Bitcoin
Price Prediction
Bitcoin, BTC could hit $157488.77 in 2024
Bitcoin’s price prediction for the most bearish scenario will value BTC at $50557.60 in 2024.
Bitcoin’s previous All Time High was on 14 March 2024 where BTC was priced at $73,738.
Bitcoin’s price at the same time last week was $71420.03. It has moved by -6.87 % in the past week and is currently at $63,197. Infact, in the past 24 hours, BTC has dumped by -3.09 %. There is a slight bearish sentiment in the crypto market. The long term sentiment, however, remains bullish and BTC could hit $321015.88 in 2025.
The total circulating supply of Bitcoin as of writing this article was $19,661,468 and the marketcap of BTC remains at $1,240,064,161,411
Disclaimer
For some coins with little to no data points and inexistent historical data the model by default will show a positive price prediction. There is no way for our AI bot to decipher whitepaper, tokenomics and team integrity. The coin's price that you are about to see below can fall drastically depending on many factors, so please invest wisely after checking the team and project's whitepaper. This current price prediction is done by a machine crunching numbers and the model is still in the early beta stages. It should strictly not be taken as an investment advice. Although the best engineers are currently tweaking and updating the algorithm, no human has verified the price predicted below, so please use your discretion and make a decision wisely.
BTC price prediction: Key highlights
1. Primary support and resistance levels
- Our analysis of the weekly time frame revealed$40,000 to be the lowest probable support for BTC in 2024.
- As the king coin ascends, it might face its highest resistance around$69,000to $70,000.
2. Market sentiment
- In March 2024, Bitcoin wasoverbought amid a highlybullish market.
3. Predictive forecasts
- Our AI/ML predictive models forecast that Bitcoin will be traded at an average price of over$86,000in 2025 and over$310,000 in 2035
Given below is a comprehensive weekly technical analysis of BTC, followed by coming days of the month, upcoming months, and yearly forecast tables derived from our AI/ML-based predictive models:
BTC technical analysis: Record highs on the horizon
In 2023,BTC demonstrated a remarkablerecovery from its lows in 2022, showcasing a year of significant volatility and growth.This year, the king coin is experiencing a massivebull run.Many analysts anticipate theBitcoin price prediction for 2024 will be monumental as the price can achieve record-breaking levels.
The period under review started with a notable price surge inmid-March that allowed the cryptocurrency to surpass the resistance level at$25,000, subsequently claiming it as new support.
This upward momentum continued, with the price reaching the resistance at $30,000 in April. However, this led to a slightrejection, and the priceretracted to its support. This pattern repeated in mid-June when the coin's retest of the resistance led to subsequent declines. By mid-July, the price started to drop, eventually falling back to$25,000 by mid-August.
It wasn't until the end of October that BTC finally broke through this resistance.Continuing this rally, the price successfully claimed$40,000 as support by December. After this, the price consolidated between this support and the resistance at$45,000.
In February, BTC experienced a significant bullish breakout that saw the cryptocurrency surge through the $45,000barrier for the first time since April 2022. As the month progressed, bullish momentum intensified, with the$52,000resistance level vigorously tested by bulls.
By the end of February, this resistance was successfully converted into a support level, highlighting the strength of the rally. Concurrently, Bitcoin's market capitalization reclaimed the$1 trillion mark.
The uptrend carried into March, and Bitcoin hit$69,000 on March 5, surpassing its previous all-time high (ATH) on platforms likeBitstamp andCoinbase. However, aretracementoccurred, with prices dropping as low as$61,000by afternoon, as reported byCoinMarketCap. Despite thispullback, BTC managed to recover some ground, closing at$67,130 at the time of writing, marking an approximate increase of1% over the last 24 hours.
The retracement marked a15% decrease from peak to trough this week. This was the second significant drawdown since theexchange-traded fund (ETF)launch, with the earlier drawdown being20%. While notable, this post-ETF decline was considered a necessary adjustment for Bitcoin's price to accelerate its growth.
In light of historical trends that forecast drawdowns exceeding30%in previous cycles, the recent attainment of an ATH prior to thehalving contradicts established norms. Moreover, with the Bitcoin supply anticipated tohalve in under 50 days, there's a noticeable shift in the market dynamics.
The sentiment within the cryptocurrency industry is increasingly bullish, as a number of experts have begun to forecast significantly higher valuations for Bitcoin in the near future. These predictions suggest that Bitcoin could escalate to monumental price points of$100,000 to$150,000. This optimistic outlook hinges on Bitcoin's ability to push past a critical threshold of$69,000 to$70,000.
Despite thesebullish forecasts, the potential for a continueddowntrend is scrutinized amidst concerns of an overvaluedmarket. A correction or consolidation could see Bitcoin's value dropping to between$40,000 and$50,000.Such a scenario would likely be temporary, paving the way for Bitcoin to rebound and attain new heights.
Market dynamics are further complicated by the liquidation thresholds for long and short positions. Approximately$2.2 billion worth of long positions are at risk of liquidation if prices fall to$63,200. At the same time,$2.4 billion in short positions could be liquidated if the price rises to$70,000. These thresholds could either amplifyselling pressure or trigger a short squeeze, potentially leading to significant pricevolatility.
Based on the future predictions from our predictive models, BTC is forecasted to experience a significant increase in value. In the upcoming year, it is anticipated that the coin will trade at an average price exceeding$86,000. Looking ahead, the projections become even more striking.
By the year 2035, our models predict that the average price of Bitcoin will exceed$310,000. This long-term forecast highlights the expected continued growth and adoption of Bitcoin as a majordigital asset in the financial landscape.
BTC's 2024 roadmap: Key indicators to watch and trade
- The Relative Strength Index (RSI) generally remainedbullish. In mid-August, there was a temporary dip below 50, but it recovered by the end of September.
- By the end of October, the RSI moved into theoverbought region. However, in January, a minor price drop caused the RSI to move below this region and remain there for most of the month. In February, the RSI resumed its upward trajectory, reaching a high value of87.65 at the time of writing. This suggested the asset was overbought, increasing the risk of a price correction.
- The Chaikin Money Flow (CMF) followed a comparable pattern. Its peak value was recorded in mid-July at 0.41. The indicator dipped into the negative territory between August and mid-October before turning positive again.
- It has been trending higher since then, standing at0.29. This reflected strongbuying pressureandaccumulation.
- The trading volume was significantlylowercompared to 2022. With93.56% of Bitcoin's total supply already in circulation, a substantial portion of the market is holding onto their assets.
Bitcoin Price Prediction
Bitcoin has had an eventful 2023. To simplify the latest BTC price prediction, we have divided up the prediction by short term Bitcoin price prediction and long term Bitcoin price prediction. As of writing this article, BTC had a trading volume of 40,961,060,615. Bitcoin has gone up by 24.07% in the past 30 days.
According to our analysis in the short term, Bitcoin price prediction for May 2024 shows the average price of BTC at 86670.88 and the highest possible price for May 2024 would be $92737.84.
Further, according to our analysis in the long term, Bitcoin price prediction for September 2024 shows the average price of BTC at 108955.76 and the highest possible price for September 2024 would be $116582.67.
Bitcoin's Short Term Price Prediction
| Date | Avg Price | Lowest Price | Highest Price |
| 23 March 2024 | $67815.98 | $63068.87 | $72563.10 |
| 24 March 2024 | $67008.50 | $62317.91 | $71699.10 |
| 25 March 2024 | $66384.91 | $61737.96 | $71031.85 |
| 26 March 2024 | $68325.50 | $63542.72 | $73108.29 |
| 31 March 2024 | $69840.29 | $64951.47 | $74729.11 |
| 5 April 2024 | $72036.16 | $66993.63 | $77078.70 |
| 15 April 2024 | $78634.01 | $73129.63 | $84138.39 |
| May 2024 | $86670.88 | $80603.92 | $92737.84 |
| June 2024 | $92242.10 | $85785.16 | $98699.05 |
| July 2024 | $97813.32 | $90966.39 | $104660.26 |
| August 2024 | $103384.54 | $96147.63 | $110621.46 |
| September 2024 | $108955.76 | $101328.86 | $116582.67 |
| October 2024 | $114526.98 | $106510.10 | $122543.87 |
| November 2024 | $120098.20 | $111691.33 | $128505.08 |
| December 2024 | $125669.43 | $116872.57 | $134466.28 |
Bitcoin price prediction 23 March 2024: Bitcoin's price for 23 March 2024 according to our analysis should range between $63068.87 to $72563.10 and the average price of BTC should be around $67815.98.
Bitcoin price prediction 24 March 2024: Bitcoin's price for 24 March 2024 according to our analysis should range between $62317.91 to $71699.10 and the average price of BTC should be around $67008.50.
Bitcoin price prediction 25 March 2024: Bitcoin's price for 25 March 2024 according to our analysis should range between $61737.96 to $71031.85 and the average price of BTC should be around $66384.91.
Bitcoin price prediction 26 March 2024: Bitcoin's price for 26 March 2024 according to our analysis should range between $63542.72 to $73108.29 and the average price of BTC should be around $68325.50.
Bitcoin price prediction 31 March 2024: Bitcoin's price for 31 March 2024 according to our analysis should range between $64951.47 to $74729.11 and the average price of BTC should be around $69840.29.
Bitcoin price prediction 5 April 2024: Bitcoin's price for 5 April 2024 according to our analysis should range between $66993.63 to $77078.70 and the average price of BTC should be around $72036.16.
Bitcoin price prediction 15 April 2024: Bitcoin's price for 15 April 2024 according to our analysis should range between $73129.63 to $84138.39 and the average price of BTC should be around $78634.01.
Bitcoin price prediction May 2024: Bitcoin's price for May 2024 according to our analysis should range between $80603.92 to $92737.84 and the average price of BTC should be around $86670.88.
Bitcoin price prediction June 2024: Bitcoin's price for June 2024 according to our analysis should range between $85785.16 to $98699.05 and the average price of BTC should be around $92242.10.
Bitcoin price prediction July 2024: Bitcoin's price for July 2024 according to our analysis should range between $90966.39 to $104660.26 and the average price of BTC should be around $97813.32.
Bitcoin price prediction August 2024: Bitcoin's price for August 2024 according to our analysis should range between $96147.63 to $110621.46 and the average price of BTC should be around $103384.54.
Bitcoin price prediction September 2024: Bitcoin's price for September 2024 according to our analysis should range between $101328.86 to $116582.67 and the average price of BTC should be around $108955.76.
Bitcoin price prediction October 2024: Bitcoin's price for October 2024 according to our analysis should range between $106510.10 to $122543.87 and the average price of BTC should be around $114526.98.
Bitcoin price prediction November 2024: Bitcoin's price for November 2024 according to our analysis should range between $111691.33 to $128505.08 and the average price of BTC should be around $120098.20.
Bitcoin price prediction December 2024: Bitcoin's price for December 2024 according to our analysis should range between $116872.57 to $134466.28 and the average price of BTC should be around $125669.43.
Bitcoin's Long Term Price Prediction
Bitcoin’s long term Price Prediction below is a look at BTC’s future prospect with regards to price. Bitcoin was last seen at $63,197, with a market cap of $1,240,064,161,411 and trading volumes of $40,961,060,615. BTC’s price prediction is possible by analyzing historical price action, current developments and social sentiment from the community.
| Years | Avg Price | Lowest Price | Highest Price |
| 2024 | $131240.65 | $104992.52 | $157488.77 |
| 2025 | $267513.23 | $214010.59 | $321015.88 |
| 2026 | $545283.28 | $436226.63 | $654339.94 |
| 2027 | $1111473.46 | $889178.77 | $1333768.15 |
| 2028 | $2265562.31 | $1812449.85 | $2718674.77 |
| 2029 | $4617989.32 | $3694391.46 | $5541587.18 |
| 2030 | $9413038.55 | $7530430.84 | $11295646.26 |
| 2031 | $19186985.63 | $15349588.51 | $23024382.76 |
| 2032 | $39109626.06 | $31287700.85 | $46931551.27 |
| 2033 | $79718767.69 | $63775014.15 | $95662521.23 |
| 2035 | $331218360.36 | $264974688.29 | $397462032.44 |
Bitcoin price prediction 2024: Bitcoin's price for 2024 according to our analysis should range between $104992.52 to $157488.77 and the average price of BTC should be around $131240.65.
Bitcoin price prediction 2025: Bitcoin's price for 2025 according to our analysis should range between $214010.59 to $321015.88 and the average price of BTC should be around $267513.23.
Bitcoin price prediction 2026: Bitcoin's price for 2026 according to our analysis should range between $436226.63 to $654339.94 and the average price of BTC should be around $545283.28.
Bitcoin price prediction 2027: Bitcoin's price for 2027 according to our analysis should range between $889178.77 to $1333768.15 and the average price of BTC should be around $1111473.46.
Bitcoin price prediction 2028: Bitcoin's price for 2028 according to our analysis should range between $1812449.85 to $2718674.77 and the average price of BTC should be around $2265562.31.
Bitcoin price prediction 2029: Bitcoin's price for 2029 according to our analysis should range between $3694391.46 to $5541587.18 and the average price of BTC should be around $4617989.32.
Bitcoin price prediction 2030: Bitcoin's price for 2030 according to our analysis should range between $7530430.84 to $11295646.26 and the average price of BTC should be around $9413038.55.
Bitcoin price prediction 2031: Bitcoin's price for 2031 according to our analysis should range between $15349588.51 to $23024382.76 and the average price of BTC should be around $19186985.63.
Bitcoin price prediction 2032: Bitcoin's price for 2032 according to our analysis should range between $31287700.85 to $46931551.27 and the average price of BTC should be around $39109626.06.
Bitcoin price prediction 2033: Bitcoin's price for 2033 according to our analysis should range between $63775014.15 to $95662521.23 and the average price of BTC should be around $79718767.69.
Bitcoin price prediction 2035: Bitcoin's price for 2035 according to our analysis should range between $264974688.29 to $397462032.44 and the average price of BTC should be around $331218360.36.
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A Historical look at Bitcoin, BTC’s price
BTC/USD Pair
BTC
USD
22 March 2021
57573.54
BTC
USD
22 March 2022
41061.82
71.32
BTC
USD
22 March 2023
28264.24
68.83
22 March 2024
63,197
223.59
BTC/Euro Pair
BTC
EUR
22 March 2021
48446.46
BTC
EUR
22 March 2022
37265.16
76.92
BTC
EUR
22 March 2023
26238.17
70.41
BTC
EUR
22 March 2024
58,280
222.12
FAQs about Bitcoin
What is the price of Bitcoin as of today 22 March 2024?
Bitcoin’s current price is $63,197 and witnessed a -3.09% decrease in the past 24 hours. BTC/BTC pair saw a 0% increase in the past 24 hours
Is BTC a good investment?
Investing in Bitcoin, BTC will purely depend on your personal risk appetite. As you can see over the past 24 hours Bitcoin’s price has witnessed a -3.09% decrease and over the past 30 days Bitcoin has increase by 24.07%. So it all depends on if this investment will hit your trading goals.
How high can Bitcoin’s price go this year in 2024?
According to our latest Bitcoin Price prediction for 2024, BTC should vary between $157488.77 and $104992.52. Please keep in mind that the crypto market is very volatile and this Bitcoin price prediction does not account for extreme wild swings in price.
How much will the Bitcoin be worth in 2024 ?
As per the Bitcoin price prediction 2024 model above, BTC’s price for March 2024 should range between $104992.52 to $157488.77 with the average price for March being $131240.65
How much will Bitcoin be worth in 2025?
According to the Bitcoin Price Prediction model above, BTC’s price in 2025 would be $267513.23. This price would however would range from $321015.88 and $214010.59.
How much will Bitcoin be worth in 2026?
According to the Bitcoin Price Prediction model above, BTC’s price in 2026 would be $545283.28. This price would however would range from $654339.94 and $436226.63.
How much will Bitcoin be worth in 2027?
According to the Bitcoin Price Prediction model above, BTC’s price in 2027 would be $1111473.46. This price would however would range from $1333768.15 and $889178.77.
How much will Bitcoin be worth in 2028?
According to the Bitcoin Price Prediction model above, BTC’s price in 2028 would be $2265562.31. This price would however would range from $2718674.77 and $1812449.85.
How much will Bitcoin be worth in 2029?
According to the Bitcoin Price Prediction model above, BTC’s price in 2029 would be $4617989.32. This price would however would range from $5541587.18 and $3694391.46.
How much will Bitcoin be worth in 2030?
According to the Bitcoin Price Prediction model above, BTC’s price in 2030 would be $9413038.55. This price would however would range from $11295646.26 and $7530430.84.
How much will Bitcoin be worth in 2031?
According to the Bitcoin Price Prediction model above, BTC’s price in 2031 would be $19186985.63. This price would however would range from $23024382.76 and $15349588.51.
How much will Bitcoin be worth in 2032?
According to the Bitcoin Price Prediction model above, BTC’s price in 2032 would be $39109626.06. This price would however would range from $46931551.27 and $31287700.85.
How much will Bitcoin be worth in 2033?
According to the Bitcoin Price Prediction model above, BTC’s price in 2033 would be $79718767.69. This price would however would range from $95662521.23 and $63775014.15.
How much will Bitcoin be worth in 2035?
According to the Bitcoin Price Prediction model above, BTC’s price in 2035 would be $331218360.36. This price would however would range from $397462032.44 and $264974688.29.
What was the highest price of Bitcoin?
The highest price for Bitcoin was recorded in 14 March 2024 during which BTC hit an All Time High of $73,738
What is the price of 1 Bitcoin?
The price of 1 Bitcoin according to current market rate is $63,197
