Bitcoin price prediction 2023/2024 - 2025
Toon's expertise is Bitcoin. Joins the Telegraph's Crypto Update regularly.
How much will Bitcoin be worth? The talk of the town when the price is on the rise. In this article, we'll walk you through the predictions of various analysts. Just a quick disclaimer: no one has a crystal ball, and there's no guarantee that these predictions will come true. Only invest what you can afford to lose.
Bitcoin price prediction for the short-term
Updated on: December 1st, 2023
Bitcoin has shown a relatively calm trend in recent days. The cryptocurrency is currently at a crucial price level and appears to be poised for an upward movement. Therefore, it is worth examining how far Bitcoin can rise if the current positive scenario continues. Let's take a look at the charts.
To conduct this analysis, we start by looking at the 4-hour chart of Bitcoin. It is crucial for Bitcoin to hold its ground in the short term, as it forms the basis for a potential upward trend.
In the chart below, each candle represents a 4-hour period, allowing us to observe short-term price movements. As emphasized in previous analyses, breaking through the green zone is of great importance, as it currently acts as resistance.
It is encouraging to see that Bitcoin has been above this zone before. It appears that buy orders are currently being placed in this zone, which is a positive sign in a place where sellers previously dominated. This indicates a favorable signal.
However, there is the possibility that the price may drop below the green zone, but this may not necessarily be a significant issue. The crucial aspect is that the price does not fall below the previous low point. Originally, the red line was used as a reference point, but since the previous low point is considerably higher, this is now a more suitable reference point.
If the price makes an upward move from here, we can expect a significant increase. The next resistance level appears to be currently situated around the upper green zone, with a price level of approximately 45,000 dollars (precisely 45,400 dollars). This level has its origins in an old resistance area where Bitcoin had previously dropped and never returned. Therefore, it seems plausible that this zone could once again act as long-term resistance.
This does not mean that Bitcoin will immediately rise to this level, as there may be obstacles along the way. However, in the long term, a price of 45,000 dollars seems achievable if Bitcoin successfully consolidates above the lower green zone.
Bitcoin price prediction for the long-term
What will the Bitcoin price do in the coming years? Opinions on this vary significantly. Various analysts have different views. In the overview below, we rely on the forecast from Coinpriceforecast.
What are the expectations for Bitcoin in 2023?
While 2023 was a celebration due to the price surge, it is expected to taper off in 2023. Analysts anticipate a price of €88,152.38 by the end of 2024.
What are the predictions for Bitcoin in 2024?
Predictions remain positive in 2024 as well. Analysts anticipate a price of €103,384.85 in December.
How much will Bitcoin be worth in 2025?
Starting from 2025, Bitcoin is expected to accelerate significantly, according to analysts. They anticipate a Bitcoin value in 2025 heading towards €145,734.37 and €183,979.44 in 2026.
What are the predictions for Bitcoin in 2030?
Bitcoin remains on a positive trajectory, but analysts anticipate that the price will fluctuate between €390,747.39 and €418,805.68 thereafter.
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This information is sourced from DigitalCoinPrice. Please be aware that the value of cryptocurrencies can fluctuate significantly. Only invest money you can afford to lose, and conduct your own research before deciding to invest.
PlanB: Bitcoin to 1 million in 2025
But what if it happens even faster? Analyst PlanB is not short on optimism. Anonymity is more common in the world of Bitcoin. The only thing we know about PlanB? He is Dutch and has developed a unique price model for Bitcoin.
He calls this the stock-to-flow model of Bitcoin. The essence? Bitcoin is scarce, and that scarcity makes Bitcoin valuable. If you want the detailed explanation, you can read it below. But beware, we're delving deep into the world of Bitcoin!
So, Bitcoin is scarce. There will only be 21 million coins in the future. A fixed number of BTC enters the market every ten minutes. And that influx is roughly halved every four years. This is known as the Bitcoin halving.
Now, your economics lesson from the past comes back. What happens when demand remains the same but supply decreases? Prices rise. The stock-to-flow model is built on this principle.
Below, you can see PlanB's model along with the Bitcoin price. The dark blue band represents one standard deviation, and the light blue band represents two standard deviations. As you can see, the price has been moving within the model's range for years.
Will it continue like this? Then Bitcoin could reach 1 million euros in 2025. This may seem like an unthinkable scenario for some. But imagine this: ten years ago, no one expected Bitcoin to ever be worth 50,000 euros.
Need more explanation? Watch this video about the stock-to-flow model:
Predictions of other coins
Bitcoin price in the last 24 hours
View the key statistics from the past 24 hours here.
Market information Bitcoin
Use these figures to get a better understanding of the Bitcoin market.
BTC Return on Investment
See for yourself how much Bitcoin has risen or fallen over the years.
Our advice: only invest an amount you're willing to lose
We recommend that you invest only an amount in Bitcoin that you are willing to lose. The Bitcoin price is highly volatile, which means you can make a lot of money but also lose it. At the same time, we believe that Bitcoin is one of the most interesting investments you can make.
If you want to buy Bitcoin, do your own research. Read news articles. Look at technical analyses. Learn how Bitcoin works. Who knows, you might even help your friends and family get into Bitcoin!
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