- Bullish BTC price prediction for 2023 is $30915.71 to $37732.54.
- Bitcoin (BTC) price might reach $40000 soon.
- Bearish (BTC) price prediction for 2023 is $21625.87.
In this Bitcoin (BTC) price prediction 2023, 2024-2030, we will analyze the price patterns of BTC by using accurate trader-friendly technical analysis indicators and predict the future movement of the cryptocurrency.
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TABLE OF CONTENTS |
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INTRODUCTION |
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BITCOIN (BTC) PRICE PREDICTION 2023 |
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| BITCOIN (BTC) PRICE PREDICTION 2024, 2025, 2026-2030 |
| CONCLUSION |
| FAQ |
Bitcoin (BTC) Current Market Status
| Current Price | $25,779.21 | 24 – Hour Price Change | 0.90% Down |
| 24 – Hour Trading Volume | $17,910,677,875 |
| Market Cap | $502,016,773,338 |
| Circulating Supply | 19,474,068 BTC | All – Time High | $68,789.63 (On November 10, 2021) |
| All – Time Low | $0.04865 (On Jul 14, 2010) |
What is Bitcoin (BTC)?
| TICKER | BTC |
| BLOCKCHAIN | Bitcoin |
| CATEGORY | Bitcoin |
| LAUNCHED ON | January 2009 |
| UTILITIES | A store of value |
Bitcoin (BTC) is the pioneer decentralized digital currency built on the peer-to-peer blockchain network Bitcoin. Pseudonymous founder(s) Satoshi Nakamoto introduced BTC and the blockchain in 2009, laying the foundation for the advent of numerous cryptocurrencies.
Bitcoin is the first generation of blockchain technology that is based on the proof-of-work (PoW) consensus. By PoW, validators secure every transaction on the blockchain through a complex, energy-consuming mechanism called “mining.” Since its inception, the creators fixed the cryptocurrency’s supply cap at 21 million. Less than 1.7 million BTC are only left to be mined, as of March 2023.
Notably, Bitcoin (BTC) transformed to become the most popular virtual currency in the global financial economy – TradeFi and DeFi. It dominates the crypto market by being the first largest cryptocurrency by market capitalization. Remarkably, Bitcoin became the first cryptocurrency to get legal recognition from some global nations. El Salvador declared BTC as one of the country’s legal tenders. Bitcoin adoption accelerated since 2020 – BTC as the payment option in every domain from retail to education and the launch of real-world Bitcoin ATMs. Several other countries are in the process of adopting a crypto regulatory framework. Alongside the popularity among traders and investors, BTC also received criticisms and labels such as “mother of all bubbles.”
Bitcoin 24H Technicals
(Source: TradingView)
Bitcoin (BTC) Price Prediction 2023
Bitcoin (BTC) ranks 1st on CoinMarketCap in terms of its market capitalization. The overview of the Bitcoin price prediction for 2023 is explained below with a daily time frame.
BTC/USDT Triple Bottom Pattern (Source: TradingView)
In the above chart, Bitcoin (BTC) laid out the Triple Bottom pattern. A triple bottom is a pattern that can be seen that depicts buyers regaining control over price movement from sellers. It is typically thought of as three about equal lows that bounce off support and then break through resistance. A chance to take a bullish position is identified when a triple bottom forms.
At the time of analysis, the price of Bitcoin (BTC) was recorded at $25,779.21. If the pattern trend continues, then the price of BTC might reach the resistance levels of $ 27838.09, $31309.53, and $36801.10. If the trend reverses, then the price of BTC may fall to the support of $24678.60.
Bitcoin (BTC) Resistance and Support Levels
The chart given below elucidates the possible resistance and support levels of Bitcoin (BTC) in 2023.
BTC/USDT Resistance and Support Levels (Source: TradingView)
From the above chart, we can analyze and identify the following as resistance and support levels of Bitcoin (BTC) for 2023.
| Resistance Level 1 | $30915.71 |
| Resistance Level 2 | $37732.54 |
| Support Level 1 | $25174.35 |
| Support Level 2 | $21625.87 |
BTC Resistance & Support Levels
Bitcoin (BTC) Price Prediction 2023 — RVOL, MA, and RSI
The technical analysis indicators such as Relative Volume (RVOL), Moving Average (MA), and Relative Strength Index (RSI) of Bitcoin (BTC) are shown in the chart below.
BTC/USDT RVOL, MA, RSI (Source: TradingView)
From the readings on the chart above, we can make the following inferences regarding the current Bitcoin (BTC) market in 2023.
| INDICATOR | PURPOSE | READING | INFERENCE |
| 50-Day Moving Average (50MA) | Nature of the current trend by comparing the average price over 50 days | 50 MA = $28461.85Price = $25794.12 (50MA > Price) |
Bearish(Downtrend) |
| Relative Strength Index (RSI) | Magnitude of price change;Analyzing oversold & overbought conditions | 35.26 <30 = Oversold 50-70 = Neutral>70 = Overbought |
Nearly Oversold |
| Relative Volume (RVOL) | Asset’s trading volume in relation to its recent average volumes | Below cutoff line | Weak Volume |
Bitcoin (BTC) Price Prediction 2023 — ADX, RVI
In the below chart, we analyze the strength and volatility of Bitcoin (BTC) using the following technical analysis indicators — Average Directional Index (ADX) and Relative Volatility Index (RVI).
BTC/USDT ADX, RVI (Source: TradingView)
From the readings on the chart above, we can make the following inferences regarding the price momentum of Bitcoin (BTC).
| INDICATOR | PURPOSE | READING | INFERENCE |
| Average Directional Index (ADX) | Strength of the trend momentum | 37.76 | Strong Trend |
| Relative Volatility Index (RVI) | Volatility over a specific period | 25.85
<50 = Low |
Low Volatility |
Comparison of BTC with ETH
Let us now compare the price movements of Bitcoin (BTC) with that of Ethereum (ETH).
BTC Vs ETH Price Comparison (Source: TradingView)
From the above chart, we can interpret that the price action of BTC is similar to that of ETH. That is, when the price of ETH increases or decreases, the price of BTC also increases or decreases respectively.
Bitcoin (BTC) Price Prediction 2024, 2025 – 2030
With the help of the aforementioned technical analysis indicators and trend patterns, let us predict the price of Bitcoin (BTC) between 2024, 2025, 2026, 2027, 2028, 2029 and 2030.
| Year | Bullish Price | Bearish Price |
| Bitcoin (BTC) Price Prediction 2024 | $40050 | $21650 |
| Bitcoin (BTC) Price Prediction 2025 | $40100 | $21680 |
| Bitcoin (BTC) Price Prediction 2026 | $40150 | $21700 |
| Bitcoin (BTC) Price Prediction 2027 | $40200 | $21720 |
| Bitcoin (BTC) Price Prediction 2028 | $40250 | $21740 |
| Bitcoin (BTC) Price Prediction 2029 | $40300 | $21750 |
| Bitcoin (BTC) Price Prediction 2030 | $40350 | $21760 |
Conclusion
If Bitcoin (BTC) establishes itself as a good investment in 2023, this year would be favorable to the cryptocurrency. In conclusion, the bullish Bitcoin (BTC) price prediction for 2023 is $37732.54. Comparatively, if unfavorable sentiment is triggered, the bearish Bitcoin (BTC) price prediction for 2023 is $21625.87.
If the market momentum and investors’ sentiment positively elevates, then Bitcoin (BTC) might hit $40000. Furthermore, with future upgrades and advancements in the Bitcoin ecosystem, BTC might surpass its current all-time high (ATH) of $68,789.63 and mark its new ATH.
FAQ
1. What is Bitcoin (BTC)?
Bitcoin (BTC) is the pioneer decentralized digital currency built on the peer-to-peer blockchain network Bitcoin.
2. Where can you buy Bitcoin (BTC)?
Traders can trade Bitcoin (BTC) on the following cryptocurrency exchanges such as Binance, OKX, LBank, WEEX, and Deepcoin.
3. Will Bitcoin (BTC) record a new ATH soon?
With the ongoing developments and upgrades within the Bitcoin platform, Bitcoin (BTC) has a high possibility of reaching its ATH soon.
4. What is the current all-time high (ATH) of Bitcoin (BTC)?
Bitcoin (BTC) hit its current all-time high (ATH) of $68,789.63 On Nov 10, 2021.
5. What is the lowest price of Bitcoin (BTC)?
According to CoinMarketCap, BTC hit its all-time low (ATL) of $0.04865 on Jul 14, 2010.
6. Will Bitcoin (BTC) hit $40000?
If Bitcoin (BTC) becomes one of the active cryptocurrencies that majorly maintain a bullish trend, it might rally to hit $40000 soon.
7. What will be the Bitcoin (BTC) price by 2024?
Bitcoin (BTC) price might reach $40050 by 2024.
8. What will be the Bitcoin (BTC) price by 2025?
Bitcoin (BTC) price might reach $40100 by 2025.
9. What will be the Bitcoin (BTC) price by 2026?
Bitcoin (BTC) price might reach $40150 by 2026.
10. What will be the Bitcoin (BTC) price by 2027?
Bitcoin (BTC) price might reach $40200 by 2027.
Top Crypto Predictions
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Disclaimer: The opinion expressed in this chart is solely the author’s. It does not represent any investment advice. TheNewsCrypto team encourages all to do their own research before investing.
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- Source: https://thenewscrypto.com/bitcoin-btc-price-prediction/
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