Bitcoin Price Prediction 2023 – 2025: Will BTC Price Mark New High’s In The Coming Days?
The post Bitcoin Price Prediction 2023 – 2025: Will BTC Price Mark New High’s In The Coming Days? appeared first on Coinpedia Fintech News
Bitcoin was the first decentralized digital currency to be introduced in the market. Many cryptos work on this blockchain technology. Bitcoin price has always been a highlight in the industry, its price affect the market valuation in a large volume.
The market leader, Bitcoin, has had a tough sail in the year 2022. The year 2023 has started with a positive note as the coin has gained over 21% within the last 7 days in the foreign exchange market.
With the recent spike in liquidations in light of longs and the equity market’s turmoil, Investors and traders hold cynicism around the short-term prospects of Bitcoin price and Ethereum price. Are you one of the many, who are keen on Bitcoin’s 2023 price prediction?
Fasten your seatbelts, as this write-up decodes the possible Bitcoin price prediction for 2023 – 2025 and the years to come.
Table of contents
Overview
| Cryptocurrency | Bitcoin |
| Token | BTC |
| Price | $ 20,790.3500 |
| Market cap | $ 0.0000 |
| Circulating Supply | 0.0000 |
| Trading Volume | $ 0.0000 |
| All-time high | $ 0.0000 Jan 1, 1970 |
| All-time low | $ 0.0000 Jan 1, 1970 |
Bitcoin (BTC) Price Prediction 2023 – 2030
Bitcoin price predictions have always been a concern to many individuals, including investors. This crypto is also considered to be the spine of crypto verse. Bitcoin price prediction for 2023 could range from $23,218.00 to $43,959.19 for the year.
Bitcoin Price Prediction 2023
Bitcoin is Peer-to-Peer (P2P) electronic cash system, that is valuable over other methods of payment because of the monetary autonomy it brings to its users through decentralization. BTC uses the SHA-256 hash algorithm. It generates verifiably random numbers in a certain way and combinations that requires a predictable amount of computer processing power. With a sole mission to create more economic freedom in the world, Bitcoin has been making progress each day.
Bitcoin has many unique properties and a working system, which allows its user to make transfers globally and with low processing fees. This new payment system has excited many users and continues to establish itself deeper into the system. According to Glassnode, the total supply held by holders has reached a new ATH of 13.62 million BTC.
A steady rise in volumes could push the bitcoin price prediction for 2023 to $43,959.19. In contrast, the price of the star crypto could sink to a low of $23,218.00. Successively, a balance in trade activities could settle the price at $34,412.75.
| Price Prediction | Potential Low ($) | Average Price ($) | Potential High ($) |
| 2023 | 23,218.00 | 34,412.75 | 43,959.19 |
Bitcoin Price Prediction 2024
The next Bitcoin halving event is expected to take place in 2024, cutting the Bitcoin miner’s reward to 3.125 BTC per block. After the fourth halving, 96.875% of the Bitcoin will be mined. The last BTC halving which took place in the year 2020 sky rocked its price by more than 556% within a year’s time. Top analysts suggest the price cross the mark of over $100,000 after the next event. This brings the Bitcoin price halving into the spotlight and makes the BTC price prediction for 2024 a major concern.
Post-event is expected to cause some disruption and instabilities in the market. The Bitcoin halving is done to maintain the demand for BTC, by reducing the supply in circulation, a scarcity is created, which increases the demand for the coin, thus, increasing its value. This gives more opportunities to investors and traders, as there could be a huge surge in the crypto market.
Wherefore, the price could surge to a maximum of $74,967.47 by the end of 2024 taking the current market pattern into consideration. In contrast, factors like a prolonged bear run could knock the minimum price down to $39,453.57. That being said, the regular price of BTC could land at $57,743.23.
| Price Prediction | Potential Low ($) | Average Price ($) | Potential High ($) |
| 2024 | 39,453.57 | 57,743.23 | 74,967.47 |
Bitcoin Price Prediction 2025
If Bitcoin manages to diversify and empower its liquidity over the next three years. It holds the possibility to attract more investors, which would result in global recognition. That said, the chances of investments fueled by FOMO would be on the higher side. Prevailing, the bitcoin price prediction could skyrocket to $124,867.54 by the end of 2025.
On the flip side, if the star crypto falls prey to the bears. Owing to criticism coming from the concerns of mining, energy consumption, and regulation, amongst others. The possibility of the BTC price prediction ending the yearly trade at $65,556.29 cannot be ruled out. Consecutively, factoring in the bullish and bearish targets the average price might land at $95,298.65.
| Price Prediction | Potential Low ($) | Average Price ($) | Potential High ($) |
| 2025 | 65,556.29 | 95,298.65 | 124,867.54 |
Bitcoin Price Prediction 2026 – 2030
| Price Prediction | Potential Low ($) | Average Price ($) | Potential High ($) |
| 2026 | 80,732.85 | 105,327.82 | 130,632.71 |
| 2027 | 114,837.52 | 137,372.09 | 163,792.43 |
| 2028 | 152,262.78 | 174.987.56 | 196,794.32 |
| 2029 | 225,873.49 | 245,832.87 | 300,362.85 |
| 2030 | 270,235.36 | 308,832.73 | 347,783.36 |
CoinPedia’s BTC Price Prediction
According to the formulated price prediction by CoinPedia. Seeking impetus from institutional investments and acceptance. Bitcoin price prediction could propel to a maximum of $43,959.19 by the end of 2023. In contrast, if concerns around PoW chains and energy consumption worsen. We can expect the Bitcoin price to settle at levels around $23,218.00.
Factoring in Bitcoin’s price projections in the past, we can make the assumption that BTC price could probably move sideways for the next two years until 2023. And then initiate a bull run in 2024, which also marks the halving event.
Market Analysis
| Firm Name | 2022 | 2023 | 2024 | 2025 |
| Wallet Investor | $21,565.84 | $25,333.67 | $28,606.59 | $32,098.54 |
| Digital Coin Price | $21,484.18 | $34,212.48 | $44,359.71 | $54,179.07 |
| Gov. Capital | $22,049.62 | $55,909.87 | $93,993.09 | $138,715 |
*The aforementioned targets are the average targets set by the respective firms.
What Is Bitcoin?
Bitcoin is a digital currency that aims to emerge as an alternative to FIAT across nations. And empower individuals with its decentralized nature and peer-to-peer technology for instant payments. Unlike the traditional financial system, Bitcoin is not controlled by any government or organization, or by individuals. The price of Bitcoin solely depends on its demand and supply.
Since its inception in the year 2008 by an anonymous creator or creators known to the world as Satoshi nakamoto. Bitcoin has taken the digital age by a storm, it also enjoys the title of being the oldest and largest cryptocurrency. Bitcoin’s working relies on a completely decentralized system, making use of its open-source protocol. Which pushes it head-on against the flaws of FIAT.
Company Details
bitcoin org
- Event Organiser
- Technology
- Payment solution
Bitcoin Organization is organizing bitcoin conferences and events. Bitcoin is an open-source sponsorship-resistant peer-to-peer fixed network. Bitcoin organization is not Bitcoin's official website. Bitcoin has controlled all Bitcoin users around the world. The mission of bitcoin is to accurately describe its characteristics, prospective applications, and restrictions while also enhancing its internationalization to make it more widely available. Bitcoin organization is established by Satoshi Nakamoto and Martti Malmi in the year 2011. The company is placed in San Jose, California. The cheapest and easiest method of exchange is Bitcoin the transaction is accessible through mobile payments, and security operates around the clock to protect identification. Nobody owns or controls Bitcoin, and its design is public. Bitcoin employs technology to function without a central authority or banks. The network controls transactions, and new bitcoins are issued as needed. Peer-to-peer transactions, global transactions, and low processing fees are the benefits of Bitcoin.org.
Bitcoin Historic Price Sentiments 2008 – 2022
- Bitcoin was launched by Satoshi Nakamoto on the 3rd of January 2009, when a block named genesis got mined. BTC was officially launched on the exchange Bitcoinmarket.com at a price of $0.003.
- Bitcoin maintained a stagnant ascending trend with minor fluctuations until the top exchange then, Mt. Gox which was handling nearly 70% of BTC transactions worldwide ceased operations abruptly in early 2014.
- At the beginning of 2016 Bitcoin was trading with a price tag of $433.67. BTC’s price hit $753.35 by mid-June as the community announced the news about its second halving event.
- Further, it underwent a hard fork by mid-2017 when Bitcoin Cash (BCH) was released. By the end of the year, the BTC bull run was ignited which marked the ATH at $18,474.11.
- Bitcoin was seen commencing 2018 on a bearish note, with a price tag of $13,877.46. The proposal of Bitcoin’s ban by Korean authorities, led to a massive price crash to $8,270.10 by mid-February that slashed to mark the bottom at around $5,300.
- During 2020, the world faced massive fear due to the Covid pandemic and the uncertainties prevailing around the crypto space, BTC marked the boots below $5000.
- However, Bitcoin’s third halving event helped the price surge progressively to $8,900 by the end of May 2020. Surprisingly, the altcoin was trading at $21,352.13 by mid-December and managed to end the annual trade at $29,388.94.
- The price of Bitcoin took a move to a New ATH of $69,045 on the 11th of November and since then the price has been stuck within a steep bearish trend until the press time.
FAQs
The Bitcoin halving takes place once every four years or every 210,000 blocks. The next Bitcoin halving is expected to take place in April 2024.
The BTC price is believed to find new lows in the first few weeks of 2023 and by the end of 2023, the price may rise a high to reach $43,959.19.
According to our Bitcoin price prediction, the BTC price could possibly reach as high as $74,632.83 by the end of 2025. BTC is predicted to reach a high of $250,000 by the end of 2030.
Bitcoin halving ensures that the amount of bitcoin that can be mined with each block decreases, making bitcoin more scarce and ultimately more valuable.
Bitcoin price is believed to recovery finely in the coming weeks after testing the bottoms in Q1 2023.
Read more: https://coinpedia.org/price-prediction/bitcoin-price-prediction/
Text source: Coinpedia – Fintech & Cryptocurreny News Media| Cr
