Bitcoin
As of July 12, 2024 Bitcoin is trading at $57,006.05, and the 24-hour change has been around -2.04%. Bitcoin recently topped its previous all-time high (ATH) of close to $69,000 from November 2021. This high was followed by a decline of over 70% throughout 2022, and Bitcoin bottomed out at the end of that year around $16k.
Bitcoin Price Prediction Chart
Bitcoin Historical Data
Bitcoin grew strongly in 2023 and then, along with the rest of the crypto market, reacted positively to the approval of Bitcoin ETFs in January 2024. This event pushed the Bitcoin price to new ATHs in mid-March, and above $73,000 for the first time in its 15-year history.
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Bitcoin Price Prediction Overview
| Coin Name | Bitcoin |
| Bitcoin Symbol | BTC |
| Bitcoin Price | $57,006.05 |
| Bitcoin Price Change 24h | ▼ -2.04% |
| Bitcoin Price Change 7d | ▲ 4.96% |
| Bitcoin Market Cap | $1,123,255,760,108 |
| Circulating Supply | 19,704,150 BTC |
Is Bitcoin a good investment? This is a question that crosses the minds of many investors. Throughout this article, we’ll explore our BTC price prediction in detail, highlighting our price estimates for the coin over the coming years. Below, you will find a brief overview of these estimates:
- End of 2024: With Bitcoin hitting a new all-time high in March, the approval of bitcoin ETFs, an approaching Bitcoin Halving, and layer 2 advancements, the future looks bright for Bitcoin. As more and more people adopt it, there’s potential for it to continue growing in value in 2024, potentially even reaching a remarkable $90,000 by the end of 2024.
- End of 2025: Our analysis estimates that the BTC price could hit $101,000 by the end of 2025. As institutional adoption continues to grow and the effects of the 2024 Bitcoin Halving expected to be felt in this year, both of these factors could combine to push Bitcoin briefly into the realm of six figure valuations before retracing below $100,000.
- End of 2026: Despite all the institutional adoption over the previous two years, Bitcoin is predicted to continue to stick to its four year cycle and decrease in value in 2026, dropping as low as $40,000, before rebounding and finishing the year at $60,000.
- End of 2030: The uptake of cryptocurrencies continues to surge, as crypto regulations around the globe give investors a framework to operate in and merchants are accepting cryptocurrencies as payment for goods and services. Bitcoin remains the gold standard of cryptocurrencies, and maintains a valuation around the $150,000 mark in 2030 despite a post-Halving-high drop.
Bitcoin Price Prediction For The Next 30 Days
| Date | Potential Low | Average Price | Potential High |
|---|---|---|---|
| July 13, 2024 | $57,011.53 | $57,017.14 | $57,019.83 |
| July 14, 2024 | $57,016.79 | $57,028.22 | $57,034.06 |
| July 15, 2024 | $57,023.49 | $57,039.31 | $57,047.40 |
| July 16, 2024 | $57,028.19 | $57,050.40 | $57,061.52 |
| July 17, 2024 | $57,034.56 | $57,061.48 | $57,075.53 |
| July 18, 2024 | $57,038.60 | $57,072.57 | $57,089.43 |
| July 19, 2024 | $57,043.25 | $57,083.66 | $57,102.93 |
| July 20, 2024 | $57,049.00 | $57,094.74 | $57,117.22 |
| July 21, 2024 | $57,054.37 | $57,105.83 | $57,131.12 |
| July 22, 2024 | $57,062.52 | $57,116.92 | $57,144.46 |
| July 23, 2024 | $57,065.72 | $57,128.01 | $57,157.68 |
| July 24, 2024 | $57,073.81 | $57,139.09 | $57,171.80 |
| July 25, 2024 | $57,075.85 | $57,150.18 | $57,187.06 |
| July 26, 2024 | $57,086.66 | $57,161.27 | $57,201.76 |
| July 27, 2024 | $57,087.42 | $57,172.35 | $57,216.16 |
| July 28, 2024 | $57,092.84 | $57,183.44 | $57,227.05 |
| July 29, 2024 | $57,102.04 | $57,194.53 | $57,240.87 |
| July 30, 2024 | $57,105.69 | $57,205.61 | $57,256.68 |
| July 31, 2024 | $57,112.28 | $57,216.70 | $57,269.55 |
| August 1, 2024 | $57,112.32 | $57,227.79 | $57,285.64 |
| August 2, 2024 | $57,122.30 | $57,238.87 | $57,297.29 |
| August 3, 2024 | $57,130.28 | $57,249.96 | $57,312.99 |
| August 4, 2024 | $57,132.09 | $57,261.05 | $57,326.30 |
| August 5, 2024 | $57,145.57 | $57,272.13 | $57,336.22 |
| August 6, 2024 | $57,144.44 | $57,283.22 | $57,354.84 |
| August 7, 2024 | $57,155.75 | $57,294.31 | $57,365.18 |
| August 8, 2024 | $57,152.51 | $57,305.40 | $57,382.00 |
| August 9, 2024 | $57,162.60 | $57,316.48 | $57,391.25 |
| August 10, 2024 | $57,160.14 | $57,327.57 | $57,410.65 |
| August 11, 2024 | $57,177.12 | $57,338.66 | $57,418.76 |
Bitcoin Price Prediction 2024
Looking at Bitcoin’s price chart, the world’s top cryptocurrency has climbed 55% already this year to set new ATHs above $73,000. This was as a result of the inflow of institutional money on the back of Bitcoin ETF approval in January, but Bitcoin has since declined to trade in an range between $65,000 and $69,000.
This is all with a backdrop of the most hyped Bitcoin Halving event ever, less than 30 days away. This is going to occur as the world, seemingly and hopefully, continues to recover from the economic crisis that has come in the aftermath of the global pandemic—another positive sign for Bitcoin’s future.
While the price impact of the Halving is, historically, not felt until 12–18 months after the actual event itself, all the hype around Bitcoin adoption and ETF approval could change that narrative, and the Halving event might be a catalyst for a bull market 12 months earlier than many think.
The regulatory framework for cryptos around the globe is also expected to continue improving this year, and we could also see more countries declare some form of cryptocurrency as legal tender in 2024—with Bitcoin and/or stablecoins the most likely candidates.
Provided that nothing untoward happens, our prediction for Bitcoin’s price in 2024 is a staggering $90,000. Our potential low prediction for Bitcoin in 2024 is $42,000. Other predictions, like one from investment bank Standard Chartered, predict that BTC can break six figures by the end of 2024.
Bitcoin Price Prediction 2025
From our current vantage point, 2025 looks to be a good year for Bitcoin, our Bitcoin forecast, and the Bitcoin price.
Institutional adoption of cryptocurrencies started to gather pace in 2024, and the potential for Ethereum ETF approval in 2024 will only rouse further investor interest in cryptocurrencies as the existence of such investment vehicles is seen by many as indicative of a positive regulatory future for cryptocurrencies.
Bitcoin will always remain one of the best long-term crypto projects due to its appeal amongst retail investors and those with limited market knowledge. Whenever newcomers wish to get involved with crypto they naturally gravitate towards BTC, as it is viewed as the ‘safest’ option due to its existing popularity and its prominence in their limited knowledge. Again, this is another factor that will play a role in sustaining demand.
In addition, our Bitcoin price prediction remains optimistic due to how well-placed the coin is to weather any storm. Not only is Bitcoin becoming more popular amongst investors, but it is also becoming more popular amongst politicians, as they realize that Bitcoin and crypto are growing in popularity with their constituents—a trend we expect to see continue into 2025 and beyond. There are also more than 34,000 Bitcoin ATMs worldwide, highlighting that the coin isn’t going away anytime soon.
There is one final factor affecting a Bitcoin price forecast for 2025, the Halving event of 2024. Based on data from Bitcoin’s last 4 Halvings, Bitcoin experiences explosive growth 12–18 months after the Halving event occurs, which means that this is set to happen in the middle of 2025—meaning that a bull run akin to 2017 or 2021 is potentially on the cards.
All of these elements combine to add support to the idea that, although Bitcoin’s exponential price increases may be a thing of the past, the coin still has great investment potential. Given the historical boom-bust cycle that has been present during Bitcoin’s lifetime, it could be expected that BTC and the rest of the crypto space could mimic the bull run of 2021 in 2025.
As such, our Bitcoin price prediction 2025 estimates the coin’s price could hit a high of $101,000 in 2025, peaking at about the $100,000 mark before retreating below it. We also predict a yearly low of $55,000.
Moreover, our Bitcoin price prediction 2030 forecasts that the price could exceed this level – thereby leading to another new all-time high. Other analysts have also weighed in on the future price of Bitcoin, with Bernstein analyst Gautam Chhugani stating that the firm believes Bitcoin could hit $150,000 by 2025.
Bitcoin Price Prediction 2026
While 2025 is predicted to bring new highs to the Bitcoin price as a result of the Halving, 2026 is expected to be less fruitful for investors. As Bitcoin continues to follow its four-year cycles 2026 is expected to be when the Bitcoin price experiences a downturn in the aftermath of the 2025 Bitcoin Halving induced highs.
That being said, institutional access to and investment in Bitcoin and the cryptocurrency market is expected to continue growing in 2026, as crypto regulations take shape and increase both investor confidence and investor access to digital assets. A a result, the drop in price between 2025 and 2026 is not expected to be as drastic as Bitcoin’s previous post-Halving declines.
This is why our Bitcoin price prediction for 2026 has a high of $85,000, a low of $40,000, and an average of $60,000, as investors capitalize on the perceived discounted price of Bitcoin under $60,000.
Bitcoin Price Prediction 2030
Now, let’s delve into the future of Bitcoin’s price over the long term. Bitcoin is currently the only coin to be receiving support from both the crypto and traditional finance sectors, which sets it apart from other cryptocurrencies and bodes well for its long-term prospects. Today it is widely seen as ‘digital gold’ by members of both the crypto and traditional finance sectors, and we can expect this narrative to persist into the long term and help to support sustained, higher prices for Bitcoin.
We also expect the availability, accessibility, and, most importantly, the use of crypto to continue to grow. We don’t expect Bitcoin’s position as the flag bearer for the crypto movement to falter, and this position will likely only be strengthened as the adoption of cryptocurrencies grows. Everything is boding well for the future price of Bitcoin to remain strong.
One final thing affecting the Bitcoin price in 2030 might be the Bitcoin Halving event of 2028. If, as said before, we follow…
This article was originally published by a cryptonews.com . Read the Original article here. .
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