Bitcoin Price Prediction & Forecast 2024-2050

Bitcoin Price Prediction & Forecast 2024-2050

Bitcoin Overview

Bitcoin, the first decentralized crypto, operates as a digital and decentralized form of currency. It enables peer-to-peer transactions without the need for intermediaries like banks or financial institutions. Bitcoin transactions are verified by nodes in its decentralized network through cryptographic techniques and the details are recorded in a public ledger called the blockchain.

Key points About Bitcoin:

Decentralization: Bitcoin operates on a peer-to-peer network, eliminating the need for central authorities and intermediaries in financial transactions.

Blockchain Technology: Transactions are recorded on a public ledger known as the blockchain, ensuring transparency and security.

Cryptography: The use of cryptographic techniques ensures the security and integrity of transactions.

Limited Supply: Bitcoin has a capped supply of 21 million coins, contributing to its scarcity and value.

Platforms such as MarketWatch provide real-time information on Bitcoin’s price, market trends, and historical data, besides valuable insights.

Bitcoin (BTC) Technical Overview

Bitcoin (BTC) Metrics Data
Price$42,307.34
Price Change 24h-1.08%
Price Change 7d0.012
Market Cap$829,747,023,119
Circulating Supply19,576,675 BTC
Trading Volume 24h$24,560,689,806.67
All-Time High$64,863.10 (April 14, 2021)
All-Time Low$65.53 (July 05, 2013)
Price Prediction 7dNot available
Price Change 30d0.1823
Price Change 90d0.6409
Price Change 365d1.591

The price of Bitcoin (BTC) is $42,307.34 as of  29th Jan 2024, with a 24-hour trading volume of $43.29 billion. With a circulating supply of 19.59 million BTC, Bitcoin is valued at a market cap of $920.21 billion.

Bitcoin (BTC) Price Action Graph

Source: Techopedia.com

Price Action: As of this February’s first week, Bitcoin’s current oscillators offer a diverse perspective. The relative strength index (RSI) at 59, Stochastic at 52, commodity channel index (CCI) at 31, average directional index at 34, and awesome oscillator at 2075 all signal neutrality and a positive trend, suggesting a market in balance. However, the momentum indicator points to bullish action at -1016, contrasting the moving average convergence/divergence (MACD) level’s bearish signal at 1115, highlighting a market at a crossroads.

Price activity is nearest the 100-bar MA (4-hourly) at 42520.51 and the 50-bar MA (Hourly) at 42925.73.

Technical Support is expected around 37392.45/ 36720.55/ 35633.00 with Stops expected below.

Technical Resistance is expected around 46487.10/ 47108.16/ 48240.00 with Stops expected above.  

On the 4-hourly chart, SlowK is Bearishly below SlowD while MACD is Bullishly above MACDAverage.

On the 60-minute chart, SlowK is Bullishly above SlowD while MACD is Bearishly below MACDAverage.  

Bitcoin Profit Calculator


Bitcoin profit calculator will help you calculate your profit/loss from trading. The calculator is especially useful when you are dealing with a large number of tokens and multiple trades which also involves other calculations like exchange fees. The calculator helps you assess your net profit/loss on your BTC trades. Check out the link – Click Here

Bitcoin Historical

A thorough understanding of Bitcoin’s price history will help in Bitcoin price prediction. As of Jan. 29, 2024, the price of Bitcoin is $42,307.34, and BTC is now ranked first in the whole cryptocurrency ecosystem. Bitcoin’s circulating supply is 19.59 million BTC with a market cap of 919.82 billion.

Because of its rapid development, the currency has the potential to become a valuable asset if it continues to rise. Looking ahead, Bitcoin prediction has become more sophisticated with the use of technical analysis tools. In the sections that follow, we bring you our crypto price prediction starting with 2024 up to 2050 focusing on BTC price prediction. Our predictions are based on third-party sources. We have done our due diligence on the reliability and accuracy of the third-party sources relied upon and such sources cannot reasonably be considered misleading for the users. Please note that given the volatility of the crypto market, prices could move upward or downward. Returns are not guaranteed.

Bitcoin Price Prediction 2024

Crypto is a relatively new asset class. Yet, crypto price prediction has evolved over the last decade or so. Based on the established development trends of Bitcoin price movement, BTC might theoretically reach a maximum price of $76,525.43 in 2024.

Furthermore, our study predicts that the average price of Bitcoin in 2024 will be about $65,470.07. This number is an estimate of the general trade price for Bitcoin for the remainder of the year.

Our technical analysis, on the other hand, predicts a minimum price of $63,667.60 for Bitcoin in 2024.

Bitcoin Price Prediction 2025

Crypto price predictions are difficult as the asset class is known for its volatility. The prevailing opinion among the crypto community, as represented in online debates and social media activity, is that Bitcoin’s value will rise in 2025.

Our forecast for 2025 shows that Bitcoin might reach a maximum price of $110,064.82, indicating a bullish trend. We forecast an average trading price of $92,395.02 for BTC by the end of 2025, with a minimum predicted price of $89,776.22. (Source: Here)

Bitcoin Price Prediction 2026

Bitcoin prediction today is fast evolving, thanks to the availability of sophisticated tools. Bitcoin’s value will not fall below a minimum level of $138,139.52 in 2026, according to our BTC price prediction.

According to estimates, Bitcoin can grow and reach a maximum trading value of $157,161.58. It demonstrates the huge growth potential that Bitcoin still has in the view of experts.

The average market price of Bitcoin in 2026 is projected to be about $140,911.37. (Source: Here)

Bitcoin Price Prediction 2027

Using complex technical analysis tools, our BTC price prediction is that Bitcoin will reach a high price of $236,659.44 by 2027. This upbeat forecast is supported by our study, which predicts a BTC average price of about $193,144.14.

We must also consider a minimum price of $188,916.80 as a possible lower limit for Bitcoin’s worth throughout this period. (Source: Here)

Bitcoin Price Prediction 2028

BTC price prediction mainly focuses on price movements. The price of Bitcoin is predicted to vary between $277,575.51 and $322,314.33 in 2028. The large price range reflects the cryptocurrency market’s potential volatility and unpredictability.

While accurate forecasts are difficult, our model predicts that the average price of BTC over this time will be roughly $283,369.83. (Source: Here)

Bitcoin Price Prediction 2029

Bitcoin has the potential for significant growth, with a maximum anticipated price of $468,953.00 in 2029. The highest price estimate represents Bitcoin’s potential upward velocity in 2029. The minimum price of Bitcoin (BTC) over this time is expected to be about $384,689.92. According to predictions, the average market price of Bitcoin in 2029 will be roughly $396,024.72. (Source: Here)

Bitcoin Price Prediction 2030

According to BTC prediction, Bitcoin price has the potential to reach a high of $659,491.22 in 2030. The average expected trade price for Bitcoin in 2030 is $548,092.58.

In the case of market downturns or corrections, Bitcoin may trade at a low of about $536,211.84 in 2030. This reflects the lower end of the price range and acts as a reference point for prospective market bottoming. (Source: Here)

Bitcoin Price Prediction 2040

Bitcoin is expected to cost between $1,797,583.44 and $1,967,625.12 in 2040, with an average market price of $1,894,750.12. This range represents market expectations and takes into account possible positive developments as crypto is expected to attain widespread usage. A sizable section of the global population is likely to use coins such as Bitcoin for daily transactions, and companies might start accepting BTC as a payment mechanism.
The crypto market’s rising popularity and maturity are likely to make Bitcoin a stable store of value, making it an appealing alternative for long-term investments. (Source: Here)

Bitcoin Price Prediction 2050

With technical know-how, Bitcoin price prediction today can project approximate price movements in the future. Accordingly, Bitcoin’s highest trading price in 2050 is expected to be about $2,562,770.99. Bitcoin might reach an average price of $2,489,895.99 by 2050, according to our calculations. Bitcoin may potentially endure short downturns, with the minimum price level staying around $2,356,291.81. (Source: Here)

Other cryptocurrencies with distinct characteristics and functions will compete with Bitcoin. Blockchain technology will continue to evolve, resulting in the creation of new currencies with enhanced capabilities.

However, BTC’s first-mover advantage, powerful network effect, and established infrastructure might allow it to continue its dominance in the crypto industry.

Cryptocurrency price predictions are subject to several factors, including market circumstances, technical breakthroughs, regulatory framework, and unanticipated events. Hence, it is important to perform a comprehensive study and exercise prudence when making judgments in the crypto market based on long-term price expectations.

What is Bitcoin (BTC)?

Bitcoin (BTC) is the world’s first decentralized digital currency, created in 2009. Operated on a peer-to-peer network, it enables direct transactions without the need for intermediaries like banks. Bitcoin transactions are secured using cryptographic techniques and recorded on a public ledger called the blockchain. As a decentralized currency, it is not controlled by any central authority or government, giving users financial autonomy.

Bitcoin has gained popularity as a form of digital gold and a store of value. Its scarcity is maintained through a capped supply of 21 million coins, adding to its appeal as a deflationary asset. Users can obtain Bitcoin through mining, purchasing on cryptocurrency exchanges, or accepting it as payment for goods and services.

Bitcoin Price History

Bitcoin Price History

Source: coingecko.com

Bitcoin (BTC): Expert Predictions

(BTC) Bitcoin Price Predictions

Source: cryptodisrupt.com

Analyst firm Rekt Capital last month posited a theory outlining the “five phases” of Bitcoin halving. The first phase, the pre-halving period, is marked by potentially lucrative investment returns following any major price drops. According to the analyst, we are currently in this phase, as BTC is constantly fluctuating between $40,000 and $44,000 following its more than 10% surge in November 2023. (Source: here)

Mitchell, head of the Blockware analysts’ team, challenges the common belief that the halving’s impact diminishes over time. He recently argued that the diminishing new supply percentage doesn’t consider the decreasing available supply due to Bitcoin holders. Furthermore, he emphasized the importance of price determination at the margin and predicted a massive demand influx as Bitcoin reaches its parabolic adoption phase, tapping into global wealth and savings.

Scott Melker, known as the Wolf of All Streets, aligns with Standard Chartered Bank’s forecast of Bitcoin hitting $100,000 by the end of 2024. Key drivers for this prediction are the approval of spot Bitcoin ETFs in the US and the Bitcoin halving event. These ETFs, potentially including Bitcoin and Ethereum, are anticipated to attract significant institutional investment.

Bitcoin (BTC) Price Prediction Table 2024 – 2050

YearLow PriceAverage PriceHigh Price
2024$63,609.33$64,950.32$75,658.30
2025$90,860.79$93,458.80$108,190.47
2026$132,982.30$135,786.07$157,144.03
2027$188,057.91$193,489.35$230,664.76
2028$272,638.71$278,443.39$328,092.66
2029$385,632.20$396,769.93$466,678.64
2030$564,617.35$576,520.44$672,421.46
2040$2,160,229.54$2,050,850.83$1,982,489.14
2050$2,461,021.00$2,597,744.38$2,666,106.08

The Bitcoin price prediction on CoinSwitch is calculated using the historical Bitcoin price, accounting for past volatility and market movements. In addition, we consider the cyclical nature of Bitcoin halvings, which introduce extra supply-side pressure on BTC every 4 years. This has historically played a pivotal role in crypto markets and plays a major role in formulating a realistic Bitcoin prediction.

Source:

https://changelly.com/blog/bitcoin-price-prediction/

https://cryptodisrupt.com/predictions/bitcoin-price-prediction

Disclaimer: Crypto products and NFTs are unregulated and can be highly risky. There may be no regulatory recourse for any loss from such transactions. The information provided in this post is based solely on the collation of publicly available information as of the date of publication of this blog and should not be considered investment/financial advice from CoinSwitch. Therefore, any action taken upon the information provided herein shall be at the user’s risk. CoinSwitch, including any affiliate entities, will not be liable for any losses incurred by the user because of the user’s reliance on the information provided above to execute any trades.

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