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

With $95 million in long liquidations, Bitcoin’s price has struggled to rebound from the $60,000 support level. A 5% drop last night resulted in a significant bearish candle that breached this support zone. Consequently, the bullish flag pattern failed to sustain, indicating a potential downside reversal. Increased FUD sentiments further suggest that Bitcoin’s price may decline further.

Technical indicators, including the MACD and RSI, hint at a growing bearish momentum. The MACD is trending negatively, and the daily RSI is approaching the oversold territory, which could signal an impending drop.

Currently, Bitcoin is trading at $57,094, with an intraday drop of 5.93%, indicating a quick rise in the sell-off. The downfall could approach the 200D EMA at $51,952 before taking a bullish reversal to the $68,283.

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

The high spirits around the Bitcoin Spot ETF approvals kick in for the BTC price to spark a bull run. The uptrend continues the streak of 5 monthly bullish candles and is ready to challenge the overhead resistance at $50K. Moreover, the halving year has always been bullish in Bitcoin history, leading to a bull run in the next year. 

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.

• Blockware Solutions Predict Bitcoin Post-Halving Price To Reach $400,000.
• Tommy Lee, Head of Research at Fundstrat, predicts Bitcoin to surge between $250,000 to $500,000.
• Robert Kiyosaki predicts the Bitcoin price to reach $120,000 in 2024.
• Blockstream CEO Adam Back predicts Bitcoin to hit an all-time high of over $100,000 in 2024.

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. Utilizing Arithmetic and Geometric Progression, respectively, ChatGPT calculates the Bitcoin price prediction for 2024 post-halving to be a 290% and 4,160% jump.

Rounding off the current Bitcoin price to $26,000, firstly, the calculations display the post-halving Bitcoin to skyrocket drastically. Specifically, reaching $101,400 by A.P. and $1,107,808 by G.P., Bitcoin is set to create a new high in 2024.

Many influencers and Bitcoin maximalists are predicting the BTC price to reach $1M, but the chances of them using G.P. are less, but not zero. 

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 around the corner marks a crucial turning point. The upcoming years for BTC are marked in green as Bitcoin adoption grows like wildfire in a fiat world.

Over the past 24 hours, BTC witnessed a 0.69% change, hitting a peak of $30,630 and a low of $30,259. 

At the time of publishing, the price of 1 BTC was $30,604.

Bitcoin halving ensures that the amount of bitcoin we can mine decreases with each block, making bitcoin more scarce and ultimately more valuable.

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.

In 2025, the projected high for Bitcoin is $110,449, with a low of $61,357 and an average price of $85,903.

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 191%. In short, your investment would be worth $219.

The current circulating supply of BTC is approximately 19,428,268 BTC, with a market cap of $595,390,159,392. Bitcoin will have a maximum supply of 21,000,000 (21 Million) tokens.

Bitcoin maximalists like Michael Saylor expect Bitcoin to hit the $1,000,000 mark by 2030. Investors can expect the Bitcoin price to surpass the $300,000 mark.