is more directly impacted by interest rates and inflation than by the regulatory processes that loom over the rest of the crypto market.
As a result, it’s difficult to know what will happen, especially as we look further into the future of crypto. We predict these highs and lows for Bitcoin in the years ahead:
Year
Minimum Price
Average Price
Maximum Price
2024
$38,000
$60,000
$85,000
2025
$50,000
$65,000
$102,000
2026
$45,000
$67,500
$90,000
2030
$95,000
$127,500
$160,000
What Do Other Analysts Predict for Bitcoin?
Bitcoin is a major global asset, and some of the smartest analysts in the world spend their days thinking about where this cryptocurrency could go next. Here are several diverse predictions from crypto analysts and institutional investment firms.
CoinCodex: $427,000 by 2025
Cryptocurrency data firm CoinCodex developed Bitcoin Rainbow Chart which predicts Bitcoin price to reach up to $427,000 by the end of 2025. The analysis is based on Bitcoin’s past volatility and cyclical nature of Bitcoin Halving events, which introduce extra supply-side pressure on Bitcoin every four years.
ARKInvest: $1.5 million by 2030
Ark Invest CEO, Cathie Wood, has a base price prediction of $600,000 for Bitcoin in 2030. However, her bull case prediction contains a high of $1.5 million per Bitcoin, recently upped from $1 million after the approval of Bitcoin ETFs.
Mike McGlone, Bloomberg Intelligence: $100,000 by 2030
Mike McGlone, senior commodity analyst at Bloomberg Intelligence, told crypto brokerage Capital.com that Bitcoin could reach $100,000 by 2030. McGlone sees rising demand combining with BTC scarcity to send the price of Bitcoin higher.
CoinShares: Head of Research Predicts $141,000 BTC in 2025 if EFT Approved
The Head of Research of CoinShares—a European alternative assets manager specializing in digital assets—predicts a price of $141,000 for Bitcoin in 2025 if a Bitcoin ETF is approved in the USA.
Cezary Graf: $2,700 upon collapse of Tether or Binance
Crypto analyst Cezary Graf sees significant risks ahead for Bitcoin. He predicted that if either Tether, the largest stablecoin, or Binance, the largest crypto exchange, were to collapse, then Bitcoin could fall as low as $2,700.
Charles Edwards, Capriole Investments: $100,000 in 2024
Charles Edwards, a crypto analyst and founder of Capriole Investments, predicts that Bitcoin could reach $100,000 in the next 12 months. His prediction is based on what he calls a “bump and run” pattern on the Bitcoin price chart, which is a bullish pattern that only requires Bitcoin to remain above $22,000.
What Is Bitcoin & What’s It Used For?
Bitcoin is the world’s first cryptocurrency and the largest by market cap. It uses a proof-of-work algorithm to validate transactions in a global peer-to-peer network. Bitcoin is one of only a few cryptocurrencies that regulators in the US and around the world consider to be fully decentralized.
Bitcoin is primarily used for payments. It can be used to send money from one individual to another or to pay for goods and services online and at the point of sales in a growing number of brick-and-mortar stores. A growing number of businesses around the world now accept Bitcoin for payment. It’s also used to send money across borders without traditional foreign transaction or currency conversion fees.
Transactions are validated and new Bitcoin is created through a process known as mining. Bitcoin mining is a lucrative industry around the world and there are many publicly traded Bitcoin mining companies.
Bitcoin has also recently been used to create NFTs through a project known as Bitcoin Ordinals, and layer 2 networks, like Stacks, are being introduced to the network, greatly increasing its utility.
Bitcoin Overview
Cryptocurrency
Bitcoin
TickerSymbol
BTC
Rank
1
Price
$66,036.57
Price Change 24H
-4.50%
Market Cap
$1.30 Trillion
Circulating Supply
19,671,287 BTC
Trading Volume
$52.26 Billion
All Time High
$73,750.07
All Time Low
$0.00
What Influences the Price of Bitcoin?
Bitcoin is influenced by a wide variety of factors both within the crypto market and in the global economy.
Firstly, within the crypto market, Bitcoin is a sort of reserve currency. When the crypto market is doing well, money typically flows out of Bitcoin and into more speculative investments, affecting crypto price predictions. When the crypto market is performing poorly, crypto investors often retreat to Bitcoin.
So, the price of Bitcoin can rise even in a crypto bear market, at least to the extent that investors do not exit crypto entirely.
Bitcoin is also influenced by macroeconomic factors like inflation and interest rates. In general, high inflation is seen as positive for Bitcoin because it is considered an inflation-proof asset. However, high interest rates are bad for Bitcoin because they encourage investment in safer, yield-generating assets like treasuries and bonds.
The regulatory environment around the crypto market can also influence Bitcoin’s price. Bitcoin is generally unaffected by new regulations targeting altcoins. However, new regulations or fear of regulations can push investors into Bitcoin as opposed to other digital assets.
Finally, the price of Bitcoin seems to be greatly influenced by supply and demand and the hype—or FOMO—generated by the Bitcoin Halving events.
To summarize, Bitcoin’s price can vary widely based on numerous factors including interest in investing in crypto, adoption of BTC as a payment method or for other use cases, and changes to the overall supply of coins.
Is Bitcoin a Buy?
Should I buy Bitcoin or wait for another price drop? Our Bitcoin price prediction sees BTC hit $85k by the end of 2024 if the rally, which saw Bitcoin break out of a bearish price pattern at the start of October 2023 at $27k, can be sustained; along with the increase in institutional interest in Bitcoin, both in the USA and around the world.
We predict that Bitcoin will hold an average price of $60,000 in 2024, thanks to the Halving event, and settle more in 2025 with an average of $65,000. In 2026, we see Bitcoin trading as high as $90,000 by the end of the year.
By 2030, we predict that Bitcoin could reach a high of $160,000. Other crypto analysts suggest even higher price targets ranging from $427,000 to $1.5 million per Bitcoin.
Keep in mind that all Bitcoin forecasts are predictions. There is no guarantee that Bitcoin will go up over any timeframe and it is difficult to predict what global economic events and government actions could impact the price of BTC in the future.
Best Place to Buy Bitcoin
The overall best place to buy Bitcoin is Binance—the biggest cryptocurrency exchange in terms of trading volume.
As of 2024, more than 180 million people use the Binance crypto exchange. Creating a new account takes only a few minutes—after investors enter their personal information and verify their identity.
With as little as $50 (in the USA), investors can start buying and selling Bitcoin. Outside of Bitcoin, Binance also allows you to trade over 400 other digital assets.
To earn passive income, investors can also stake Bitcoin and generate high APYs (Annual Percentage Yields). The fees on crypto trading start from just 0.1% on Binance—which is one of the lowest in the cryptocurrency space.
On Binance, one can make a deposit using several payment methods such as:
Credit/Debit cards
Wire transfers
ACH Transfers
However, a 4.5% additional fee is levied when using credit cards. Binance offers 24/7 customer service and implements two-factor authentication to secure investors funds.
Don’t invest unless you’re prepared to lose all the money you invest. This is a high-risk investment and you should not expect to be protected if something goes wrong. Take 2 mins to learn more.
Are There Better Alternatives to BTC?
BTC is consider by many as store of value, and is a household name. But, if you’re looking for potentially higher returns, you could consider 99Bitcoins and Bitcoin Minetrix which are currently at the token presale stage.
99Bitcoins – Learn-To-Earn Project With Generous Staking APY
99Bitcoins aims to revolutionize crypto learning by rewarding active participants on the 99Bitcoins platform via gamified learning mechanics and quizzes.
The project is currently running a token presale where you can buy $99BTC for $0.001 and stake it to earn over 19,000% APY during the early presale stages.
The project’s roadmap is packed for 2024, per the 99Bitcoins whitepaper. The team plans to launch crypto trading signals, a decentralized exchange, bridge the $99BTC token to Bitcoin’s BRC-20 token standard and more.
All of this shows a massive potential for the token. Given how BTC is now trading around all-time highs with Bitcoin halving happening soon and the spot Bitcoin ETFs approval by the SEC, the 99Bitcoins Token is likely to follow Bitcoin’s success.
Aside from generous staking rewards, the team will reward early users with an airdrop of $99,999 worth of $99BTC tokens. Make sure to follow 99Bitcoins on X and join the 99Bitcoins Telegram channel for the latest information.
Bitcoin Minetrix – Popular Crypto Presale with BTC Stake-To-Mine Features
Bitcoin Minetrix aims to simplify and democratize Bitcoin cloud mining via its ERC-20 token $BTCMTX.
The presale has already raised over $12.8 million and the $BTCMTX token price keeps increasing as time goes by, making it prudent for those looking to invest in this project to get in early.
This crypto project offers a new way to mine Bitcoin online by using cloud mining instead of expensive hardware. By staking $BTCMTX you earn mining credits, which you can then spend to mine Bitcoin on the Bitcoin Minetrix platform.
Whenever you want to exit the project, you can unstake your $BTCMTX tokens after meeting the minimum staking period and sell them on exchanges.
There are total of 4 billion tokens, 42.5% of which are dedicated for mining and 7.5% for staking. Early supporters can benefit from a $30,000 minedrop on the platform.
The goal is to raise $33 million for platform development, marketing, and staking rewards.
We predict a bullish long-term future for Bitcoin, especially with the upcoming Bitcoin Halving in early-2024—which has historically been a major catalyst for crypto bull runs.
The approval of spot Bitcoin EFTs have also provide a major catalyst for the crypto market in 2024, with Bitcoin hitting new ATHs in March and the whole crypto market more than doubling in value YoY to $2.55 trillion.
Looking for cryptocurrencies with more potential than Bitcoin? Check out our guide to the best cryptocurrencies to buy today or consider 99Bitcoins presale with over 19,000% staking APY in the early presale stages.
We predict that Bitcoin will be worth $102,000 in 2025. Other crypto analysts suggest that Bitcoin could rise much higher by 2025.
How much will one Bitcoin be worth in 2030?
We predict that 1 BTC will be worth $160,000 in 2030. However, estimates vary widely, and some analysts have predicted that 1 Bitcoin could be worth $1.5 million by 2030.
Is it still a good time to buy Bitcoin?
Bitcoin is already soaring in 2024 amid Bitcoin ETF approval, increased network utility, and the approaching Halving. With prices predicted to be as high as $100k next year it appears to be a good time to purchase BTC, although there is always a risk the price will suddenly collapse.
What was Bitcoin’s highest price?
The highest Bitcoin price ever reached was $73,750.07
on March 14th, 2024.
Will Bitcoin boom in 2024?
Bitcoin has already set new ATHs in 2024, and with a Bitcoin Halving in the future, continued institutional adoption in the US, and growing on-chain and layer 2 activity bringing an increase in utility, we expect Bitcoin to continue its positive growth in 2024.
Techopedia’s editorial policy is centered on delivering thoroughly researched, accurate, and unbiased content. We uphold strict sourcing standards, and each page undergoes diligent review by our team of top technology experts and seasoned editors. This process ensures the integrity, relevance, and value of our content for our readers.
Michael Graw is an experienced writer in the business and B2B tech fields. His articles can be found on Business Insider, Entrepreneur, Tom’s Guide, and TechRadar, and cover everything from corporate finance to crypto and international tech regulation. A prolific copywriter and entrepreneur, Michael has worked with a wide range of SaaS and tech companies and has his finger firmly on the pulse of B2B tech and finance.
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