Bitcoin Price Offers a Buying Opportunity, Analysts Say (2024)

FAQs

What is the analyst forecast for Bitcoin? ›

Our most recent Bitcoin price forecast indicates that its value will increase by 13.21% and reach $70,722 by May 10, 2024. Our technical indicators signal about the Bearish Bullish 43% market sentiment on Bitcoin, while the Fear & Greed Index is displaying a score of 64 (Greed).

So, what are the experts saying about Bitcoin's 2025 price? Buckle up, because the ride gets wild. Some analysts, riding the wave of optimism, predict a meteoric rise to $141,000, fueled by factors like a potential Bitcoin ETF approval.

If Wood is correct and Bitcoin does reach $3.8 million by 2030, an investment of $1,000 would be worth over $60,000. This would result in a compound annual growth rate (CAGR) of over 100%. Read Next: Bitcoin has jumped another 45% already this year – how much would you need to get started today?

Similarly to the prediction for 2040, we've used Bitcoin's 3-year CAGR of about 19% to calculate what the price of Bitcoin would be in 2050 based on those parameters. According to the calculation, Bitcoin's price could increase to $5,411,000 by 2050 and grow by more than +10,980% over the next 27 years.

Bitcoin's Price History

Notably, Cathie Wood, CEO of Ark Invest, predicted that bitcoin could reach an astounding $1.48 million by 2030. Obviously, the world's oldest cryptocurrency has come a long way since its first recorded price of less than a cent.

In its 2023 Big Ideas report, Ark Invest laid out several price targets for Bitcoin. The report sees Bitcoin hitting price targets in 2030 of $257,500 in the bearish forecast, $682,000 in an average market and $1.48 million in a bullish market.

Bitcoin Price Prediction 2024

Rising hopes for interest rate cuts in the US market will bolster BTC's price uptrend. Therefore, 2024 is highly anticipated to be a bullish year for Bitcoin, with a potential high of around $120,000 and a potential low of $35,000.

Given these factors, the case for investing in Bitcoin remains highly relevant, especially for investors with long-term horizons. While short-term market fluctuations may cause uncertainty, Bitcoin's underlying fundamentals remain robust, making it a resilient asset for wealth preservation and long-term growth.

A recent report predicts that Bitcoin will reach a new all-time high in 2024. Bitcoin (BTC) is expected to reach a new record of $88,000 (€82,000) throughout the year, before it settles around $77,000 at the end of 2024, according to a new report. The cryptocurrency's current price sits at around $43,000.

How much would I have if I invested $10,000 in Bitcoin in 2010? ›

To be exact, a Bitcoin investor who purchased $10,000 worth of Bitcoin in 2010 would have earned $201.56 mln. In contrast, an investor who purchased $10,000 worth of gold in 2010 would have experienced a negative return of $9,981.

Assuming a constant monthly investment of $500 for 10 years and a bitcoin price of $1 million per coin at the end, you would earn a profit of approximately $4.8 million.

DOGE price predictions 2040

CoinMarketCap forecasts Dogecoin's value to surge, potentially hitting an all-time high of approximately $2.107 as demand continues to rise. Coinjournal offers a more bullish outlook, projecting a price of around $4.70 for Dogecoin in 2040.

BTC hits $70k for first time ever

Previously, its peak hovered around $68,000, making this a significant milestone—especially considering it was trading under $20k at the beginning of 2023. This remarkable surge reflects growing investor confidence and heightened interest in cryptocurrency as a viable asset class.

LONDON, Feb 28 (Reuters) - Bitcoin hit $60,000 on Wednesday for the first time in more than two years, as a surge of capital into new U.S. spot bitcoin exchange-traded products fuelled a rally that has reached 42% this month, on track for its largest monthly gain since December 2020.

Bitcoin, it found, is likely to hit an average peak price of $87,875 in 2024, with some experts predicting it will climb as high as $200,000. On the flip side, the average lowest price Bitcoin could hit by the end of 2024, is seen as $35,734, the report said, with some predicting it will fall as low as $20,000.

Analyst Price Predictions

Renowned bitcoin analyst PlanB predicts a potential all-time high of $524,000 for bitcoin in the next four years. Analysts at Blockware Solutions suggest that the 2024 bitcoin halving could propel the price to a staggering $400,000.

By the end of 2025, we expect BTC to have hit a new all-time high (ATH) around $102,000, then drop close to $65,000 by the end of the year—which will become positive support for the crypto's price.

According to our current Bitcoin price prediction, the price of Bitcoin is predicted to rise by 33.25% and reach $ 81,995 by June 7, 2024. Per our technical indicators, the current sentiment is Neutral while the Fear & Greed Index is showing 55 (Greed).