Bitcoin Price Prediction: 2024, 2025, 2030 (2024)

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 to be the lowest probable support for BTC in 2024.
• As the king coin ascends, it can face its highest resistance at around$70,000to $75,000.

2. Market sentiment

• In May 2024, the BTC market remainsbullish.

3. Predictive forecasts

• Our AI/ML predictive algorithms forecast that Bitcoin can likely average over$2 millionin 2028 and over$11 million in 2030.

Stay informed onBTC’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: Halving fails to take king coin to the moon

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 massivebull run.Yet, the recent downturn has posed many challenges. Many analysts anticipate theBitcoinprice prediction for 2024 will be monumental as the price can achieve record-breaking levels.

The period under review started with the price descending, which caused a retraction to$25,000 in June. A mid-month test to claim$30,000 led to subsequent declines. Thus, the price eventually fell back to$25,000 by mid-August.

It wasn't until the end of October that BTC finally broke through the upper level. Continuing this rally, the price successfully claimed$40,000 as support by December. After this, the price consolidated between this support and the resistance at$45,000.

In February, BTC experienced a significant bullish breakoutthat saw the cryptocurrency surge through the $45,000barrier for the first time since April 2022. This growth was attributed to the launch of the BTC spotexchange-traded funds(ETFs). As the month progressed, bullish momentum intensified propelling Bitcoin's market capitalization over the$1 trillion mark, as perCoinMarketCap.

The uptrend carried into March, and Bitcoin hit$73,777onBinance, surpassing its previousall-time high (ATH). However, a retracementoccurred, with prices dropping as low as$60,000the following week.

Despite thispullback, BTC managed to retest the high chart resistance at$71,000 towards the end of the month. What followed was a broader market crash that pushed the coin below$65,000by mid-April. Yet, the$60,000support was held on the higher time frame.

The highly anticipatedhalving event did not trigger a massive surge in the price or lead to asell-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. As May progressed the price remained close to its current support. By the end of the analysis period, BTC was valued at$61,489.

AMBCryptoreported that despite BTC's stagnant price, the cryptoFear and Greed Indexindicated a different sentiment. It suggested that the majority of the market was inclined to buy BTC and was generally bullish. This could imply a significant potential surge in BTC’s price, possibly reaching the$65,000 level. Additionally, data from Coinglass revealed that long positions on BTC had increased.

A number of 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$90,000on the cards.

Nevertheless, the potential for a downtickis scrutinized amidst the market uncertainty. AMBCryptolooked at Lookonchain’s data to uncover that two BTC wallets that had been dormant for nearly 11 years became active. These wallets liquidated their holdings of500 BTC each.

Furthermore, Bitcoin saw substantial drops in daily active addresses, transaction volume, andwhale transactions. These metrics peaked in February but have since declined significantly and were nearing historic lows.

Thus, AMBCrypto’s bearishpredictions suggest a drop to the$56,000 mark and potentially lower. The$55,500 might be revisited before a bottom is established. A decisive bearish breakdown 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 the future predictions from our predictive models, BTC is forecasted to experience a significant increase in value. Within four years, the coin is anticipated to trade at an average price exceeding$2 million. Looking ahead, the projections become even more striking.

Our models predict that Bitcoin's average price will exceed$11 million by 2030. This long-term forecast highlights Bitcoin's expected continued growth and adoption as a major digital asset in the financial landscape.

BTC's 2024 roadmap: Key indicators to watch and trade

• TheRelative Strength Index (RSI) generally remainedbullish, albeit with a brief dip below 50 coinciding with the price’s fall to its lowest support. By the end of October, it moved into theoverbought region. However, a minor price dropin Januarycaused the indicator to move below this region and remain there for most of the month.
• In February, theRSI resumed its upward trajectory, reaching a high value of88.36in March. By the end of the analysis, it registered at 62.56. This indicated either a cooling off of the upward momentum or a stabilization without a sharpreversal.
• TheChaikin Money Flow (CMF) followed a comparable pattern. Its peak value was recorded at0.41in mid-July. Between August and mid-October, the indicator dipped into negative territory before reversing its trajectory.
• Since then, it has mostly been trending higher, with a press time value of0.25. This value reflected a slight dip yet highlighted the strong buying pressureandaccumulation.
• Thetrading volume mirrored the price movements. The bullish rallies saw the volume recover significantly, indicating that they were backed by substantial investor interest.

Bitcoin's Short Term Price Prediction

Bitcoin price prediction 17 May 2024: Bitcoin's price for 17 May 2024 according to our analysis should range between $54394.36 to $62582.76 and the average price of BTC should be around $58488.56.

Bitcoin price prediction 18 May 2024: Bitcoin's price for 18 May 2024 according to our analysis should range between $55226.23 to $63539.85 and the average price of BTC should be around $59383.04.

Bitcoin price prediction 19 May 2024: Bitcoin's price for 19 May 2024 according to our analysis should range between $55727.97 to $64117.13 and the average price of BTC should be around $59922.55.

Bitcoin price prediction 20 May 2024: Bitcoin's price for 20 May 2024 according to our analysis should range between $55294.43 to $63618.32 and the average price of BTC should be around $59456.38.

Bitcoin price prediction 25 May 2024: Bitcoin's price for 25 May 2024 according to our analysis should range between $52550.55 to $60461.39 and the average price of BTC should be around $56505.97.

Bitcoin price prediction 30 May 2024: Bitcoin's price for 30 May 2024 according to our analysis should range between $50076.30 to $57614.67 and the average price of BTC should be around $53845.49.

Bitcoin price prediction 9 June 2024: Bitcoin's price for 9 June 2024 according to our analysis should range between $45728.97 to $52612.90 and the average price of BTC should be around $49170.93.

Bitcoin price prediction July 2024: Bitcoin's price for July 2024 according to our analysis should range between $94005.95 to $108157.39 and the average price of BTC should be around $101081.67.

Bitcoin price prediction August 2024: Bitcoin's price for August 2024 according to our analysis should range between $99455.55 to $114427.35 and the average price of BTC should be around $106941.45.

Bitcoin price prediction September 2024: Bitcoin's price for September 2024 according to our analysis should range between $104905.14 to $120697.32 and the average price of BTC should be around $112801.23.

Bitcoin price prediction October 2024: Bitcoin's price for October 2024 according to our analysis should range between $110354.74 to $126967.28 and the average price of BTC should be around $118661.01.

Bitcoin price prediction November 2024: Bitcoin's price for November 2024 according to our analysis should range between $115804.33 to $133237.24 and the average price of BTC should be around $124520.79.

Bitcoin price prediction December 2024: Bitcoin's price for December 2024 according to our analysis should range between $121253.93 to $139507.20 and the average price of BTC should be around $130380.56.

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 $65,323, with a market cap of $1,288,942,614,212 and trading volumes of $28,331,738,704. BTC’s price prediction is possible by analyzing historical price action, current developments and social sentiment from the community.

Bitcoin price prediction 2024: Bitcoin's price for 2024 according to our analysis should range between $108992.27 to $163488.41 and the average price of BTC should be around $136240.34.

Bitcoin price prediction 2025: Bitcoin's price for 2025 according to our analysis should range between $225249.84 to $337874.75 and the average price of BTC should be around $281562.30.

Bitcoin price prediction 2026: Bitcoin's price for 2026 according to our analysis should range between $465514.54 to $698271.81 and the average price of BTC should be around $581893.18.

Bitcoin price prediction 2027: Bitcoin's price for 2027 according to our analysis should range between $962059.69 to $1443089.54 and the average price of BTC should be around $1202574.62.

Bitcoin price prediction 2028: Bitcoin's price for 2028 according to our analysis should range between $1988249.06 to $2982373.60 and the average price of BTC should be around $2485311.33.

Bitcoin price prediction 2029: Bitcoin's price for 2029 according to our analysis should range between $4109032.29 to $6163548.43 and the average price of BTC should be around $5136290.36.

Bitcoin price prediction 2030: Bitcoin's price for 2030 according to our analysis should range between $8491967.46 to $12737951.19 and the average price of BTC should be around $10614959.33.

Bitcoin price prediction 2031: Bitcoin's price for 2031 according to our analysis should range between $17549998.71 to $26324998.06 and the average price of BTC should be around $21937498.38.

Bitcoin price prediction 2032: Bitcoin's price for 2032 according to our analysis should range between $36269858.08 to $54404787.11 and the average price of BTC should be around $45337322.59.

Bitcoin price prediction 2033: Bitcoin's price for 2033 according to our analysis should range between $74957418.90 to $112436128.35 and the average price of BTC should be around $93696773.63.

Bitcoin price prediction 2035: Bitcoin's price for 2035 according to our analysis should range between $320149006.39 to $480223509.59 and the average price of BTC should be around $400186257.99.

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Bitcoin’s current price is $65,323 and witnessed a -1.33% 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 -1.33% decrease and over the past 30 days Bitcoin has increase by 2.37%. 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 $163488.41 and $108992.27. 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 May 2024 should range between $108992.27 to $163488.41 with the average price for May being $136240.34

According to the Bitcoin Price Prediction model above, BTC’s price in 2025 would be $281562.30. This price would however would range from $337874.75 and $225249.84.

According to the Bitcoin Price Prediction model above, BTC’s price in 2026 would be $581893.18. This price would however would range from $698271.81 and $465514.54.

According to the Bitcoin Price Prediction model above, BTC’s price in 2027 would be $1202574.62. This price would however would range from $1443089.54 and $962059.69.

According to the Bitcoin Price Prediction model above, BTC’s price in 2028 would be $2485311.33. This price would however would range from $2982373.60 and $1988249.06.

According to the Bitcoin Price Prediction model above, BTC’s price in 2029 would be $5136290.36. This price would however would range from $6163548.43 and $4109032.29.

According to the Bitcoin Price Prediction model above, BTC’s price in 2030 would be $10614959.33. This price would however would range from $12737951.19 and $8491967.46.

According to the Bitcoin Price Prediction model above, BTC’s price in 2031 would be $21937498.38. This price would however would range from $26324998.06 and $17549998.71.

According to the Bitcoin Price Prediction model above, BTC’s price in 2032 would be $45337322.59. This price would however would range from $54404787.11 and $36269858.08.

According to the Bitcoin Price Prediction model above, BTC’s price in 2033 would be $93696773.63. This price would however would range from $112436128.35 and $74957418.90.

According to the Bitcoin Price Prediction model above, BTC’s price in 2035 would be $400186257.99. This price would however would range from $480223509.59 and $320149006.39.

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 $65,323