Bitcoin's Price Prediction

Being the so-called king of cryptocurrencies comes with its own problems, though, and the market's volatility doesn't make it easy to predict the viability of bitcoins. "Bitcoin" with a capital 'B' refers to the technology or currency as a whole, while "bitcoin(s)" refers to the currency unit, also known as BTC.

In this article, we'll look at the rise of BTC from the very beginning and understand what it is, what influences its price, how it's done in the past, how it's performing now and how it is likely to perform a few years down the line. So, if you're looking to invest in the market and trade Bitcoin, want to know whether it is and will remain profitable or not and are looking to see a Bitcoin price prediction, you're in the right place.

So, without further ado, let's get into it!

What Is Bitcoin (BTC)?

Bitcoin is often called a cryptocurrency, which means it's a kind of digital or virtual currency. So, no, bitcoins aren't actual physical coins. Instead, it's an online version of a coin that people can use to buy and sell things as they usually do.

Each Bitcoin is a file stored on a computer. Whenever there is a transaction, a file changes hands across smartphones or computers. Every transaction is recorded in a list called a blockchain, which is accessible to everyone. This is useful because if anyone attempts to use bitcoins they don't own — every file has a unique identifying code — the coins can be traced back and the transaction undone!

Because it's more of a collaborative process, the Bitcoin economy is completely decentralised. There is no governing body that regulates it, like a bank, and BTC was the first to start this trend. Soon, it was adopted, and other crypto assets like Ethereum and Litecoin were created.

Because this sector is so decentralised, it didn't take long for investors and traders to flock to Bitcoin. The freedom associated with it is immense. However, by virtue of its very nature, many countries don't allow Bitcoin to be traded, and many have even banned it outright.

Below, we'll look at what kind of factors are responsible for determining the price of a single bitcoin.

What Changes Bitcoin's Price 

The value of a single bitcoin is tens of thousands of dollars. That's a huge rise in value for something that initially cost between $0.0008 and $0.08 per coin. However, BTC's value can drop to nothing just as quickly. In fact, the price of the coin slippedaround 49.93% over the course of November 2022.

So, what exactly influences the Bitcoin price prediction? Let's find out.

Supply and Demand

The dual pull of supply and demand has always been responsible for the fluctuation of asset prices historically. The rate at which new bitcoins are produced is controlled via the platform's internal protocol, and if demand for them rises beyond what is available, the price naturally soars.

Furthermore, there is a cap on just how many coins can be in circulation. As of now, that number is 19 375 179 with a maximum of21 million. After that point, mining will no longer generate new coins. Once that cap is reached, there will be no new coins, meaning the price can go up or down, depending on how much demand there is and how the competition handles it.

Competition

Speaking of competition, Bitcoin's market capitalisation has led to many other altcoins coming out. There are hundreds of alternate cryptos, which is a good thing because investors get to pick and spread their investments across many products. The diversity keeps prices from rising monumentally. However, since BTC is still the undisputed leader when it comes to market capitalisation, most revenue goes to it.

Cost of Production

An algorithm generates a new batch of bitcoins every ten minutes or so. Users worldwide compete to solve a complex maths problem to receive a reward for this batch of coins. This process is called mining, and the more people are involved, the harder it gets to win that batch of coins. Since everything is done electronically, costs are incurred, namely, electricity. The cost of electricity for crypto trading and mining is immense.

Availability of Currency Exchanges

Trading is centred around crypto exchanges. This is what gives Bitcoin value; if there was nothing to compare it to, there would be no way to judge its value or even use it for transactions. Several crypto exchange platforms exist, like GDAX and Coinbase, where you can trade BTC for USD or GBP.

Because these exchanges are consistent with their rates, they have a hand in regulating the rate of BTC in correlation to other currencies to keep things fair.

Legal Regulations

Bitcoin's bullish penetration into the global economy has caused countries to take note of it and try to define it. The trouble is that nobody has a classification for it, thus leaving a lot of uncertainty regarding the way it should be categorised and treated.

Due to the legal grey area surrounding cryptocurrencies, this can affect prices in two different ways. Firstly, it gives people who can't afford Bitcoin access to it, increasing demand. Secondly, investors who make predictions about the value going the other way can make bets on its parabolic uptrends and downtrends.

Pitfalls of Self-Governance

Every decision demands community consensus. Meaning that even small issues like software updates can take a long time.

As an example, BTC software can currently handle only about three transactions per second. When demand was low, this wasn't a problem. However, as the number of users increases, disgruntled and frustrated users can rally behind competitive services in protest, driving prices down.

Daily Bitcoin Price Prediction for this and next week

It is impossible to predict the price of any asset with one hundred per cent accuracy - especially when it comes to digital currency, which, by its very nature, is extremely volatile. Nonetheless, cryptocurrency experts do their best to use technical analysis to give a general idea of how a coin might move on the market day by day. 

With this in mind, let us consider the weekly predicted price of Bitcoin for the next fourteen days. As well as predicting the BTC price for next week, we will also take a look at the latest predictions for its performance today and tomorrow. 

Not all analysts share this optimistic view, however. Analysts at AMB Crypto believe that the current bearish market sentiment could affect the price of crypto negatively in the short term. If this proves true, we could see the value of Bitcoin drop as low as $26 147.03 by 30 May, with a change rate of roughly 3.1%.

BTC Price for Today

The latest information from Inside Bitcoin indicates that we shouldn't be surprised if BTC doesn't see much market movement today, on 17 May 2023. Its value has been in flux for the past five days, caught between the influence of bearish and bullish investors. As such, when thinking about what will happen to Bitcoin today, we can possibly expect it to remain between a low of $27 000 and a high of $27 300.

At the time of writing, BTC is priced at $26 986.1 in real-time. This means that, currently, the coin has a change rate of 0.6%.

Bitcoin Price for Tomorrow 

Some Bitcoin experts do not expect to see much movement in the price of Bitcoin tomorrow, on 18 May 2023. Experts at 30 Rates forecast that Bitcoin will see a minimum price of $26 276.67 and a maximum price of $28 288.95. With these figures, we will see a change rate of 1.15%.

Below, you can find a table forecasting the value of Bitcoin over the next two weeks.

Source: Wallet Investor

Bitcoin Monthly Price Prediction

Despite BTC's recent bearish trend, some remain optimistic about the future of the coin in 2024. The experts at Gov Capital are among those who believe we can expect to see the value of Bitcoin rise. They estimate that we will see a change rate of 116.77% over the next few months, with the token reaching a price of $58 520.39 by the end of May 2024.

Now that we've taken a look at Bitcoin's expected performance in twelve months' time, we'll now provide you with a monthly breakdown of its performance over the next year.

Bitcoin Price Prediction for June 2023

Not everyone has an optimistic view of Bitcoin's value in June. The Economy Forecast Agency believes we'll see prices fluctuate between a minimum and maximum price range of $21 941 and $28 423 during the month, representing a change rate of -19.3%.

BTC Price Forecast for July 2023

Some experts believe we will continue to see a bearish trend in Bitcoin's value into July. Experts at The Economy Forecast Agency believe July will see a slight upwards trend in price compared to June, but predicted prices are still lower than the value today. It is thought that the BTC value will vary between a minimum value of $22 526 and a maximum value of $25 918, establishing a change rate of -17.2%.

Bitcoin Price Forecast for August 2023

The experts at The Economy Forecast Agency remain wary in their price estimates going into August 2023, expecting a drop from the previous month. According to their predictions, we might see BTC dip as low as $24 222 or as high as $30 065, with a change rate of -3.9%.

BTC Price Prediction for September 2023

Other analysts anticipate that the price of the coin will continue to plummet throughout the month. At The Economy Forecast Agency, forecasts predict a price range of $26 152-$30 088 and a low change rate of -3.8%.

Bitcoin Crypto Price Prediction for October 2023

The analysts at Wallet Investor predict that prices will pick up in 2023, reaching a maximum price of $34 902 and a minimum price of $28 120 during the course of the month. With these numbers, investors can expect a change rate of around 11.6%.

BTC Coin Price Forecast for November 2023

With a minimum price of $29 209 and a maximum of $33 607, Bitcoin will continue to flourish in November 2023, according to Wallet Investor. Investors can expect a 7.4% change rate from today's prices.

Bitcoin Currency Price Forecast for December 2023

Analysts at Trading Beasts believe that Bitcoin's value will hold steady as we come to the end of 2023 Q4. They predict that BTC will have a change rate of -1.2%, with a minimum value of 26 872 and a maximum value of 31 408.

BTC to USD Price Prediction for January 2024

In January 2023, BTC prices will climb higher, according to Wallet Investor. Their latest predictions reveal that investors can expect a minimum value of $28 348 and a maximum value of $32 616 during this month. If this holds true, then the coin's change rate throughout January will be 4.3%.

Bitcoin Price Prediction for February 2024

Experts at Trading Beasts predict that the coin's value will only change by about one hundred dollars when compared to the previous month. Their estimates indicate that Bitcoin may drop to a minimum price of $27 465 during the month, but that it may also see a maximum value of $31 599. According to these numbers, BTC's change rate at this time will be 1.0%.

BTC Price Forecast for March 2024

The Economy Forecast Agency predicts yet another price drop in March, with the value of BTC fluctuating between $25 544-$29 532. These estimates indicate that we can expect a change rate of -6.1% for Bitcoin at this time.

Bitcoin Price Forecast for April 2024

As we enter 2024 Q2, investors at Gov Capital say to expect a maximum BTC price of $34 092 and a minimum of $27 467 as the coin's value continues to increase. If this is the case, then crypto enthusiasts can expect to notice a change rate of about 9.0%.

BTC Price Prediction for May 2024

Trading Beasts' analysts believe that prices will continue to stagnate as we enter into May 2024. They predict that investors can expect Bitcoin to go as low as $27 261 and as high as $31 862, with a change rate of 0.3%.

Bitcoin Price History (2011-2023)

Bitcoin is pretty big now, but that wasn't always the case. Its history has been torrid and complicated, to say the least. That's why we'll use this section to take a detailed look at the road Bitcoin took to get here, as well as all of its trends, forecasts and bull runs. So strap in! It's going to be quite the ride.

The first time Bitcoin had a considerable price hike was in 2011. In April of that year, the price per coin was $1. By June, its value had jumped to $32, a huge leap that was soon followed by a recession in crypto markets. This led to the coin's price dropping to $2 apiece by November. This streak of bad luck continued into the next year, with the price staying around $4.80 in May and rising to $13.20 in August.

Things got exciting in 2013. Beginning the year at $13.40, the price rose sharply to $220 by the beginning of April. As was anticipated, the prices proceeded to fall off a cliff and were down to around $70 by the middle of the month. However, optimism was rewarded as another bubble formed, taking the price from $123.20 in October to $1,156.10 in December. Then again, it fell to $760 three days later.

This climb was followed by a depression that lasted a good few years, with the price hitting a low of $315 at the beginning of 2015. Things picked back up again in 2017. BTC spent the first two months in decline, but then, in an upswing that no specialist could have anticipated in any forecast, the price hiked from $975.70 in March to $20,089 in December.

This is the trend that put the mainstream spotlight on Bitcoin and led to scores of analysts starting speculative predictions about wild price hikes. It also bred the creation and dissemination of alternate cryptocurrencies. The boom had begun.

Or had it? Despite the hopes for another bubble, BTC instead stuck to the indicators and moved laterally for the next couple of years. Of course, this didn't mean that there was no activity. In June 2019, the price again surpassed $10,000, but it fell back to $7,112.73 by December of the same year.

By then, COVID-19 had started to spread from one corner of the world to another, becoming a pandemic. Countries went into lockdown one by one, and many financial and economic markets started experiencing a downfall. However, it was also the time that Bitcoin came alive. Though it started the year at $7,200, by late November, its price had surpassed $19,000.

Whether it's because of government policies that struck fear into the hearts of investors across the globe or the stimulus checks of $1,200 that breathed new life into stock markets and others, it's no secret that the asset had a good 2020. Not only did it come out of a low, but it beat its previous all-time high to set a new record.

Because of the fears of inflation and a reduction in the US dollar's value, many institutions also decided to buy into Bitcoin, propelling it to never-before-seen heights. In fact, in December 2020, Bitcoin's value was just under $24,000. From the beginning of the year, that meant it increased in value by 224%.

How Was Bitcoin Doing in 2021?

The story of ups and downs remained much the same in 2021.Bitcoin has shown itself to be an extremely turbulent investment. In January, the currency was worth slightly over $30,000-$31,000, while a month later, its value topped $50,000 and even came close to $60,000.

By April, it passed $60,000 and reached its all-time high price of $64,863.10 on 14 April 2021. Unfortunately, before May, Bitcoin saw its value almost halved to $35,000. June saw BTC remain between $35,000 and $40,000, which was similar to its performance later in July. By the end of July, the price topped the $40,000 mark.

In October, Bitcoin made another big upswing to $65,992. After a small setback, the movement continued in November, which is when BTC reached its 52-week high of $67,566.

Before 2021, the Bitcoin price had been rising at an accelerating pace for three years. Last year showed that the market needed to rest for a bit. 

How Has Bitcoin Been Doing in 2022?

2022 has been a tumultuous year for cryptocurrency in general, and Bitcoin has not escaped this fate.

BTC started the year off strong. In January 2022, it achieved prices almost twice as high as the same time the previous year. But before the month was out, Bitcoin dropped dramatically in price, valued somewhere around $33,000.

Between January and May, the coin’s value continued to steadily decline, until on 13 June 2022 its price plummeted. For the first time since December 2020, when markets were thrown into turmoil by the lingering effects of the COVID-19 pandemic, its price fell to under $23,000.

Short-Term Bitcoin Price Prediction Chart for 2023

Given just how difficult it is to formulate the myriad rises and pullbacks that run rampant in the world of crypto, it demands expert analysts to do the groundwork and set the template for laymen to understand the trends that Bitcoin is liable to make in the coming years. Only when you have an idea of what's likely to happen can you make a strategy about how to navigate the waters.

However, allow us to reiterate: this is just a prediction and an attempt to understand what Bitcoin will be worth in2023. The market's volatility can't be taken lightly. Accept this Bitcoin price prediction chart with a grain of salt.

Source: https://longforecast.com/

Bitcoin Price Prediction 2025

As far as we know, Bitcoin's fourth halving is set to take place in 2024, meaning that there's a high possibility of prices spiking in 2025.There is a chance for it to reach$84 863,22and then fall to around $79 337,73. The average price by the end of the year might be around$83 044,53. This back-and-forth may last the entire year.

Source: https://digitalcoinprice.com/

Experts have used Fibonacci extensions, the Mayer Multiple approach, as well as the NVT, to come to this conclusion. Of course, there's always space for inaccuracies when it comes to the BTC price prediction for 2025, so always keep that in mind. 

Source: https://priceprediction.net/

Bitcoin Price Prediction 2030

By 2030, most of the available BTC will have been mined. This rules out the possibility of supply and demand affecting the price. However, what will affect the price of the coin is whether or not it's accepted and regulated by various bodies.

Furthermore, by then, millennials and Gen Zers will be doing most of the trading. Having grown up in a digital world, they may prefer digital assets over land and commodities, meaning that Bitcoin will be even more widely adopted than it is now. Looking at these factors, we can guess what Bitcoin will be worth in 2030. 

Source: https://coinpriceforecast.com/

All the projections and graphs show a very positive trend for Bitcoin in the coming decade. That means that more people are likely to adopt it. If this happens, the Bitcoin price prediction for 2030 could speculate on the price of a single coin, possibly reaching $900,000 and even $1,000,000.

Source: https://priceprediction.net/

This chart shows the average price forecast from now up until 2030.

Here we need to add a chart with values of our average forecast:

Long-Term Bitcoin Price Prediction 2040-2050

Nobody really knows what will happen when making long-term predictions that far into the future. There are far too many potential factors at play to provide any sort of definitive answers. The world could collapse, the market could tumble or Bitcoin could disappear. But who knows?

Still, let's take a closer look at what experts predict to happen with Bitcoin in 2040 and 2050.

Bitcoin Price Prediction 2040

The price of Bitcoin might rise to $895,000 by 2040, more than a +3,600% increase from its present price of about $24,000, if we estimate the average rate of return for the past five years, which is roughly 22%, on future price movement. 

Although the aforementioned method is relatively simple and doesn't take into consideration complex factors, it can be a good place to start. In the end, the state of the global economy and geopolitical conditions will determine how much Bitcoin will cost and if it will be a wise investment. 

Try using our Bitcoin profit calculator if you wish to adjust the investment amount or rate of return to meet your unique circumstances.

Bitcoin Price Prediction 2050

We've utilised Bitcoin's 5-year average return of roughly 22%, similar to the projection for 2040, to determine what the price of Bitcoin would be in 2050 based on these factors. 

The calculation predicts that Bitcoin's price will rise to $6,680,000 by 2050 and will increase by more than +27,700% over the ensuing 27 years. 

A 22% annual return over the course of nearly 30 years may be readily argued to be unfeasible. Because of this, we attempted to forecast the price of Bitcoin using the historical annualised average ROI of the prominent S&P 500 stock index, which has returned around 11.88% since its creation in 1957 until the end of 2021.

If Bitcoin's price matches the S&P 500's multi-decade rate of return using those criteria, its price might reach $556,000.

How To: Technical Analysis for Bitcoin

When confronted with the pains of Bitcoin price prediction, using technical analysis must seem like an impossible task. Our job here is to tell you that this isn't the case. In fact, we'll explain to you what it takes to involve technical analysis in your effort to make sense of the market. Let's get started!

The Dow Theory

For the most part, technical analysis hinges on the properties of something called the Dow Theory. Let's see what that is.

1. When you see the price of something in the market, you can safely assume that anything affecting the rise and fall of it has already been factored into that price. Everyone is similarly informed about the levels of supply and demand, legal regulation, etc. The factors that affect price rise, so the price is almost always an accurate representation.
2. Not everything is random all the time. In most cases, if there is a trend towards a certain direction, the chances are good that it will keep going the same way. The momentum stops random changes from occurring.
3. You need to focus on the 'whats' over the 'whys'. It matters less why a certain price changed. What matters more is whether the symptoms remain the same.
4. Trends never learn from history, and they're bound to repeat. At the end of the day, humans shape the world, and human psychology doesn't change overnight. Therefore, if two events are similar, it's possible that the outcome will likely be the same.

That wasn't so hard, was it? Now that you have a handle on the Dow Theory, let's dig a little deeper into the kinds of things you want to be on the lookout for when it comes to technical analysis.

There are four pieces of information you need to know. They are:

• Ride the trend. Yes, the market is volatile and ever-shifting, but there are trends and directions of movement you can pick up on. You need to be able to identify uptrends and downtrends and identify what they mean in the short, medium, and long terms. Once you have a handle on that, you can predict where the buck will stop and make more profit.
• Use a method called moving averages to decide what kind of trend is expected over a certain period of time. You take all the fluctuations you predicted and find the overall average. Whether positive or negative, that shows you the trend that is likely to happen. There are two kinds of ways to do this: simple and exponential moving averages.
• Using support and resistance. Support is a situation where traders feel like it's OK to buy Bitcoin because they can sell it for higher. This creates a demand for that price and stops sharp falls from happening. On the other hand, there's resistance, where traders who feel that something is overvalued start selling it, meaning prices can't rise beyond that point. Prices bouncing between support and resistance levels make for a break from volatility, but when they do break, it means the formation of a new downtrend or a price rise.
• Volume represents the number of traders making trades. High volume means that more traders are making the same decision, while low volume means the exact opposite. The safe thing to do is to do with what most others are doing. High-volume trades are usually safer. A few stray traders can make big trades to make the price go up if you join in this bull run. But the few who started this can simply sell at a higher price and make profit. Therefore, make sure the volume is high before you make a commitment.

Long-Term Bitcoin Price Predictions from Experts

In this section, we'll bring you what experts think BTC's value will be in the long run. Even if we can't use some form of an automated algorithm to make Bitcoin price predictions, we can still make educated guesses. Or, we can take the educated guesses of experts in the field and use them as a stepping stone towards making our own.

So, without further ado, let's look at what these famous people have to say!

Max Keiser

According to Keiser, Bitcoin will "definitely" experience significant growth in 2023 as the price "catches up like it always does."

Plan B

This might be the "Bitcoin bottom is in, 2024 halving >$32k, 2025 bull market >$100k" scenario. Observe the yellow projection for 2025 in the $100k–$1m range.

JP Morgan

Since reaching an all-time high of about $71,000 a year ago, the price of one bitcoin has plummeted to as low as $17,000, and some experts fear that the crypto market crisis could soon get far worse.

Even though the bank placed a significant wager on cryptocurrencies, JPMorgan analysts have now given a dismal prognosis about the price of bitcoin, suggesting that the cryptocurrency may decline by another 25% as a result of the FTX crisis.

Fidelity Investments

According to research from Fidelity, Bitcoin's market capitalisation might reach $1 trillion by 2037. The market capitalisation would expand by a factor of five from its current level of about $200 billion. The analysis also claims that by the same year, the cryptocurrency market may have a total market valuation of $2.7 trillion, demonstrating the enormous development potential of the sector. 

The analysis also says that institutional investment and a rise in blockchain technology usage could be some of the biggest potential drivers of this expansion. It claims that a major factor contributing to the prospective entry of institutional investors into the cryptocurrency market might be the price of Bitcoin and other cryptocurrencies.

MicroStrategy

According to well-known cryptocurrency supporter Michael Saylor, who is also a co-founder of MicroStrategy, Bitcoin could retake its November 2021 all-time high by 2026 and go even higher if its pricing fundamentals alter. 

During MarketWatch's Best New Ideas in Money Festival on Wednesday, Saylor said that Bitcoin would reach its previous high of $68,990 "sometime in the next four years." According to him, Bitcoin might reach $500,000 in the coming 10 years if the largest cryptocurrency, commonly referred to as "digital gold," ever sees its market valuation reach parity with that of physical gold.

Morgan Stanley

Investors are starting to question when cryptocurrencies will ultimately bottom out and restart the cycle since bitcoin has been declining sharply over the past six months.

Draper Fisher Jurvetson

Despite the fact that bitcoin has lost 65% of its value in dollars this year and that the cryptocurrency exchange FTX recently went out of business, billionaire venture capitalist and a founder of Draper Fisher Jurvetson, Tim Draper, is sticking by his audacious prediction that the digital currency will reach $250,000 in the next year or two.

Pantera Capital

Despite some market apathy, Pantera Capital CEO Dan Morehead recently claimed that Bitcoin has already begun its next bull market cycle. According to Morehead, the CEO of Pantera Capital, the cryptocurrency market decline following FTX shouldn't scare away investors because Bitcoin is already in its seventh bull cycle.

He predicted that 2023 would be a year of regaining confidence in the cryptocurrency market and acknowledged that it had reached lows during this cycle in the company's Blockchain Letter.

Despite market indifference, Morehead thinks it's time to switch to a positive crypto outlook. He stated, "I've gone through 35 years of comparable cycles, and Pantera has been through ten years of Bitcoin cycles."

Dave the Wave

Dave predicts that if Bitcoin follows the Logarithmic Growth Curve, it will reach between $500k and $1 million in around ten years, despite occasionally being perceived as gloomy.

Tesla billionaire Elon Musk has said Bitcoin "will make it" but cautioned the price may be in for a "long winter" and added that Dogecoin's success "goes without saying" in answer to a Twitter question on where the price will be in a year.

Bloomberg

The company's most bullish projection is for Bitcoin to reach $1.48 million in 2030, with a bear scenario of $258,500 and a base of $682,800.

Kraken

Bitcoin is a tremendously valuable asset that is currently doing well. Dan Held, the Director of Growth Marketing in Kraken, has predicted that there is a chance that Bitcoin might finish the current cycle around $100,000 or $300,000.

Wells Fargo

In December 2022, Azhar Iqbal, the director of Wells Fargo, stated that "markets are plainly bracing for a recession in 2023" when considering financial data and the inverted yield curve.

ARK Invest

Even after a disastrous 2022 for Bitcoin, Cathie Wood's company, ARK Invest, is sticking to one of its most audacious forecasts yet: that the cryptocurrency's price will surpass $1 million in the following ten years.

Robert Kiyosaki

The price of Bitcoin will reach $500,000 by 2025, according to Robert Kiyosaki, the well-known author of the best-selling book Rich Dad Poor Dad. He anticipates the price of gold to hit $5,000 and the price of silver to reach $500 in the same timeframe. Moreover, Kiyosaki foresaw a "great crash" and a potential slump.

Real Vision Group

Raoul Pal, CEO & Co-Founder, Real Vision Group & Global Macro Investor, forecasts rising cryptocurrency and stock prices. He anticipates a stronger economy. 

A recent industry forecast for 2023's cryptocurrency market trends was made. He's confident that these breakdowns will get better and that they are not unusual. In a later statement, he emphasised that because this has happened before, anyone looking to enter the market should be encouraged.

Raoul thinks that when customers leave the market as prices remain stable, market volatility will increase.

Pal believes the current market environment is similar to the period in 2018 before the stock market and cryptocurrency markets bottomed, and he forecasts that due to growing adoption rates, digital assets will experience significant gains in the ensuing 18 to 24 months.

Fundstrat

Expert in cryptocurrency trading Tom Lee formerly worked at JP Morgan before helping to start Fundstrat, where he now serves as head of research. He was asked about his opinions on the price of Bitcoin in 2023 in a recent interview, and his response was, to put it mildly, overly enthusiastic. Before the end of the year, according to Tom, BTC's value might reach $50,000. He made the following statement still in 2021: 

“Thus, Bitcoin may be somewhere around $200,000. Even while it sounds ridiculous, I really do believe that is attainable and would be incredibly beneficial.”

Guggenheim Partners

Scott Minerd, the chief investment officer at Guggenheim Partners, believes Bitcoin will drop to $8,000 and that the cryptocurrency market now consists of "a bunch of yahoos."

Hex

Crypto tycoon Richard Heart, the founder of Hex, exclusively told Watcher Guru that BTC will drop to $11,000 in 2023. According to Heart, the question of "how" rather than "when" BTC will go below $11K is irrelevant. "As long as there remains a significant discount to NAV, Bitcoin will continue to decline till it reaches $11,000."

Trading vs Investing in BTC

At the end of all that, we come to the final question: what should you do with Bitcoin? Should you invest in it? Or should you trade it?

There are arguments for both. With the next halving coming up, prices are set to hike once more. This makes it attractive for investors to get in on the action. On the other hand, trading in Bitcoin has always been a very active market and continues to thrive. What you choose to do with your bitcoins depends mostly on what you want. Do you want to speculate, or do you want to be in the trenches for the long run?

In the end, it's a very personal decision. Whatever you choose to do, you must never forget about the risks associated with trading and investing in Bitcoin, as well as the alternatives. Particularly Bitcoin CFDs. These instruments allow you to tap into the benefits of Bitcoin trading without having to physically own the coin itself. Unlike with investing, you'll be able to take advantage of price fluctuations in the short term. To start your journey, create a free demo account on Libertex!

Potential Highest & Lowest Bitcoin 5-Year Price Predictions

But where will Bitcoin's price go in the long term? That's a question we aim to answer here by examining BTC price predictions for the next five years.

If BTC performs well over the next twelve months, this will provide investors with a good indicator of how high or low Bitcoin will go in the coming years. Analysts at CaptainAltcoin believe that, after a bit of a rocky end to 2023, the coin will pick up again, reaching $31 862 by the end of May 2024. This represents a change rate of 18.93%.

Bitcoin Price Prediction 2024

According to the analysts at PricePrediction, the future is bright for Bitcoin, even despite its bearish performance so far this year. According to their latest predictions, the max value of BTC in 2024 will be $59 352.69, while its minimum price will be $50 667.86. At these prices, the coin's change rate will be 95.53%.

BTC Price Forecast for 2025

At the moment, the financial experts at PricePrediction forecast that Bitcoin will continue to accrue value into 2025. The top price for Bitcoin during that year will be $87 180.99, with a minimum value of $74 754.24. This will result in a change rate of 186.85%.

BTC Price Forecast for 2026

Continuing on into 2026, the more optimistic investors believe that the price of BTC will continue to climb. The latest estimates from PricePrediction experts state that the coin will reach a minimum of $107 812.21 and a maximum of $127 809.59. With an average price of $111 654.69 throughout the year, this means BTC will have a change rate of 316.76%.

Bitcoin Price Forecast for 2027

Optimistic BTC analysts believe that the coin will only go from strength to strength in 2027. According to PricePrediction experts, even the minimum price for Bitcoin that year will be over $100,000, sitting at $158 230.52. Meanwhile, the maximum value of the coin will be $190 960.51. The coin's change rate will be 376.87%.

BTC Price Prediction for 2028

Analysts at AMB Crypto have a somewhat optimistic outlook on the coin's performance in 2028. They estimate that BTC will be valued between $225 214.23 and $271 375.98. If this favourable prediction proves true, this means that the change rate of BTC will be approximately 579.45%.

So, let's quickly address some of the most pressing questions you may have after reading this article. Little things can get lost in the shuffle, but we hope to answer most of your queries in this section.