Latest Bitcoin Price Prediction

Latest Bitcoin Price Prediction

Bitcoin Price Prediction: The current momentum is bearish and the trade recommendation is a Hold.

Bitcoin Price Prediction 2023 is $35,738.

Bitcoin Price Prediction 2025 is $68,143.

Bitcoin Price Prediction 2030 is $315,278.

Bitcoin price prediction this week is between $15,953 and $17,312.


Bitcoin Price [1 Bitcoin in USD]

Bitcoin Performance (2022)

  • 1M: -18.6%
  • 3M:11.3%
  • YTD:41.6%

Read about Is Bitcoin a Good Investment in 2023?

Will Bitcoin recover? Read here

Bitcoin Technical Analysis

Relative Strength Index and Fear And Greed

image 178

RSI: Bitcoin experienced a steep rise in price and the reversal happened in the last 24 hours. However, the RSI saw a reversal and it started to decline as more sellers entered the market.

On the RSI chart, the 14-day RSI is now following a downward pattern. However, the RSI could enter the oversold territory and there there is not much room for price retreat, we may see a reversal soon and BTC is set to rise after a marginal fall.

RSI indicates bearish momentum.

Fear and Greed: On the F&G chart, BTC entered the Extreme Greed level and there was a very high chance of short-term traders to short. Now as the bears are taking control, the price of Bitcoin is falling.

Moving average and Support and Resistance

image 148

The Bitcoin chart above is not an encouraging one and traders will have to be cautious before making an investment. The 50-day MA (black) is moving in an upward direction and it may cross the price line from below. In such a scenario, the BTC price may fall further.

Bitcoin has support at $16,880, falling below this will push the price of Bitcoin closer to or below $16,000. The firs level of resistance for Bitcoin is at the price level of $17,309. If this resistance is breached we may see BTC price at over $18,000.

The current momentum is Bearish and the recommendation is HOLD.

Video Analysis

YouTube video

Bitcoin Price Prediction 2023, 2025-2030

There is a high degree of uncertainty about the Bitcoin price. The Ukraine crisis and the unraveling of Global liquidity have hurt Bitcoin over the last 12 months. Additionally, a series of scandals this year beginning from Luna and continuing with FTX has further hurt the overall crypto market. In this context, accurate forecasts are quite important to take the right decisions.

Still, here is a broad outline of how things playout

  • 2023-2024: BTC Bottom plus some recovery
  • 2025-2027: Full BTC recovery plus some gains on the back of wider usage of Blockchains
  • 2028-2031: Cyclical slowdown plus, Widespread blockchain usage, a further rise in Bitcoin price

This does not take into account wars or company-specific crises which are likely to occur but the timing of which is difficult to predict.

So here are the forecasts.

Bitcoin Price Prediction 2023 is $35,738. This is 2.2 times the current price

Bitcoin Price Prediction 2025

The supply of Bitcoins being mined will fall by half in 2025, just 2 and half years from now. With reduced supply, the volatility is likely to diminish. Bitcoin momentum is likely to sustain in 2025 as economies recover. However, regulations are likely to increase as well. The Bitcoin Price Prediction 2025 is $68,143. This is 4.1 times higher than Bitcoin’s price today.

Bitcoin Price Prediction 2030

However, we expect a substantial bump between 2025 and 2030 when many middle-income countries are likely to invest substantial pools in the Bitcoin economy. The Bitcoin Prediction in 2030 is $315,278. This is 19.2 times higher than today.

Bitcoin Price Prediction 2040 using 15% and 25% ROI Method

  • If the BTC price increases by 15% per annum – $237,138
  • If BTC price increases by 25% per annum – $1,063,705

Bitcoin Years of Profit and Loss

  • Gain Years: 2011, 2012, 2013, 2015, 2016, 2017, 2019, 2020, 2021
  • Loss Years: 2014, 2018, 2022

Bitcoin Price Prediction

Overall OutlookPartially Positive
1. Market's WisdomPositive
1a. Market DataPartially Positive
1b. Technical RecommendationBuy
2. Crowd's WisdomNeutral
2a. Social Media BuzzNeutral
2b. Social Media SentimentNeutral

Bitcoin Forecast: How many BTC Holders are in Profit?

Holders in Profit: 55% (+8%)
Holders in Loss: 44%

Use Cases of Bitcoin

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.

BTC Price Prediction: Frequently Asked Questions

What will Bitcoin be worth in 2023?

The aggregated forecasts predict that the Bitcoin price will rise to $35,835 in 2023. This is highly probable as a shallow recession is currently being forecast and with Bitcoin forming a very small proportion of consumer wealth, allocations will rise next year

Will Bitcoin crash again?

Past data analysis suggests that Bitcoin could crash again this year or next year 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)

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 reach $1 Million?

Many experts argue that Bitcoin will reach $1 Million in the next few years. The fact is Bitcoin price has increased from $1500 to $30,000 in less than 5 years leading to the hope that Bitcoin will rise to a Million dollars over the next 7-8 years at least. However, without ruling out the possibility of $1 million, we believe it is too early to make such a forecast.

Bitcoin is likely to reach $1 million if some fundamental aspects are in place – Largescale adoption of Blockchain, Bitcoin maintaining its lead over nimble competitors like Ethereum, and continued growth in the Global economy for people to invest in Bitcoin. At the moment, we don’t have full clarity on the direction of these factors over the next 8 years.

Bitcoin Prediction: What factors influence Bitcoin Price Positively?
  • Liquidity
  • Bitcoin Adoption
  • Inclusion in mainstream ETFs
  • Supply of BTC from Miners (Lower)
  • Cost of producing a Bitcoin
  • BTC Domination (Higher)
  • Cryptocurrency related news

Crypto news from around the world has affected the price of Bitcoin widely. Any good news about cryptos like their adoption, or increased interest of the investors has led to a surge in the price of Bitcoin. At the same time any news regarding the ban of crypto in any country, and regulation against cryptocurrencies have led to a Bitcoin price crash.

  • Geopolitical events

Non-crypto news has also played a very important role in the price movement of Bitcoin. In early this year, Russia attacked Ukraine, this event turned out to be a Waterloo for Cryptocurrencies. Along with it recently US Fed hiked the interest rate, and this hike in interest rate led to the crash of the crypto market. Bitcoin price tumbled after the rate hike.

Bitcoin Prediction: What factors influence Bitcoin Price Negatively?
  • Inflation and higher interest rates
  • In-market issues like LUNA etc
  • Supply of BTC from Miners (Higher)
  • BTC Domination (Lower)

How to Invest in Bitcoins?

Getting Bitcoins has been made easier by the day. There are multiple exchanges offering Bitcoin and other cryptocurrencies.

The very first step to investing in Bitcoin is to choose an Exchange. There are multiple exchanges in the market. The most popular ones are:

  1. Coinbase
  2. Binance
  3. Gemini
  4. Robinhood
  5. Venmo

Note: Crowdwisdom360 collates Predictions and data from all over the net and has no in-house view on the likely trends in the Index or Individual Stocks. Please consult a registered investment advisor to guide you on your financial decisions. 

Bitcoin Price Prediction
Subhash

Subhash

Subhash, Founder of Crowdwisdom360 is an MBA and a Trained Financial Advisor with an extensive background in Forecasting in Financial Services and Politics. He has appeared many times on National TV and has written for a variety of magazines on Wealth Management and Election Strategy.

This site uses Akismet to reduce spam. Learn how your comment data is processed.