Bitcoin is the world's first cryptocurrency with the highest value. Investors and traders are highly interested in Bitcoin's uniqueness, growth potential, and ability to influence other cryptocurrencies. With a market cap of $539,114,505,737, the Bitcoin exchange rate directly impacts other digital assets.

This article reviews the history of this cryptocurrency, forecasts for the near future using technical analysis, and examines the estimates of leading cryptocurrency analysts.

The current Bitcoin price in US dollars as of 01.10.2024 is $63 488.00;

Bitcoin will continue to trade at around $66 000 - $76 000 till the end of 2024. By the end of the year, the coin may reach $76 000 – $78 000;

In 2025, the average BTC price will reach $109 000. The coin is expected to trade in the $124 000 – $132 000 range;

In 2030, the BTCUSD rate will trade at $117 252, and the highest price is expected to be around $765 037.86.

BTCUSD: according to the Elliott wave analysis, BTCUSD quotes are expected to end a horizontal correction B during the week. Consider buying BTC at the current level, taking profits at 68578.00.

Weekly Elliott wave Bitcoin analysis as of 30.09.2024

LiteFinance: The BTCUSD continues to form a global impulse (1)-(2)-(3)-(4)-(5). The first four parts of this pattern must have been completed. Correction (4) is a double zigzag W-X-Y. The ascending wave (5) is unfolding as an impulse [1]-[2]-[3]-[4]-[5] on the last segment of the price chart. Sub-waves [1]-[2]-[3] are likely completed. A complex correction [4] is likely unfolding as a double zigzag (W)-(X)-(Y). Once a sub-wave (Y) unfolds the correction will finish. Let’s analyze the last price chart section in more detail.$BTC