Bitcoin Prediction (Price Forcast)
A single Bitcoin or BTC currency currently costs $63,820. In the past 24 hours, it has decreased by -5%. The price of Bitcoin closed higher than opening on 52.96% of days. The highest price of one Bitcoin ever recorded in our base was $72,689, which was reached a month ago. As of right now, the price has dropped by -12.20% from that peak.
Based on technical price research, the short-term prediction attitude is bearish out of a total of 17 technical indicators, with 5 calls for buying and 8 calls for selling. The $65,026 mark represents the first significant uptrend resistance for BTC; in order to move higher, it must close above it. The $62,441 level represents bottom support. Thus, the price may drop even further if it drops below $62,441. However, it can go up to the next resistance level at $66,798 if it can close above the $65,026 mark.
With the 14-day relative strength index (RSI) at 35.67, the market is not overbought or oversold, reflecting natural conditions. Similarly, the relative strength index (RSI) on the weekly chart, which is at 63.48, also points to normal market conditions.
Based on technical price research, the short-term prediction attitude is bearish out of a total of 17 technical indicators, with 5 calls for buying and 8 calls for selling. The $65,026 mark represents the first significant uptrend resistance for BTC; in order to move higher, it must close above it. The $62,441 level represents bottom support. Thus, the price may drop even further if it drops below $62,441. However, it can go up to the next resistance level at $66,798 if it can close above the $65,026 mark.
With the 14-day relative strength index (RSI) at 35.67, the market is not overbought or oversold, reflecting natural conditions. Similarly, the relative strength index (RSI) on the weekly chart, which is at 63.48, also points to normal market conditions.
In the past, the price of Bitcoin on the last day of April has historically been higher than the open price seven times out of twelve, and lower than the price at the beginning of the month five times out of twelve. For the past twelve years, February has been the best month for Bitcoin; nine times, the price of BTC at the conclusion of the month has increased relative to its beginning. September is the worst month; in eight cases out of twelve, the price at the end of September was less than the initial price.
Check monthly performance for more details.
Bitcoin experienced three bull runs. The first peaked in November 2013 at $1,156, and 413 days later, the price fell to $211.73. Before the second bull run, it took the cryptocurrency approximately 4 years to achieve a new all-time high. There have been 887 days since the last bull run, which occurred in November 2021. The last time Bitcoin reached a new all-time high, it took 1405 days.
In the next ten days, the price of Bitcoin might reach $70,517, according to our projection. In the long run, the price is expected to reach $221,485, and $369,701 by 2030. Going even farther, the estimate for 2040 is $1,018,422, taking into account all past highs and shorter time frame projections.
2024 bitcoin prediction: $79,207. We anticipate that BTC will trade between $16,587 and $79,207 by the end of the year, with that being the greatest price we anticipate it will reach.
In the next ten days, the price of Bitcoin might reach $70,517, according to our projection. In the long run, the price is expected to reach $221,485, and $369,701 by 2030. Going even farther, the estimate for 2040 is $1,018,422, taking into account all past highs and shorter time frame projections.
2024 bitcoin prediction: $79,207. We anticipate that BTC will trade between $16,587 and $79,207 by the end of the year, with that being the greatest price we anticipate it will reach.
The projected price of bitcoin in 2025 is $221,485. That's the highest price we think Bitcoin will reach, and the lowest is $180,722.
