Bitcoin Price Prediction 2024-2030: Will BTC Price Cross The $100K Milestone Post-Halving?

With a bullish engulfing candle standing at the $60,000 support zone, the BTC price reclaims the crucial $65,000 level. The overnight jump of almost 8% reflects a massive jump in the biggest crypto as it hits the market cap of $1.30 Trillion.

Technical indicators, including the DMI and RSI, hint at a growth in the underlying demand. The VI lines give a bullish crossover, and the daily RSI surpasses the halfway line, bolstering the bullish reversal. Further, the uptick in the ADX line shows an increment in the trend momentum.

Currently, Bitcoin is trading at $66,179 after the massive increase in demand. A surge in momentum could lead the bullish reversal to the $70,000. On the flip side, the crypto could drop to $58,451.

Also Read: What is Bitcoin? An In-Depth Guide To The King Of Digital Currencies

Following yesterday’s $45.79M short liquidation, the bulls are tightening their grip over the Bitcoin price trend, per Coinglass. Further, the Exchange Reserve of BTC dropped from $1.946 Million to $1.924 Million during the price jump last night. As the exchange reserve falls dramatically, the declining selling pressure is crystal clear.

Bitcoin surged nearly 8% last night, crossing the $66,000 mark. The current funding rate of 0.00869196 shows long traders’ dominance, indicating strong bullish sentiment. The buy-to-sell ratio of 0.525 to 0.475 reflects prevalent buying interest in the derivatives market.

Open interest has hit $16.1 billion, with a 24-hour increase of +10.84% and a 7-day increase of +11.55%, signaling more liquidity and volatility. In the past 24 hours, $50.7 million in short positions were liquidated compared to $8.8 million in long positions, reinforcing the bullish trend.

With a bull run for the most part of Q1 and Q2 of 2024, the buyers are confidently taking bullish positions in Bitcoin. As the uptrend makes a peak at $72,000 and sustains dominance above $60,000, the bull run could gain momenutm.

With the rising hopes for interest rate cuts in the US market will bolster BTC’s price uptrend. Therefore, 2024 is highly anticipated to be a bullish year for Bitcoin, with a potential high of around $120,000 and a potential low of $35,000.

With the launch of potentially more Bitcoin-related financial services and the global adoption spark of Bitcoin, BTC prices will maintain a bullish trend in 2025. The cryptocurrency is expected to create a high of $140,449 with a low of $61,357. Therefore, the average Bitcoin price prediction for 2025 will potentially be $95,903. 

Firstly, according to Bitcoin Price Prediction 2026, the BTC price range in 2026 is expected to be between $82,522 and $155,284. Moreover, the average price is projected to be $115,569.

Subsequently, as per BTC Price Prediction for 2027, the Bitcoin price range can be between $152,837 to $169,047. Furthermore, the average price is expected to be $160,942, indicating a relatively stable bullish period for Bitcoin.

With the 5th Halving, the Bitcoin price will see another bullish spark in 2028. Specifically, as per Bitcoin Price Prediction 2028, the potential BTC price range in 2028 is $174,063 to $192,908. The average price is also expected to be $183,485, demonstrating continued positive momentum.

Thereafter, as per BTC Price Prediction 2029, the BTC price will range between $204,634 and $239,559. The average price is projected to be $222,096, indicating a significant rise in Bitcoin’s value.

Finally, in 2030, Bitcoin prices are predicted to maintain a positive trend. Indeed, the BTC price is expected to reach a new all-time high, ranging between $277,751 and $347,783. In conclusion, the average cost is expected to be $312,767.

• As per the speculations of Blockware Solutions, the price of 1 BTC could hit $400,000.
• The author of Rich Dad, Poor Dad, Robert Kiyosaki, speculates the Bitcoin price will cross $100,000 this year.
• Adam Back supports the bullish prediction of Bitcoin and expects an all-time high above $100,000.

Also Check Out : Bitcoin ETF Approved: Exploring the Next Big Catalyst For Crypto Bull Run 2024

Firstly, at CoinPedia, we feel optimistic about Bitcoin’s price increase.

Hence, We expect the BTC price to create a 2024 high of $120,000.  

Furthermore, using the above Bitcoin Halving table, we asked ChatGPT to calculate the potential jump in Bitcoin after the 2024 halving. Using AP and GP, the AI estimates the Bitcoin price post-halving to jump 290% or 4,160% this year.

Rounding off the current Bitcoin price to $65,500, AI predicts Bitcoin will boom in 2024 after the fourth Bitcoin Halving. As per the arithmetic progression viewpoint, the price of BTC could hit $255,450. Optimistically, the Bitcoin price could scale to $2,790,464 per G.P.

Analyzing the historic price sentiment of BTC is suitable for rightly interpreting the indications we come across while analyzing its future price sentiment.  

In a nutshell, the optimism and hope around Bitcoin have continued to grow ever since its launch. And now, with the institutions coming together with the 4th Bitcoin halving as a crucial turning point.

At the time of publishing, the price of 1 BTC was $65,509.

Bitcoin halving ensures that the amount of mineable Bitcoin reduces over time, making BTC more scarce and increasing its worth.

Bitcoin price will surge with the Bitcoin halving coming closer.

The projected price of Bitcoin in 2024 will range between $35,000 and $120,000, with an average of $77,500.

For 2024, the BTC price will have a projected high of $120,000 and a potential low of $35,000.

As per Coinpedia’s Bitcoin price prediction, the price of 1 BTC could peak at $140,449.

In 2030, the price of 1 Bitcoin could reach a height of $347,783.

After the fourth Bitcoin Halving, the BTC price trend has slowly gained bullish momentum. As per the historical records, the BTC price is expected to rise again and hit the $100K mark.

Projecting a 10-year growth in a volatile asset like Bitcoin seems a far-stretched notion. However, the BTC price is expected to cross $300,000 by 2030. With global adoption, a single Bitcoin could be worth a million dollars.

The 2020 fall in Bitcoin found support at $3850 and started at $10,501. Considering you bought at the peak, your $100 investment would have increased by 1607%. In short, your investment would be worth $1,701.