With the increasing price volatility in the cryptocurrency market, Bitcoin price has undergone a sharp drop at $73,000. This resulted in the star cryptocurrency dropping ~5% within a few hours. Amidst the volatility, questions like “Can Bitcoin still hit $100,000?”, “Will Bitcoin bounce back?”, or “Where will the price be in five years?” have once again come up! This comprehensive Bitcoin price prediction will clear up such doubts.
Bitcoin price prediction for November 2024
Bitcoin price has decreased by 5% in value over the past 24 hours but has increased by 2.31% in the past week. Furthermore, the market leader has successfully regained the $73,000 level and is on track to achieve a new all-time high (ATH) amidst increased volatility due to the upcoming U.S. presidential election.
If the bulls hold the $68,000 mark, Bitcoin's market price will be preparing to test the upper resistance level of $75,000 by the end of November. Conversely, $60,178.50 is the next significant support area.
Bitcoin price prediction for 2024
With the price surge in most of Q1, Q2, and Q3 of 2024, buyers are confident to maintain a bullish position in Bitcoin. As the upward trend peaks at $72,000 and maintains dominance above $62,000, the rally could accelerate.
Increasing hopes for interest rate cuts in the U.S. market will boost BTC's bullish trend. Therefore, 2024 is predicted to be a bullish year for Bitcoin, with a potential high of around $100,000 and a potential low of $46,146.75.
Bitcoin price prediction for 2025
With the launch of more Bitcoin-related financial services and a wave of global Bitcoin adoption, BTC prices are expected to maintain an upward trend in 2025.
This cryptocurrency is expected to reach a high of $135,449 with a low of $61,357. Therefore, the average Bitcoin price forecast for 2025 is likely to be $95,903.
Bitcoin price prediction 2026 – 2030
Cryptocurrency Bitcoin price prediction for 2026
The price range for BTC in 2026 is expected to be between $82,522 and $155,283. Furthermore, the average price is expected to be $115,569.
BTC price prediction for 2027
Then, the Bitcoin price prediction could range from $152,837 to $169,046 in 2027. Furthermore, the average value of Bitcoin is expected to be $160,942, indicating a relatively stable uptrend for Bitcoin.
Bitcoin price prediction for 2028
With the next Bitcoin halving, BTC will witness another price surge in 2028. Specifically, according to our Bitcoin price prediction, the potential price range for BTC in 2028 is from $174,063 to $192,907. The average price is also expected to be $183,485, indicating continued positive momentum.
BTC price prediction for 2029
Then, the Bitcoin price prediction for 2029 could range from $204,634 to $239,558. The average price is predicted to be $222,096, indicating that the value of Bitcoin will increase significantly.
Bitcoin price prediction for 2030
Finally, by 2030, Bitcoin's price is predicted to maintain a positive trend. Indeed, the price of BTC is expected to reach a new all-time high, ranging from $277,751 to $347,782. In summary, the expected average cost is $312,767.
Bitcoin market price prediction: Analyst and influencer BTC price targets
According to Blockware Solutions' forecast for Bitcoin, the price of 1 BTC could reach $400,000.
The author of the book Rich Dad Poor Dad, Robert Kiyosaki, predicts that the price of Bitcoin will surpass $100,000 this year.
Adam Back supports the bullish prediction for Bitcoin and expects the all-time high to be above $100,000.
* The above Bitcoin predictions by analysts are calculated at the time of the press.
Historical price sentiment of Bitcoin
Analyzing the historical price sentiment of BTC is the right way to accurately interpret the signals we encounter when analyzing price sentiment in the future.
In summary, the optimism and hope surrounding Bitcoin continue to rise since its launch. And now, with the cooperation of institutions, the outcome of the fourth Bitcoin halving is a significant turning point.
