Bitcoin Price Prediction: 2024, 2025, 2030 (2024)

Disclaimer

For some coins with little to no data points and inexistent historical data the model by default will show a positive price prediction. There is no way for our AI bot to decipher whitepaper, tokenomics and team integrity. The coin's price that you are about to see below can fall drastically depending on many factors, so please invest wisely after checking the team and project's whitepaper. This current price prediction is done by a machine crunching numbers and the model is still in the early beta stages. It should strictly not be taken as an investment advice. Although the best engineers are currently tweaking and updating the algorithm, no human has verified the price predicted below, so please use your discretion and make a decision wisely.

BTC price prediction: Key highlights

1. Primary support and resistance levels

• An analysis of the weekly time frame revealed$40,000 as the lowest probable support for BTC in 2024.
• As the king coin ascends, it can face its highest resistance at around$70,000to $75,000.

2. Market sentiment

• The BTC market is seen to be slightlybearishin September 2024.

3. Predictive forecasts

• Our AI/ML predictive algorithms forecast Bitcoin's value to likely average close to$120,000in 2028 and over$400,000 in 2035.

Stay informed onBTC’s future trajectory via a comprehensive weekly technical analysis, followed by the coming days of the month, upcoming months, and yearly forecast tables derived from our AI/ML-based predictive models:

BTC technical analysis: Mapping the king coin’s tough road ahead

In 2023, BTC demonstrated a remarkable recovery from its lows in 2022, showcasing a year of significant volatility and growth. This year, the king coin started out experiencing a massivebull run.Yet, the recent downturn has posed many challenges. Several analysts anticipate that theBitcoinprice prediction for 2024 will be monumental as the price can achieve record-breaking levels.

The period under review started with the coin rising to reclaim its lowest yearly support at$26,000 in mid-September. After briefly stabilizing, the BTC bulls began rallying in Q4 2023. With this rally, they successfully claimed$40,000 by December. After this, the coinconsolidatedbetween this support and$45,000.

In February, BTC experienced abullishbreakout, rising above the latter for the first time since April 2022. This growth was attributed to the launch of BTC spotexchange-traded funds(ETFs).

As the month progressed, bullish momentum intensified, with$52,000converted into a support level by the end of February. Concurrently, Bitcoin's market capitalization reclaimed the$1 trillion mark, as perCoinMarketCap.

Theuptrend carried into March, and Bitcoin hit$73,777onBinance, surpassing its previousall-time high (ATH). However, a retracementoccurred, with prices dropping as low as$60,000the following week. Despite thispullback, BTC retested the highest resistance at$72,000 in April. A broader market crash followed, pushing the coin to$60,000again

The highly anticipatedhalving event did not trigger a massive surge in the price or lead to a sell-off. While the altcoins experienced bull rallies, BTC remained relatively stagnant. Moreover, April marked the first time since BTC ended the month with a negative price return.

By mid-May, optimism started to rebuild as the price pumped to retest the yearly peak resistance. Yet, it retracted once more. AMBCrypto credited this drop to the MayU.S. jobs report. As a result of this decline, the market capitalization also suffered.

The market continuously bled throughout June, compromising the four-month held support at$60,000by July. AMBCryptohighlighted a notable influx of over$1 billion worth of BTC sent to exchanges in the first week of July. Additionally, Mt. Gox conducted a test transaction of over 1,000 BTC to prepare for planned payouts to creditors, moving$2.7 billion worth of Bitcoin to a new address.

These transfers, coupled with the German government dumping coins in the market, triggered widespread panic and raised fears of massive sell-offs in the community. Nonetheless, the coin reclaimed$60,000by mid-July. This resurgence coincided with the news of the assassination attack on former US President Donald Trump. Meanwhile, thewhaleaccumulation continued to grow.

Concurrently, the German government offloaded its BTC reserves entirely in mid-July. Furthermore,Mt. Gox’s balance lowered, signaling that the supply pressure was almost over.

Nevertheless, the news ofJapan's interest rate hike stoked fears of a market crash similar to 2008. This development likely contributed to Bitcoin retracting below$60,000. In early August, it dropped to the$52,000support but maintained proximity to the previous level. It surged slightly over it mid-month. Therecovery was reportedly driven by over$2.5 billion of Bitcoin shorts liquidations.

Regardless, the inability to make a decisive move over$60,000 emphasized the strong selling pressure. Furthermore, BTC closed August in red amid massiveoutflows from Binance. September also began pessimistically, further deteriorating the king coin’s value. At press time, BTC’s trading price was$55,733.

How high/low can BTC go in 2024?

AMBCryptoanalyzed historical trends, revealing that BTC has performedbearishly in eight out of 11 Septembers since 2013. Nonetheless, the anticipated FED rate cuts and global liquidity recovery instill hopes of a revival.

Moreover, AMBCrypto’sJuly research report noted that many believe Trump’s presidency could push BTC over$80,000. The potential launch of Bitcoinoptions trading could further improve mainstream adoption.

Analysts also assert that apost-halving rally for BTC can still be expected. A recentreport by AMBCrypto supported the positive outlook, underlining several indicators for a possible bullish phase.

Several experts are forecasting significantly higher valuations for Bitcoin. These predictions suggest that BTC could escalate to monumental price points of$100,000 to$150,000. This optimistic outlook hinges on its ability to push past a critical threshold of$70,000 to$75,000. Sustained momentum above these levels can likely put$80,000on the cards.

Nevertheless, AMBCrypto observed adescending channel in the shorter time frame, signaling more declines to$52,000. Meanwhile, the convergence of the channel’s lower boundary with this support zone hinted at a significant breakout, potentially driving the asset to new highs.

However, a decisivedowntrendcould see Bitcoin's value dropping to between$45,000 and$40,000.Such a scenario would likely be temporary, paving the way for BTC to rebound.

Based on our predictive models' predictions, the coin is anticipated to average around$120,000within four years. The projections become even more striking in the long term. Our models predict that Bitcoin's average price will be close to$400,000 by 2035.

BTC's 2024 roadmap: Key indicators to watch and trade

• TheRelative Strength Index(RSI) recovered over 50 in late September. It entered theoverboughtterritory by October's end, only to recede in January. In February, theRSIclimbed above70again, peaked in March, and dropped below.
• Thisdowntrendintensified in June, pushing the indicator below the50 line by July. After a brief resurgence in mid-July and mid-August, it dipped again. The indicator stood at45.49at press time, indicating abearishbias.
• TheChaikin Money Flow (CMF) stayed below thezero lineuntil mid-October. After that, the indicator maintained positive values, closing at0.02. This marked a decrease from earlier highs, reflecting increased selling pressure.
• Thetrading volume mirrored the price movements. Thebullish rallies saw the volume recover significantly, indicating that they were backed by substantial investor interest. Additionally, investor caution was also apparent during the price downturns.

Bitcoin's Short Term Price Prediction

Bitcoin price prediction 13 September 2024: Bitcoin's price for 13 September 2024 according to our analysis should range between $53813.71 to $61914.70 and the average price of BTC should be around $57864.21.

Bitcoin price prediction 14 September 2024: Bitcoin's price for 14 September 2024 according to our analysis should range between $53995.58 to $62123.94 and the average price of BTC should be around $58059.76.

Bitcoin price prediction 15 September 2024: Bitcoin's price for 15 September 2024 according to our analysis should range between $54179.40 to $62335.44 and the average price of BTC should be around $58257.42.

Bitcoin price prediction 16 September 2024: Bitcoin's price for 16 September 2024 according to our analysis should range between $54353.27 to $62535.48 and the average price of BTC should be around $58444.37.

Bitcoin price prediction 21 September 2024: Bitcoin's price for 21 September 2024 according to our analysis should range between $55275.76 to $63596.84 and the average price of BTC should be around $59436.30.

Bitcoin price prediction 26 September 2024: Bitcoin's price for 26 September 2024 according to our analysis should range between $56228.78 to $64693.33 and the average price of BTC should be around $60461.06.

Bitcoin price prediction 6 October 2024: Bitcoin's price for 6 October 2024 according to our analysis should range between $58073.77 to $66816.06 and the average price of BTC should be around $62444.91.

Bitcoin price prediction November 2024: Bitcoin's price for November 2024 according to our analysis should range between $59072.74 to $67965.41 and the average price of BTC should be around $63519.08.

Bitcoin price prediction December 2024: Bitcoin's price for December 2024 according to our analysis should range between $59617.45 to $68592.12 and the average price of BTC should be around $64104.79.

Bitcoin's Long Term Price Prediction

Bitcoin’s long term Price Prediction below is a look at BTC’s future prospect with regards to price. Bitcoin was last seen at $58,013, with a market cap of $1,145,938,000,416 and trading volumes of $29,786,811,084. BTC’s price prediction is possible by analyzing historical price action, current developments and social sentiment from the community.

Bitcoin price prediction 2024: Bitcoin's price for 2024 according to our analysis should range between $51752.39 to $77628.59 and the average price of BTC should be around $64690.49.

Bitcoin price prediction 2025: Bitcoin's price for 2025 according to our analysis should range between $59882.58 to $89823.87 and the average price of BTC should be around $74853.22.

Bitcoin price prediction 2026: Bitcoin's price for 2026 according to our analysis should range between $70271.64 to $105407.46 and the average price of BTC should be around $87839.55.

Bitcoin price prediction 2027: Bitcoin's price for 2027 according to our analysis should range between $87093.40 to $130640.09 and the average price of BTC should be around $108866.74.

Bitcoin price prediction 2028: Bitcoin's price for 2028 according to our analysis should range between $93965.37 to $140948.06 and the average price of BTC should be around $117456.71.

Bitcoin price prediction 2029: Bitcoin's price for 2029 according to our analysis should range between $97874.53 to $146811.80 and the average price of BTC should be around $122343.17.

Bitcoin price prediction 2030: Bitcoin's price for 2030 according to our analysis should range between $112129.65 to $168194.47 and the average price of BTC should be around $140162.06.

Bitcoin price prediction 2031: Bitcoin's price for 2031 according to our analysis should range between $131736.30 to $197604.45 and the average price of BTC should be around $164670.37.

Bitcoin price prediction 2032: Bitcoin's price for 2032 according to our analysis should range between $153723.51 to $230585.27 and the average price of BTC should be around $192154.39.

Bitcoin price prediction 2033: Bitcoin's price for 2033 according to our analysis should range between $228178.96 to $342268.44 and the average price of BTC should be around $285223.70.

Bitcoin price prediction 2034: Bitcoin's price for 2034 according to our analysis should range between $190996.55 to $286494.83 and the average price of BTC should be around $238745.69.

Bitcoin price prediction 2035: Bitcoin's price for 2035 according to our analysis should range between $259413.60 to $389120.41 and the average price of BTC should be around $324267.01.

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Bitcoin’s current price is $58,013 and witnessed a -0.55% decrease in the past 24 hours. BTC/BTC pair saw a 0% increase in the past 24 hours

Investing in Bitcoin, BTC will purely depend on your personal risk appetite. As you can see over the past 24 hours Bitcoin’s price has witnessed a -0.55% decrease and over the past 30 days Bitcoin has decrease by -4.79%. So it all depends on if this investment will hit your trading goals.

According to our latest Bitcoin Price prediction for 2024, BTC should vary between $77628.59 and $51752.39. Please keep in mind that the crypto market is very volatile and this Bitcoin price prediction does not account for extreme wild swings in price.

As per the Bitcoin price prediction 2024 model above, BTC’s price for September 2024 should range between $51752.39 to $77628.59 with the average price for September being $64690.49

According to the Bitcoin Price Prediction model above, BTC’s price in 2025 would be $74853.22. This price would however would range from $89823.87 and $59882.58.

According to the Bitcoin Price Prediction model above, BTC’s price in 2026 would be $87839.55. This price would however would range from $105407.46 and $70271.64.

According to the Bitcoin Price Prediction model above, BTC’s price in 2027 would be $108866.74. This price would however would range from $130640.09 and $87093.40.

According to the Bitcoin Price Prediction model above, BTC’s price in 2028 would be $117456.71. This price would however would range from $140948.06 and $93965.37.

According to the Bitcoin Price Prediction model above, BTC’s price in 2029 would be $122343.17. This price would however would range from $146811.80 and $97874.53.

According to the Bitcoin Price Prediction model above, BTC’s price in 2030 would be $140162.06. This price would however would range from $168194.47 and $112129.65.

According to the Bitcoin Price Prediction model above, BTC’s price in 2031 would be $164670.37. This price would however would range from $197604.45 and $131736.30.

According to the Bitcoin Price Prediction model above, BTC’s price in 2032 would be $192154.39. This price would however would range from $230585.27 and $153723.51.

According to the Bitcoin Price Prediction model above, BTC’s price in 2033 would be $285223.70. This price would however would range from $342268.44 and $228178.96.

According to the Bitcoin Price Prediction model above, BTC’s price in 2034 would be $238745.69. This price would however would range from $286494.83 and $190996.55.

According to the Bitcoin Price Prediction model above, BTC’s price in 2035 would be $324267.01. This price would however would range from $389120.41 and $259413.60.

The highest price for Bitcoin was recorded in 14 March 2024 during which BTC hit an All Time High of $73,738

The price of 1 Bitcoin according to current market rate is $58,013