Story Highlights
- Bitcoin price today is 42,886.3755
- If Bitcoin sustains above $26K, the BTC price prediction for 2023 predicts it to reach $50,000.
- The Bitcoin price forecast 2030 projects a meteoric recovery in BTC price to reach $347,783.
Extending the bull run to new heights, the 2023 rally in Bitcoin continues to gain momentum as it crosses the $40K barrier. Touching the $44K peak this Tuesday, the reversal trend in Bitcoin price is just shy from the psychological mark of $45K.
With the high hopes of interest rate cuts and Bitcoin Spot ETF approval to Bitcoin Halving coming in 2024, bulls are driving the trend on hopium spirits.
Sustaining above $42K, Bitcoin makes the eight consecutive bullish candle and marks a 8.19% growth in the present week. With no signs of corrections, the bears are being buried and the BTC price is close to approaching the $50K mark in 2023.
However, the market remains filled with doubts like: “Is Bitcoin ready to reach the $100K mark?” or “Will Bitcoin ever go up?” or “Where will Bitcoin be in 5 years?”
To solve such doubts, we bring our comprehensive Bitcoin price prediction for 2023-2030.
So, are you ready to explore the BTC price prediction for 2023-2030 and determine if Bitcoin will rise to $100K?
Table of contents
Overview
| Cryptocurrency | Bitcoin |
| Token | BTC |
| Price | $ 42,886.37545588  0.22% |
| Market Cap | $ 839,294,944,946.5848 |
| Trading Volume | $ 25,017,138,622.5272 |
| Circulating Supply | 19,570,200.0000 |
| All-time High | $68,789.63 Nov 10, 2021 |
| All-time Low | $0.04865 Jul 15, 2010 |
| 24 High | $ 43,420.0000 |
| 24 Low | $ 41,400.0000 |
What’s New With Bitcoin?
SEC’s Delay on Bitcoin ETF Decision: Firstly, the U.S. Securities and Exchange Commission (SEC) has postponed its decision on spot bitcoin exchange-traded fund (ETF) applications until 2024.
Applicants Affected: Consequently, the delay affects several applicants, including BlackRock, WisdomTree, Invesco Galaxy, Wise Origin, VanEck, Bitwise, and Valkyrie Digital Assets.
Review Timeline: To provide context, the SEC began examining the latest batch of applications, which came from both cryptocurrency-focused and traditional finance firms, the previous month. Moreover, the SEC is taking its time to scrutinize each application carefully.
Extended Comment Periods: Interestingly, the SEC has chosen not to make a definitive decision at this time. Instead, they’ve prolonged the existing comment periods, allowing for more public feedback on the applications.
New Deadlines:
Wise Origin, Galaxy, and WisdomTree: Now, these applicants have until 15th January 2024 to await the SEC’s decision.
Valkyrie: On the other hand, Valkyrie’s new deadline stands at 17th January.
Bitwise: Similarly, Bitwise too, must wait until 14th January for the SEC’s verdict.
D.C. Circuit Court of Appeals Ruling: Notably, earlier in the week, the D.C. Circuit Court of Appeals determined that some of the SEC’s reasons for declining bitcoin ETF applications appeared “arbitrary and capricious.” Therefore, this has raised questions about the SEC’s decision-making process.
Grayscale’s Argument: This significant ruling came after Grayscale contended that the SEC lacked a solid foundation for denying its proposal to transform the Grayscale Bitcoin Trust into an ETF. Additionally, this has added another layer of complexity to the ongoing debate.
US lawmakers urge the SEC to approve ETFs: The lawmakers said that following a recent court decision, there is no reason to continue to deny such applications under inconsistent and discriminatory standards. Finally, they urged SEC Chair Gary Gensler to approve the listing of spot bitcoin ETPs immediately.
Bitcoin Price Prediction for December 2023
Crossing the $42K mark, the Bitcoin price enters a realm of higher price last visited 20 months back, signaling a strong comeback in the market. Further, with a strong breakout rally coming out of a bullish flag in the daily chart, BTC price eyes $45K.
Reverting under the $42K shortly after the crossover, the bullish intraday candle develops a higher price rejection with a long wick. The breakout rally comes out of a strong comeback over the weekend, leading to four consecutive bullish candles.
Moreover, the spikes in the intraday trading volume support the growing bullish candles, reflecting a high momentum bull run.
If the uptrend sustains with rising trade volume, boosting the BTC price above the $42K mark, Bitcoin may cross the $45 barrier. However, the recent pitstop for bulls are at $44K and may find an earlier break at the $48K mark.
Nevertheless, with the breakout momentum, the price of Bitcoin shows potential reach the $50K mark by the end of 2023.
Conversely, a fall under $42K could trigger a retest to $40K.
| Bitcoin Price Prediction | Potential Low | Potential Average | Potential High |
| Bitcoin Price Prediction December 2023 | $35,000 | $42,500 | $50,000 |
Also Read: What is Bitcoin? An In-Depth Guide To The King Of Digital Currencies
In a surprising turn of events, Bitcoin’s price starts the Asian markets hours above $40K, forming an impressive green candle. Interestingly, this surge comes as the anticipations grow about interest rate cuts in 2024 after a dovish comment by Powell.
Moreover, the high anticipations of Blackrock ETF approval fuel the trend momentum. Consequently, this overnight rally has had a ripple effect on the altcoin market, which has also seen a reversal driven by the upbeat market sentiment.
Therefore, the BTC manages to bounce back as investors line up at the $40K mark. Moreover, a bullish breakout of $45K can help the BTC price reach $120,000 by the end of 2023. On the flip side, if the downtrend continues, the BTC price may test the low of $57,027.
| Bitcoin Price Prediction | Potential Low | Potential Average | Potential High |
| Bitcoin Price Prediction 2024 | $57,027 | $81,008 | $120,000 |
Bitcoin Price Prediction 2023 – 2030
| Bitcoin Price Prediction | Potential Low ($) | Average Price ($) | Potential High ($) |
| 2025 | 61,357 | 95,903 | 140,449 |
| 2026 | 82,522 | 115,569 | 155,284 |
| 2027 | 152,837 | 160,942 | 169,047 |
| 2028 | 174,063 | 183,485 | 192,908 |
| 2029 | 204,634 | 222,096 | 239,559 |
| 2030 | 277,751 | 312,767 | 347,783 |
Also Read: Bitcoin Price Prediction: Will BTC Price Hit $40K By Mid August?
Bitcoin Price Prediction 2025
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.
Bitcoin Price Prediction 2026
Firstly, as per Bitcoin Price Prediction 2026, the BTC price range in 2026 is expected to be between $82,522 to $155,284. Moreover, the average price is projected to be $115,569.
BTC Price Prediction 2027
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.
Bitcoin Price Prediction 2028
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. Additionally, the average price is expected to be $183,485, demonstrating continued positive momentum.
BTC Price Prediction 2029
Thereafter, as per BTC Price Prediction 2029, the BTC price will range between $204,634 to $239,559. Significantly, the average price is projected to be $222,096, indicating a significant rise in Bitcoin’s value.
Bitcoin Price Prediction 2030
Finally, coming to 2030, Bitcoin Price Prediction maintains a positive trend. Indeed, the BTC price is expected to create its new all-time high, with a price range between $277,751 to $347,783. In conclusion, the average price is expected to be $312,767.
Bitcoin Market Price Prediction: Analyst and Influencer’s BTC Price Prediction
| Firm Name | 2024 | 2025 |
| Gov.Capital | $91,245 | $123,352 |
| DigitalCoinPrice | $78,717 | $110,963 |
| Trading Beasts | $88, 632 | $154,435 |
- 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.
Bitcoin Halving Price Prediction
Firstly, the Bitcoin ‘halving’ just took place, an event that happens roughly every four years. Essentially, the reward Bitcoin miners receive for validating transactions gets cut in half. Consequently, this curtails the number of new Bitcoins in circulation, usually sparking a price rally. According to data, the price surges after previous halvings. Therefore, let’s watch this space.
| Event | Date | Reward (BTC) | Mined (BTC) |
| Launch | January 2009 | 50 | 10,500,000 |
| Halving 1 | November 2012 | 25 | 5,250,000 |
| Halving 2 | July 2016 | 12.5 | 2,625,000 |
| Halving 3 | May 2020 | 6.25 | 1,312,500 |
| Halving 4 | March 2024 | 3.125 | 656,250 |
| Halving 5 | Expected 2028 | 1.5625 | 328,125 |
| Halving 6 | Expected 2032 | 0.78125 | 164,063 |
CoinPedia’s Bitcoin (BTC) Price Prediction
Firstly, at CoinPedia, we’re feeling positive about Bitcoin’s price going up. Significantly, one big reason is the upcoming Bitcoin “halving” event. In simple terms, every four years, the number of new Bitcoins entering the market gets cut in half. Consequently, this usually makes the price go up because there’s less supply.
Additionally, Grayscale Investments winning a key legal battle with the SEC improves the chances of a Bitcoin ETF. However, the moves are delayed to October, providing buyers the perfect opportunity to buy and hoard at lower levels.
Furthermore, even big names like Standard Chartered Bank and other experts also think Bitcoin’s price will rise soon with the halving on the horizon. Therefore, we’re not alone in our optimism!
We expect the BTC price to create a new 2023 high of $50,000 by 2023.
| Year | Potential Low | Potential Average | Potential High |
| 2023 | $35,000 | $27,557 | $42,500 |
ChatGPT Predicts Bitcoin Post-Halving Price To Cross Million
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.
Bitcoin Historic Price Sentiments 2008 – 2022
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.
FAQs
When is the next Bitcoin halving?
The Bitcoin halving takes place once every four years or every 210,000 blocks. The next Bitcoin halving will take place in April 2024.
How much has the price of Bitcoin changed in the last 24 hours?
Over the past 24 hours, BTC witnessed a 0.69% change, hitting a peak of $30,630 and a low of $30,259.
How much is 1 Bitcoin worth?
At the time of publishing, the price of 1 BTC was $30,604.
Why is Bitcoin halving done?
Bitcoin halving ensures that the amount of bitcoin we can mine decreases with each block, making bitcoin more scarce and ultimately more valuable.
Will the Bitcoin price go back up?
Bitcoin price will surge with the Bitcoin halving coming closer.
What is the projected price of Bitcoin in 2023?
The projected price of Bitcoin in 2023, will range between $25,401 and $35,000, with an average of $30,200.
What is the projected cost of Bitcoin in 2024?
For 2024, the BTC price will have a projected high of $74,967 and a potential low of $57,027, with an average price of $65,997.
What is the projected price of Bitcoin in 2025?
In 2025, the projected high for Bitcoin is $110,449, with a low of $61,357 and an average price of $85,903.
If I had invested $100 in 2020 fall, what it be worth now?
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.
How many Bitcoins will be mined?
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.
Will Bitcoin Hit $1 Million by 2030?
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.
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