Key takeaways Bitcoin price faces consolidation around $94K. Our Bitcoin price prediction expects BTC’s price to reach $160K by the end of 2025 due to the bullish sentiment following the halving event. By 2031, BTC might touch $350,548 following increased institutional adoption. Bitcoin is trying hard to hold its momentum above $100K. This surge in value is partly attributed to the broader market response to Donald Trump’s election. Since the beginning of 2024, Bitcoin’s price has doubled, but it has seen a notable 45% increase in just the two weeks following the presidential election. This boost has solidified Bitcoin’s role in the so-called “Trump trade,” with the president-elect’s positive stance on the cryptocurrency industry fueling investor optimism about this emerging asset class. As Bitcoin on-chain activities surge, questions arise, such as: “Does Bitcoin have the potential of holding above the $100K mark?” or “Will Bitcoin go up?” or “Where will Bitcoin be in 5 years?” Let’s answer them using our Bitcoin price prediction. Overview Cryptocurrency Bitcoin Ticker BTC Price $93,713 Market Cap $1,238,914,422,643 Trading Volume $22,318,495,561 Circulating Supply 19,719,062 All-time High $103,900, December 5, 2024 All-time Low $0.04865, Jul 15, 2010 24-hour high $94,111 24-hour low $93,258 Bitcoin price prediction: Technical analysis Metric Value Current Price $ 93,713 Price Prediction $ 112,463 (19.91%) Fear & Greed Index 66 (Greed) Sentiment Neutral Volatility 3.39% Green Days 14/30 (47%) 50-Day SMA $ 95,668 200-Day SMA $ 71,732 14-Day RSI 44.14 Bitcoin price analysis TL;DR Breakdown: BTC price analysis shows a consolidation around $94K. Resistance for BTC is at $96,072. Support for BTC/USD is at $91,398. The BTC price analysis for 1 January confirms that Bitcoin is facing increased battle among buyers and sellers. Currently, the BTC price is aiming for consolidation below the $94K region. BTC price analysis 1-day chart: Bitcoin price struggles to hold above resistance Analyzing the daily Bitcoin price chart, we see that BTC’s price faces consolidation as it struggles to surge above $95K. In recent hours, the price of BTC faced multiple rejections to move above $96K. The 24-hour volume has surged to $19 million, raising interest in trading today. BTC is trading at $93,713, surging by over 0.5% in the last 24 hours. Bitcoin shows volatility The RSI-14 trend line has surged from its previous level but trades below the buying region at 44, hinting that a bearish pressure is on the edge. The SMA-14 level suggests volatility in the next few hours. BTC/USD 4-hour price chart: Bulls aim for an immediate correction The 4-hour Bitcoin price chart suggests that bulls are strengthening their position to hold the price above the EMA trend lines. Bulls are maintaining buying confidence as the BTC price aims for a retest of resistance. Bitcoin aims for immediate correction The BoP indicator trades in a bearish region at 0.9, showing that short-term sellers are taking a chance to accelerate a downward trend. However, the MACD trend line has formed green candles above the signal line and the indicator aims for a positive momentum, strengthening long-position holders’ confidence. Bitcoin technical indicators: Levels and action Daily simple moving average (SMA) Period Value Action SMA 3 $ 100,504 SELL SMA 5 $ 97,602 SELL SMA 10 $ 95,727 SELL SMA 21 $ 98,437 SELL SMA 50 $ 95,668 SELL SMA 100 $ 81,400 BUY SMA 200 $ 71,732 BUY Daily exponential moving average (EMA) Period Value Action EMA 3 $ 98,770 SELL EMA 5 $ 100,139 SELL EMA 10 $ 100,705 SELL EMA 21 $ 99,159 SELL EMA 50 $ 92,060 BUY EMA 100 $ 82,968 BUY EMA 200 $ 73,866 BUY What to expect from BTC price analysis next? The hourly price chart confirms that Bitcoin is attempting to drop below the immediate support line; however, bulls are eyeing a recovery rally in the coming hours. If BTC’s price holds momentum above $96,072, it will fuel a bullish rally to $100,597. BTC/USD chart If bulls fail to initiate a surge, the BTC price may drop below the immediate support line at $91,398, beginning a bearish trend to $87,318. Is Bitcoin a good investment? The rising institutional demand for Bitcoin makes it a good investment option. However, Bitcoin has a short investment history filled with very volatile prices. Whether it is a good investment depends on your financial profile, investment portfolio, risk tolerance, and investment goals. Why is Bitcoin down today? Following Donald Trump’s victory in the elections, Bitcoin faced increasing buying activity. However, in recent weeks, the price of BTC is dropping due to selling pressure from STHs around local top. Will BTC price reach $100K? Bitcoin price recently broke its much-anticipated mark of $100K, forming a new ATH. The price is currently aiming to maintain its buying demand above $100K. Will BTC reach $1 million? $1 Million is a significant milestone for the BTC price. However, it is achievable if Bitcoin continues to attract institutional interest in the coming years. Is Bitcoin a good long-term investment? As several institutions continue to accumulate BTC and Bitcoin faces a rise in global recognition, Bitcoin has a solid long-term future. Recent news/opinions on BTC SoSoValue data shows Bitcoin ETFs netted $5.32 million on Jan. 1, led by Fidelity’s Wise Origin Bitcoin Fund with $37 million in inflows. FBTC’s total assets stand at $18.9 billion, edging closer to the $20 billion mark. Bitcoin price prediction January 2025 December was a bullish month for Bitcoin, characterized by significant upswings. Will BTC price establish a new ATH in January 2025? Bitcoin’s price might attempt to surge toward $100,000 from its recent low and be pushed further, at least $108,000 if strong downward pressures are not seen. However, we might see a rejection on the bearish side, leading to a consolidation around $91K. Bitcoin Price Prediction Potential Low Potential Average Potential High Bitcoin Price Prediction January 2025 $91,000 $100,000 $108,000 Bitcoin price prediction 2025 Historically, Bitcoin has been a significant crypto coin in the year following a halving, and it is expected to push up its price. Bitcoin miners might play a crucial role in holding bullish sentiment for future price movements. Bitcoin spot ETFs are projected to be a key driver of Bitcoin prices and the broader cryptocurrency market in 2025. Furthermore, there is an increasing bullish sentiment that the base interest rates could be cut in the US, and thus, help to further the upward movement of Bitcoin . An outcome of which the 2025 year could be positive for Bitcoin, with its crypto-price perhaps touching $160,000 in the highest and the low could be around $95,000. Bitcoin Price Prediction Potential Low Potential Average Potential High Bitcoin Price Prediction 2025 $95,000 $120,000 $160,000 Bitcoin Price Predictions 2026-2031 Year Minimum Price Average Price Maximum Price 2026 $115,000 $130,000 $185,000 2027 $140,491 $170,100 $216,738 2028 $164,063 $185,068 $244,142 2029 $195,629 $200,312 $255,321 2030 $225,903 $248,568 $270,593 2031 $285,058 $303,555 $350,548 Bitcoin Price Prediction 2026 Bitcoin might witness a slow growth after 2025’s halving surge, resulting in a surge in selling pressure. However, more financial products including a surge in ETF demand might hold BTC price within a bullish region. We might see a maximum price of $185,000, with a minimum price of $115,000 and average price of $130,000. However, BitMEX Ceo Arthur Hayes predicted the BTC price to touch $700K in 2026. Bitcoin Price Prediction 2027 Based on detailed technical analysis of past Bitcoin price data, it is projected that in 2027, Bitcoin could see a minimum price of $140,491. The potential maximum price is estimated to be $216,738, with an average value of $170,100. Bitcoin Price Prediction 2028 By 2028, Bitcoin’s price is expected to reach a low of $164,063. Maximum price projections are as high as $244,142, averaging about $185,068 for the year. Bitcoin Price Forecast 2029 Projections for 2029 suggest that Bitcoin could be valued at a minimum of $195,629. The price may peak at as much as $255,321, with an average throughout the year expected to be around $200,312. Bitcoin (BTC) Price Prediction 2030 The forecast for 2030 suggests that Bitcoin’s price could start at a minimum of $225,903 and potentially rise to a maximum of $270,593. The average price is anticipated to stabilize at about $248,568 throughout the year. Bitcoin Price Prediction 2031 The forecast for 2030 suggests that Bitcoin’s price could start at a minimum of $285,058 and potentially rise to a maximum of $350,548. The average price is anticipated to stabilize at about $303,555 throughout the year. Bitcoin price predictions 2025-2031 Bitcoin Market Price Prediction: Analysts’ BTC Price Forecast Firm Name 2025 2026 Gov.Capital $118,300 $161,352 DigitalCoinPrice $135,487 $155,444 TradingBeasts $107,544 $154,235 CoinCodex predicts Bitcoin’s price could reach $158,827 by 2025, using the Bitcoin Rainbow Chart based on past volatility and the cyclical nature of Bitcoin Halving events. Cathie Wood of Ark Invest forecasts Bitcoin may hit $600,000 by 2030, with a potential rise to $1.5 million in her bull case scenario after Bitcoin ETFs approval. Cryptopolitan’s Bitcoin (BTC) Price Prediction At Cryptopolitan, we are bullish on Bitcoin’s future price as the historical market sentiment is extremely impressive. By the end of 2025, Bitcoin might record a maximum price of $160,000, with a minimum price of $95,000 and an average price of $120,000. However, the future market potential for Bitcoin entirely depends on its buying demand, regulation and investor sentiment in long-term holding. We expect Bitcoin price to create a high of $216,000 by the end of 2027. Bitcoin Historical Price Sentiment Satoshi Nakamoto created Bitcoin in 2009, marking the first use of blockchain technology. Bitcoin was initially of little value, gaining significant traction and hitting over $15,000 during the 2017 boom, with further highs reached in 2019 and 2021. In 2021, Bitcoin peaked at $68,789.63 but dropped to $15,760 by December 2022 amid economic pressures including inflation and geopolitical conflicts. By April 10, 2023, Bitcoin’s price surged 83%, breaking the $30,000 resistance level. Throughout mid-2023, Bitcoin’s value hovered around $30,000, nearly reaching $32,000 due to positive market sentiments and potential ETF approvals. Bitcoin experienced a significant price drop in mid-August 2023, falling to $25,000 and remained volatile with October prices fluctuating between $26,000 and $29,500. Bitcoin closed 2023 above $42,000, a 155% increase from the year’s start. Early 2024 saw Bitcoin rise above $45,000 in anticipation of multiple ETF approvals, despite a brief dip below $40,000 following the ETF approval. Bitcoin’s price surged in February 2024, breaking its previous all-time high from 2021 on March 5th, reaching over $70,000 by March 8th, and setting a new high of $73,750.07 on March 14th. However, in April, the BTC price dropped below $60K. Later in May, the price of bitcoin surged and knocked the $70K level. In the weeks of June and July, BTC price witnessed heavy fluctuations as it hovered within the range of $70K-$55K. In September, the price of BTC surged toward $66K following Fed’s interest rate cut decision. In October, the price of Bitcoin faced an Uptober rally, resulting in a push toward the significant $70K resistance level. In November, the price of BTC witnessed a robust surge following Donald Trump’s victory, nearing the $100K mark. Bitcoin ended the year 2024 on a bearish note as it consolidated below $95K. In 2024, Bitcoin casino emerged as a modern and innovative platform for gaming enthusiasts, offering the benefits of anonymity, security, and fast transactions.
