Economists' forecasts for the Bitcoin market vary over the coming months, with many of them based on technical and fundamental analysis. Here are the most prominent forecasts:
Price forecast
1. End of 2024:
- Bitcoin price is expected to range between $90,000 and $95,000. If prices continue to rise, the price could reach $100,000, with an expected average around $89,000.
2. 2025:
- The average price of Bitcoin is expected to rise to $132,000, with fluctuations ranging between $125,000 and $155,000. This growth is attributed to positive news and institutional investment.
3. Until 2030:
Analysts expect the average price of Bitcoin to reach $180,000, with the possibility of reaching an estimated high price of around $674,000.
Technical analysis
- According to Elliott Wave analysis, Bitcoin may witness a short-term decline to around $58,789, which may provide an opportunity for traders to open short trades.
- Technical analysis also shows that Bitcoin may continue to form a bearish corrective wave, which means that it is appropriate to look for selling opportunities from current levels.
Market sentiment
- Market sentiment indicates strong interest from traders, with high trading volume showing increased demand for Bitcoin. The volume to market cap ratio also reflects strong market activity.
Influencing factors
Bitcoin forecasts are influenced by several factors, including macroeconomic conditions, regulatory events, and technological developments. Events related to the halving in April 2024 could also have a significant impact on prices.
Conclusion
In general, experts expect the Bitcoin market to continue to grow in the long term, with short-term fluctuations that may affect prices. It is important to follow economic news and market developments to get a clearer picture of future trends.