Bitcoin Price Prediction: Will BTC Cross $1 Million in 2025-2030? 📈
Bitcoin is gearing up for a bullish move and might hit $65,000 this week. Market dynamics have shifted significantly, and the bulls aren't showing the strength needed to push Bitcoin above $60,000. Volume remains average, indicating cautious bullish activity.
Bitcoin Overview (July 08, 2024)
1️⃣ Bitcoin Price: $57,203.08
2️⃣ 24-Hour Price Change: -0.48%
3️⃣ 7-Day Price Change: -8.92%
4️⃣ Market Cap: $1.12 trillion
5️⃣ Circulating Supply: 19.71 million
6️⃣ 24-Hour Trading Volume: $28.06 billion
7️⃣ All-Time High (ATH): $73,750.07
8️⃣ Fear-Greed Index: 28 (Fear)
9️⃣ Sentiment: Bearish
🔟 Volatility: 5.83%
1️⃣1️⃣ Green Days: 13/30 (43%)
Technical Analysis
Bullish: 27%
Bearish: 73%
Bitcoin has dropped below key support levels ($58,516 - $60,155) and remains consolidated. Buying pressure is low, keeping prices in a tight range. The RSI struggles to rise, indicating prices will stay range-bound until breaking the 200-Day MA at $58,761. Once surpassed, Bitcoin could rally above $60,000.
BTC Price Prediction 2024-2030
2024: $75,000 to $78,000
2025: $95,000 to $105,000
Monthly Predictions
July 2024:
Bitcoin started July bearish, dropping from $63,000 to $53,700. Despite this, decent volume suggests nominal trading activity. BTC is expected to stay consolidated, closing between $59,500 and $59,800.
August 2024:
A bullish close in July might face a bearish start in August. Traders remain cautious, keeping volume within a range. BTC might reach $62,000 but likely close around $61,300.
September 2024:
Historically bearish, September might see BTC fall below $60,000. Bulls may re-enter, pushing prices to close between $61,800 and $62,200.
October 2024:
Selling pressure drops in October, boosting Bitcoin above $64,000, hitting $65,000 mid-month, and closing around $66,500.
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