As the BTC price attempts a bullish comeback from the psychological mark of $60,000, the crypto market prepares for a comeback. With Bitcoin crossing the $66,000 mark, the underlying sentiments are taking a bullish shift.
With Bitcoin gradually gaining momentum after a bearish month despite the Halving event, the oldest crypto is under pressure. As Bitcoin is overcoming the pullback phase, expectations for $100K are resurfacing in the market.
With the markets filled with high hopes, questions arise, such as: “Is Bitcoin ready to reach the $100K mark?” or “Will Bitcoin ever go up?” or “Where will Bitcoin be in 5 years?”
We bring our comprehensive Bitcoin Price Prediction 2024-2030 to solve such doubts.
Bitcoin Price Prediction May 2024
With a bullish engulfing candle standing at the $60,000 support zone, the BTC price reclaims the crucial $65,000 level. The overnight jump of almost 8% reflects a massive jump in the biggest crypto as it hits the market cap of $1.30 Trillion.
Technical indicators, including the DMI and RSI, hint at a growth in the underlying demand. The VI lines give a bullish crossover, and the daily RSI surpasses the halfway line, bolstering the bullish reversal. Further, the uptick in the ADX line shows an increment in the trend momentum.
Currently, Bitcoin is trading at $66,179 after the massive increase in demand. A surge in momentum could lead the bullish reversal to the $70,000. On the flip side, the crypto could drop to $58,451.
| Bitcoin Price Prediction | Potential Low | Potential Average | Potential High |
| Bitcoin Price Prediction May 2024 | $58,451 | $63,100 | $70,000 |
On-Chain Analysis
Following yesterday’s $45.79M short liquidation, the bulls are tightening their grip over the Bitcoin price trend, per Coinglass. Further, the Exchange Reserve of BTC dropped from $1.946 Million to $1.924 Million during the price jump last night. As the exchange reserve falls dramatically, the declining selling pressure is crystal clear.
Bitcoin surged nearly 8% last night, crossing the $66,000 mark. The current funding rate of 0.00869196 shows long traders’ dominance, indicating strong bullish sentiment. The buy-to-sell ratio of 0.525 to 0.475 reflects prevalent buying interest in the derivatives market.
Open interest has hit $16.1 billion, with a 24-hour increase of +10.84% and a 7-day increase of +11.55%, signaling more liquidity and volatility. In the past 24 hours, $50.7 million in short positions were liquidated compared to $8.8 million in long positions, reinforcing the bullish trend.
Bitcoin Price Prediction 2024
The high spirits around the Bitcoin Spot ETF approvals kick in for the BTC price to spark a bull run. The uptrend continues the streak of 5 monthly bullish candles and is ready to challenge the overhead resistance at $50K. Moreover, the halving year has always been bullish in Bitcoin history, leading to a bull run in the next year.
Rising hopes for interest rate cuts in the US market will bolster BTC’s price uptrend. Therefore, 2024 is highly anticipated to be a bullish year for Bitcoin, with a potential high of around $120,000 and a potential low of $35,000.
| Bitcoin Price Prediction | Potential Low | Potential Average | Potential High |
| Bitcoin Price Prediction 2024 | $35,000 | $77,500 | $120,000 |
Bitcoin Price Prediction 2025-2030
| Bitcoin Price Prediction | Potential Low ($) | Average Price ($) | Potential High ($) |
| 2025 | 61,357 | 95,903 | 140,449 |
| 2026 | 82,522 | 115,569 | 155,284 |
| 2027 | 152,837 | 160,942 | 169,047 |
| 2028 | 174,063 | 183,485 | 192,908 |
| 2029 | 204,634 | 222,096 | 239,559 |
| 2030 | 277,751 | 312,767 | 347,783 |
Bitcoin Price Prediction 2025
With the launch of potentially more Bitcoin-related financial services and the global adoption spark of Bitcoin, BTC prices will maintain a bullish trend in 2025. The cryptocurrency is expected to create a high of $140,449 with a low of $61,357. Therefore, the average Bitcoin price prediction for 2025 will potentially be $95,903.
Bitcoin Price Prediction 2026
Firstly, according to Bitcoin Price Prediction 2026, the BTC price range in 2026 is expected to be between $82,522 and $155,284. Moreover, the average price is projected to be $115,569.
BTC Price Prediction 2027
Subsequently, as per BTC Price Prediction for 2027, the Bitcoin price range can be between $152,837 to $169,047. Furthermore, the average price is expected to be $160,942, indicating a relatively stable bullish period for Bitcoin.
Bitcoin Price Prediction 2028
With the 5th Halving, the Bitcoin price will see another bullish spark in 2028. Specifically, as per Bitcoin Price Prediction 2028, the potential BTC price range in 2028 is $174,063 to $192,908. The average price is also expected to be $183,485, demonstrating continued positive momentum.
BTC Price Prediction 2029
Thereafter, as per BTC Price Prediction 2029, the BTC price will range between $204,634 and $239,559. The average price is projected to be $222,096, indicating a significant rise in Bitcoin’s value.
Bitcoin Price Prediction 2030
Finally, in 2030, Bitcoin prices are predicted to maintain a positive trend. Indeed, the BTC price is expected to reach a new all-time high, ranging between $277,751 and $347,783. In conclusion, the average cost is expected to be $312,767.
Bitcoin Market Price Prediction: Analyst and Influencer’s BTC Price Prediction
| Firm Name | 2024 | 2025 |
| Gov.Capital | $91,245 | $123,352 |
| DigitalCoinPrice | $78,717 | $110,963 |
| Trading Beasts | $88, 632 | $154,435 |
- Blockware Solutions Predict Bitcoin Post-Halving Price To Reach $400,000.
- Tommy Lee, Head of Research at Fundstrat, predicts Bitcoin to surge between $250,000 to $500,000.
- Robert Kiyosaki predicts the Bitcoin price to reach $120,000 in 2024.
- Blockstream CEO Adam Back predicts Bitcoin to hit an all-time high of over $100,000 in 2024.
Firstly, at CoinPedia, we feel optimistic about Bitcoin’s price increase.
Hence, We expect the BTC price to create a 2024 high of $120,000.
| Bitcoin Price Prediction | Potential Low | Potential Average | Potential High |
| Bitcoin Price Prediction 2024 | $35,000 | $77,500 | $120,000 |
ChatGPT Predicts Bitcoin Price To Cross $1 Million
Furthermore, using the above Bitcoin Halving table, we asked ChatGPT to calculate the potential jump in Bitcoin after the 2024 halving. Utilizing Arithmetic and Geometric Progression, respectively, ChatGPT calculates the Bitcoin price prediction for 2024 post-halving to be a 290% and 4,160% jump.
Rounding off the current Bitcoin price to $26,000, firstly, the calculations display the post-halving Bitcoin to skyrocket drastically. Specifically, reaching $101,400 by A.P. and $1,107,808 by G.P., Bitcoin is set to create a new high in 2024.
Many influencers and Bitcoin maximalists are predicting the BTC price to reach $1M, but the chances of them using G.P. are less, but not zero.
Bitcoin Historic Price Sentiments 2008 – 2024
Analyzing the historic price sentiment of BTC is suitable for rightly interpreting the indications we come across while analyzing its future price sentiment.
In a nutshell, the optimism and hope around Bitcoin have continued to grow ever since its launch. And now, with the institutions coming together with the 4th Bitcoin halving around the corner marks a crucial turning point. The upcoming years for BTC are marked in green as Bitcoin adoption grows like wildfire in a fiat world.
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