bitcoin price prediction

Bitcoin (BTC) Price Prediction 2022-2030: Why Is It Going Down?

This article was last updated on October 11, 2022

Bitcoin (BTC) is the father of all cryptocurrencies. Without it, we’d probably never come across the world of crypto as we know it. It will most probably remain on top of the food chain until the end of the decade, at least. Because of that and the future potential of blockchain technology, we wanted to share with you our Bitcoin (BTC) price predictions/forecasts for the years 2022-2030.

KEY TAKEAWAYS

  • Bitcoin (BTC) is going to recover some of its previous value by the end of the year, reaching up to $20234, according to our price analysis. 2022 will be a tough year for BTC.
  • In 2025, the highest price point of Bitcoin (BTC) will be $125,782.
  • By the end of 2030, Bitcoin (BTC) will be evaluated at $211,806 at its peak, reaching a new all-time high.

Make sure to also check out our FAQ section below.

Over the past week, the price of Bitcoin (BTC) remained around $19,071.The circulation supply is 19.17 million tokens. The market cap went up to $365 billion.

Bitcoin (BTC) Technical Analysis – Today

Traders have agreed to lower prices over time to withdraw from Bitcoin, and the currency is currently in a medium-long term downward trend pattern.

This shows that investors are becoming more bearish and that Bitcoin will continue to plummet.

The currency’s support and resistance levels are $18,300 and $25,000, respectively.

The currency is rated as technically unfavorable for the medium term (next 1-2 months).

Why Is Bitcoin Going Down And Crashing?

Bitcoin is very volatile, with rapid daily increases and decreases. However, it is not the only cryptocurrency to have seen turmoil recently.

The global stock market has entered a bear market as a result of:

  • The Ukraine conflict
  • Inflationary anxieties
  • Higher interest rates, which will increase the cost of borrowing money for businesses.
  • This effect has spread to the crypto industry.

Celsius Network, a leading US bitcoin lending firm, banned withdrawals and transfers in June 2022, claiming “extreme” conditions as the reason which may have triggered the huge slump in June 2022. 

The move caused the worth of cryptocurrencies to drop below $1trillion for the first time since January of last year.

China’s continuing crackdown on cryptocurrencies also contributes. In addition, there have been rumors that crypto activities may cease in Russia.

In addition, prominent cryptocurrencies have seen unexpected and significant sell-offs. As a result, customer confidence has been shaken, resulting in more selling and thus the price of bitcoin keeps dropping. This is why our price prediction for 2022 isn’t a bright one.

Bitcoin (BTC) Price Prediction 2022-2030

Bitcoin’s future price is difficult to predict as it is reliant on a number of factors, including the performance of the Bitcoin network, global economic conditions, the stock market, and the price of other cryptocurrencies. Most importantly, it will depend on how much enterprises and companies will want to adopt Bitcoin (BTC) as a payment method or other type of asset.

However, if Bitcoin continues to crawl back from the pitfall of $17.7 thousand, it is possible that the price evaluation of BTC will easily go back to its past prime and probably even surpass it.

Keep in mind that these are mainly speculations, although supported by facts and other solid factors. With that being said, let’s head on to the interesting part.

2022 – Bitcoin (BTC) Price Prediction

Some of the financial industry’s top names have lent their weight to Bitcoin’s price prognosis. The number of collaborations and events within the crypto sector demonstrates that many people are confident in cryptocurrencies in general.

According to that and to Bitcoin’s performance over the past year, it may achieve a tremendous boost by this year’s end and go over the price point of $30,000.

More precisely, we expect the price of BTC to move between $10,000 and $25,402 as its highest price point by the end of 2022. Although it will not be as much as we’d like, this year will be the make-or-break year for the world of crypto.

2023

Many analysts have made Bitcoin price predictions for 2023, and the consensus is that the price of Bitcoin will continue to rise. This is based on a number of factors, including the increasing use of the Bitcoin cryptocurrency, the growing popularity of crypto, and the overall positive outlook for the global economy.

While it is impossible to say exactly what the price of Bitcoin will be in 2023, most experts agree that it has the potential to reach new heights. More realistically, we can expect the price of Bitcoin to reach $49,865 – $56,350 by the end of 2023, thus getting close to its all-time highs.

2024

If the growth of Bitcoin continues, we can easily see it getting massive adoption. Our price prediction for 2024 is as conservative as possible in order to not misguide you. 

However, there is one important piece in 2024 that will decide who will be getting the highest ROI and who will have missed the opportunity.

In May of 2024, we will see the next Bitcoin halving. In short, this event occurs once every 4 years and reduces the mining rates by half. The last halving was in 2020, which resulted in a miner reward of 6.25 BTC in total for each block.

Usually, when the halving appears, the price of Bitcoin skyrockets due to the reduction of the inflation rate.

Because of that, we believe that by the end of 2024, the price of Bitcoin will reach at least $75,000. If we let ourselves be a bit more speculative, we’d raise it to $90,000.

2025 – Bitcoin (BTC) Price Prediction

According to many Bitcoin enthusiasts and their price predictions, BTC prices may rise dramatically in the trading range between $110,502 and $119,395.

However, the most realistic expectation is for a midpoint of these price levels. With widespread adoption, the idea of BTC as a convenient digital asset might become a reality.

For this scenario, we must also consider that the Bitcoin network can significantly expand and develop. In that case, prices may even go as high as $125,782, but that is quite ambitious.

2026

Keeping our conservative approach, we won’t try to make ridiculous price predictions for Bitcoin in 2026.. Although many believe that by 2026 the price of BTC will be at least $138,621, we’d give a different value.

That’s because we saw what happened by the end of 2021 and through the first half of 2022. We could see a potential drop in price.

As such, we believe the price of Bitcoin will certaintly drop below $100,000. That will be until the price starts recovering yet again as investors buy the dip.

2026 is actually not too far away, but in terms of crypto, it is. We believe that Bitcoin will be evaluated at anywhere between $131,223 and $135,669 maximum.

2027

As the years go by and Bitcoin continues its expansion and proves its utility, we can easily see it growing in the evaluation as well.

By that, we mean that BTC will be evaluated at around $147,005 – $150.078. We think the lower spectrum of our price prediction will be more accurate than the higher. Yet, as we all know, the crypto market is quite unpredictable, so we will have to wait and see.

2028

In 2028, if Bitcoin comes out with new utilization and experiences further adoption, we can see it potentially reaching a price of $156,992 – $171,087.

That’s because this is when the Bitcoin halving will yet again come into play, as it does so every 4 years. You already know what that means, which is why we believe it will grow exponentially.

Hopefully, the project will continue to develop and attract even more crypto users; otherwise, it is possible that it will lose most of its value by 2028.

2029

For the last year of the decade, we believe that cryptocurrencies will have settled in for the most part. By that, we mean that tokens will be nothing out of the ordinary anymore. Not only crypto but all sorts of crypto projects too – NFTs, dApps, etc.

As such, we think Bitcoin will be moving from around $186,592 to $197,198 easily, although we can also see it reaching a price point of $200,091.

2030 – Bitcoin (BTC) Price Prediction

Crypto price predictions are always difficult, as the cryptocurrency market is highly volatile. Even more so when we are talking about eight years into the future.

Some experts have forecast that Bitcoin’s price could reach up to $211,806 by 2030. This would be a significant increase from its current price of around $23,420. However, it is important to remember that Bitcoin is growing, and so is its adoption rate, utility, and potential. Thus, a conservative approach might be more accurate only for the first half of the decade.

Bitcoin (BTC) Price Predictions 2022-2030 – Table

BTC Price PredictionMinimum PriceAverage PriceMaximum Price
2022 Price Prediction$10,774$22,344$25,402
2023 Price Prediction$10,865$32,991$56,350
2024 Price Prediction$75,000$85,281$90,000
2025 Price Prediction$88,502$114,395$125,782
2026 Price Prediction$131,223$135,669$138,621
2027 Price Prediction$101,529$134,011$143,078
2028 Price Prediction$156,992$168,115$171,087
2029 Price Prediction$166,592$191,198$200,091
2030 Price Prediction$205,192$209,101$211,806
Bitcoin (BTC) Price Prediction 2022-2030

Conclusion

Taking all of the above into consideration, everyone can be certain that BTC is a very promising investment. Thus the price predictions for BTC are exceptionally positive, mainly because the cryptocurrency is the first-ever and is a symbol of the industry itself.

Of course, as with any investment, there is no guarantee that BTC will reach the predicted price points. However, if you are looking to invest in cryptocurrency, BTC is definitely worth considering.

We will keep an eye on the development of Bitcoin and how it performs. Its potential, in tandem with our price predictions, makes us keen to see what lies in the future for Bitcoin.

ALSO READ: “Siacoin (SC) Price Prediction”

bitcoin price prediction crypto fact

FAQ

What is Bitcoin (BTC) going to be worth in 2030?

Bitcoin (BTC) is going to be worth up to $211,806 by 2030. This is a significant increase from its current price of around $23,420. Also, keep in mind that this prediction is the highest the coin will go by the end of 2030.

Is Bitcoin (BTC) going to reach $1,000,000 ?

Yes, since Bitcoin (BTC) is the first-ever cryptocurrency, it will definitely continue to grow as such for the next 10-15 years at least. Within that timeframe, we believe Bitcoin will reach $1,000,000. However, it is also possible that some unexpected events will occur, and Bitcoin will reach that price point within this decade.

Is Bitcoin (BTC) a worthy investment?

Bitcoin (BTC) is the safest possible investment one can make in the crypto market. It is the first-ever cryptocurrency, which means it will be dictating the movement of the whole market for many years ahead. Overall, if you believe in the crypto industry but want to play it safe, and if you are looking for a safe investment, you will need to either go for Bitcoin (BTC) or Ethereum (ETH).

What is Bitcoin (BTC) going to be worth in 2025?

Bitcoin (BTC) is expected to be worth around 125,782 at its highest point in 2025. However, the average price is below that, standing at around $114,395. The minimum expected price for Bitcoin (BTC) in 2025 is $88,502

Can Bitcoin (BTC) recover this year?

A lot of investors are wondering whether or not Bitcoin (BTC) can recover by the end of the year. According to our technical analysis, we will certainly see an upward trend toward the final months of the year. The price will reach up to around $25,000 by the start of 2023.

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