Here are some key highlights from our latest Bitcoin price movement analysis and future projections:
- The live price of Bitcoin is $57,848 (BTC/USD).
- Our recent BTC price forecast indicates that its value will increase by 20.77% and reach $70,995 by Sept 19, 2024.
- Our technical analysis indicators signal a bearish current sentiment for Bitcoin.
- Bitcoin has had 15/30 (50%) green days and 4.23% price volatility.
Bitcoin Price Overview (Statistics)
| Cryptocurrency | Bitcoin |
| Token | BTC |
| Price | $57,848 |
| Price Change (24h) | -0.73% |
| Price Change (7d) | 1.92% |
| Market Cap | $1,142,803,045,740 |
| Trading Volume (24h) | $31,448,886,268 |
| Circulating Supply | 19,753,406 BTC |
| All-Time High | $73,750.07 (Mar 14, 2024) |
| All-time Low | $0.04865 (Jul 15, 2010) |
| Volatility | 4.23% (Medium) |
| Fear-Greed Index | 32 (Fear) |
| Sentiment | Bearish |
| Green Days | 15/30 (50%) |
Yearly Bitcoin Price Predictions 2024-2030
Let us look at Bitcoin future price prediction for the upcoming years based on historical price movements, technical analysis, and BTC halving cycles.
| Year | Minimum Price | Maximum Price |
|---|---|---|
| 2024 | $59,010 | $111,202 |
| 2025 | $59,537 | $178,394 |
| 2026 | $97,068 | $158,014 |
| 2027 | $80,115 | $96,009 |
| 2028 | $77,267 | $141,626 |
| 2029 | $108,677 | $306,038 |
| 2030 | $197,543 | $298,057 |
Bitcoin Prediction 2024
Based on technical analysis and market trends, Bitcoin’s price is expected to drop to a minimum of $59,010 and rise to a maximum of $111,202. Bitcoin buyers are confidently taking bullish positions, as the cryptocurrency experienced a bull run for the majority of Q1 and Q2 of 2024. Experts predict that the positive trend will continue in 2024.
Bitcoin Price Prediction 2025
The Bitcoin price forecast for 2025 expects Bitcoin prices to range between a low of $59,537 and a high of $178,394. The estimated average price will trade around $118,062. If we compare the current price to the maximum forecast price, Bitcoin can see a potential growth of 208.38% in 2025. The bullish trend in Bitcoin is expected to persist in 2025 due to the development of more financial services linked to the cryptocurrency and its rising global usage.
BTC Price Prediction 2026
After a thorough analysis of Bitcoin’s price movements over the past years, the Bitcoin forecast for 2026 expects Bitcoin’s price to range between a low of $97,068 and a high of $158,014. While BTC is expected to maintain momentum rather than set a new trend for the year, an average price of approximately $127,541 is anticipated by the end of 2026.
Bitcoin Price Forecast 2027
Bitcoin future price prediction over the next year is bearish. Prices are expected to decline, with a maximum value of $96,009, and a minimum value of $80,115. On average, the trading price will be $88,062. The Bitcoin price prediction for the remaining days of the year would be determined by the first six months. Buying Bitcoin early may yield decent near-term profits. BTC is projected to rush after a dip, although it is unclear if it will set a better trend.
BTC prediction 2028
In 2028, Bitcoin price analysis indicates another bearish run. The minimum price of Bitcoin is expected to be around $77,267, while the maximum price may reach approximately $141,626. The estimated average price will trade around $109,447.
Bitcoin Prediction 2029
The cryptocurrency sector, and Bitcoin in particular, might undergo a sea change in 2029. It is anticipated that Bitcoin will surpass the $2,00,000 threshold this year. BTC price predictions for 2029 suggest the coin could range between $108,677 at the lower end and reach a maximum price of $306,038. The Bitcoin forecast is robust in terms of volatility, but it is lacking in terms of setting precise prices.
Bitcoin Price Prediction 2030
The decade will conclude on a more optimistic note. According to the BTC forecast 2030, prices are expected to reach a maximum of $298,057. It goes without saying that this exceeds the $300k threshold. The minimum possibility is $197,543. If we compare the current price to the maximum forecast price, Bitcoin can see a potential growth of 415.24% in 2030.
Bitcoin Price Prediction 2040
Considering Bitcoin’s Compound Annual Growth Rate (CAGR) of 19% over the past three years, we predict Bitcoin could reach a peak of $1,271,463. Compared to the current Bitcoin price, this reflects a significant potential increase of 1951.19% by 2040. While Bitcoin price prediction analysis might go either way, the overall numerical speculation is solid, and the market is poised for a major boom.
Bitcoin Future Price Prediction 2050
Similar to the Bitcoin price forecast for 2040, if we use Bitcoin’s Compound Annual Growth Rate (CAGR) of 19% over the past three years, Bitcoin’s price could increase to $6,107,567 by 2050. The prediction shows that compared to its past performance, Bitcoin may have significant potential growth in the future. The long-term Bitcoin price prediction indicates that there will be a bull run in the future.
Although the analysis does not eliminate volatility, new regulations may pave the way for institutional and retail investors to pour money into digital assets like Bitcoin. Heavy capital inflows to its ETF might potentially drive the spike.
Bitcoin Price Forecast for Next 30 Days
The BTC price prediction or future price movements for the next 30 days, shown below, are based on trends from the past 30 days. This includes looking at both positive and negative changes.
| Date | Price | Change |
|---|---|---|
| Sep 14, 2024 | $59,537 | 1.00% |
| Sep 15, 2024 | $64,942 | 10.33% |
| Sep 16, 2024 | $68,175 | 15.91% |
| Sep 17, 2024 | $68,901 | 17.16% |
| Sep 18, 2024 | $69,984 | 19.03% |
| Sep 19, 2024 | $70,995 | 20.77% |
| Sep 20, 2024 | $71,852 | 22.25% |
| Sep 21, 2024 | $72,681 | 23.68% |
| Sep 22, 2024 | $73,197 | 24.57% |
| Sep 23, 2024 | $73,061 | 24.34% |
| Sep 24, 2024 | $71,435 | 21.53% |
| Sep 25, 2024 | $69,708 | 18.55% |
| Sep 26, 2024 | $68,900 | 17.16% |
| Sep 27, 2024 | $69,025 | 17.37% |
| Sep 28, 2024 | $70,382 | 19.71% |
| Sep 29, 2024 | $75,686 | 28.87% |
| Sep 30, 2024 | $78,848 | 34.32% |
| Oct 1, 2024 | $80,631 | 37.40% |
| Oct 2, 2024 | $80,853 | 37.78% |
| Oct 3, 2024 | $80,666 | 37.46% |
| Oct 4, 2024 | $80,187 | 36.63% |
| Oct 5, 2024 | $80,035 | 36.37% |
| Oct 6, 2024 | $80,216 | 36.68% |
| Oct 7, 2024 | $80,729 | 37.57% |
| Oct 8, 2024 | $80,834 | 37.75% |
| Oct 9, 2024 | $81,144 | 38.29% |
| Oct 10, 2024 | $81,747 | 39.33% |
| Oct 11, 2024 | $82,531 | 40.68% |
| Oct 12, 2024 | $82,784 | 41.12% |
| Oct 13, 2024 | $82,045 | 39.84% |
Bitcoin Technical Analysis
At the time of writing, BTC is trading at $57,848 with a market cap of $1,142,803,045,740 and a circulating supply of 19,753,406 BTC. The Bitcoin price has decreased by approximately -0.73% in the last 24 hours.
The mixed outlook still projects a short-term and medium-term bearish market sentiment and a long-term bullish run. Prevailing sentiments are bearish, with 32 points under the Fear and Greed Index (FGI) and 4.23% volatility. The 14-day Relative Strength Index (RSI) stands at $47.04. In the same order, the 50-day SMA and 200-day SMA are $60,336 and $61,861 respectively. The numbers will change over time.
Bitcoin’s price has shown significant volatility since January 2024. In early January, Bitcoin traded around $42,000. By late January, it surged to nearly $49,000, marking a 71.8% increase from the $28,500 resistance level. However, Bitcoin failed to close above the $48,000 resistance and corrected by 21%, dropping to around $38,500. Despite this correction, Bitcoin maintained support at the $40,000 level and did not close below this crucial support weekly. In March 2024, Bitcoin reached its highest recorded price, which was only 6% higher than its April 2024 peak.
Bitcoin Price History
Since the beginning, Bitcoin’s trading history has been volatile and unpredictable. There have been multiple price peaks and valleys for Bitcoin since it went live. Bitcoin price fluctuations often reflect supply, demand, and investor excitement.
The first Bitcoin transaction was made in January 2009, and since then, Bitcoin has grown in popularity among anonymous internet users. Upon its launch in 2009, Bitcoin was valued at zero. After a year, in July 2010, the price hiked to $0.09. BTC kept on gaining popularity as a new transaction method. In 2011, Bitcoin started off above $1 but dropped to $0.30 mid-year. In late 2013, the Bitcoin crypto price experienced a notable surge following the Bitcoin Halving event in 2012. It was only in 2017 when the BTC price surged significantly. It was around $900 a year before that and has risen to almost $20,000 by the end of 2017.
Bitcoin saw a few more ups and downs in the following years and then embarked on a massive bull run during 2020 and 2021. The first half of 2023 saw a boost in Bitcoin prices as primary asset managers submitted applications for Spot Bitcoin ETFs during the same year. The Bitcoin Halving and the idea to pursue an ETF by persuading the US SEC about its potential bolstered their sentiments.
Tracing the turning points in the price of Bitcoin:
- Bitcoin was almost zero dollars when it was introduced to the cryptocurrency market in 2009.
- Bitcoin kept gaining popularity when the token was $0.09 in 2010.
- In 2011, the token rose to $29. Bitcoin price predictions assumed that the maximum the token would go was $100.
- Bitcoin experienced its initial bull run in 2013 and its second significant bull run in 2017. In Dec 2017, BTC broke all the Bitcoin predictions and skyrocketed to $19345.
- In 2019, Bitcoin price prediction expectations met reality. BTC crossed $10,000 again, but in the second quarter, it dropped to $6800 again.
- The token got kicked to $40,000 in 2021. The value was backed by heavy trading volumes across crypto exchange platforms that were also supporting the value of $50,000 in Q2.
- It hit an All-time High (ATH) in November 2021, achieving the mark of $68,789.
- In 2022, Bitcoin continued a downward trend and slipped to $34,000, almost half of its highest price levels.
- In the first half of 2023, big asset managers applied for spot Bitcoin ETFs in hordes, leading to a massive price increase for BTC. The BTC price nearly doubled from January to July, peaking at $29,226.
By the end of 2023, Bitcoin closed at $42,224. - In January 2024, the SEC approved all 11 Bitcoin ETF applications.
In the current year, 2024, Bitcoin surged past $70,000 for the first time on March 8th, reaching multiple new all-time highs and culminating in its peak at $73,628 on March 14th.
BTC Price Predictions: Insights From Experts
Bitcoin halving has effectively reduced the number of tokens in supply. Thereby fueling a surge in token value. Bitcoin’s future is more bullish than it should be, even if Bitcoin price prediction shows fluctuations. The speculated trend is backed by several crypto experts and analysts.
Max Keiser
Max has called for a value of $100,000 in short term and $220,000 in long-term. The latter spans over a 4-year period while the former could be in the next 6-12 months. Keiser further expects that price recovery is on its way and a new all-time high value will break the stage as the price graph moves forward.
Robert Kiyosaki
Robert, in a post published on X, has written that he was totally okay with the price fall – adding that he even bought BTC for $6,000 and $9,000, further stating that he has plans to buy some more of it. This only goes on to demonstrate that Kiyosaki is bullish about the Bitcoin future price and is willing to buy the ongoing dip before it rebounds.
Plan B
Plan B has backed a high value of $288,000 with no tentative timeline in sight. Plan B has used the stock-flow model and has analyzed scarcity of the digital asset. It can also be understood that Plan B is keeping an eye on how the market reacts when Bitcoin Halving happens in the future. The one in 2024 softerend the decline if not massively triggered an upswing.
Peter Brandt
The famous commodity trader has earlier speculated that Bitcoin will drop by over 80%. Peter is not bullish and the market is a witness to the fact that the token did fall to $3,200. Brandt’s bearish stand sends chills across the market, especially since he has said that corrections could take longer to settle than expected. Peter has also criticized Bitcoin proponents for hyping the token without considering its price.
Tim Draper
Tim Draper, reportedly, has invested in Bitcoin heavily. It is safe to assume that Tim is supporting BTC. This is evident from his BTC predictions which state a rise to $250,000 in the coming days. His Bitcoin forecast dates back to the time when the value was about to rollout numbers for 2023. The numbers could not be banked. Yet, Draper is optimistic about heavy surges.
Ever Wondered What is Bitcoin?
Bitcoin ($BTC) does not need any introduction. If anything, it is imperative to clarify that BTC is a cryptocurrency and not a synonym for it. Naive enthusiasts continue to use both terms in place of each other. Bitcoin works on Proof of Work and is secured via the SHA-256 algorithm. It has often come under scrutiny for damaging the environment via mining activities. Nevertheless, it continues to move forward as time goes on.
Bitcoin is now the most commonly known cryptocurrency across the world. What it lacks is adoption and regulation from governmental authorities. It has been able to facilitate seamless cross-border transactions at the most economical cost. However, it has also been linked with groups that are known for indulging in money laundering and other similar activities.
It remains the Gold standard for the global crypto market with a dominance of over 50% in terms of market cap. Bitcoin has the highest value on the list, followed by Ethereum with a gap of more than $45,000 at the press time. Bitcoin, a peer-to-peer open-source and decentralized protocol, has its native token listed on multiple exchange platforms. They allow users to buy, sell, hold, and trade the flagship cryptocurrency.
Factors Influencing Bitcoin Price
Like other financial market instruments, BTC is also affected by the transformations occurring in the economy. Additionally, the Bitcoin market is more volatile and reacts to any minute economic disruption. Apart from financial and economic factors, Bitcoin price is mainly affected by the following factors:
- Scarcity – Scarcity in terms of Bitcoin refers to the number of coins in circulation, how many coins are there, and how many will be added in the future. Based on data, around 18 million to 19 million coins are in circulation. The protocol says that the minting of new coins will be stopped when it reaches 21 million. Fixed supply can increase demand. Additionally, when the reserve of BTC reduces, the need for coins will increase. Increased demand can raise the BTC price.
- Cryptocurrency Regulation – Regulation discussions are arising from different parts of the world. The crypto industry went through a significant sell-off when EI-Salvador legalized Bitcoin, and the regulation talks and its reflex can create a downward price movement in Bitcoin.
- Mainstream Adoption of Cryptocurrency – When the mainstream adoption of Bitcoin boosts, the price will also move upward. The increase in institutional investors and standard transaction rates can seriously impact price levels.
Buy, Sell, Or Hold BTC: Conclusion
Bitcoin poses less of a threat than compared to other cryptocurrencies, but it is still far more volatile and uncertain. It is only recommended for those individuals who are high-risk takers and have the ability to sustain potential losses.
Bitcoin has already achieved numerous new all-time highs this year. Market experts are optimistic about the potential bullish market for Bitcoin owing to the increasing interest from institutional investors and the upcoming Bitcoin Halving. However, the Bitcoin price prediction or expert opinions are only helpful for reference purposes, as digital assets often produce a distinct outcome.
In summary, Bitcoin has generated substantial returns but remains enveloped in volatility and uncertainty. Launching a Bitcoin Exchange-Traded Fund (ETF) in 2024 was a watershed moment in the mainstream usage of cryptocurrencies. It made Bitcoin investing easy and regulated for individual and institutional investors, legitimizing its asset class status.
Bitcoin Price Prediction FAQs
What is Bitcoin price today?
At the time of writing, the live Bitcoin price is around $57,848. The BTC price has decreased by -0.73% in the last 24 hours.
Will Gold beat BTC this year?
Bitcoin has surpassed Gold as the market leader, but Gold is still the investment of choice. Gold securities return 10-12%, while Bitcoin delivers better returns than Gold.
Is Bitcoin the best crypto to invest in?
Bitcoin is one of the best coins to invest in. It is considered one of the safest investment tokens among crypto enthusiasts and consistently appears on investment advisors’ top cryptocurrency lists. However, investors are aware that volatility remains the main obstacle.
How to use Bitcoin?
Bitcoin can be used for many purposes, such as payments, charity, and investment. Some non-profit organizations accept Bitcoin, and many retailers have started to do the same. Many retailers even provide crypto debit cards to users.
What determines the price of Bitcoin?
The determining factors for the price of cryptocurrencies, including Bitcoin or any other altcoin, are supply and demand. Simply put, the demand for Bitcoin drives up its price, just like conventional money. The price of Bitcoin decreases as demand decreases.
What will Bitcoin be worth in 2025?
As the Bitcoin network evolves at a swift pace, Bitcoin is expected to be worth at least $59,537 and up to a maximum of $178,394 by 2025.
How much will Bitcoin be worth in 2050?
Bitcoin is projected to reach the value of $6,107,567 in 2050.