It is rather ironic that FTX occurred at exactly the same time that macroeconomics was improving.
- US inflation is below 8%
- Crude oil prices remained below $100
- Russia faced another setback in Ukraine and it is likely that all participants will use the winter to find a compromise.
However, FTX is not yet fully done and it is very advisable to be extremely cautious at the moment.
Before we get into Bitcoin price forecasts in more detail, let’s evaluate Bitcoin as an investment opportunity.
Bitcoin hit its low of the year on June 18, then rose on the back of improving economic fundamentals to nearly $25k before more negative economic news brought BTC below $20k.
The 2022 BTC price prediction is $24,094.
There is a higher degree of uncertainty about the price of Bitcoin. The global economic situation has worsened and is unlikely to improve until the end of the Russia-Ukraine conflict. There is no evidence that the conflict will end anytime soon.
Bitcoin Price Prediction 2023 is $37,216. This is 1.8 times the current price
The 2024 BTC price prediction is $51,256. This is 2.6 times the current price.
Bitcoin Price Prediction 2025
The supply of mined Bitcoins will decrease by half in 2025, in just 2 and a half years. With reduced supply, volatility is likely to decrease. Bitcoin’s momentum is likely to be maintained in 2025 as economies recover. However, regulations are also likely to increase. The Bitcoin price prediction for 2025 is $68,994. This is 3.5 times higher than the price of Bitcoin today.
The 2026 BTC price prediction is $85,698. This is 4.5 times the current price
The Bitcoin Price 2027 prediction is $116,885. This is 5.8 times the current price
The 2028 BTC price prediction is $155,843. This is 7.9 times the current price
Bitcoin Price Prediction 2029 is $212,898. This is 10.5 times the current price
Bitcoin Price Prediction 2030
However, we expect a substantial increase between 2025 and 2030, when many middle-income countries are likely to invest substantial pools in the Bitcoin economy. The Bitcoin forecast in 2030 is $312,641. This is 14.3 times higher than today.
Bitcoin Price Prediction 2040 using the method of 15% and 25% ROI
- If the price of BTC increases by 15% per year – $ 237,138
- If the price of BTC increases by 25% per year – $1,063,705
Bitcoin Price Prediction: Technical Analysis
Looking at the daily
charts of BTC, we can see that right now due to some recent news influences, it started to enter a head and shoulders pattern on a daily basis with the neckline at $18450. Any candle closed below it could give rise to another drop in BTC in the coming days, which makes that demand zone important. It has a good bid zone around $22,000, which means that any rise above that level and breakout across the downtrend line can only trigger any kind of upside in the coin. Other than that, sellers can always get interested after breaking the $18450 levels and track it down to $16,000. Below this, the only existing demand zone is $12,000 to $14,000. Any candlestick closed on a daily basis can trigger a very sharp drop in the cryptocurrency bringing it close to the October 2020 lows.
The release of inflation data and the sharp drop in DXY gave BTC investors some relief as they feared it would fall below $16,000. Analysis below the level was provided above. Other than that, it will take much more than good news for BTC to go in the bullish direction for the next few days.
Bitcoin Prediction Today: How Many BTC Holders Are in Profit?
Holders in profit: 55% (+8%)
Loss-making holders: 44%
How to invest in Bitcoin?
Getting Bitcoin has been made easier by the day. There are multiple exchanges that offer Bitcoin and other cryptocurrencies.
