Bitcoin Price Prediction 2023, 2024, 2025, 2030

Bitcoin has had an extremely strong 2023, enjoying a remarkable turnaround that some analysts believe could signal the end of the crypto winter ahead of the Bitcoin halving in mid-2024.

However, BTC’s price momentum has taken a sudden turn in recent weeks, leaving many traders wondering what comes next for the world’s largest cryptocurrency.

In our Bitcoin price prediction, we’ll take a closer look at BTC’s prospects from 2023 to 2030. Read on to find out where the price of Bitcoin could be headed next.

Bitcoin Price Prediction 2023-2030

  • The current price of BTC is $26,260, up from $16,605 (58%) at the start of 2023.
  • The Bitcoin Fear and Greed index is at 46, signaling Fear, down from 55 (Greed) in August.
  • BTC was priced at almost $32k in mid-July, a near 100% increase on the January 1 price.
  • BTC briefly dipped to $25k this month, breaking huge support and signaling a bearish turn in the market.
  • Based on our analysis, Bitcoin’s price could fall to $21,500 by the end of 2023. This is a potential loss of 18% by the end of the year.
  • By the end of 2025, we expect BTC to rise to $45,200, a gain of 72.1% from today’s price.

Year Minimum Price Average Price Maximum Price
2023 $18,200 $21,525 $31,000
2024 $15,500 $25,200 $40,000
2025 $21,500 $45,200 $53,000
2030 $30,000 $69,000 $100,000

Bitcoin Price History

Bitcoin was the first cryptocurrency, created by pseudonymous creator Satoshi Nakamoto in 2009. At the time, it was also the first use of blockchain technology.

Bitcoin was largely worthless during the first several years of its existence, but started to gain traction from 2013 to 2015. In 2017, the first Bitcoin boom saw the price of BTC rise to more than $15,000. Subsequent booms in 2019 and 2021 saw BTC hit new record highs.

In 2021, Bitcoin hit its all-time high of $68,789.63. However, it fell as low as $15,760 in December 2022 in the midst of the so-called “crypto winter”, that had been affected by numerous macroeconomic factors such as rising inflation, the Russia-Ukraine War and energy crisis, the collapse of Terra and FTX and so on.

bitcoin ytd 2508

Starting in January 2023, BTC staged a turnaround. The coin gained 83% year-to-date by April 10, when it hit a high of $31,035. This price also represented a break above a key resistance level around $30,000.

Between April and the end of July, Bitcoin traded at around $30k, almost touching $32k with positive sentiment amid a wave of spot Bitcoin ETFs being applied for from the likes of BlackRock and Fidelity.

However, on August 16 and 17, BTC suffered a sharp drop, moving from $29k to $26k – a two-month low – in around 12 hours. In fact, the coin suffered its biggest one-day drop (-7.2%) since November 2022, with some attributing a Wall Street Journal report that Elon Musk’s SpaceX sold its Bitcoin holdings.

Another drop then followed in mid-September – although the $25k resistance line was not broken. In the last week the price has dropped 2.5%.

Here are some of the key events in Bitcoin’s price action:

  • Bitcoin hit an all-time high of $68,789.63 in 2021, then fell to a low of $15,760 in 2022.
  • BTC started 2023 with an 83% gain to reach a high of $31,035.
  • Bitcoin fell 7.2% in one day in mid-August, as the price plummeted from $29k to $26k in less than 24 hours.
  • BTC further dipped in early September, touching $25k but not breaking resistance.

Bitcoin Price Prediction 2023

Until mid-July, it appeared as though 2023 could be a breakout year for Bitcoin. The token was up 89.5% and both institutional and retail investors were flocking to BTC as an inflation-proof asset similar to gold, amid reports that huge investment firms were moving to offer spot Bitcoin ETFs.

However, Bitcoin’s momentum stalled and then suffered a dramatic collapse in mid-August, with the catalyst believed to be SpaceX selling off their BTC holdings. Inflation cooled down while interest rates remained high, encouraging investors to switch from holding BTC to holding treasury bills. Increasing scrutiny of the crypto market by regulators spooked many institutional investors, who have reduced their holdings in digital assets.

Right now, Bitcoin’s Fear and Greed Index is at 46, indicating fear in the market. That’s a significant change from July, when the index was as high as 62 and signaled greed. The index considers volatility, trading volume, social media sentiment, and search trends.

This storm of bad news for Bitcoin has been reflected in the coin’s price action. Bitcoin was unable to maintain a break above the key $30,000 resistance level and instead has trended downward to repeatedly test support at $26,000.

Bitcoin 2023 Support Resistance Levels

While it’s still too early to confirm, the latest break below support looks like a convincing breakdown. Bitcoin lost 5% in a day on above-average trading volume.

All of this suggests that Bitcoin could experience a bearish correction over the next several months, and potentially through the end of the year.

Looking at the BTC price chart, the token has support at $25,175, $21,525, and $18,650. Bitcoin’s slide may pause temporarily at the $25,175 level, but this weak support is unlikely to hold. $21,525 is a much stronger support that we expect will provide a longer-term price point for BTC.

In a worst-case scenario for Bitcoin investors, BTC could test its support at $18,650 or even retest its 2022 low of $15,760.

Based on these scenarios, here is our Bitcoin price prediction for 2023:

Month Potential Low Average Price Potential High
September $22,000 $26,500 $28,000
October $20,000 $24,000 $30,000
November $18,000 $25,000 $30,000
December $16,000 $26,500 $31,000

Cryptoassets are highly volatile and unregulated in most EU countries, Australia and the UK. No consumer protection. Tax on profits may apply. Your capital is at risk.

Bitcoin Price Prediction 2024

By the end of 2023, we expect the Bitcoin price to have stabilized around a support level, likely near $21,500. This level will provide a launching point for Bitcoin to recover slowly in 2024.

The macroeconomic picture for Bitcoin is expected to improve in 2024. The US Federal Reserve is widely expected to cut interest rates in 2024, which would take pressure off the crypto market and encourage investment flows into BTC.

At the same time, draft legislation that would create regulatory clarity for crypto investments in the US could reduce uncertainty for investors. While Bitcoin is regulated as a commodity in the US, more defined rules could encourage new investors to jump into crypto and hold Bitcoin.

However, we don’t expect Bitcoin to shoot upwards in 2024. These positive trends will develop slowly, and many investors will feel hesitant to go all-in on Bitcoin after the token failed to hold its breakout in 2023.

With that in mind, we expect Bitcoin will reclimb to its support/resistance level at $25,200 in 2024. It is possible that BTC will make a move higher to reclaim its 2023 high around $31,000, but this seems unlikely unless there is a significant catalyst pushing investors into BTC.

It’s also possible that Bitcoin does not benefit from the macroeconomic recovery as expected. In that case, BTC could retest its 2022 low around $15,500.


Bitcoin Price Forecast 2025

2025 will see the price of Bitcoin continue to rise as the macroeconomic tailwinds of 2024 begin to have greater effects.

Interest rates could come down further, especially if inflation remains low throughout 2024. Greater regulation of crypto altcoins could lead more investors to invest in crypto for the first time, and many of these investors are likely to hold some Bitcoin.

Furthermore, greater regulation of the crypto market could see institutional funds, such as retirement funds, open up investment into Bitcoin. This could potentially unlock trillions of dollars in retirement funds that are currently disallowed from investing in Bitcoin. Currently, Fidelity is the only major US 401(k) plan provider to offer Bitcoin investment.

Bitcoin 2025 Prediction

As a result, we expect Bitcoin to surge higher in 2025. Our 2025 Bitcoin price prediction is $45,200. While this is still well below Bitcoin’s all-time high of $68,789.63, it is roughly the price level that BTC temporarily stabilized at before and after hitting this high.

A more bullish scenario sees Bitcoin’s price rise to $53,000, the next resistance level on the Bitcoin price chart. A bearish prediction sees BTC stuck around $21,500. This scenario could happen if investors don’t flock to Bitcoin despite the token’s improving fundamentals.

2030 Bitcoin Price Prediction

Looking ahead to 2030, our Bitcoin price forecast becomes less certain. There is a lot that can happen in 7 years, particularly in an industry as fast-moving as crypto. Seven years ago, Bitcoin was priced around $600.

That said, we expect Bitcoin’s value to continue to grow. It could benefit from the introduction of Central Bank Digital Currencies (CBDCs), which should encourage a broader transition to payments using digital assets.

Bitcoin could also benefit from scarcity as the currency approaches its maximum limit of 21 million tokens. It’s estimated that all available BTC will be mined by 2140.

Our 2030 Bitcoin price prediction is $69,000, roughly in line with its 2021 all-time high. While that high was reached only briefly on exuberance in 2021, it will represent a stable value in 2030.

There is a chance that Bitcoin could finally break through the much-watched $100,000 price level. It is also possible that Bitcoin’s role in global investment will be muted. In that case, our Bitcoin price prediction is $30,000.

Potential Highs & Lows of Bitcoin Price

A lot of Bitcoin’s future value depends on factors outside the control of the crypto industry. For example, Bitcoin is more heavily impacted by interest rates and inflation than by the regulatory processes that loom over the rest of the crypto market.

As a result, it’s difficult to know what will happen especially as we look further into the future. We predict these highs and lows for Bitcoin in the years ahead:

Year Potential Low Potential High
2023 $18,200 $31,000
2024 $15,500 $40,000
2025 $21,500 $53,000
2030 $30,000 $100,000

What Do Other Analysts Predict for Bitcoin?

Bitcoin is a major global asset, and some of the smartest analysts in the world spend their days thinking about where this cryptocurrency could go next. Here are several diverse predictions from crypto analysts and institutional investment firms.

CoinCodex: $427,000 by 2025
Cryptocurrency data firm CoinCodex developed Bitcoin Rainbow Chart which predicts Bitcoin price to reach up to $427,000 by the end of 2025. The analysis is based on Bitcoin’s past volatility and cyclical nature of Bitcoin halvings, which introduce extra supply-side pressure on Bitcoin every 4 years.

TechDev_52: $160,000-$180,000 by December 2023

Crypto analyst TechDev_52 analyzed Bitcoin’s highs as a series of cycles on a logarithmic timescale. According to this unique analysis method, the next cycle should culminate in a peak in December 2023 in the range of $160,000-$180,000.

Techdev_52 Bitcoin Prediction

ARKInvest: $1 million by 2030

According to ARKInvest analyst Yassine Elmandjra, Bitcoin could reach a price of $1 million by 2030. This analysis is based on the idea that Bitcoin is still an immature market that will realize many new use cases over the next several years.

Mike McGlone, Bloomberg Intelligence: $100,000 by 2030

Mike McGlone, senior commodity analyst at Bloomberg Intelligence, told crypto brokerage that Bitcoin could reach $100,000 by 2030. McGlone sees rising demand combining with BTC scarcity to send the price of Bitcoin higher.

Cezary Graf: $2,700 upon collapse of Tether or Binance

Crypto analyst Cezary Graf sees significant risks ahead for Bitcoin. He predicted that if either Tether, the largest stablecoin, or Binance, the largest crypto exchange, were to collapse, then Bitcoin could fall as low as $2,700.

Charles Edwards, Capriole Investments: $100,000 in 2023-2024

Charles Edwards, a crypto analyst and founder of Capriole Investments, predicts that Bitcoin could reach $100,000 in the next 12 months. His prediction is based on what he calls a “bump and run” pattern on the Bitcoin price chart, which is a bullish pattern that only requires Bitcoin to remain above $22,000.

What Is Bitcoin & What’s It Used For?

Bitcoin is the world’s first cryptocurrency and its largest by market cap. It uses a proof-of-work algorithm to validate transactions in a global peer-to-peer network. Bitcoin is one of only a few cryptocurrencies that regulators in the US and around the world consider to be fully decentralized.

Bitcoin is primarily used for payments. It can be used to send money from one individual to another or to pay for goods and services online. A growing number of businesses around the world now accept Bitcoin for payment. It’s also used to send money across borders without traditional foreign transaction or currency conversion fees.

Transactions are validated and new Bitcoin is created through a process known as mining. Bitcoin mining is a lucrative industry around the world and there are many publicly traded Bitcoin mining companies.

Bitcoin has also recently been used to create NFTs through a project known as Bitcoin Ordinals.

Bitcoin Overview

Cryptocurrency Bitcoin
Ticker Symbol BTC
Rank 1
Price $25,925
Price Change 24H +1.17%
Market Cap $505,090,782,226
Circulating Supply 19,394,543 BTC
Trading Volume $21,979,504,995
All Time High $68,789.63
All Time Low $0.00

What Influences the Price of Bitcoin?

Bitcoin is influenced by a wide variety of factors both within the crypto market and in the global economy.

First, within the crypto market, Bitcoin is a sort of reserve currency. When the crypto market is doing well, money typically flows out of Bitcoin and into more speculative investments. When the crypto market is performing poorly, crypto investors often retreat to Bitcoin.

So, the price of Bitcoin can rise even in a crypto bear market, at least to the extent that investors do not exit crypto entirely.

Bitcoin is also influenced by macroeconomic factors like inflation and interest rates. In general, high inflation is seen as positive for Bitcoin because it is considered an inflation-proof asset. However, high interest rates are bad for Bitcoin because they encourage investment in safer yield-generating assets like treasuries and bonds.

The regulatory environment around the crypto market can also influence Bitcoin’s price. Bitcoin is generally unaffected by new regulations targeting altcoins. However, new regulations or fear of regulations can push investors into Bitcoin as opposed to other digital assets.

Finally, the price of Bitcoin is influenced by supply and demand. The supply of Bitcoin increases as new BTC is mined, but the maximum supply is limited to 21 million BTC. Demand can vary widely based on interest in crypto investing, adoption of BTC as a payment method, and more.

Is Bitcoin a Buy?

Should I buy Bitcoin or wait for another price drop? Our Bitcoin price prediction sees BTC fall 17% to $21,525 by the end of 2023. Bitcoin is currently in a bearish price pattern and is unlikely to make a significant recovery by the end of the year.

However, investors with a long-term horizon may find opportunities to buy Bitcoin at a bargain towards the end of the year. We predict that Bitcoin will recover to $25,200 in 2024 and then rise to $45,200 in 2025.

By 2030, we predict that Bitcoin could reach $69,000. Other crypto analysts suggest even higher price targets ranging from $100,000 to $1 million.

Keep in mind that all Bitcoin forecasts are predictions. There is no guarantee that Bitcoin will go up over any timeframe and it is difficult to predict what global economic events could impact the price of BTC in the future.

Best Bitcoin Alternatives

While Bitcoin is considered the ‘safest’ crypto investment and is far and away the most popular crypto to buy, it is definitely not the most profitable investment.

In fact, because of its sheer size, it is incredibly difficult for BTC to make considerable gains – for example, a move from its current price of ~$30,000 to $100,000 would be an increase of 233.33%. other options can offer much sharper price potential.

So although Bitcoin is a staple in any crypto investment portfolio, there are multiple alternatives that could yield much better returns. Bitcoin BSC ($BTCBSC) is one such option. 

Investor interest has been huge since launch with more than $5 million raised in the presale in three weeks and around 2.5 million tokens locked into the staking pool, which is currently offering an estimated APY of 105%.

It is a new Bitcoin variant but enhanced with multiple new features that investors might find extremely appealing. It is priced at just $0.99, which is the same price as Bitcoin in 2011, and has a total supply of 21 million tokens. 

But this new token launches on the most more efficient BNB Smart Chain, which is faster, lower cost, and more eco-friendly. A long-standing criticism of Bitcoin has been that it was damaging to the environment, but this is no longer a concern with this new edition. 

bitcoin bsc 2509

Gas fees through BSC are extremely low compared to other blockchains, such as ETH or BTC. Additionally, 69% of the tokens are being vested for a period of 120 years, which helps with price stability and project longevity, as opposed to the quick profit-taking seen in other presales. 

This token is designed to generate returns to stakers for many years to come, according to its website. The more tokens staked, the more that is earned proportionally, which is a major incentive. 

The initial market cap is $6,063,750. That is a total of 6,125,000 tokens, or about 29% of the overall supply. To take part in the presale, ETH or USDT are required, though card payment is also acceptable through the Wert third-party provider. 

This token has just launched and could be the perfect alternative to Bitcoin, due to its staking rewards, much-enhanced blockchain, and long vesting period. More information can be found in the Whitepaper, Telegram, and Twitter pages. 


Bitcoin is the world’s largest cryptocurrency and a significant focus for anyone who thinks about the future of crypto. Bitcoin has had a great start to 2023, but its momentum has now been bearing in recent weeks.

We predict a bullish long-term future for Bitcoin, especially with the upcoming Bitcoin halving in mid-2024 – which has historically been a major catalyst for crypto bull runs – but investors may need to be patient in the meantime.

Looking for cryptocurrencies with more potential than Bitcoin? Check out our guide to the best cryptocurrencies to buy today.

Cryptoassets are highly volatile and unregulated in most EU countries, Australia and the UK. No consumer protection. Tax on profits may apply. Your capital is at risk.



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Michael Graw

Michael Graw is an experienced writer from Bellingham, Washington who covers finance, crypto, and technology topics for Techopedia. His work has been published on numerous leading publications, such as TechRadar and Tom’s Guide.