Bitcoin (BTC) Price Prediction 2024 – 2034
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BTC -1.03% has been on a powerful upward trajectory since the US 2024 election, reaching its apex when it powered through the much-anticipated $100,0000 mark on December 4th. However, it didn’t stop there, and its new all-time high now stands at $103,804.00, marking a +137.30% increased year-to-date (YTD).
The surge can be attributed to factors like the approval of Bitcoin ETFs, the Bitcoin halving, the anticipation of a more crypto-friendly incoming US administration, and increasing institutional interest.
As of December 13, 2024 Bitcoin is trading at $100,959.00, with a very positive outlook. In this Bitcoin price forecast, we provide a detailed BTC price analysis, experts’ outlook, and future projections for the original cryptocurrency.
Bitcoin Price Prediction Overview
| Year | Price Targets | Key Factors |
|---|---|---|
| 2025 | $199,949.75 |
|
| 2026 | $378,680.80 |
|
| 2030 | $2,730,429.40 |
|
Bitcoin Price Analysis
Recent Events Affecting BTC Price
Bitcoin reacted positively to the approval of Bitcoin ETFs in January 2024. The halving event on April 19, 2024, reduced the block mining reward by half, from 6.25 BTC per mined block to 3.125 BTC per mined block. Despite the significance of this event, it occurred with little fanfare, and Bitcoin’s price remained relatively stable at around $64,000 at that time.
After its peak in March, Bitcoin saw a period of ups and downs, with lower highs due to economic pressures. It had brief rallies in late May and early June, reaching $71,000, fueled by renewed interest from larger investors. However, much of the year was marked by sideways movement, as rising living costs and cautious spending limited cryptocurrency investments.
Bitcoin got a boost in September when the Federal Reserve cut interest rates for the first time since the COVID-19 pandemic. This pushed Bitcoin back above $60,000, briefly hitting $62,350. In November, Bitcoin flew past its previous ATH of nearly $69,000 in November 2021, driven by excitement around the US presidential election and growing confidence in the crypto market.
The electoral victory of Donald Trump, who branded himself as the crypto-friendly candidate in the US presidential electoral race, pushed the Bitcoin price to new ATHs in November, with multiple successive all-time highs hit. On December 4, 2024, it passed the $100,000 mark for the first time in its 15-year history and has since hit a new all-time high of $103,804.00.
Bitcoin Price Prediction 2024
Looking at Bitcoin’s price chart, the world’s top cryptocurrency has climbed +137.30% in the last 12 months to set new ATHs above $100,000.
Bitcoin’s future looks promising as the world continues to recover from the economic crisis brought on by the global pandemic. The ongoing adoption of Bitcoin, the ETF approval, and the circle of pro-Bitcoin and crypto advisors that now surround the US president-elect are expected to drive further interest and investment in the cryptocurrency.
The regulatory framework for cryptos around the globe is also expected to continue improving this year, and we could also see more countries declare some form of cryptocurrency as legal tender in 2024—with Bitcoin and/or stablecoins being the most likely candidates.
Our prediction for Bitcoin’s price in 2024 is around $100,100.00.
Bitcoin Price Forecast for the Next 30 Days
All eyes have been on Bitcoin recently after it broke through the $100K barrier and vaulted to an even higher ATH, and many wonder how high it can go.
The following Bitcoin price predictions are based on our proprietary estimation technology. We use mathematical and statistical methods to make predictions based on existing historical data. The BTC forecasts and estimated price targets are updated every day.
| Date | Potential Low | Average Price | Potential High |
|---|---|---|---|
| December 14, 2024 | $100,127.17 | $100,152.10 | $100,267.17 |
| December 15, 2024 | $100,154.29 | $100,204.09 | $100,434.00 |
| December 16, 2024 | $100,181.51 | $100,256.29 | $100,601.50 |
| December 17, 2024 | $100,208.90 | $100,308.81 | $100,770.00 |
| December 18, 2024 | $100,234.91 | $100,358.67 | $100,930.00 |
| December 19, 2024 | $100,263.35 | $100,413.21 | $101,105.00 |
| December 20, 2024 | $100,288.87 | $100,462.13 | $101,261.99 |
| December 21, 2024 | $100,317.81 | $100,517.61 | $101,440.01 |
| December 22, 2024 | $100,343.81 | $100,567.47 | $101,600.00 |
| December 23, 2024 | $100,371.99 | $100,621.49 | $101,773.34 |
| December 24, 2024 | $100,398.89 | $100,673.07 | $101,938.84 |
| December 25, 2024 | $100,425.73 | $100,724.54 | $102,104.00 |
| December 26, 2024 | $100,453.93 | $100,778.62 | $102,277.51 |
| December 27, 2024 | $100,480.02 | $100,828.63 | $102,438.00 |
| December 28, 2024 | $100,507.98 | $100,882.24 | $102,610.01 |
| December 29, 2024 | $100,534.31 | $100,932.73 | $102,772.00 |
| December 30, 2024 | $100,560.99 | $100,983.89 | $102,936.17 |
| December 31, 2024 | $100,588.60 | $101,036.82 | $103,106.00 |
| January 1, 2025 | $100,615.23 | $101,087.87 | $103,269.83 |
| January 2, 2025 | $100,641.80 | $101,138.83 | $103,433.33 |
| January 3, 2025 | $100,670.03 | $101,192.95 | $103,607.00 |
| January 4, 2025 | $100,694.79 | $101,240.42 | $103,759.32 |
| January 5, 2025 | $100,722.45 | $101,293.46 | $103,929.49 |
| January 6, 2025 | $100,753.42 | $101,352.83 | $104,120.02 |
| January 7, 2025 | $100,779.96 | $101,403.73 | $104,283.35 |
| January 8, 2025 | $100,808.57 | $101,458.59 | $104,459.36 |
| January 9, 2025 | $100,832.90 | $101,505.22 | $104,609.00 |
| January 10, 2025 | $100,863.08 | $101,563.09 | $104,794.69 |
| January 11, 2025 | $100,887.97 | $101,610.82 | $104,947.84 |
| January 12, 2025 | $100,915.14 | $101,662.92 | $105,115.01 |
Bitcoin Price Prediction 2025
From our current vantage point, 2025 looks to be a good year for Bitcoin, our Bitcoin forecast, and the Bitcoin price.
Institutional adoption of cryptocurrencies started to gather pace in 2024, and the potential for Ethereum ETF approval in 2024 will only rouse further investor interest in cryptocurrencies as the existence of such investment vehicles is seen by many as indicative of a positive regulatory future for cryptocurrencies.
Bitcoin will always remain one of the best long-term crypto projects due to its appeal amongst retail investors and those with limited market knowledge. Whenever newcomers wish to get involved with crypto, they naturally gravitate towards BTC, as it is viewed as the ‘safest’ option due to its popularity and prominence in their limited knowledge. Again, this is another factor that will play a role in sustaining demand.
In addition, our Bitcoin price prediction remains optimistic due to how well-placed the coin is to weather any storm. Not only is Bitcoin becoming more popular amongst investors, but it is also becoming more popular amongst politicians, as they realize that Bitcoin and crypto are growing in popularity with their constituents—a trend we expect to see continue into 2025 and beyond. There are also more than 34,000 Bitcoin ATMs worldwide, highlighting that the coin isn’t going away anytime soon.
There is one final factor affecting a Bitcoin price forecast for 2025, the Halving event of 2024. Based on data from Bitcoin’s last 4 Halvings, Bitcoin experiences explosive growth 12–18 months after the Halving event occurs, which means that this is set to happen in the middle of 2025—meaning that a bull run akin to 2017 or 2021 is potentially on the cards. At the moment, the halving had little to no effect on BTC’s price gains, as broader macroeconomic factors and institutional selloffs outweighed its impact. With that being said, there’s still time for Bitcoin investors to feel the effects of the halving.
All of these elements combine to add support to the idea that, although Bitcoin’s exponential price increases may be a thing of the past, the coin still has great investment potential. Given the historical boom-bust cycle that has been present during Bitcoin’s lifetime, it could be expected that BTC and the rest of the crypto space could mimic the bull run of 2021 in 2025.
As such, our Bitcoin price prediction 2025 estimates the coin’s price could hit $199,949.75, peaking out at $249,874.63 in 2025. We also predict a yearly low of $150,024.88.
Moreover, our Bitcoin price prediction 2030 forecasts that the price could exceed this level – thereby leading to another new all-time high. Other analysts have also weighed in on the future price of Bitcoin, with Bernstein analyst Gautam Chhugani stating that the firm believes Bitcoin could hit $150,000 by 2025.
Bitcoin Price Prediction 2026
While 2025 is predicted to bring new highs to the Bitcoin price as a result of the Halving, 2026 is expected to be less fruitful for investors. As Bitcoin continues to follow its four-year cycles, 2026 is expected to be when the Bitcoin price experiences a downturn in the aftermath of the 2025 Bitcoin Halving-induced highs.
That being said, institutional access to and investment in Bitcoin and the cryptocurrency market is expected to continue growing in 2026, as crypto regulations take shape and increase both investor confidence and investor access to digital assets. As a result, the drop in price between 2025 and 2026 is not expected to be as drastic as Bitcoin’s previous post-Halving declines.
This is why our Bitcoin price prediction for 2026 has a high of $585,015.06, a low of $217,042.45, and an average of $378,680.80, as investors capitalize on the perceived discounted price of Bitcoin under $60,000.
Bitcoin Price Prediction 2030
Now, let’s delve into the future of Bitcoin’s price over the long term. Bitcoin is currently the only coin to be receiving support from both the crypto and traditional finance sectors, which sets it apart from other cryptocurrencies and bodes well for its long-term prospects. Today, it is widely seen as ‘digital gold’ by members of both the crypto and traditional finance sectors, and we can expect this narrative to persist in the long term and help support sustained, higher prices for Bitcoin.
We also expect the availability, accessibility, and, most importantly, the use of crypto to continue to grow. We don’t expect Bitcoin’s position as the flag bearer for the crypto movement to falter, and this position will likely only be strengthened as the adoption of cryptocurrencies grows. Everything is boding well for the future price of Bitcoin to remain strong.
One final thing affecting the Bitcoin price in 2030 might be the Bitcoin Halving event of 2028. If, as said before, we follow historical trends, then Bitcoin is likely to peak in 2029 with new all-time highs induced by the Halving of 2028, and 2030 is when we’ll be coming down from these highs. While the Bitcoin price might not be as high as it would be in 2029, our Bitcoin predictions include Bitcoin sustaining much higher prices than many might expect as the now mainstream adoption of cryptocurrencies and Bitcoin help to cushion the drop in price.
As a result, our 2030 prediction for the price of Bitcoin is that prices will be sustained around $2,730,429.40, with a high of $8,646,694.29 and a low of $654,633.29, as Bitcoin’s price shows stability. The CEO of Ark Invest, Cathie Woods, stated on the Coin Stories podcast that her company forecasts Bitcoin trading hands for as much as $1.48 million by 2030.
Bitcoin Price Potential Highs & Lows
Bitcoin will likely remain one of the market’s top trending cryptos for years to come, providing a solid platform for sustained growth in the Bitcoin price. With that in mind, the table below presents an overview of our Cryptonews predictions and price forecasts for the coming years, ensuring investors know which levels could act as support or resistance.
| Year | Average Price | Potential Low | Potential High |
| 2025 | $199,949.75 | $150,024.88 | $249,874.63 |
| 2026 | $378,680.80 | $217,042.45 | $585,015.06 |
| 2027 | $678,487.33 | $302,805.80 | $1,280,517.38 |
| 2028 | $1,147,374.96 | $406,993.48 | $2,611,366.53 |
| 2029 | $1,826,687.81 | $526,451.64 | $4,942,666.40 |
| 2030 | $2,730,429.40 | $654,633.29 | $8,646,694.29 |
What Other Analysts Predict for Bitcoin’s Price
As it might’ve been noticed, we are not alone in making Bitcoin price predictions. With that said, here we’ve rounded up some Bitcoin future predictions from other website and analysts.
Changelly
On the Changelly blog, Daria Morgen predicts that Bitcoin will surpass $100,000 in 2025 and be worth over half a million dollar in 2030, with a high of $820,623, and a low of $693,732 in 2030.
CryptoCon
In a Twitter post, CryptoCon, the creator of the Halving Cycles Theory, predicts that Bitcoin could top out as high as $180,000 in late 2025.
George Tung
George Tung of TheStreetCrypto predicts that Bitcoin will top out at “around $200,000” in 2025.
Jurrien Timmer
The Fidelity Investments group’s Director of Global Macro, Jurrien Timmer, predicts that Bitcoin will see a large seven figure range, between $1–$10 million, in 2030.
CoinCodex
The CoinCodex website uses algorithms to predict that if Bitcoin continues to grow at the average 22% per annum it has so far then it could hit $140,070 by 2030 and $1.26 million per coin by 2040.
The Effects of the 2024 Bitcoin Halving
Bitcoin Halving events occur approximately every four years, cutting the reward received for mining Bitcoin in half. The halving policy was written into Bitcoin’s mining algorithm to fight inflation and maintain scarcity, automatically executing at a predetermined time, without requiring the input of a third party.
The most recent Bitcoin Halving event occurred on April 19, 2024, at block 840,000, reducing the mining reward from 6.25 BTC to 3.125 BTC per block. This event marks the fourth halving in Bitcoin’s history, following previous halvings in 2012, 2016, and 2020.
The 2024 Bitcoin Halving impacts the cryptocurrency market by increasing scarcity, which can drive up demand and prices. Following the halving, Bitcoin’s price stayed stable at around $64,000. Historically, Bitcoin halvings have led to price increases in the months afterward, and while immediate reactions were mixed, the long-term outlook remains positive.
In the mining industry, reduced rewards could lead to consolidation, with smaller operations possibly exiting and larger ones gaining market share. The economic conditions around this halving differ, as Bitcoin had already hit an all-time high of $103,804.00 before declining. Future effects on Bitcoin’s price and the broader market will depend on demand and overall conditions. Looking ahead, the next Bitcoin Halving event is expected around mid-2028, continuing the established pattern of reducing block rewards every four years.
How Did SEC Bitcoin ETF Approval Affect the Bitcoin Price?
The approval of bitcoin ETFs by the SEC was met with huge excitement by the crypto-sphere. Exchange-traded funds, or ETFs, are a straightforward way to invest in assets without having to acquire those assets directly. Since ETFs are easily tradable on stock exchanges, the SEC’s approval of bitcoin ETFs was anticipated to bring Bitcoin—and subsequently other cryptocurrencies—further into the financial mainstream and increase the price of the underlying asset, i.e., Bitcoin.
In the months running up to the Bitcoin ETF approval deadline, which was pushed back multiple times, investor speculation drove prices from ~$26k to bring Bitcoin within touching distance of $48k just days before the approval deadline.
After Bitcoin spot ETFs were approved—and after a hack to the SECs Twitter falsely tweeted that Bitcoin ETFs were approved just the day before—the price of Bitcoin actually declined, dipping below $40,000 for a few days. However, after this dip, Bitcoin began moving upward, gaining 43.74% in February before breaking its 3-year ATH in November. It quickly moved onward, surpassing $70,000 for the first time on March 8th. However, with the broader economic factors dictating the investment game, there’s been less interest in risk-on investments, which can be confirmed by reduced BTC ETF inflows.
Bitcoin Price History
The first BTC transaction occurred in January 2009, and in the years that followed, Bitcoin became increasingly popular amongst internet users who wished to remain anonymous. This anonymity was made possible through Bitcoin’s innovative use of blockchain technology, which allowed network users to send and receive BTC without providing personal information.
The Bitcoin crypto price had its first bull run in late 2013, a year after the 2012 Bitcoin Halving event, and Bitcoin price increased by almost 10,000% in just a few months. The next upward surge didn’t occur until mid-2017, a year after the 2016 Halving event when the price of Bitcoin rocketed by 1,694% in under 11 months. By December 2017, Bitcoin was trading around the $20,000 level.
After a few more years of peaks and troughs, Bitcoin entered the limelight, as the coin’s price went on a huge bull run between March 2020 and April 2021, hitting highs of $59,890.02. After a temporary fall, BTC’s price recovered and surged to an all-time high of $68,789 in November 2021.
However, the Bitcoin stock price couldn’t sustain these remarkable highs and immediately plummeted, entering a sustained bear phase that saw the coin lose 50% of its value. After a brief hiatus, the second leg of this bear phase commenced, causing BTC’s price to drop to the $18,000 region. This continued until the start of 2023, which is when the leading crypto started spiking in value once again.
The first half of 2023 was excellent for BTC, with the price almost doubling since the start of the year, reaching $31,000 at the end of June. This was due to a slew of institutional interest, including major asset managers applying for spot Bitcoin exchange-traded funds (ETFs). Bitcoin closed 2023 above $42,000.
Numerous Bitcoin ETF applications were submitted to the United States Securities and Exchange Commission (SEC) in 2023, and the SEC approved all 11 of the Bitcoin ETF application it had received in January 2024, which, along with the recent Bitcoin Halving, were deemed as a potentially explosive combination for the Bitcoin price.
The start of 2024 has been explosive for BTC, with the cryptocurrency gaining over 65% in the first two months of the year and recording multiple new all-time highs in March. It first broke above its previous highs from November 2021 on March 5th, before then topping $70,000 for the first time on March 8th—spending just 1 minute above that valuation. Following the U.S. presidential election, Bitcoin peaked again in November 2024, reaching a new ATH of $103,804.00.
| Coin Name | Bitcoin (BTC) |
|---|---|
| Bitcoin Price | $100,959.00 |
| Bitcoin ATH | $103,804.00 (December 5, 2024) |
| Bitcoin Price Change 24h | ▼ -1.03% |
| Bitcoin Price Change 7d | ▲ 2.13% |
| Bitcoin Market Cap | $2.00T |
| Circulating Supply | 19.79M |
Below is a summary of the key points of Bitcoin’s price history:
- Bitcoin (BTC) was conceptualized in late 2008 and officially ‘launched’ in early 2009
- BTC’s first bull run occurred in 2013 when the coin’s price rose by 10,000%
- BTC’s second major bull run was in 2017, when the coin’s value rose by 1,694% in just under 11 months
- Bitcoin showed sustained bullish momentum in 2020 and 2021, reaching an all-time high of $68,789 on November 10, 2021
- After reaching this ATH, the BTC price declined, hitting a low of $15,479 on November 21st, 2022, just over a year after its ATH and a loss of 77.5%
- The first half of 2023 was excellent for BTC as the price nearly doubled from January to July, reaching a local high just shy of $32k amid a flurry of spot Bitcoin ETF applications from major asset managers. Bitcoin ended 2023 valued at just over $42k.
- ETF approvals were granted by the SEC in January 2024.
- Bitcoin topped $70,000 for the first time ever on March 8th, 2024, and hit multiple new ATH in the days after.
- Bitcoin reached a new all-time high of $73,750.07 on March 14th, 2024, following a series of bullish movements earlier that month.
- BTC experienced steady growth throughout 2024, driven by increased adoption and macroeconomic factors.
- In November 2024, Bitcoin peaked again, hitting a new all-time high of $103,804.00 after the U.S. presidential election, reflecting renewed investor optimism.
- Bitcoin is currently trading at $100,959.00.
Where Is the Best Place To Buy Bitcoin?
Best Wallet is a one-stop shop non-custodial wallet, and quite possibly one of the best places to purchase Bitcoin. The Best Wallet ecosystem includes a place to buy and sell your crypto, a portfolio management tool, a native decentralized exchange (DEX), a staking aggregator, a crypto debit card, and more.
You can buy and hold your Bitcoin on the wallet without anyone accessing your keys (unlike on centralized exchanges), but also swap your BTC for altcoins and potentially access the world of decentralized finance through the wallet.
Best Wallet is a great option for buying Bitcoin because of a combination of three things:
- Being able to buy and sell your crypto at competitive rates
- Never relinquish the keys to your crypto
- Gaining access to the Best Wallet ecosystem from the get-go
Signup is quick and easy, taking less than 5 minutes to create a new wallet. The Best Wallet interface is also very easy to use, making the purchase process smooth for market newcomers. Plus, if you ever want to sell or swap your Bitcoin, there is plenty of choice with Best Wallet.
Bitcoin Price Prediction – Conclusion
To conclude, this Bitcoin future analysis has taken an in-depth look at the coin’s prospects, diving into the factors that could affect its price in the near and long term future. Bitcoin has hit multiple new all-time highs already this year and is currently priced above $100,959.00.
With Bitcoin’s first mover status making it the preeminent crypto in the mind of many investors, an inflow of institutional money, and the recent Bitcoin Halving, many analysts are excited by the sign that Bitcoin’s current valuation could be just the beginning of a bull market. Having said that, Bitcoin price predictions are certainly not set in stone, and there may be unforeseen events that end up changing the Bitcoin outlook for both the near and distant future.
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References
- Why Bitcoin Hit its All-Time High (Time)
- How close are crypto markets to first spot bitcoin, ether ETFs? (Reuters)
- US SEC approves bitcoin ETFs in watershed for crypto market (Reuters)
- CMC Bitcoin Halving 2024 (CoinMarketCap)
- Why Bitcoin Could Fall 33% After its Long-Awaited Halving Event in April, JPMorgan Says (BusinessInsider)
- SEC Account Hack Renews Spotlight on X’s Security Concerns (Reuters)
- Spot Bitcoin ETFs Attract $10B in AUM in Less Than a Month (Nasdaq)
- Bitcoin could hit $150,000 by 2025, predicts Bernstein (CNBC)
- Cathie Wood on Investing, Spot Bitcoin ETFs, $1 Million Bitcoin and What Drives Her (YouTube)
- Bitcoin Halving Is Coming and Only the Most Efficient Miners Will Survive (CoinDesk)
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