Bitcoin Price Action Will 'Astonish' This Week: Analyst (2024)

FAQs

Bitcoin Price Action Will 'Astonish' This Week: Analyst? ›

“Price action during the weekend is always important to follow and while attempts have been made to [liquidate] leveraged long positions, there are no sellers,” said Thielen in a note titled, "Everybody Will Be Astonished by Bitcoin's Price Action This Week." The cryptocurrency reached a record in euro terms on Monday ...

Our most recent Bitcoin price forecast indicates that its value will increase by 13.08% and reach $69,816 by May 05, 2024.

Though the price of bitcoin has pulled back modestly in recent weeks, analysts at Bernstein believe the leading cryptocurrency "is far from done." They have reiterated their prediction that bitcoin will reach $150,000 this cycle, expected by the end of 2025.

Daily Bitcoin (BTC) Price Prediction For Today, Tomorrow, this Week, and Next 30 Days. Based on your price prediction input for Bitcoin, the value of BTC is projected to increase by 5%, potentially reaching $ 61,140.96 in the next 30 days.

Bitcoin, it found, is likely to hit an average peak price of $87,875 in 2024, with some experts predicting it will climb as high as $200,000.

Bitcoin Price Prediction October 2024

There's hope for prices to keep going up, with Bitcoin price likely to pass $74,000, forming a new ATH. As the month goes on, we expect prices to keep rising steadily, reaching around $75,500 to $76,000 by the end of the month, closing on a positive note.

Bull Verdict:

The outlook remains optimistic for bitcoin as it shows resilience in testing upper resistance levels. Increased trading activity and positive movements in short-term indicators suggest potential for further gains.

Bitcoin is a risky investment with high volatility, and generally should be considered only if you have a high risk tolerance, are in a strong financial position already and can afford to lose some or all of your investment.

If Bitcoin continues this pattern into 2030, the price could peak around 2029 or 2030. If Wood is correct and Bitcoin reaches $3.8 million, if you invested $1,000 in Bitcoin now, it would be worth $54,280 in 2030. This would result in a compounded annual growth rate (CAGR) of nearly 95%.

How much will 1 Bitcoin be worth in 2025? ›

A 50% gain this year would boost Bitcoin's price to $65,800 by Jan. 1, 2025, while another 50% gain would drive its price to $98,700 by Jan. 1, 2026. So if Bitcoin merely replicates its average annual growth rate from the past decade, its price could approach $100,000 by the end of 2025.

Sarathy concurs that there are risks involved with investing in these cryptocurrencies, including price volatility, cybersecurity concerns and a lack of regulations compared to traditional currency. Ultimately, it's up to each individual user how much risk they want to take.

Cryptocurrencies like Bitcoin can experience daily (or even hourly) price volatility. As with any kind of investment, volatility may cause uncertainty, fear of missing out, or fear of participating at all. When prices are fluctuating, how do you know when to buy? In an ideal world, it's simple: buy low, sell high.

LONDON, Feb 28 (Reuters) - Bitcoin hit $60,000 on Wednesday for the first time in more than two years, as a surge of capital into new U.S. spot bitcoin exchange-traded products fuelled a rally that has reached 42% this month, on track for its largest monthly gain since December 2020.

“Bitcoin has run into a brick wall with the halving upon us as ETF demand cools off while geopolitical risks and uncertainty about inflation and monetary policy move to the fore,” said Antoni Trenchev, co-founder of crypto lender Nexo.

Typically, Bitcoin prices continue to surge for a good few months following a halving month, rising, on average, for seven months.

If Bitcoin continues this pattern into 2030, the price could peak around 2029 or 2030. If Wood is correct and Bitcoin reaches $3.8 million, if you invested $1,000 in Bitcoin now, it would be worth $54,280 in 2030. This would result in a compounded annual growth rate (CAGR) of nearly 95%.

Long-term Bitcoin price prediction for 2025, 2026, 2027, 2028, 2029 and 2030. Based on the historical price movements of Bitcoin and the BTC halving cycles, the yearly low Bitcoin price prediction for 2025 is estimated at $ 61,568. Meanwhile, the price of Bitcoin is predicted to reach as high as $ 166,341 next year.

Based on our long-term Bitcoin Coin price forecast, we anticipated that prices could reach a new all-time high this year. By 2040, the maximum price of the BTC Coin is projected to be around $5,69,240.60. Our average price forecast for Bitcoin is $5,57,632.74 in 2040.