Bitcoin (BTC) Price Prediction 2023-2030: Will BTC Price Hit $ 40,000 Soon?

Bits Logics Team . 31st Aug 2023
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  • Bullish Bitcoin (BTC) price prediction ranges from $30,000 to $42,000.
  • Analysis suggests that the KMD price might reach above $41,300.
  • The KMD bearish market price prediction for 2023 is $16,320.

Bitcoin (BTC) Price Prediction 2023-2030 Overview

YearMinimum PriceAverage PriceMaximum Price
2023$35,000$41,300$45,000
2024$40,000$50,360$60,000
2025$85,000$105,000$120,000
2026$60,000$71,200$80,000
2027$75,000$88,000$95,000
2028$85,000$98,050$125,000
2029$130,000$160,000$190,000
2030$120,000$149,770$175,000
2040$250,000$305,198$350,000
2050$350,000$456,974$550,000

What is Bitcoin?

Bitcoin is the first decentralized, peer-to-peer digital currency. One of its most important functions is that it is used as a decentralized store of value. In other words, it provides for ownership rights as a physical asset or as a unit of account.

Bitcoin facilitates peer-to-peer online transactions without the interference of an intermediary.

Bitcoin was created, according to Nakamoto’s own words, to allow “online payments to be sent directly from one party to another without going through a financial institution.” It was launched soon after, in January 2009.

Interestingly, the smallest units of Bitcoin, 0.00000001 BTC, are called Satoshis (or Sats in short), in a nod to the pseudonymous creator. At Bitcoin price now, 1 Satoshi is equivalent to roughly $0.00048.

Bitcoin (BTC) Market Overview

Bitcoin (BTC) Current Market Status

The maximum supply of Bitcoin (BTC) is 21,000,000 BTC, while its circulating supply is 19,472,306 BTC, according to CoinMarketCap. At the time of writing, Bitcoin is trading at $27,306.14 representing 24 hours increase of 3.02%. The trading volume of Bitcoin in the past 24 hours is $14,053,658,692 which represents a 55.14% decrease.

Some top cryptocurrency exchanges for trading Bitcoin are Binance, Coinbase Pro, OKEx, Kraken, Huobi Global, and Bitfinex. 

Now that you know Bitcoin and its current market status, we shall discuss the price analysis of  Bitcoin BTC for 2023.

Bitcoin (BTC) Price Analysis 2023

When looking at the chart above we can see that BTC from July onwards BTC has been moving sideways. Currently, after touching the lower Bollinger band, BTC is now near the SMA. However, there seems to be selling pressure building up for BTC at the SMA. As such Bitcoin may rebound off of the SMA and travel towards the lower Bollinger band. 

When considering the RSI, it reads a value of 46 and the line seems to be moving in the downward direction. If the buyers don’t step in and the RSI keeps moving in the same direction, then it may reach the oversold region. However, since the RSI is neither overbought nor oversold, we could say that the trend for BTC is strong. 

Additionally, when taking a look at the Elder Force Index which measures the direction of the price change, the extent of the price change, and the force behind it with the volume, we can see some details. The EFI line reads a value of 6.198M seems to be heading towards the zero line. However, when the buyers step into the market, the price change will be high and the volume behind it will also be massive. As such the EFI could increase in the future.

Bitcoin (BTC) Price Prediction 2023

When looking at the chart above, we can see that BTC’s increment in prices has been dwindling. Moreover, the second fib retracement level from the right shows that the increment in price has decreased. Moreover, the white line drawn shows how the gradient of BTC has reduced.  Hence, if BTC was to increase in price then could expect Bitcoin to reach above $31,500. However, with the BTC halving coming around the corner, there is a high chance that buyers will start accumulating BTC. 

If the above-mentioned scenario comes to reality, then the price of BTC could reach $41,300. However, the formation of red candlesticks in the market suggests that the number of sellers may be increasing. In the event that sellers increase, then BTC may be looking at landing on $20,185. If the bears are too powerful for $20,185, then BTC could land on $16,320. 

Bitcoin (BTC) Price Prediction 2024 

As there will be Bitcoin halving in 2024, the masses will expect a positive trend in the market and there is a high chance that investors could accumulate more of the coin. However, the year of BTC halving didn’t yield the maximum spike for BTC. Hence, BTC could trade at a price, not below $50,360 by the end of 2024.

Bitcoin (BTC) Price Prediction 2025

Bitcoin may harvest the after-effects of the Bitcoin halving and is intuitively expected to trade much higher than its 2024 price. Many trade analysts speculate that BTC halving could create a huge impact on the crypto market. Moreover, BTC will continue to rise in 2025 forming new resistance levels. It is expected that BTC will trade beyond the $105,000 level.

Bitcoin (BTC) Price Prediction 2026

After a long period of bull run, the market may start to correct the price of BTC. During this period there could be a bearish sentiment, as such BTC could tumble into its support regions. During this period of price correction, BTC could lose momentum and be way below its 2025 price. As such, it could be trading at $71,200 by 2026. 

Bitcoin (BTC) Price Prediction 2027

There is a tendency for traders to expect a bullish market sentiment after the crypto industry was affected negatively by the bears’ claw. Moreover, the build-up to the next Bitcoin halving in 2028 could evoke excitement in traders. As such, this excitement may be reciprocated in BTC’s prices and we could expect Bitcoin to trade at around $88,000 by the end of 2027. 

Bitcoin (BTC) Price Prediction 2028

As the crypto community’s hope will be re-ignited looking forward to Bitcoin halving, there will be a positive sentiment in the market. As such, this may be reflected in the price of BTC. Hence, BTC would be trading at $98,050 after experiencing a considerable surge by the end of 2028. 

Bitcoin (BTC) Price Prediction 2029

2029 is expected to be another bull market as the BTC halving takes effect. In tandem with the stable market sentiment, BTC could be trading at $160,000 by the end of 2029.

Bitcoin (BTC) Price Prediction 2030

After witnessing a bullish run in the market, BTC and many altcoins would show signs of consolidation and might trade sideways and move downwards for some time while experiencing minor spikes. Therefore, by the end of 2030, BTC could be trading at $149,770.

Bitcoin (BTC) Price Prediction 2040

The long-term forecast for BTC  indicates that it has the potential to reach a new all-time high(ATH). As this will be the year of BTC halving people would be excited and the buyers would be accumulating BTC. Hence, the price of BTC could be $305,198. 

Bitcoin (BTC) Price Prediction 2050

Since Cryptocurrency will be revered and widely accepted by most people during the 2050s, we will see the masses believe more in it. As such BTC could reach $456,974.

Key Takeaways

If investors continue showing their interest in BTC and add these tokens to their portfolio, it could continue to rise. BTC’s bullish price prediction shows that it could reach the $41,300 level. 

FAQs

What is Bitcoin (BTC)?

Bitcoin is the first decentralized, peer-to-peer digital currency.

Can Bitcoin reach $41,300 soon?

Bitcoin is one of the few cryptocurrencies that has retained its bullish momentum in the past seven days. If this momentum is maintained, Bitcoin might reach $41,300 soon.

What is the present all-time low price of Bitcoin?

Bitcoin has a present all-time low price of $0.04865.

Where do I store Bitcoin?

Bitcoin can be stored in a cold wallet, hot wallet, or exchange wallet.

What will be the Bitcoin (BTC) price in 2024?

Bitcoin is expected to reach $50,360 by 2024.

What will be the Bitcoin (BTC) price in 2025? 

Bitcoin is expected to reach $105,000 by 2025.

What will be the Bitcoin BTC price in 2026?

Bitcoin is expected to reach $71,200 by 2026.

What will be the Bitcoin (BTC) price in 2027?

Bitcoin is expected to reach $88,000 by 2027.

What will be the Bitcoin (BTC) price in 2028?

Bitcoin is expected to reach $98,050 by 2028.

What will be the Bitcoin (BTC) price in 2029?

Bitcoin is expected to reach $160,000 by 2029.

What will be the Bitcoin (BTC) price in 2030?

Bitcoin is expected to reach $149,770 by 2030.

What will be the Bitcoin (BTC) price in 2040?

Bitcoin is expected to reach $305,198 by 2040.

What will be the Bitcoin (BTC) price in 2050?

Bitcoin is expected to reach $456,974 by 2050.


Disclaimer: The views and opinions, as well as all the information shared in this price prediction, are published in good faith. Readers must do their research and due diligence. Any action taken by the reader is strictly at their own risk. Bits L and its affiliates will not be held liable for any direct or indirect damage or loss.