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Bitcoin price forecast and prediction 2024/2025 - 2030

Daniel Ramirez
Daniel likes to share his knowledge about crypto with others. In addition, he foresees cryptocurrencies playing an important role in the digital society.

How much will bitcoin be worth? It's the talk of the day when the price skyrockets. In this article, we take you on a journey through the expectations of several analysts. But it also comes with a warning: no one has a crystal ball, and there is no guarantee that these predictions will come true. Only invest what you can afford to lose.

Bitcoin price forecast short term
Updated on September 5, 2024

Bitcoin has had a tough week, with a fall of more than 10% in its value. It would be positive if the coin could recover from this point, but the positive signals are diminishing. In this analysis, we explore a final support level to prevent Bitcoin from falling below $56,000. Let's take a look at the charts.

BTC Overview
We start by observing the daily chart, which we often use to highlight key price levels. These are areas where Bitcoin has reacted before, and therefore, could continue to influence in the future. These levels, marked in red, are around $62,000, $57,000, and $49,000.

As you can see, Bitcoin has already been traded below $57,000, which means that this zone has officially been lost as support. BTC attempted to recover this level without success, as we can see more clearly on the 4-hour chart.

Normally, losing such an important zone triggers more falls, although this may take a while. Therefore, it's a good idea to watch the price from the sidelines and see how it evolves.

The last time BTC fell below $57,000, it caused a sharp 15% fall in just 12 hours, towards the lower zone. This happened in early August.

Bitcoin is trading below the middle zone.
After this fall, Bitcoin managed to recover to some extent, surpassing both red zones and reaching a high of $64,950. However, since then, the price has continued to fall, without the upper or middle zones being able to maintain the support.

Now, let's take a look at the 4-hour chart for more details. Each candle here represents 4 hours, which gives us a more detailed picture of price movements. We can see how Bitcoin fell through both zones.

It is also evident that Bitcoin has already unsuccessfully attempted to surpass the $57,000 mark, but there were too many sellers. Now we just have to wait and see what happens next.

Can Bitcoin stay above $56,000?
Finally, let's talk about the "last resort" mentioned earlier: the yellow line at $56,000. This line represents Bitcoin's higher low on the long term chart. As long as Bitcoin stays above this level, we continue to see higher highs and higher lows, indicating a bullish trend.

It is possible that the movement below the red zone is a "fakeout" and that Bitcoin may recover. If the daily chart long term remains positive, there is hope for further recovery. These long term charts are more important than the 4-hour charts.

However, if Bitcoin falls below the yellow line, it could be a worrisome sign, especially when combined with the loss of the 57,000 dollars zone. If BTC manages to recover and break above the middle zone, this could quickly turn into a very positive scenario. Keep an eye on price levels and market movements.

Bitcoin price forecast long term
What do we expect for the coming years, will Bitcoin rise or fall? Read below the long term forecast from the cryptocurrency analysis company DigitalCoinPrice.

How much will Bitcoin be worth in 2024?
According to analysts, Bitcoin resumes its activity in 2024. BTC is on the right track, closing this year at a price of 118,458.39 €.

How much will Bitcoin be worth in 2025?
Analysts expect the price to move towards €116,193.75 in July 2025, but the big question is whether this trend will hold. In December 2025, the price is expected to reach €138,875.11.

How much will Bitcoin cost in 2026 and 2027?
Step by step, Bitcoin will begin to rise. At the end of 2026, a price forecast of €197,249.42 is expected. In July 2027, we will approach €207,868.23 and at the end of 2027 a price of €247,996.55 is expected.

How much will Bitcoin be worth in 2030?
Although the profits are becoming less spectacular, analysts continue to expect great years for Bitcoin. By 2030, it is expected that the price will reach €364,784.27 in July 2030 and by the end of the year it will approach €404,468.47.

Source
Daniel Ramirez