Bitcoin Next 24 Hours Prediction and 2024-2030 Forecasts

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	-9.5%
Last 1 Month	+2.4%
Last 12 Months	+120.3%

We have a question for you today.

Bitcoin Next 24 Hours Price Analysis

Bitcoin for the first time since March 5th fell below $60,000 but quickly bounced back above $60K. The market sentiment for Bitcoin is once again improving.

In the meantime, Bitcoin halving is just 1 day away. What are the Signals and Predictions?

• NFT Sales are Rising
• Trader Sentiment is Steady

• Macro factors are Negative for Bitcoin

Bitcoin retreated following the news of Israel’s retaliation against Iran but the pullback was limited and the Bitcoin price remained above $60,000. However, the Bitcoin price is set to undergo a higher level of volatility as the halving event, which slashes miners’ rewards in half every four years, approaches on April 20. JP Morgan analysts predict that Bitcoin will drop following the halving. They believe the Bitcoin market is currently overbought. Despite Bitcoin’s price hovering around $61,200, which is higher than JP Morgan’s comparison with gold at $45,000 and the projected production cost of $42,000 post-halving, they expect a decline.

Technically, the majority of the technical indicators have once again bounced back and are flasing a positive signal for Bitcoin. For Bitcoin, $60,000 is now a major support area while $64,000 is the first level of resistance. Overall as of writing, the outlook surrounding Bitcoin has improved and the trade recommendation for Bitcoin is to hold.

Latest BTC Targets by Twitter Influencers:

• 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

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

• Bitcoin Price Prediction in the next 24 hours is between $62753 and $63311
• Bitcoin Price Prediction this week is between $58643 and $65832

Bitcoin Long-Term Aggregated Price Predictions [2024-2025-2030]

• Bitcoin Price Prediction 2024 is $80128
• Bitcoin Price Prediction 2025 is $109983
• Bitcoin Price Prediction 2026 is $144008
• Bitcoin Price Prediction 2027 is $175566
• Bitcoin Price Prediction 2028 is $231303
• Bitcoin Price Prediction 2029 is $319001
• Bitcoin Price Prediction 2030 is $442202

Bitcoin Price Prediction 2040 using 25% ROI Method

• 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

Read Influencer Crypto Recommendation Report 2024 for Free

Latest Macros

• Dollar Index DXY Trend – DXY has surged above 106. [Negative for BTC]
• Crude Oil Price – Crude Oil Price is surging. [Negative for BTC]

Macro Summary: Negative for BTC in the short-term

Latest Bitcoin NFT and DeFi Statistics

NFT, Sales (30 days): $461.2M (Rank 1st)

• Last 7 Days: +1.5%
• Last 30 Days: -21.3%

Litecoin Price Prediction $1000, $500

DeFi, TVL: $1.17 B (Rank 8th)

• Last 7 Days: -13.8%
• Last 30 Days: +68.1%

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

---

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.