Bitcoin Price Prediction 2024-2030: Will BTC Cross $100K This Year?
Story Highlights
- Current Price: $60,667.38
- Market Cap: $1.19 trillion
- Trading Volume: $32.8 billion
- Circulating Supply: 19,735,206 BTC
Key Predictions
- August 2024: $52,000 - $77,842
- 2024: $35,000 - $120,000
- 2025: $61,357 - $140,449
- 2030: $277,751 - $347,783
Market Trends
Bitcoin’s price is currently showing strong bullish patterns, suggesting a possible rise to $100,000. A recent breakout in Q3 aims to surpass $70,000, leading to speculation about a new long-term bull market.
Derivatives Analysis
- Funding Rate: 0.01750058 (bullish sentiment)
- Taker Buy-Sell Ratio: 0.49825055 (selling dominant)
- Open Interest: $20.43 billion (increased liquidity)
Inflation Impact
June's CPI data shows cooling inflation, indicating potential rate cuts by the Federal Reserve, which could positively influence Bitcoin’s price.
Detailed Predictions
- August 2024: Potential low of $52,000, average of $64,921, and high of $77,842.
- 2024: Potential low of $35,000, average of $77,500, and high of $120,000.
- 2025-2030: Prices range from $61,357 in 2025 to a high of $347,783 by 2030.
FAQs
- 2024 Prediction: $35,000 - $120,000
- 2025 Prediction: $61,357 - $140,449
- 2030 Prediction: $277,751 - $347,783
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