Bitcoin Price Predictions Next 24 Hours, 2024-2030

Article Coverage: Macro Summary, Latest Bitcoin News, Bitcoin Next 24 Hours Prediction, Bitcoin Price Prediction Today, Bitcoin Price Prediction 2024-2025-2030, Is Bitcoin a Good Investment, Bitcoin Risks, FAQs

Latest Bitcoin Price

Bitcoin Price Performance So Far

Last 7 Days	+3.0%
Last 1 Month	-10.5%
Last 12 Months	+120.1%

Bitcoin – Buy or Sell Poll

• July 1st: -2.4%
• Oct 1st: +43.0%
• Feb 1st: +9.0%
• Feb 29th: -8.0%
• Mar 3rd: +12%
• April 3rd: +32.0%
• Apr 23rd: +34.0%
• Apr 24th: +29.0%
• Apr 25th: +34.0%

Bitcoin Next 24 Hours Price Analysis

What are the Signals and Predictions?

• NFT Sales are Falling
• Trader Sentiment is Improving

• Macro factors are Partially Bullish for Bitcoin

Bitcoin was once again rejected at $67,000, leading to the price falling below $64,000. No definite reason behind this pullback can be ascertained but recently US President Joe Biden has proposed the highest top capital gains tax in over 100 years in his 2025 budget proposal. Biden’s 2025 Budget proposal seeks to tax capital gains at 45% and eliminate crypto tax loopholes. This proposal might have created a panic in the market. At the time of writing Bitcoin is trading marginally above $64,000 once again.

Over the coming 24 hours, BTC is anticipated to find its first level of support at 62,981.7. Conversely, the resistance is positioned at 64,385.9, suggesting a barrier that BTC must overcome to advance further. Should BTC fail to maintain its position above this level, there's a likelihood of a downward movement, leading to a retest of its lower support level at 61,577.5, potentially indicating a shift towards a bearish sentiment in the short term. Conversely, the next milestone for BTC would be to surmount 65,790.1, thereby establishing a formidable support level above this threshold. Considering the broader context of the technical indicators, the overall sentiment reflects a Neutral inclination for the asset.

Summary: Neutral

Technical Indicators:	Neutral	Buy: (2)	Sell: (3)
Moving Averages:	Strong Sell	Buy: (4)	Sell: (6)

Oscillators

Moving Averages

Pivot Points

Abbreviations

• RSI - Relative Strength Index
• CCI - Commodity Channel Index
• ADI - Average Directional Movement Index
• MACD - Moving Average Convergence Divergence
• SMA - Simple Moving Average
• EMA - Exponential Moving Average
• VWMA - Volume Weighted Moving Average
• HMA - Hull Moving Average

Bitcoin Short-Term Price Predictions [Next 24 hours, Next 7 Days]

• Bitcoin Price Prediction in the next 24 hours is between $63421 and $64826
• Bitcoin Price Prediction this week is between $62738 and $66364

Bitcoin Price Predictions 2024, Aggregated with Accuracy Metric

Bitcoin Price Predictions 2025, Aggregated with Accuracy Metric

Bitcoin Price Predictions 2030

• Bitcoin Price Prediction 2030 is $443961

Bitcoin Price Predictions 2040

• If BTC price increases by 25% per annum – $2,486,899

Check out the latest Bullish or Bearish Signals of leading cryptos here. Check out the Author’s Crowdwisdom360 Portfolio here

Influencer Price Targets

• CryptoAM17: $72k
• CarpeNoctum: $73k-76k
• CredibleCrypto: $74k+
• CastilloTrading: $76k-$80k
• Banana3Stocks: $80k
• AltcoinGem: $81k
• NasiriQudrat: $84k
• ali_charts: $85k
• crypto_birb: $86.5k
• CryptoPatel: $95k
• CryptoFeras: $103k
• Jamyies: $115k
• TATrader_Alan: $130k
• GertvanLagen: $150k
• rovercrc: $170k
• Anthony Scaramucci: $170k
• CryptoFaibik: $170k
• Golden1Team: $170k
• caprioleio: $280k (2025)
• CryptoVikings07: $420k

Read Influencer Crypto Recommendation Report 2024 for Free

Bitcoin Halving

Bitcoin halving is done and now the market awaits the surge that it has been anticipating after the Bitcoin halving. However, the previous halving is evident that the Bitcoin price surged only a year after the halving was completed. During the first halving in November 2012, the Bitcoin price was around $12. A year later, it reached $1,100. The second halving took place in July 2016. Bitcoin was trading near $670. In December 2017, the asset approached the $20,000 mark. After the 3rd halving in May 2026, Bitcoin’s price, hovering around $9500, skyrocketed to reach $69,000 after a year and a half of the halving.

Bitcoin was trading above $60,000 during the latest halving. If the trend remains intact, Bitcoin will likely break above $100,000 a year from now.

Latest Macros

• Dollar Index DXY Trend – DXY is retreated below 106. [Positive for BTC]
• Crude Oil Price – Crude Oil Price is steady. [Neutral for BTC]

Macro Summary: Bullish for BTC in the short-term

Latest Bitcoin NFT and DeFi Statistics

NFT, Sales (30 days): $464.01M (Rank 1st)

• Last 7 Days: -55.4%
• Last 30 Days: -19.9%

DeFi, TVL: $1.14 B (Rank 8th)

• Last 7 Days: -2.4%
• Last 30 Days: +46.03%

Can Bitcoin reach $1 Million?

Bitcoin Price Forecast: Is Bitcoin a Good Investment?

Bitcoin is a blockchain-based cryptocurrency released in 2009 by an anonymous developer known as Satoshi Nakamoto. Initially intended as a peer-to-peer payment method, it operates without a central authority and relies on a proof-of-work mechanism for rewarding its members. Over the years, Bitcoin has distinguished itself by having the longest lifespan among cryptocurrencies.

Transactions in Bitcoin require no third-party approval and are verified by the network itself. Its ledger is public and can be stored by anyone on their computer. While the owners of Bitcoin addresses remain anonymous, all transactions are publicly accessible. Bitcoin has a cap of 21 million coins, with 19.1 million currently in supply. Since its inception, it has consistently led in market capitalization.

Bitcoin Use Cases

There are 2 major use cases for Bitcoin at the moment. This is different from use cases for Blockchain which is much more widespread.

Store of Value: In Layman’s language, Bitcoin is like Gold hidden inside a computer network instead of a mine in Africa. The creator(s) deliberately created a limited number of them and created a whole range of difficult tasks to get them. Just like in real gold mining, Bitcoin mining becomes difficult if more people mine at the same time or as the number of BTCs keeps reducing. That said, It cannot be used as ornaments, one of the big factors that drive Gold value. To solve this problem, the creators designed it in the form of a currency that is authenticated via a blockchain.

Payments: Over the last few years, BTC has increasingly been used as an alternative to the US Dollar or other National Currencies. It is now accepted on payment by many companies around the world. While BTC enjoys the absence of central control and therefore any form of voluntary devaluation, it suffers from more volatility.

How is Bitcoin Ordinals Different From Regular NFTs?

Bitcoin Ordinals are a type of NFT that is created by assigning a unique identifier to each satoshi, the smallest unit of Bitcoin. This identifier can then be used to create an NFT that represents ownership of that specific satoshi. Regular NFTs are the type of digital asset created using blockchain technology like Ethereum which allows the NFTs to be stored securely and verified.

**Bitcoin Ordinals has now registered a sale of over $700 M.

How is Stacks Blockchain Extending Use Cases for Bitcoin?

Stacks uses several novel technologies to unlock the full potential of Bitcoin.

Stacks employs a proof-of-transfer (PoX) consensus mechanism that anchors to the Bitcoin network, allowing nodes to earn rewards in Bitcoin. To enhance transaction throughput, it utilizes a feature called microblocks, which facilitate state transitions between Bitcoin network blocks and reduce transaction processing time. Additionally, Stacks uses the Clarity Programming Language, specifically designed for creating smart contracts on its blockchain.

What are the Latest Payment Statistics?

According to Coingate, 1.294 million payments were processed in 2023, representing a 39% increase over 2022; these figures pertain only to Coingate Merchants. In terms of payment distribution, Bitcoin dominated with 36%, followed by USDT at 25%, LTC at 9.5%, slightly ahead of ETH at 9.3%.

According to Bitpay, In the past six months, 332k payment transactions were completed. 58% of these crypto payments were allocated to internet and computer games, while 19% were used for VPN/ Hosting services. In terms of payment composition, Bitcoin accounted for 24% and LTC for 42%, indicating a significant loss in Bitcoin’s share.

What not to do when Bitcoin is crashing?

Bitcoin Price Performance History

Bitcoin has been extremely volatile since the very beginning, with periods of rapid growth followed by sharp declines. Bitcoin’s historical price trends can be discussed in the following phases:

Early years (2009-2012): For the first couple of years, Bitcoin had little to no monetary value. The first known transaction involving Bitcoin was the purchase of two pizzas for 10,000 BTC in May 2010.

First bubble (2013): Bitcoin experienced its first major price increase in 2013, reaching over $1,000 for the first time. This surge was partly fueled by increased media coverage and growing interest from investors.

Mt. Gox collapse (2014): In early 2014, the largest Bitcoin exchange at the time, Mt. Gox, went offline and filed for bankruptcy, leading to a significant price drop. Approximately 850,000 bitcoins were reportedly lost or stolen, shaking investor confidence in the cryptocurrency.

Bull run and all-time high (2017): Bitcoin’s price surged throughout 2017, peaking at nearly $20,000 in December. This run was driven by factors such as increasing institutional interest, the rise of initial coin offerings (ICOs), and widespread media coverage.

Bear market (2018): Following the 2017 bull run, Bitcoin’s price experienced a prolonged decline, dropping by more than 80% throughout 2018. This bear market was attributed to factors like regulatory crackdowns, ICO scams, and market fatigue.

Recovery and new all-time highs (2020-2021): Bitcoin’s price began to recover in 2020 and reached new all-time highs in 2021, surpassing $60,000. This growth was supported by increased institutional investment, mainstream adoption, and the growing narrative of Bitcoin as a store of value.

The Crash of 2022: The year 2022 was marked by several external factors like the Russia-Ukraine War, economic meltdown around the world, the fall of LUNA, and several more. This led to Bitcoin prices falling below $20,000. The price of Bitcoin was almost on the verge of falling below $10,000.

Will Shiba Inu reach $1?

What factors affect the Future price of Bitcoin?

Bitcoin’s market behavior is impacted by factors like adoption rate, mainstream ETF inclusion, and miner supply. Production cost and market position are also critical. Forecasting challenges arise from numerous variables, making precise predictions tough. The general market direction might be indicated, but the magnitude of change is often underestimated due to unforeseen events.

The outline suggests a BTC market bottom and recovery (2023-2024), full recovery and gains from blockchain usage (2025-2027), and a cyclical slowdown yet price rise with widespread blockchain use (2028-2031), not accounting for unpredictable wars or company crises.

Wall Street Memes (WSM) Coin Price Prediction 2024-2030

Bitcoin’s Return on Investment over the Last 12 Years

Bitcoin has shown remarkable resilience and profitability over the last decade, delivering positive returns in 9 out of 12 years. The cryptocurrency faced its most challenging period in 2018, coinciding with the Federal Reserve’s balance sheet reduction; Bitcoin ended the year 74% lower than the previous year and took three years to recover. Despite the occasional downturn, as seen in 2014, 2018, and 2022, Bitcoin has been a consistent performer unlike many altcoins and even Ethereum, yielding gains in multiple years including 2011 through 2013, 2015 through 2017, and 2019 through 2021, as well as 2023.

While some draw parallels between Bitcoin and historical financial bubbles like the Tulip Mania or the Dot Com Bust, these comparisons may be misleading. Both the Tulip Mania and the Dot Com bubble had relatively short lifespans, lasting around three years each. In contrast, Bitcoin has been in existence for over a decade and has been subject to the rigors of modern financial boom and bust cycles. This long history of generally positive performance challenges the notion that Bitcoin is another financial bubble waiting to burst.

To read more about Bitcoin, read Bitcoin for Beginners

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Read about Bitcoin Halving 2024

BTC Price USD Prediction: Frequently Asked Questions

How high will Bitcoin reach?

At the moment, aggregated forecasts predict Bitcoin will rise above $500k by 2030. Many experts believe Bitcoin could go as high as $1 Million over the next few years. Given the limited number of coins, these forecasts are not improbable. A good indicator of the possibility of a high Bitcoin price is the adoption of Blockchain. Once that becomes mainstream, $1 Million is not an impossibility.

Will Bitcoin crash again?

Past data analysis suggests that Bitcoin could crash again but it is impossible to provide a firm timing at the moment. The reason is that the crashes are related to a sequence of events and we have no data on when those events are likely to occur (for example, a big crash in the European economy, a Sudden surge in Liquidity leading to Bitcoin becoming overpriced)

Is Bitcoin better than Gold?

Bitcoin outperforms gold in terms of durability, safe portability, liquidity, and divisibility. Conversely, gold’s long history of value, extensive real-life applications in jewelry and manufacturing, and its relative resilience to Federal Reserve policies give it advantages over Bitcoin. Each asset’s unique qualities cater to different investor preferences and risk tolerances.

Risks of Investing in Bitcoin

Unlike the prices of stocks which have some form of scientific basis, the underlying value of Bitcoin is still unclear, and therefore the price swings wildly depending on various factors. There are huge risks in investing in Bitcoin and one should be aware of that if one has already invested or is about to invest in Bitcoin or similar cryptocurrencies Stress and Anxiety

The huge volatility due to Bitcoin price causes investors to often make irrational decisions to buy or sell leading to poor returns. Investment advisors often consider your ability to handle this form of volatility along with your financial plans for the next few years before recommending Bitcoin.

Bitcoin threatens the existing Central Banks and as a consequence the Government control of printing and managing currency in the economy. Governments have already responded by either imposing full bans, imposing high taxes, or even launching their tokens in response to the real or imagined threat of Bitcoin.

Note: Please consult a registered investment advisor to guide you on your financial decisions.