Here are some key highlights from our latest analysis on Bitcoin’s price movement and future projections.
- The live price of Bitcoin is $63,301 (BTC/USD).
- Our recent BTT price forecast indicates that its value will increase by 20.26% and reach $77,242 by July 10, 2024.
- Our technical analysis indicators signal neutral market sentiment on Bitcoin.
- Bitcoin has had 16/30 (53%) green days and 4.87% price volatility.
Let’s dive into the detailed yearly Bitcoin price predictions for 2024-2050 based on historical price movements, technical analysis, and BTC halving cycles.
Yearly Bitcoin Price Predictions 2024-2030
Let us look at Bitcoin price prediction for the upcoming years, based on the historical price movements, technical analysis and BTC halving cycles.
| Year | Minimum Price | Maximum Price |
| 2024 | $65,010 | $115,462 |
| 2025 | $65,034 | $174,896 |
| 2026 | $124,389 | $178,394 |
| 2027 | $93,310 | $142,580 |
| 2028 | $77,267 | $128,009 |
| 2029 | $108,677 | $266,680 |
| 2030 | $225,971 | $306,038 |
Bitcoin Price Prediction 2024
Based on technical analysis and market trends, the BTC coin price is expected to drop to a minimum price of $65,010 and rise to a maximum price of $115,462.
Bitcoin Price Prediction 2025
The Bitcoin price forecast for 2025 expects Bitcoin prices to range between a low of $65,034 and a high of $174,896. If we compare the current price to the maximum forecast price, Bitcoin can see a potential growth of 174.92% in 2025.
Bitcoin Price Prediction 2026
After a thorough analysis of Bitcoin prices and their fluctuations over the past years, the Bitcoin price prediction for 2026 expects Bitcoin prices to range between a low of $124,389 and a high of $178,394.
Bitcoin Price Prediction 2027
Based on the Bitcoin price analysis by crypto experts and market trends, the Bitcoin price prediction for 2027 expects a minimum price of $93,310 and a maximum price of $142,580. On average, the trading price will be $117,945.
Bitcoin Price Prediction 2028
Bitcoin forecast for 2028 suggests the minimum price of Bitcoin will be around $77,267 and the maximum price may be around $128,009. The estimated average trading price will be around $102,638.
Bitcoin Price Prediction 2029
Bitcoin is expected to surpass $200,000 this year. BTC price predictions for 2029 suggest the coin could range between $108,677 at the lower end and reach a maximum price of $266,680.
Bitcoin Price Prediction 2030
The Bitcoin price forecast for 2030 expects Bitcoin prices to range between a low of $225,971 and a high of $306,038. If we compare the current price to the maximum forecast price, Bitcoin can see a potential growth of 382.08% in 2030.
Bitcoin Price Prediction 2040
Considering Bitcoin’s Compound Annual Growth Rate (CAGR) of 19% over the past three years, we predict Bitcoin could reach a peak of $1,271,463. Compared to the current Bitcoin price of $63,301, this reflects a significant potential increase of 1951.19% by 2040.
Bitcoin Price Prediction 2050
Similar to the Bitcoin price forecast of 2040, if we use Bitcoin’s Compound Annual Growth Rate (CAGR) of 19% over the past three years, Bitcoin’s price could increase to $6,107,567 by 2050. Bitcoin prediction displays that compared to its past performance, Bitcoin may have significant potential growth in the future.
Bitcoin Technical Analysis
At the time of writing, BTC is trading at $63,301, with a market cap of $1,264,566,789,484.29 and a circulating supply of 19,694,756 BTC. Currently, the short-term and medium-term moving averages suggest a bearish market sentiment, contrasting with the bullish long-term moving averages.
Bitcoin’s price has shown significant volatility since January 2024. In early January, Bitcoin traded around $42,000. By late January, it surged to nearly $49,000, marking a 71.8% increase from the $28,500 resistance level. However, Bitcoin failed to close above the $48,000 resistance and corrected by 21%, dropping to around $38,500. Despite this correction, Bitcoin maintained support at the $40,000 level and did not close below this crucial support weekly. In March 2024, Bitcoin reached its highest recorded price, which was only 6% higher than its April 2024 peak.
Bitcoin Price History
Bitcoin was almost zero dollars when it was introduced to the market. After a year, in July 2010, the price hiked to $0.09. BTC kept on gaining popularity as a new transaction method. As a result, Bitcoin reached $29 in 2011. 2013 marked a landmark in Bitcoin price levels. People started investing and trading in Bitcoin. Hence the coin price surged to $230. For the next three years, Bitcoin hung between $150 and $315, excluding a spike of $1237 as per the historical price data.
Bitcoin swelled from $900 in 2016 and extended to $2000 in 2017. In Dec 2017, BTC broke all the Bitcoin predictions and skyrocketed to $19345. For the following two years, Bitcoin faced market rejections and traded sideways due to a sell-off.
It was in 2019 when Bitcoin price prediction expectations met reality. BTC crossed $10,000 again, but in the second quarter, BTC again dropped to $6800. The following year was remarkable. The cryptocurrency market activated unhurriedly, but Bitcoin surpassed $29000. Early investors enjoyed significant profits.
After the first quarter of 2020, nothing could stop the Bitcoin rally. It formed higher highs on the chart and kicked $40,000 in 2021. Crypto exchanges witnessed increased trade volume, and Bitcoin rose to $50,000 in the second quarter. Crypto markets have witnessed tremendous attention and interest among investors.
The same has been reflected in Bitcoin prices. Bitcoin projections broke the range, and BTC hit an all-time high of $68,789 in November 2021. In 2022, Bitcoin continued a downward trend and slipped to $34,000, almost half of its highest price levels.
The first half of 2023 saw significant growth , with Bitcoin price nearly doubling from January to July, peaking at $ 29,226 amidst a wave of spot Bitcoin ETF applications by major asset managers. By the end of 2023, Bitcoin closed at $42,224. In the current year 2024, Bitcoin surged past $70,000 for the first time on March 8th, reaching multiple new all-time highs and culminating in its peak at $73,628 on March 14th.
Is Now the Time to Buy, Sell, or Hold BTC?
As of now, the short-term and medium-term market sentiments are bearish with the bullish long-term moving averages. While Bitcoin may experience some short-term volatility, the overall technical analysis points to a bullish outlook for BTC in the coming future.
Holding BTC appears to be a reasonable strategy at this moment, with the potential for further gains if prices can break above key resistance levels. However, investors should closely monitor the $60,330 support level and be prepared for potential pullbacks.
Experts Share Their Thoughts on Bitcoin’s Future
Though BTC halved from its highest levels, crypto experts are bullish on Bitcoin future price. In their opinion, Bitcoin may catch the all-time high in the medium-term and further extend to $1,00,000. Volatility is a part of the cryptocurrency markets that every investor envisions when putting their money in digital currency. The Bitcoin forecast of the specialists is expecting a bullish run.
Max Keiser:
Max Keiser is one of the famous industry experts in crypto. In his interview with Daniela Cambone of Stansberry Research, Keiser expressed his view on the Bitcoin price. Keiser calls for $1,00,000 in Bitcoin prices in the short term and $4,00,000 in the long term. Keiser was expecting Bitcoin to touch $1,00,000 in 2020, but he explains why it didn’t happen.
Keiser said As far as 2021 goes, I said we’re going to get to $2,20,000 per coin, which is a typical four-year cycle. But in 2021, due to the massive China collapse in mining in hash power, the power collapsed by 50%. We have recovered that now, and we’re about to hit a new all-time high in hash rate. That’s why I’m pushing my $2,20,000 target from 2021 to 2022.”
Keiser is still bullish on Bitcoin and is waiting for its rise to the predicted levels.
Robert Kiyosaki
Robert Kiyosaki, the author of Rich Dad and Poor Dad, is a financial expert as well. Recently, Kiyosaki tweeted that the fall in Bitcoin is a good sign, and he will acquire more BTC at this price.
Kiyosaki wrote in his Twitter post, “The price of Bitcoin is falling. I’m well. I bought BTC for $6K and $9K. I will buy more if and when BTC tests $20K. The time to become richer has come. Silver is still 50% below its high price,”
Robert Kiyosaki’s Bitcoin projection data anticipates hitting $75,000 in the future.
Plan B
The stock-flow model was created by a Bitcoin expert named Plan B. It uses the digital scarcity of assets to estimate the price valuation in the future. On account of this model, Bitcoin’s future price will reach $2,88,000.
Peter Brandt
Peter Brandt is a famous commodity trader. In 2018, Peter predicted that Bitcoin would drop to more than 80%. To investors’ wonder, it was the Bitcoin crash, and prices fell below $3,200. Unfortunately, the legend is not bullish on the future price of Bitcoin.
It will take a long time for Bitcoin to bounce back from the current level and break it’s all-time high. According to Peter Brandt, “Corrections can be lengthy. Long endurance, not constant hype, should be the message.” Peter criticizes Bitcoin proponents for giving hype to tokens without looking at the price move.
Tim Draper
Reports say Tim Draper heavily invested in Bitcoin. Based on his past BTC predictions, he anticipated BTC to hit $2,50,000 by 2022 or 2023. The unpredictable events came on the way. Draper hasn’t lost his hope in Bitcoin.
Draper said ‘“I stand by my prediction. $250k per token by the end of 2022 or early 2023. We have had many ups and downs and will continue to, but the global, trusted, decentralized, frictionless, open, transparent Bitcoin will become increasingly popular as more and more applications evolve,”
What is Bitcoin?
Bitcoin does not need a formal introduction in the cryptocurrency market. It is the most significant and first cryptocurrency token in history. Bitcoin is a peer-to-peer cryptocurrency for transactions, and it is an open-source, decentralized protocol for worldwide crypto payments. The native cryptocurrency is represented with the ticker symbol BTC. It works on the Proof of Work consensus and is secured with the SHA-256 algorithm. Besides direct payments, BTC can be mined and traded on exchanges.
Bitcoin was the spark for introducing a new industry and transaction model. Undoubtedly, it remains the king of the crypto industry. This digital asset was the base and the role model for subsequently invented crypto tokens. Bitcoin is the highest valued and most prominent cryptocurrency in the world. Let’s explore more about its history and Bitcoin price predictions, along with technical analysis for the upcoming years.
Who Created Bitcoin?
Digging back to history, in 1998, a concept called cryptocurrency was discussed by Wei Dai on his CypherPunks mailing list. It was about creating a new form of transaction currency secured with cryptography. Way back in 2008, Satoshi Nakamoto published the Bitcoin Whitepaper. Satoshi Nakamoto is a pseudonym, and his original identity has not been revealed yet. Bitcoin whitepaper described the decentralized transaction concept, public ledger, and cryptographic algorithm. The whole idea later emerged as blockchain technology.
At the beginning of 2009, Nakamoto mined the first Bitcoin block. Indeed, history is marked by the invention of cryptocurrency, and it was a $0.00 price at the beginning. It was easy to mine Bitcoin blocks with moderate power devices and minimum software requirements during the introduction stage. The initial real-world Bitcoin trade was marked in 2010 by software programmer Laszlo Hanyecz; he purchased two pizzas for 10,000 Bitcoin. The memory of the same was celebrated in 2021 as ‘Bitcoin Pizza Day.
Bitcoin price was somewhere around $0.008 to $0.08 at that time. What astonishment a cryptocurrency can give to investors beyond this growth. Satoshi Nakamoto was the original inventor, but later, Gavin Andresen took over the control of the Bitcoin code repository. Consequently, he became the lead developer of the Bitcoin Foundation.
It is essential to mention that nobody owns control of the Bitcoin protocol. Developers are just improving the protocol, and users can freely use the versions. Bitcoin grew fast and got a comprehensive endorsement. Though the anonymity of the inventor raised enormous concern about the open-source Bitcoin, the team has resolved the issue by openly publishing the protocol and software.
How Does Bitcoin Work?
Technically, Bitcoin shares a public ledger. Every single transaction from the start has been fed into the public register. Users can verify the validity of each transaction. Notably, transactions are protected by a digital signature corresponding to the sending address. Each transaction has to be validated, and the validation process is called Bitcoin mining. Miner adds blocks to the chain. Anyone with adequate hardware and software facilities can solve a complex mathematical solution to mine a block. Upon successful mining, the miner will get a reward in BTC.
It is challenging to solve the complex mathematical algorithm to verify the transactions. Bitcoin is highly valued, and it is crucial to verify each transaction accurately. Hence it requires substantial computational power and effort. Bitcoin mining is the most difficult process among the overall cryptocurrency mining mechanism.
As mentioned earlier, Bitcoin transactions require a massive amount of energy consumption, and data shows that a single Bitcoin transaction can consume approximately 1752 KW hours of electricity. Moreover, the average transaction confirmation time varies from 10 to 15 minutes. Inflated transaction fees, lengthy transaction confirmation time, low throughput, scalability, and high energy are the most critical issues associated with Bitcoin transactions.
BTC has also gone through several upgrades and additions like all other cryptocurrencies. The two most important are the Bitcoin Lightning Network and the Taproot upgrade. Both aim to increase transaction speed and efficiency in the network. The Taproot upgrade clusters numerous signatures and transactions concurrently, making it easy and faster to verify transactions. In addition to that, the Taproot upgrade speeds transactions with single and multiple signatures jointly. It creates it complex to identify transaction inputs on Bitcoin’s blockchain.
Bitcoin lightning network is a Layer-2 solution connected to the Bitcoin blockchain. It is an off-chain decentralized system of smart contracts to make transactions more effortless. These are mainly used to conduct micropayments in Bitcoin fast and cheaply. Many exchanges and enterprises worldwide obtain the Bitcoin lightning networks for commerce.
Though Bitcoin is the first name in blockchain technology, it still lacks scalability and throughput. Moreover, it is not suitable for micropayments or low amount transactions due to its high transaction fees. However, recent Bitcoin developments are trying to make it adaptable for commerce.
How to Use Bitcoin?
- For Payments:
After the Bitcoin Lightning Network, retailers began accepting BTC payments. Any small amount can be transacted through the Bitcoin Lightning Network. Some retailers provide cryptocurrency debit cards, and users can spend the cryptocurrency in their accounts at retail points like standard debit cards. It can also be used to buy gift cards that can be used somewhere else. Organizations such as Overstock and Newegg have started to accept Bitcoin as payments.
Flexa is an online payment network that supports Bitcoin transactions. Using Flexa’s SPEDN mobile wallet, Bitcoin holders can send and receive BTC. In addition to Flexa, Paypal also made their system to support BTC Payments. Paypal will convert the Bitcoin to dollars, and Paypal requires some additional settings from the user to make it possible. Bitcoin, in these cases, can be either paid through the addresses or using a QR code. Retailers promote BTC payments via QR codes for a seamless payment process.
- For Charity:
Many non-profit organizations and charities are now allowed payments in Bitcoin. So, those who want to donate their BTC to charity can do so with acceptable transaction methods.
- For Investment:
Investment is a famous use case for Bitcoin. The first-ever cryptocurrency has given immense returns to investors so far. So it is considered one of the top investment options in the cryptocurrency market.
Is Bitcoin the Best Crypto to Invest In?
Bitcoin is considered the safest investment token among crypto enthusiasts, and it always falls on investment advisors’ top cryptocurrency list. Volatility remains the main obstacle. But investors are evident that volatility is a part of the crypto market. Volatility will reduce when mainstream adoption increases and the government shows more interest in the coin. Keeping all other facts about the digital asset in mind, Bitcoin is one of the best coins to invest in.
Factors Influencing Bitcoin Price
Like other financial market instruments, BTC is also affected by the transformations occurring in the economy. Additionally, the crypto market is more volatile and reacts to any minute economic disruption. Apart from financial and economic factors, Bitcoin price is mainly affected by the following factors:
Scarcity
Scarcity in terms of Bitcoin refers to the number of coins in circulation, how many coins are there, and how many will be added in the future. Based on data, around 18 million to 19 million coins are in circulation. The protocol says that the minting of new coins will be stopped when it reaches 21 million. Fixed supply can increase demand. Additionally, when the reserve of BTC reduces, the need for coins will increase. Increased demand can raise the Bitcoin price.
Cryptocurrency Regulation
Regulation discussions are arising from different parts of the world. The crypto industry went through a significant sell-off when EI-Salvador legalized Bitcoin, and the regulation talks and its reflex can create downward price movement in Bitcoin.
Mainstream Adoption of Cryptocurrency
When the mainstream adoption of Bitcoin boosts, the price will also move upward. The increase of institutional investors and standard transaction rates can seriously impact price levels.
Will Gold Beat BTC This Year?
It has been almost 13 years since Bitcoin emerged as a leading asset class. As we know, Bitcoin is not underpinned by any asset value. Besides, BTC price is solely dependent on the demand and supply of the coin in the market. The moment BTC grabbed market attention, people started comparing it with gold. From an investment perspective, Bitcoin captured the market share of gold. Gold security gives an average of 10% to 12% return, whereas Bitcoin performs way better than gold.
The latest report from Goldman Sachs shows that Bitcoin will cross $1,00,000 in the coming year. The same is expected by our Bitcoin forecast also. In the same research report, analysts pointed out that Bitcoin has become a new gold in the market.
Analysts are bullish on Bitcoin and suggest people should invest in the coin. Gold is not expected to beat Bitcoin this year. Moreover, as per the analysts, above its all-time high price, Bitcoin is expected to capture a significant market share of the gold.
Conclusion
Though Bitcoin and other cryptos have delivered significant returns to investors in the past, there is no guarantee to continue the same in the future. Improving scalability can give a good future growth opportunity to BTC since the scalability of Bitcoin remains a significant hindrance to public adoption. It is crucial to keep in mind.
The expanding crypto token network threatens Bitcoin because new tokens emerge to solve Bitcoin’s issues. However, Bitcoin has a strong foundation and community. So, Bitcoin fanatics expect it to bounce back from its current position and tackle the all-time high of 2024.