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Bitcoin price prediction 2020: how high will BTC go?
The summer is over, but Bitcoin (BTC) could become increasingly hot. Some experts believe that its current record high – $19,783 in December 2020 – could have been a drop in the bucket and predict Bitcoin will go up to $50,000 by 2021. The year 2020 will be of utmost importance for Bitcoin. A lot is bound to happen, starting with a long-awaited Bitcoin block halving.
Bitcoin expectations: Indian Summer 2020
According to the latest Bitcoin price news, October 2020 may turn out to become really favourable time for the crypto, as two ETF applications are reviewed by SEC. Moreover, the Bitcoin community is enthused by the official launch for Bakkt – a Bitcoin futures platform – which finally happened on September 23rd 2020.
The Bakkt Warehouse launch was postponed several times this year the year. Within 48 hours of its official announcement Bitcoin, nicknamed the ‘king coin’, surged by more than 10%, resulting in a $400 price increase. However, after the launch, a new platform for institutional investors saw lower than expected volumes, which sparked the Bitcoin’s most recent sell-off.
Still, people expect that Bakkt will become a catalyst to propel BTC back to its glory days. There are several reasons to believe that Bakkt will bring wonders to Bitcoin. In fact, it’s the first futures platform, which may drive liquidity for Bitcoin market.
Offering futures contracts physically delivered with Bitcoin, the service will contribute greatly to further adoption of Bitcoin inside the traditional financial system. Bakkt is backed by the Intercontinental Exchange (the ICE) and thus stands a good chance at becoming the go-to trustworthy crypto futures platform.
Bitcoin forecast 2020: big institutional investors entering the cryptomarket
The unregulated nature of cryptomarket may be a significant reason why its growth is still suppressed. Although Bitcoin offers outstanding Return on Investment (ROI) rates, many institutional investors are still worried about the reliability of stepping into the unregulated territory.
With the official launch of the federally approved regulated platform, it’s more than likely that big movers will join the crypto market, driving Bitcoin adoption and good sentiment.
It looks like Bitcoin is still at the early adoption phase, with only a small portion of investors deeply involved in the market. The major goal now is to attract larger mainstream audience. The creation of a regulatory framework to protect users and provide confidence in financial instruments, such as crypto-assets ETFs, could prove useful.
Regulation might help to eliminate the risk of bad practice in the industry and could eventually bring more institutional investors to the market.
Bitcoin prediction 2020: Technological advancements
Bitcoin’s further success could also be aided by technological advancements. For now, it is still considered too expensive and slow to use Bitcoin as an effective alternative to traditional payment systems like Visa.
Under the new system, Bitcoin transactions are supposed to take seconds at low fees. It will make Bitcoin attractive for both consumers and retailers, particularly in e-commerce. In this way it could become similar to PayPal as a favoured payment method on eBay or Amazon.
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BTC prediction 2020: Bitcoin block halving
A Bitcoin block halving is anticipated for May 2020. This event may also have a significant effect on the Bitcoin price, strengthening the common view that 2020 might be a record-breaking year.
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We are all aware of the fact that Bitcoin is not created endlessly – there may be only 21 million Bitcoin mined in aggregate. The reward for Bitcoin mining is halved every 210,000 blocks. At the very start, miners earned 50 Bitcoin per block mined, four years later the reward was halved to 25 Bitcoin. Today, they get 12.5 Bitcoin for one block.
In May 2020, the reward will halve again to 6,25 BTC. Therefore, the number of new Bitcoin entering the market will decrease. The demand for Bitcoin is forecasted to increase, but the supply can’t surge in line with it. When the demand exceeds the supply, the Bitcoin value will increase.
Some traders share a view that Bitcoin halving directly influences its price. For example, the first Bitcoin halving occurred in 2020. One year later, Bitcoin climbed its peak. In 2020 the situation repeated, just a year after the second halving in 2020.
How to explain it? The majority of the 1,800 Bitcoin mined every day are sold by miners directly, as they try to cover the energy costs. After the reward is halved, Bitcoin offering decreases, which may positively influence the BTC price.
Bitcoin price prediction: how much will bitcoin be worth in 2020?
2020 has been a relatively great year for Bitcoin and its major peers. However, by the end of September the cryptomarket has made a U-turn within a 24-hour period. Bitcoin (BTC) has collapsed under $9,000, losing more than 15% in an hour during a mysterious rapid market crash.
Things have been tough enough for Bitcoin, but the altcoins from the list of top 20 cryptocurrencies suffered even worse. Altcoins were bleeding heavily with top-traded cryptocurrencies, including Ethereum (ETH), Ripple (XRP), Litecoin (LTC), Bitcoin Cash (BCH), EOS and others experiencing double-digit losses. The total cryptomarket capitalisation has dropped by $10 billion to around $250 billion.
The sudden crash was presumably caused by a number of technical issues, but analysts still believe that the BTC value will continue to grow. Despite the fact that now Bitcoin is traded below $8,000 it could become an attractive investment opportunity for those who want to buy the dip. At the time of writing Bitcoin was priced at $7,822.
Bitcoin Price Prediction 2020 – Realistic Bitcoin Predictions
Bitcoin’s price fell steeply as the market is bearish. But the BitMex CEO, Arthur Hayes showed optimism as he said Bitcoin will fall quite low before bouncing back to $20,000. As the Bitcoin halving event is nearing, the crypto space is getting pumped up with enthusiasm. Very recently, Bitcoin hit the $10,000 mark, which filled the crypto space with frenzy. There are crypto analysts and enthusiasts who have been giving optimistic predictions since then. Fundstrat’s Tom Lee said that Bitcoin might reach $40,000 by the end of 2020. Tom Lee has been very vocal about his interest in Bitcoin always. He states that Bitcoin might give enormous returns post the halving event that is scheduled to be in May 2020.
Furthermore, Bitcoin is the only crypto that has received worldwide attention, awareness, and adoption. It has been accepted by organizations and payment gateways all across the world. Even new milestones are being achieved like Bitcoin hash rate reaching an all-time high of 62 quintillions per second.
Currently, Bitcoin (BTC) is trading at $5,091.72 USD with a BTC price of 32.92% down today. The market cap of Bitcoin is USD 93,015,789,353 with 18,268,062 BTC circulating currently. The 24-hour price movement chart indicates that $69,796,473,163 worth of BTC was trading. (Bitcoin price prediction today USD). You can check the Bitcoin hourly price prediction or Bitcoin price live on any of the sites.
About Bitcoin Price Prediction
Bitcoin Price Prediction is about how Bitcoin might perform in the near future. Bitcoin’s future value predictions are done on the basis of thorough research. Realistic Bitcoin predictions can be determined after determining the past trends, given the volatility nature of the crypto market. In this article, you can check out every aspect of Bitcoin’s future forecast.
Bitcoin Price Prediction for 2020 and Next Five Years
Let’s understand what is the Bitcoin price prediction for 2020 and the next 5 years. As the market is experiencing volatile conditions, we should back up the prediction with the market experts, who have been the mind and heart of the cryptocurrency market.
Let’s take a look at the famous Bitcoin predictions:
#1 Tom Lee Bitcoin Price Prediction
Tom Lee, ex-Chief Equity Strategist JP Morgan, and Co-founder and head of research of Fundstrat, believes that after the Bitcoin halving event, which is expected to happen in May 2020, Bitcoin can deliver 100% returns to its investors in 2020. He recently predicted Bitcoin’s short-term potential while speaking to Yahoo Finance, where he believes BTC might hit an all-time high of $27,000 by summer, 2020.
#2 Fran Strajnar Bitcoin Price Prediction
Fran Strajnar comes up with a very optimistic prediction where he believes that BTC might reach $200,000 by January 2020. He believes that the rate of adoption is directly proportional to the price increase. The more the adoption rate, the more the increase in value.
#3 Bobby Lee Bitcoin Price Prediction
Bobby Lee, CEO of China’s first exchange- BTCC said before that it would take 20 years for BTC to reach $1 million. Now his prediction totally changed. Bobby Lee, the co-founder of BTCC (Hong Kong-based Bitcoin exchange) and the brother of Charlie Lee, Litecoin creator gave an extremely bullish prediction but started with bearish though. He claims that Bitcoin might pick up from late 2020 and could reach $333,000 in 2021 and then fall down to $41,000 in 2023. He iterated that the market capital might reach $7 trillion, that might surpass the market cap of gold. He even mentioned that Bitcoin would lead to price stability and global liquidity in the coming years.
#4 John McAfee Bitcoin Price Prediction
John McAfee has been one of the stagnant Bitcoin enthusiasts, who now and then comes up with his prediction. He recently became more optimistic than ever and said that Bitcoin might reach 1 million USD by 2020. Other altcoins like Apollo and MTC might rise 10X more, as said by this BTC enthusiast. He recently stated that his past Bitcoin prediction of 1 million USD was just a ruse.
In an interview with Cointelegraph, McAfee predicted that 10 years from now, “there’ll be no fiat anywhere in the world [. ] everything will be cryptocurrency.”
#5 Tim Draper Bitcoin Price Prediction
Tim Draper, one of the renowned Venture Capitalist predicted that Bitcoin could occupy 5% of the currency market by 2023. He is optimistic that Bitcoin price might grow as much as $250,000 by 2023.
Our Verdict On Bitcoin Price Prediction
Even though Bitcoin has been experiencing frequent fluctuations, we believe that Bitcoin will soar up as per the predictions stated above. There are several reasons which led to Bitcoin’s price fall like Bitcoins being used for illicit purposes and so many past mishaps like hacking and thefts. Pros outperformed the cons, hence Bitcoin is still the market leader, bagging the number one position and maintaining its position. Bitcoin might reach the $23,500 mark supposedly by the end of 2020 as the year holds good prospect and development for BTC like NASDAQ launching BTC future, that too in the very beginning of 2020.
Bitcoin Price Prediction 2020: Will Bitcoin Go Up?
Bitcoin has been performing quite well and recently it has started with its bull run. This has taken the market by amazement. Now the traders and investors are in a state where they are trying to make optimum utilization of the bull run. The more the trading, the more the price. Moreover, as we know, Bitcoins are scarce in circulation, i.e. there can be only 21 million Bitcoins mined, out of which 17 million has been mined already, which means only 4 million to be mined, which will make its value more. Additionally, several countries like the U.S., Japan, and South Korea have shown extreme willingness to integrate Bitcoin and other cryptocurrencies into their financial systems by setting up regulated markets that might function freely and securely. By the end of the year 2020, the Bitcoin price will reach $23,499.
Bitcoin Price Prediction 2022
Bitcoin might experience unexpected growth by 2022, with the adoption rate getting tripled. Bitcoin might be accepted by the masses worldwide as the most feasible payment system, which is hassle-free. Bitcoin anyway is not far off before it takes the sweet spot for fiat currencies, and most of the developed world might see the change coming in faster than the rest. By 2022, Bitcoin might reach $32,000, given the advancements are stable.
Bitcoin Price Prediction 2025
Bitcoin price prediction suggests that the Bitcoin price is up for a long-term 385.450281% in the BTC price value with a 5-year investment. This means that in 2025, the Bitcoin price is forecasted to stand at $ 50044.6. (Bitcoin Future Prediction)
Bitcoin might touch the $50k mark in the year 2025, which can take the crypto market to a whole different height altogether. As per the predictions and analysis, Bitcoin stays securely to number one position, without any close contender. Gradually, Bitcoin might be seen more as a store of value, along with it being an alternative currency. There are certain Bitcoin price prediction tools which help the experts come up with data. The fiat currencies might be replaced by Bitcoin, as predicted by crypto enthusiasts like John McAfee.
By 2025, Bitcoin might be used more often by more people, i.e, the real-time use case will be increased, which will make it even more powerful.
What Is Bitcoin (BTC)?
Bitcoin is the most popular cryptocurrency, dominating the crypto space with its blockchain technology and its scarcity. Bitcoin was created in 2009 by the pseudonym Satoshi Nakamoto, who might be an individual or a group of people. It works on a peer to peer network, where no intermediaries are involved. It is the digital currency, which aims to exclude the intervention of any third parties, while you are transacting.
It is gaining adoption and some people have started using BTCs in real-time, like buying a Lamborghini or buying a mansion. It’s easy as well as advanced. Once you understand the technology behind it, you will definitely embrace the beauty of this digital currency.
FAQs On Bitcoin Price Prediction
1. Will Bitcoin go up in value?
As per the experts and crypto enthusiasts, a huge chunk of people are optimistic about Bitcoin going up in value in the years to come.
2. Is it smart to invest in Bitcoin?
It depends on you and your goal, as in if you are looking for long term investment or short term investment. Moreover, it is highly recommended for you to do thorough research before making any investment decisions.
3. Can Bitcoin hit a million?
As per the most expressive Bitcoin enthusiast, John McAfee, Bitcoin might reach 1 million in 2020. He is pretty optimistic and confident in his statement. But that might be a little way too optimistic bullish figure.
4. Can Bitcoin be exchanged for real money?
You can get Bitcoin with fiats like USD or Euro. But Bitcoin is a virtual electronic currency with an efficient built-in transfer system. You need to put it in an exchange and convert it into fiat to exchange it for real money.
5. What will be the Bitcoin price prediction in 2020?
Bitcoin might reach $23,500 by 2020 end.
6. What was Bitcoin’s lowest price?
The lowest price was in October 2020, when Bitcoin was worth less than a dollar and cost $0.125, and in 2020February to April, it was trading at $1.00.
7. What will be Bitcoin price prediction in 2030?
Bitcoin might surge way above $50,000 by 2030. It might even reach $75,000.
8. Can Bitcoin be converted into cash?
You just need to convert Bitcoin into fiat currency and send it across to your account. Sometimes, Bitcoin ATMs can also be helpful.
9. Is Bitcoin safe and legal?
Bitcoin enables transparency and decentralization, and different countries have specific rules and regulations.
10. How do I start buying Bitcoins?
You can go here directly to start buying Bitcoins. You can easily buy Bitcoin with the help of a Credit or Debit card, with fiat currencies. You can even convert more than 300 cryptocurrencies to Bitcoin instantly.
11. How much does it cost to buy 1 Bitcoin?
1 Bitcoin is equivalent to $9,165.12 as of February 26, 2020.
Bitcoin Price Prediction | Will Bitcoin Rise Once Again?
Bitcoin is a decentralized financial technology that could replace fiat currencies across the globe. Because it holds such potential, Bitcoin price predictions reach as much as $1M.
Bitcoin is the first cryptocurrency to ever be created, sparking the birth of an entire industry and thousands upon thousands of altcoins to be created in its image.
Not only is Bitcoin the first of its kind, but it has been designed to disrupt and replace paper-based fiat currencies to become the global digital currency used by the entire population, regardless of what country or region they live in.
Because Bitcoin is so powerful and has so much potential, Bitcoin’s projected value and estimated growth could be astronomical. Speculation from crypto analysts and industry experts suggests that Bitcoin’s long term value could reach over $100,000 to as much as one million dollars per BTC in the future.
But when will Bitcoin reach such prices? This BTC price prediction guide will help investors answer questions like “how high will Bitcoin go” and “what could Bitcoin be worth in 10 years.”
What is Bitcoin and Why is Bitcoin Going Up?
Bitcoin was created by the mysterious Satoshi Nakamoto to be the first peer-to-peer electronic cash system. Because Bitcoin is peer-to-peer, it is considered decentralized and doesn’t require a controlling third party – such as a bank or government – to confirm or monitor transactions.
Instead, Bitcoin transactions are confirmed by miners who are rewarded with BTC for each block that is verified and added to the blockchain. This reward is what incentivizes miners to continue to confirm transactions and keep the Bitcoin network growing.
Every four years, Bitcoin’s block reward is reduced in half, resulting in miners receiving less and less BTC as time goes on. This is referred to by the crypto industry as a halving.
Bitcoin’s supply is hard-capped at 21 million BTC and combined with each block halving, gives Bitcoin a deflationary aspect and provides the asset with a scarcity similar to gold. In fact, Bitcoin has been commonly referred to as digital gold.
These unique properties are said to make Bitcoin not only a borderless transactional currency, but also a store of value, and even a safe haven asset during times of economic crisis.
Bitcoin was designed by Satoshi Nakamoto in the wake of the 2008 economic crisis, as a way to put power and control back into the hands of users and out of the reach from banks and governments that have long controlled the flow of money.
Together, all of these aspects make Bitcoin an incredible financial technology with the potential to change the world. And as a result, Bitcoin projected growth is expected to be substantial and reflect its true value as a global currency.
The History of Bitcoin Price Action
Bitcoin price today is trading at around $10,000, but given how volatile the asset is and its propensity to go on parabolic runs, Bitcoin price tomorrow could double or set a new all-time high.
Bitcoin started off its life virtually worthless, with a value of far less than a penny when the Bitcoin Core client code was released into the wild. Years later, it began trading at over $1,000 and started to be considered as a serious financial asset with long term potential.
In 2020, Bitcoin potential took the world by storm, as many became rich beyond their wildest dreams once Bitcoin reached its all-time high of $20,000 per BTC coin. Mainstream media ran BTC news story after story, causing retail investors to rush into buying the asset.
But once 2020 hit, a major Bitcoin trend change occurred, and the price started going down. Due to how volatile Bitcoin is, market price retraced as much as 80% down to $3,000 where it eventually bottomed, leaving many wondering “will Bitcoin go up in value ever again?” Others knew Bitcoin will rise again, and opened long positions at the bear market bottom.
At the start of 2020, Bitcoin growth returned once again, and a powerful rally took Bitcoin price back out of the bear market lows, and above $10,000 where it is currently consolidating before making another attempt at setting a new all-time high, and reaching some of the lower BTC price predictions that analysts expect to reach in the short-term.
At the start of 2020, Bitcoin growth returned once again, and a powerful rally took Bitcoin price back out of the bear market lows, and above $10,000 to $14,000 before falling back down to $6,500.
As soon as 2020 started, Bitcoin took off from its lows and with the cryptocurrency’s halving likely having a dramatic impact on its supply and demand, prices could reach incredible valuations in the coming months and years ahead.
Experts Share Their Thoughts on Bitcoin Future
Bitcoin is among the most powerful technologies to ever exist and is possibly even more powerful than the internet itself due to its potential to disrupt the current financial market and replace money altogether. As such, Bitcoin has garnered the support of multiple industry experts who have shared their Bitcoin price predictions.
Tim Draper, American Venture Capitalist
Famous investors and venture capitalist, who has had a hand in startups like Tesla, Skype, Twitter, Twitch, and Coinbase, predicts Bitcoin price to reach $250,000 per BTC token in the future, and even finds that number conservative. Draper explained that “$250,000 means that bitcoin would then have about a 5% market share of the currency world and I think that may be understating the power of bitcoin.”
Phillip Nunn, ICO and Cryptocurrency Expert
Phillip Nunn, a renowned ICO and cryptocurrency expert, predicted that Bitcoin will fall as low as $6,000 and rise as high as $60,000. With $6,000 out of the way, the only Bitcoin price prediction left in his range is $60,000. Despite reaching the low end of his prediction, Nunn stands by his claims, saying that “we are moving from depending on the internet of information to depending on the internet of value. Everything will be disrupted from record-keeping, financial issues, to legal issues. This is why I will continue to stand by my prediction.”
Max Keiser, American Broadcaster and Filmmaker
The outspoken Max Keiser, host of the financial program the Keiser Report, has repeatedly shared predictions on Bitcoin price ranging from $28,000 to as much as “$100,000 and beyond.
John McAfee, Cyber Security Expert
John McAfee, the father of antivirus software is also a major proponent of cryptocurrencies and the entire industry itself. He also believes in the future of Bitcoin and has predicted that Bitcoin will reach $1,000,000 per BTC by the year 2020. He even recently doubled down on his prediction, saying “Bitcoin is at the mid 10’s and people worry. LMFAO!! Why do you pay attention to weekly fluctuations? Look at the past few months FFS! It’s rising drastically. I’m still positive about my $1 mil BTC price by the end of 2020. Alt coins like MTC and Apollo will rise ten times more.”
Cameron Winklevoss, Co-Founder Gemini Exchange
Cameron Winklevoss, one-half of the Winklevoss twins of Facebook fame, believes that Bitcoin price will one day reach $40,000 or more per BTC. What’s incredible is Cameron Winklevoss made the prediction as part of an AMA back in 2020 and has since witnessed Bitcoin reach the halfway point in 2020. Cameron and Tyler Winklevoss own one of the largest holdings of Bitcoin in the world and have heavily bet on the crypto asset becoming the future of money. Cameron said that the “bull case scenario for Bitcoin is a 400bn USD market cap, so 40,000 USD a coin, but I believe it could be much larger. When this will happen, if it happens, I don’t know, but if it happens, it will probably happen much faster than anyone imagines.”
Sam Doctor, Fundstrat Strategist
Quantamental strategist Sam Doctor has produced a detailed report based on his Bitcoin analysis for Tom Lee’s Fundstrat Global Advisors, and in the report, he states that Bitcoin could range between $20,000 and $64,000, and would reach $36,000 before the year is over. ”
Technical Analysis-Based Bitcoin Forecast
Based on the predictions of industry experts and big-name investors, its easy to see that Bitcoin growth could be enormous considering current prices of $10,000. However, how and when Bitcoin price will reach such lofty predictions is unclear. Crypto analysts often perform technical analysis in order to predict price movements and when they may occur. We’ve gathered some of the best technical analysis from the industry’s best analysts in order to further help understand how high Bitcoin can go.
Bitcoin Price Prediction 2020
The most important factor influencing Bitcoin’s price in the short term, will be the asset’s halving. However, it will have long-term implications.
The halving is a hard-coded event where the block reward miners receive is cut in half. This throws off the delicate balance of supply and demand, causing the scarce asset’s price to spike.
Across the last two time’s Bitcoin’s halving occurred, it was followed by an average gain of over 6,000%. However, each new all-time high peak reaches a smaller percentage.
The last bull market that started at the halving, rose from that point by as much as 3,000% to its peak. The previous rise was 9,000%. If each new peak is reduced by a third, the next top could be 1,000% gain from current levels.
In the short term, Bitcoin is nearly 80% complete in forming a massive, multi-month inverse head and shoulders – which is typically a bottom formation.
The target of the technical structure would suggest Bitcoin could reach as high as $17,000 in the short-term – before the end of 2020.
Data suggests that as time goes by, the chance of Bitcoin setting a new all-time high increases. This rate rises from 6% in June to 10% in September and rises from there on out.
However, if the pattern fails to complete and support breaks down, Bitcoin could head back down to $5,000.
Such a breakdown would put an end to Bitcoin’s long-term logarithmic growth curve. This scenario is unlikely, and would signal that Bitcoin adoption is slowing and could mean the end of the crypto asset.
Alan Masters, another industry analyst, sees Bitcoin reaching as much as $48,000+ in 2020 after the halving, according to a chart shared on TradingView with his most recent short-term analysis.
Bitcoin Price Prediction 2021 – 2022
By zooming out and/or using the logarithmic growth curve and other tools, we can further predict future price movements in the asset.
Because Bitcoin’s performance is tied so tightly to its halving, it is best to start any analysis with the significant event.
When taking the price action following the first halving, and applying it to the current cycle, we can get our first theoretical peak and price prediction.
In the first model, it provides a best-case scenario prediction for Bitcoin, at nearly a million dollars per BTC. However, this would require a complete collapse of the current monetary system and for all of the world’s wealth to flow into Bitcoin. While a scenario is plausible and possible, it is likely too soon for this to occur in 2021 or 2022.
This next model is a far more reasonable $250,000 per BTC, among the highest ends of its predictions, but still well within expectations.
Throughout Bitcoin’s history, it has followed a logarithmic adoption growth and adoption curve. The asset continues to follow it to this day, and it acts as a floor and a ceiling for Bitcoin’s tops and bottoms.
The asset has been grinding along the bottom of the curve for nearly two years now, and it will peak in the red zone when it finally breaks through the yellow zone.
By projecting the top of the curve forward into time, we can find a more likely potential price prediction and peak for the next two years.
Data suggests that Bitcoin tends to top or bottom in mid-December, so using the next two mid-Decembers as potential top points, we can find a price prediction for 2021 and 2022.
A top in 2021 puts Bitcoin at over $100,000, while a peak in 2022 instead would make the top closer to $170,000 BTC.
The bottom of the green band suggests that Bitcoin shouldn’t go lower than $15,000 in 2021 nor will it go under $25,000 in 2022.
Another take on Bitcoin comes from trader JeremyLuce, who projects $90K BTC by the year 2021 and 2022. This is all after final retest of long-term support and a breakout above at resistance.
Bitcoin Price Prediction 2023 – 2025
Using similar data to make our 2021 and 2022 models, we can predict price action in 2023, 2024, 2025 and beyond.
Bitcoin’s ultimate goal is to reach $1,000,000 per BTC. It can do so much later in its lifecycle, but according to the logarithmic growth curve, the asset will likely top out around $100,000 or higher in 2021 or 2022. Following that peak, Bitcoin will head into another bear market, falling back to prices near $35,000.
This most likely occurs in late 2022, and Bitcoin finds a new bottom well into 2023.
After the cryptocurrency rebounds, it will spend 2024 in a new bull market. But the bull market extends into 2025 where it will find another peak at above $400,000 per BTC.
The cycle will then repeat once again.
Conclusion: BTC Price Forecast and Long-Term Price Predictions
Considering all of the massive price projections and forecasts from industry experts that suggest Bitcoin will someday replace all currencies across the globe, it’s easy to see what so many are bullish on Bitcoin, and why Bitcoin price predictions can reach such high numbers, ranging from thousands to even over $1 million dollars per BTC.
The revolutionary technology has sparked an entire industry aimed at disrupting traditional finance, and cryptocurrencies are already well on their way to widespread adoption and regular use by the mainstream public.
Bitcoin is accepted most places these days, and can even be purchased at grocery stores through Coinstar machines. Bitcoin has already come such a far way and even became a media sensation in 2020 thanks to stories of early investors in the crypto asset becoming rich.
However, given the price predictions in this article, it’s never too late to invest in or trade Bitcoin and take advantage of its volatility.
The below prediction chart outlines some of the minimum and maximum BTC price forecasts offered by technical analysts and industry experts in an easy to digest format.
Give the lows and highs in recent years, as well as the lows and highs predicted by industry analysts and experts, it’s easy to see how opening a short or long position using 100x leverage to trade Bitcoin’s volatile price swings can be extremely profitable, and even more profitable than investing itself.
Traders can take advantage of such tools provided by trading platforms like PrimeXBT, and open positions with up to 100x leverage on the BTC/USD pair. BTC is also paired with other altcoins such as Ethereum, Litecoin, Ripple, and EOS. PrimeXBT also offers traditional assets such as the most popular forex currencies, commodities, stock indices, and spot contracts for gold and silver.
With Bitcoin about to take off on yet another bull run, the opportunity to profit has never been greater. And with Bitcoin price expected to reach $100,000 to as much as $1 million per BTC, it’s never too late to get started trading Bitcoin.
Disclaimer: All price predictions are from cryptocurrency industry analysts, and other Ripple investors and traders, and not from PrimeXBT, and should not be considered investment advice. Investing in any asset class can be risky. Never invest more than you can afford to lose. Also be sure to choose the right trading platform – one with many advanced features, bank-grade security, and 100x leverage on crypto-assets such as PrimeXBT.
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- he/she/it will not be using the Website for any illegal activity, including but not limited to money laundering and the financing of terrorism;
Keep in mind that Bitcoin trading with margin may be subject to taxation. You are solely responsible for withholding, collecting, reporting, paying, settling and/or remitting any and all taxes to the appropriate tax authorities in such jurisdiction(s) in which You may be liable to pay tax. Prime XBT shall not be responsible for withholding, collecting, reporting, paying, settling and/or remitting any taxes (including, but not limited to, any income, capital gains, sales, value added or similar tax) which may arise from Your participation in the Bitcoin trading with margin.
Content, research, tools, and coin symbols are for educational and illustrative purposes only and do not imply a recommendation or solicitation to buy or sell a particular asset or to engage in any particular investment strategy it’s merely a window into what we are doing and speculating about currently. The projections or other information regarding the likelihood of various investment outcomes are hypothetical in nature, are not guaranteed for accuracy or completeness, do not reflect actual investment results, do not take in to consideration commissions, margin interest and other costs, and are not guarantees of future results. All investments involve risk, losses may exceed the principal invested. You alone are responsible for evaluating the merits and risks associated with the use of our systems, services or products.
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