Bitcoin Price Prediction 2022-2031: Will Bitcoin Bulls Rally?
BTC Price Predictions 2022-2031
BTC Price Prediction 2022 – up to $23,551.10
BTC Price Prediction 2025 – up to $53,812.86
BTC Price Prediction 2028 – up to $74,606.59
BTC Price Prediction 2031 – up to $135,845.67
Experts say that with no end to the cryptocurrency price seesaw, the war, inflation, and shifting monetary policy in the U.S. will likely continue to drive more volatility in the coming weeks and months. With LUNA crashing some months back, speculations were ripe on Bitcoin soon being banned in places where it had already gained some form of acceptance. This Bitcoin Price Prediction intends to shed a light into the long tunnel of crypto winter.
Launched over ten years ago in 2009, Bitcoin is a virtual currency powered by blockchain technology. Satoshi Nakamoto created the coin to overcome the shortcomings of government-issued currencies without requiring a controlling authority. Bitcoin acts as a store of value and a payment method for any transaction process in the markets.
The price of Bitcoin has fallen by over 12% in the past week and 28.60% over the past three (3) months, pulling the coin’s value to as low as $18,763. In the short term, Bitcoin has broken through the floor of a rising trend channel. This indicates a slower rising rate at first or the start of more horizontal development. The currency is testing resistance at $21,300. This could give an adverse reaction, but an upward breakthrough of $21,300 means a positive signal. Volume tops and volume bottoms correspond well with tops and bottoms in the price. The currency is overall assessed as technically neutral for the short term.
According to expectations, BTC prices could rise long-term and hit hundreds of thousands. This rise could happen eventually, as, only in November 2021, the price change of one BTC increased significantly, leading to its all-time high of $68,789.63.
Today’s Bitcoin price is $19,093.25 with a 24-hour trading volume of $23,916,767,106. Bitcoin is down 0.47% in the last 24 hours. The current CoinMarketCap ranking is #1, with a live market cap of $366,298,429,577. It has a circulating supply of 19,184,712 BTC coins and a max. supply of 21,000,000 BTC coins.
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What is Bitcoin?
Launched in 2009, Bitcoin is a decentralized digital currency powered by blockchain technology. Satoshi Nakamoto created the coin to overcome the shortcomings of government-issued currencies without requiring a controlling authority.
Bitcoin (BTC) was created out of the need for a cryptography-based e-payment system rather than the conventional trust-based system. The cryptocurrency acts as a store of value and a payment method for any transaction process in the crypto space. It is often dubbed “digital gold.”
Bitcoin’s current cryptography is based on an impenetrable algorithm (SHA-256) designed by the United States National Security Agency (NSA) in 2016, after the collapse of the SHA-1 algorithm. This algorithm makes it impossible to crack the Bitcoin network.
Since the launch of Bitcoin in 2009, its value has risen dramatically, from less than 0.01 USD in May 2010 to over 67,000 USD in November 2021. Bitcoin is expected to attain newer feats in the coming years as more institutional investors and traders continue to turn to cryptocurrency.
What Influences Bitcoin’s Price?
Several factors are responsible for the price movement of cryptocurrencies. These price-determining factors include demand and supply, investor sentiments, availability, economic cycles, adoption rate, functionality, governance & forks, regulations, news, etc. Although Bitcoin is a mainstream digital currency, its price movement is also subject to these factors, as with other currencies.
For instance, the 24 February 2022 sell-off was sparked by Russia’s invasion of Ukraine, which also saw global stocks fall sharply. Bitcoin has been correlated with other risk assets like stocks for several months. More institutional investors get involved, and short-term investors who trade bitcoin like other risk equities have entered the market.
Recently, Bitcoin bottomed at $17,708 (its 52-week low) on June 18, 2022, due to the news about several exchanges, lending pools, and other cryptocurrency companies battling liquidity problems.
Celsius, a DeFi platform and top crypto lender was the source of negative market sentiments in the middle of June 2022. The platform announced that it had paused swaps, withdrawals, and transfers between accounts due to the extreme crypto market conditions – this has been the status quo since June 13.
Three arrows capital (3AC) is another firm that was plunged into bankruptcy because of the meltdown of TerraUSD/LUNA and liquidations by Voyager, Celsius, and BlockFi. Consequently, Bitcoin dipped by about 68% from its current all-time high, affirming the effect of investor sentiments, news, demand, supply, etc.
Bitcoin Challenges
Despite its success, Bitcoin has faced several criticisms, especially its energy-hungry mining system. According to an energy consumption tracker developed by the University of Cambridge, Bitcoin mining was estimated to consume 100 TWh per year, about one-third of the UK’s total energy consumption in 2016.
In addition, BTC’s criminality potential has positioned it for more scrutiny, as it has facilitated numerous dark web dealings, such as acquiring illegal weapons, money laundering, etc.
The most significant and long-standing challenge of Bitcoin is scalability. Bitcoin’s underlying technology limits its performance in terms of transaction completion timeframe, with an insufficient capacity of 3-7 TPS. As more transactions are initiated on the network, processing delays will surface. Several proposals have been put forward to nip this concern in the bud, but a favorable long-term fix remains unclear.
Bitcoin Price Overview
Bitcoin has had a sustained bearish run in the past few months, with its value dipping to as low as $17,708. With the current series of events in the market, especially the collapse of LUNA/TerraUST and the liquidity issues befalling lending pools and crypto companies, traders and investors alike have been forced to dump their positions.
At the time of writing, Bitcoin is trading at $21,472.12, a loss in value of about 68% from its current ATH of $68,789.63. The 24-hour trading range of Bitcoin is $20.95k to $21.64k. The leading crypto has been fluctuating near the $22,000 mark over the past week as many financial markets and the crypto space struggle to regain upward momentum.
Will Bitcoin survive the current onslaught? Have we seen the bottom already, or there’s more to come below $17K? It remains to be seen where the market goes from here and if this is the right time to invest in Bitcoin long–term or sell short for profits.
Bitcoin Technical Analysis
As seen on the chart, Bitcoin shows weak development in a falling trend channel in the short term. This signals increasing pessimism among investors and indicates the potential for a further decline in the market value of Bitcoin. The digital currency is approaching support at $18,700, which may give a positive reaction. However, a break downward through the support level at $18,700 will be a negative signal. BTC Volume has previously been high at price tops and low at price bottoms, which weakens the falling trend and could be an early signal of a coming trend break. For short-term investors, BTC is considered technically negative.
Bitcoin is in a falling trend channel in the long term, which shows that investors have sold at lower prices to liquidate their BTC positions over time, and indicates negative development for the currency. BTC gives a negative signal from the head and shoulders formation by the breakdown through the support at $31,687. Further fall to $17,599 or lower is signaled. Bitcoin has support at $10,000 and resistance at $29,000.
Bitcoin Price Predictions by Cryptopolitan
| Year | Minimum Price ($) | Average Price ($) | Maximum Price ($) |
| 2022 | 16,470.23 | 19,897.70 | 23,551.10 |
| 2023 | 28,630.05 | 31,686.09 | 34,680.19 |
| 2024 | 37,802.98 | 41,084.00 | 44,418.25 |
| 2025 | 46,710.58 | 50,178.26 | 53,812.86 |
| 2026 | 50,138.76 | 53,383.85 | 56,886.39 |
| 2027 | 56,891.39 | 60,353.78 | 63,807.40 |
| 2028 | 67,175.76 | 70,854.67 | 74,606.59 |
| 2029 | 82,084.78 | 85,900.60 | 89,803.79 |
| 2030 | 102,212.95 | 106,018.12 | 110,125.36 |
| 2031 | 127,908.34 | 131,840.40 | 135,845.67 |
Bitcoin Price Prediction 2022
According to our Bitcoin price prediction 2022, BTC is expected to close the year with a maximum price of $23.551.10. Our projections indicate that Bitcoin will trade at minimum and average prices of $16,470.23 and $19,897.70, respectively. These market prices could occur as Bitcoin appears to be currently gathering momentum for a market recovery following the drastic price fall earlier in June.
Bitcoin Price Prediction 2023
Our Bitcoin price prediction 2023 suggests that BTC will record steady price gains attaining a maximum price of $34,680.19. BTC Investors should also anticipate an average price of $31,686.09 and a minimum market price of $28,630.05. Suppose there is a surge in Bitcoin’s liquidity level on cryptocurrency exchanges; this could significantly contribute to these market prices.
Bitcoin Price Prediction 2024
Per our Bitcoin price prediction 2024, BTC will rise in value, hitting a maximum price of $44,418.25. The digital coin is expected to have a minimum price of $37,802.98, while its average trading price could be around $41,084.00.
Bitcoin Price Prediction 2025
According to our Bitcoin price prediction 2025, BTC will attain trade as high as $53,812.86. We also forecast a minimum price of $46,710.58 and an average price of $50,178.26. By 2025, the Bitcoin network could be operating with a higher level of scalability, leading to an increase in adoption and market prices.
Bitcoin Price Prediction 2026
Our Bitcoin price prediction 2026 indicates a BTC price rise to a maximum value of $56,886.39. Investors should also expect a minimum price of $50,138.76, leading to an average market price of $53,383.85.
Bitcoin Price Prediction 2027
According to our Bitcoin price prediction 2027, BTC will trade at a maximum price of $63,807.40, representing a plausible 232.72% gain on the current Bitcoin price. Our price forecasts also suggest that BTC will have minimum and average prices of $56,891.39 and $60,353.78, respectively.
Bitcoin Price Prediction 2028
Per our Bitcoin price prediction 2028, BTC could surpass its all-time high value($69,045.00), hitting a maximum price of $74,606.59. This digital asset is not expected to trade lower than $67,175.76 while maintaining an average price of $70,854.67. With its ever-rising adoption level, Bitcoin will likely welcome more investments from venture firms and traditional investment banks in the future, resulting in these market prices.
Bitcoin (BTC) Price Prediction 2029
Our Bitcoin price prediction 2029 indicates the BTC market will record more gains than losses leading to a maximum market price of $89,803.79. We also forecast a minimum price of $82,084.78 and an average market price of $85,900.60.
Bitcoin Price Prediction 2030
According to our Bitcoin price prediction 2030, BTC will trade at a maximum price of $110,125.36. The maiden crypto is expected to have a minimum price of $102,212.95 and an average price of $106,018.12. Suppose more governments set up a regulatory system for the cryptocurrency industry in the coming years. In that case, it could encourage the populace to invest more in these digital assets, including Bitcoin, leading to an increase in price.
Bitcoin Price Prediction 2031
According to our Bitcoin price prediction 2031, BTC will be valued at seven times its current market price, attaining a maximum price of $135,845.67. Investors could also anticipate a minimum price of 127,908.34, while the average market price would be around 131,840.40.
Bitcoin Price Predictions by WalletInvestor
Wallet Investor’s Bitcoin price forecast expects BTC to rise to a value of $25,101.65 in 2023 and $46,783.81 in 2027. Therefore, they consider depicting the asset as a good long-term investment. However, Wallet Investor also expects Bitcoin to show little price movement, for now, projecting a market price of $19,413.99 in the coming days.
Bitcoin Price Predictions by TradingBeasts
According to TradingBeasts, Bitcoin’s price will close 2022 with an average value of $18,938.173, a minimum price of $16,097.447, and a maximum market price of $23,672.716. They further predict BTC will start 2023 with a bearish run, trading as low as $16,033.293 in March. Thereafter, Bitcoin is expected to begin a market reversal, leading to minimum and maximum prices of $17,412.534 and $25,606.668, respectively, at the year’s end.
In 2024, TradingBeasts anticipates Bitcoin to maintain its upward trajectory, attaining an average price of $23,279.474 by mid-year, with an expected minimum price of $19,787.553. At the beginning of 2025, Bitcoin traders could expect a price range of $23,363.895-$34,358.670, indicating the bulls would still be in control of the market.
By the end of the year, TradingBeasts predicts Bitcoin to trade at a minimum price of $29,094.152, an average price of $34,228.415, and a maximum price of $42,785.718.
Bitcoin Price Predictions by Longforecast
According to Longforecast, Bitcoin will close 2022 trading between a price range of $17,779-$20,455, with a final market price of $19,117. Going into 2023, Longforecast price predictions indicate that BTC will undergo a massive devaluation throughout the year and close its annual trade at $9,635. In 2024, Longforecast anticipates Bitcoin to experience a market rebound, trading as high as $28,894 in November before closing the year at a market price of $21,294.
Longforecast price predictions for 2025 indicate that BTC will start the year with a stunning bullish run, hitting a maximum price of $33,797 by May. Thereafter, they expect the digital coin to plummet in value closing the year with a price range of $19,979-$24,867. According to their predictions for 2026, Longforecast expects Bitcoin to begin the year with a price surge, rising to a peak value of $33,123 by mid-year. The following month, Bitcoin could embark on a long bearish run leading to a minimum and maximum price of $18,659 and $21,467 by November, with a closing market price of $20,063.
Bitcoin Price Prediction by Market Experts
According to More Crypto Online, Bitcoin could experience lower prices and go all the way down to $18,500 if it fails to move above the $19,500 region. He also added that Ethereum seems like a more profitable option compared to Bitcoin.
The notion that #bitcoin isn’t good for anybody is unbelievable,” MicroStrategy’s Chairman said. Most public policy creates stagflation and there is little that you can do to change this. What you can do is buy #bitcoin and work hard to generate income so that you can #hodl [hold] until the rest of the world realizes that BTC is the best global store of value asset.
Billionaire Michael Saylor – bitcoin cryptocurrency evangelist
According to experts at The Times Money Mentor, “Bitcoin’s price is mostly speculative, and predicting its future worth exactly is almost impossible. Invariably, the price action of the asset will be driven by sentiments. However, if bitcoin price history is anything to go by, there are chances of a full recovery in the future. Bitcoin plummeted by 83% in 2018 before blazing to record highs in 2020 and 2021.”
They added that “there are no guarantees of the coin reaching $69,000 as seen in late 2021. Anyone currently invested in bitcoin might want to hold on to their hats for the time being. And for those awaiting a BTC quick bounce back, you might need to be very patient.”
According to a tweet from Kevin Svenson, a crypto market analyst, he exuded caution on a swift rebound in the market price of BTC. He went on to refer to the market downturn of 2018. Apparently, Bitcoin’s recovery to its ATHs in the short term could be an unrealistic ask.
Conclusion
As the crypto market leader, Bitcoin cryptocurrency is one digital asset with massive potential for mainstream adoption. Several businesses already accept Bitcoin as an alternative to fiat currencies, with the latest club member being the Spanish company Telefonica. The telecommunication giant recently partnered with cryptocurrency exchange Bit2Me to enable settlements in Bitcoin, among other cryptocurrencies.
According to our BTC price forecast, Bitcoin’s long-term prospects are looking good, with several possibilities of future price appreciation. Our expectations are also backed by Bitcoin price history. Bitcoin could be a significant portfolio addition for many investors in years to come. However, before you buy Bitcoin or any other cryptocurrency, do remember to perform your own research, taking into account all risks involved.
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