Story Highlights
- The upcoming Bitcoin halving event the following year may pave the way for a new all-time high in the crypto market.
- BTC flows from Rest of World in the last day are 706.84 BTC, the highest level in 36 days
- Bitcoin price today is 29,213.6894
In 2023, Bitcoin ended the crypto winter by restarting an impressive uptrend, boasting a year-to-date growth of 78.25%. The surge in demand for a Bitcoin ETF in the US, coupled with increasing global adoption, further fueled the demand for BTC.
Currently, Bitcoin’s price maintains a sideways consolidation range after its recent recovery. The burning question remains: Will Bitcoin Price Hit ATH in 2023?
With crucial market updates and the backing of major financial institutions, the outlook appears positive for the Bitcoin Price Prediction.
Bitcoin Price Prediction 2023 – 2030
Continuing a bullish journey in the upcoming years, the Bitcoin market price is bound to exceed the $100,000 mark. Potentially, the Bitcoin (BTC) price create a new all-time high of more than $300,000 by 2030.
Bitcoin Price Prediction 2023
Maintaining an uptrend from January 2023, BTC price continues to create higher low formation. The Bitcoin recovery rally also forms an ascending support trendline.
Currently, the BTC prices reverse from the $30K barrier after facing enormous supply pressure leading to a range breakout. However, the Bitcoin prices find some footing close to the 50-day EMA before stepping onto the support trendline.
Analyzing the previous higher high corrections of 2023, the BTC price finds footing at the 50% Fibonacci level of the previous spike. And the recent retracement drops closer to the confluence of the 23.60% Fibonacci level of the entire bull run, the 50% Fibonacci level of the previous price spike, the 200-day EMA, and the long coming support trendline.
Moreover, the intraday trading volume maintains a descending trend projecting weakness in the bear phase. The RSI line supports the prolonged uptrend theory with the bullish divergence present in the current price range.
Furthermore, on-chain analysis reveals that 61.79% of Bitcoin holders are making a profit at the current market price. Only 30.63% are in the red zone, with 7.58% of holders at the neutral level.
Investors above $26K should be able to absorb any more sudden selling spikes. It makes the range a crucial support level and helps as a cushion and a launchpad.
In addition, Wall Street economists predict that the Federal Reserve will pause rate hikes at its next meeting in September, which could help to limit Bitcoin’s downtrend.
In short, the ongoing uptrend highlights a high potential to reach $35,000 by the end of 2023. However, in case of a support trendline fallout, the Bitcoin market value will plunge to $25,401.
Also Read : Bitcoin Price Prediction August 2023: BTC Adoption Climbs High, Price May Hit $40,000 Soon
Bitcoin Price Prediction for August 2023
Maintaining a declining trend in a falling wedge pattern, BTC price fell under the $30K mark, losing an important bullish milestone.
Currently, the Bitcoin price action challenges the overhead resistance trendline close. However, the higher price rejection projects a potential bear cycle within the wedge.
Considering the price trend continues, the Bitcoin price may test the $28,940 level shortly.
On the optimistic side, if the BTC prices break above the resistance trendline, it may reach the $30,115 level.
Also Read : Bitcoin Price Prediction: Will BTC Price Hit $40K By Mid August?
Bitcoin Price Prediction 2023 – 2030
| Price Prediction | Potential Low ($) | Average Price ($) | Potential High ($) |
| 2023 | 25,401 | 30,200 | 35,000 |
| 2024 | 57,027 | 65,997 | 74,967.47 |
| 2025 | 61,357 | 85,903 | 110,449 |
| 2026 | 82,522 | 108,903 | 135,284 |
| 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 |
BTC Price Prediction For 2024
After the fourth halving, 96.875% of the Bitcoin will be mined. Moreover, the Bitcoin miner’s block reward will be halved to 3.125 BTC per new block. However, much like the previous bull run during the Bitcoin halving, the BTC price will create a new high at $74,967.
However, due to the nuclear tension between Ukraine-Russia, Bitcoin price may form a low at $57,027 with an average of $65,997.
BTC Price Prediction For 2025
With the launch of potential Bitcoin ETFs and the global adoption spark of Bitcoin, BTC will maintain a bullish trend in 2025. The cryptocurrency is expected to create a high of $110,449 with a low of $61,357. Therefore, in 2025, the average price of BTC will be $85,903 potentially.
Bitcoin Price Forecast For 2026
The Bitcoin price range in 2025 is expected to be between $82,522 to $135,284, with an average of $108,903.
BTC Price Prediction For 2027
In 2027, the Bitcoin price range can be between $152,837 to $169,047, with an average of $160,942, indicating a relatively stable bullish period for Bitcoin
Bitcoin Price Prediction For 2028
With the 5th Halving, the Bitcoin price will see another bullish spark in 2028. The potential Bitcoin price range in 2028 is $174,063 to $192,908 and an average of $183,485, demonstrating continued positive momentum.
BTC Price Forecast For 2029
In 2029, the BTC price will range between $204,634 to $239,559 and an average of $222,096, indicating a significant rise in Bitcoin’s value.
Also Read : Bitcoin Price Prediction 2023, 2024-BTC May Form New ATH at $120K in Q3, 2025
Bitcoin Price Prediction For 2030
Coming to 2030, BTC will create its new all-time high with a price range between $277,751 to $347,783 and an average of $312,767.
What Does The Market Say?
| Firm Name | 2023 | 2024 | 2025 |
| Gov.Capital | $60,716 | $91,245 | $123,352 |
| DigitalCoinPrice | $67,119 | $78,717 | $110,963 |
| Trading Beasts | $47,363 | $88, 632 | $154,435 |
*We have made a table that includes the possible price prediction for the same token made by other crypto analysts on their respective platforms. The targets mentioned above are the average targets set by the respective firms.
What is Bitcoin?
Bitcoin, a decentralized digital currency invented in 2008 by Satoshi Nakamoto, operates on a blockchain without central authority. Its limited supply and pseudonymous transactions attract investors globally. Though facing challenges and regulatory scrutiny, it continues to reshape the financial landscape. Click the link for more information on How Bitcoin Works?
Bitcoin Updates and Adoption
After a bearish 2022, there are multiple bullish developments coming for Bitcoin, ranging from ETFs to Bitcoin halving to Institutional adoption. The coming years for Bitcoin seem to be extremely bullish. Let’s have a deeper look at it.
Bitcoin ETFs are Coming
Larry Fink, BlackRock’s CEO, recently expressed bullish sentiments about digital assets, saying they could usher in a “new era” for finance.
There’s a new product around the corner – Bitcoin Exchange-Traded Funds (ETFs). These aim to track Bitcoin’s price, offering investors a way to get a slice of Bitcoin action without owning the crypto itself. More accessible, more regulated – a win-win for newcomers and seasoned investors in crypto alike.
Finance’s major players, including Deutsche Bank, BlackRock, Fidelity, Citadel, and Schwab, are eyeing up Bitcoin ETFs. This growing interest hints at the exciting opportunities the Bitcoin market presents and further legitimizes the crypto sphere.
It’s not all smooth sailing, though. Bitcoin ETFs have regulatory challenges to navigate before gaining approval. While this creates some uncertainty, these strides can fundamentally alter Bitcoin investments, impacting market dynamics and investment behaviors. Time will tell how this plays out.
Also Read : Michael Saylor: MicroStrategy Will Keep Buying Bitcoin, Whether or Not Spot ETFs Are Approved
Bitcoin Halving Events
The Bitcoin ‘halving’ just took place, an event that happens roughly every four years. Essentially, the reward Bitcoin miners receive for validating transactions gets cut in half. This curtails the number of new Bitcoins in circulation, usually sparking a price rally. Data shows the price surges after previous halvings – let’s watch this space.
| Event | Date | Reward (BTC) | Mined (BTC) |
| Launch | January 2009 | 50 | 10,500,000 |
| Halving 1 | November 2012 | 25 | 5,250,000 |
| Halving 2 | July 2016 | 12.5 | 2,625,000 |
| Halving 3 | May 2020 | 6.25 | 1,312,500 |
| Halving 4 | March 2024 | 3.125 | 656,250 |
| Halving 5 | Expected 2028 | 1.5625 | 328,125 |
| Halving 6 | Expected 2032 | 0.78125 | 164,063 |
CoinPedia’s Bitcoin Price Prediction
At CoinPedia, we hold an optimistic view on the future of Bitcoin, considering various factors that indicate a potential surge in its price. The upcoming Bitcoin halving event, renowned for its historical price rallies, has the potential to pave the way for a new all-time high.
Bitcoin halving occurring approximately every four years has consistently led to increased demand and upward price momentum. It is mostly due to the reduction in the supply of newly minted Bitcoins.
Additionally, the involvement of major financial institutions like BlackRock, Deutsche Bank, Fidelity, and Schwab, who are showing interest in Bitcoin ETFs, brings legitimacy to the crypto sphere and instills confidence in the market.
Projections from respected institutions such as Standard Chartered Bank and other market analysts further support our optimistic stance, as they foresee significant price increases for Bitcoin in the coming years.
We expect the BTC price to reach a new all-time high of $347,783 by 2030.
Bitcoin Historic Price Sentiments 2008 – 2022
Analyzing the historic price sentiment of BTC is suitable for rightly interpreting the indications we come across while analyzing its future price sentiment.
- Many big financial institutions like Blackrock, Fidelity, Deutsche Bank, Citadel, and Schwab are in a race for a Bitcoin-focused ETF.
- Standard Chartered Bank predicts the value of 1 Bitcoin will reach $100,000 by the end of 2024.
- Balaji Srinivasan wagered a $2 million bet that the Bitcoin price will reach $1 million due to the hyperinflation of the US dollar.
- After the fourth halving, 96.875% of the Bitcoin will be mined and circulating in the market cutting the Bitcoin miner’s block reward to 3.125 BTC per new block.
In a nutshell, the optimism and hope around Bitcoin continues 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.
FAQs
The Bitcoin halving takes place once every four years or every 210,000 blocks. The next Bitcoin halving will take place in April 2024.
Over the past 24 hours, BTC witnessed a 0.69% change, hitting a peak of $30,630 and a low of $30,259.
At the time of publishing, the price of 1 BTC was $30,604.
Bitcoin halving ensures that the amount of bitcoin we can mine decreases with each block, making bitcoin more scarce and ultimately more valuable.
Bitcoin price will surge with the Bitcoin halving coming closer.
The projected price of Bitcoin in 2023, will range between $25,401 and $35,000, with an average of $30,200.
For 2024, the BTC price will have a projected high of $74,967 and a potential low of $57,027, with an average price of $65,997.
In 2025, the projected high for Bitcoin is $110,449, with a low of $61,357 and an average price of $85,903.
The 2020 fall in Bitcoin found support at $3850 and started at $10,501. Considering you bought at the peak, your $100 investment would have increased by 191%. In short, your investment would be worth $219.
The current circulating supply of BTC is approximately 19,428,268 BTC, with a market cap of $595,390,159,392. Bitcoin will have a maximum supply of 21,000,000 (21 Million) tokens.
Bitcoin maximalists like Michael Saylor expect Bitcoin to hit the $1,000,000 mark by 2030. Investors can expect the Bitcoin price to surpass the $300,000 mark.
Source: https://coinpedia.org/price-prediction/bitcoin-price-prediction/