Explore short and medium-term Bitcoin price prediction analysis and check long-term Bitcoin forecasts for 2025, 2030, and beyond
5-Day Prediction
$ 70,045
1-Month Prediction
$ 81,078
3-Month Prediction
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6-Month Prediction
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1-Year Prediction
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2025 Prediction
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2030 Prediction
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2040 Prediction
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2050 Prediction
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Current Price | $ 60,564 |
---|---|
Price Prediction | $ 81,078 (34.31%) |
Fear & Greed Index | 67 (Greed) |
Sentiment | Bearish |
Volatility | 4.05% |
Green Days | 16/30 (53%) |
50-Day SMA | $ 66,848 |
200-Day SMA | $ 48,075 |
14-Day RSI | 45.77 |
According to our current Bitcoin price prediction, the price of Bitcoin is predicted to rise by 34.31% and reach $ 81,078 by May 30, 2024. Per our technical indicators, the current sentiment is Bearish while the Fear & Greed Index is showing 67 (Greed). Bitcoin recorded 16/30 (53%) green days with 4.05% price volatility over the last 30 days. Based on the Bitcoin forecast, it's now a bad time to buy Bitcoin.
Disclaimer: This is not investment advice. The information provided is for general information purposes only. No information, materials, services and other content provided on this page constitute a solicitation, recommendation, endorsem*nt, or any financial, investment, or other advice. Seek independent professional consultation in the form of legal, financial, and fiscal advice before making any investment decision.
Long-term Bitcoin price prediction for 2025, 2026, 2027, 2028, 2029 and 2030
Based on the historical price movements of Bitcoin and the BTC halving cycles, the yearly low Bitcoin price prediction for 2025 is estimated at $ 60,969. Meanwhile, the price of Bitcoin is predicted to reach as high as $ 159,136 next year. Using the same basis, here is the Bitcoin price prediction for each year up until 2030.
Year | Yearly Low | Yearly High |
---|---|---|
2025 | $ 60,969 | $ 159,136 |
2026 | $ 105,674 | $ 177,384 |
2027 | $ 87,474 | $ 105,777 |
2028 | $ 76,257 | $ 132,118 |
2029 | $ 120,954 | $ 214,876 |
2030 | $ 137,357 | $ 305,028 |
Bitcoin price prediction 2025
The Bitcoin price prediction for 2025 is currently between $ 60,969 on the lower end and $ 159,136 on the high end. Compared to today’s price, Bitcoin could gain
Bitcoin price prediction 2030
The Bitcoin price prediction for 2030 is currently between $ 137,357 on the lower end and $ 305,028 on the high end. Compared to today’s price, Bitcoin could gain
Bitcoin Price Forecast Based on Technical Analysis
Based on data from April 30, 2024 at 19:12, the general Bitcoin price prediction sentiment is bearish, with 12 technical analysis indicators signaling bullish signals, and 17 signaling bearish signals.
BTC price prediction was last updated on April 30, 2024 at 19:12.
Bitcoin's 50-Day, 200-Day Simple Moving Averages and 14-Day Relative Strenght Index - RSI (14)
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Based on our technical indicators, Bitcoin's 200-day SMA will rise in the next month and will hit $ 54,249 by May 30, 2024. Bitcoin's short-term 50-Day SMA is estimated to hit $ 70,064 by May 30, 2024.
The Relative Strength Index (RSI) momentum oscillator is a popular indicator that signals whether a cryptocurrency is oversold (below 30) or overbought (above 70). Currently, the RSI value is at 45.77, which indicates that the BTC market is in a neutral position.
Popular BTC Moving Averages and Oscillators for Tue, Apr 30, 2024
Moving averages (MA) are a popular indicator in all financial markets, designed to smooth price action over a certain amount of time. They are a lagging indicator which means they are influenced by historical price activity. In the table below you can find two types of moving averages, simple moving average (SMA) and exponential moving average (EMA).
Daily Simple Moving Average (SMA)
Period | Value | Action |
---|---|---|
SMA 3 | $ 63,996 | SELL |
SMA 5 | $ 64,396 | SELL |
SMA 10 | $ 65,990 | SELL |
SMA 21 | $ 65,700 | SELL |
SMA 50 | $ 66,848 | SELL |
SMA 100 | $ 58,891 | BUY |
SMA 200 | $ 48,075 | BUY |
Daily Exponential Moving Average (EMA)
Period | Value | Action |
---|---|---|
EMA 3 | $ 63,877 | SELL |
EMA 5 | $ 64,361 | SELL |
EMA 10 | $ 65,578 | SELL |
EMA 21 | $ 66,604 | SELL |
EMA 50 | $ 64,614 | SELL |
EMA 100 | $ 58,750 | BUY |
EMA 200 | $ 50,263 | BUY |
Weekly Simple Moving Average (SMA)
Period | Value | Action |
---|---|---|
SMA 21 | $ 70,791 | SELL |
SMA 50 | $ 46,494 | BUY |
SMA 100 | $ 34,062 | BUY |
SMA 200 | $ 36,232 | BUY |
Weekly Exponential Moving Average (EMA)
Period | Value | Action |
---|---|---|
EMA 21 | $ 54,717 | BUY |
EMA 50 | $ 43,774 | BUY |
EMA 100 | $ 37,266 | BUY |
EMA 200 | $ 31,400 | BUY |
Bitcoin Oscillators
An oscillator is a technical analysis tool that constructs high and low bands between two extreme values, and then builds a trend indicator that fluctuates within these bounds. Traders use the trend indicator to discover short-term overbought or oversold conditions.
Period | Value | Action |
---|---|---|
RSI (14) | 45.77 | NEUTRAL |
Stoch RSI (14) | 100.00 | SELL |
Stochastic Fast (14) | 54.85 | NEUTRAL |
Commodity Channel Index (20) | -66.67 | NEUTRAL |
Average Directional Index (14) | 21.61 | NEUTRAL |
Awesome Oscillator (5, 34) | -3,012.72 | NEUTRAL |
Momentum (10) | -147.98 | NEUTRAL |
MACD (12, 26) | -139.91 | NEUTRAL |
Williams Percent Range (14) | -45.15 | NEUTRAL |
Ultimate Oscillator (7, 14, 28) | 50.98 | NEUTRAL |
VWMA (10) | 64,621.49 | SELL |
Hull Moving Average (9) | 62,874.87 | BUY |
Ichimoku Cloud B/L (9, 26, 52, 26) | 66,229.31 | NEUTRAL |
Bitcoin Key Price Levels
Based on today's classical pivot point (P1) with the value of $ 63,241, Bitcoin has support levels of $ 62,413, $ 61,007, and the strongest at $ 60,179. Similarly, Bitcoin resistance levels are at $ 64,647, $ 65,475, and $ 66,881.
Support Levels
# | Price | Strength |
---|---|---|
S1 | $ 62,413 | |
S2 | $ 61,007 | |
S3 | $ 60,179 |
Resistance Levels
# | Price | Strength |
---|---|---|
R1 | $ 64,647 | |
R2 | $ 65,475 | |
R3 | $ 66,881 |
Bitcoin Correlation
Over the past 7 days, Bitcoin price was most positively correlated with the price of Jasmy (JASMY), Cardano (ADA), XRP (XRP), Klaytn (KLAY) and Dogecoin (DOGE) and most negatively correlated with the price of TRON (TRX), Helium (HNT), UNUS SED LEO (LEO), Monero (XMR) and Wormhole (W).
Positively Correlated Currencies
Name | Correlation |
---|---|
| 0.966 |
| 0.965 |
| 0.965 |
| 0.964 |
| 0.963 |
Negatively Correlated Currencies
Name | Correlation |
---|---|
| -0.656 |
| -0.567 |
| -0.341 |
| -0.136 |
| -0.121 |
Bitcoin price is positively correlated with the top 10 coins by market cap with a price of 0.778, excluding Tether (USDT) and positively correlated with the top 100 coins by market cap excluding all stablecoins with a price of 0.755.
Currencies that are positively correlated with Bitcoin indicate that the movement of one has a statistically significant weight to lead the other in the same direction. For currencies that are negatively correlated with Bitcoin, a move in one direction for Bitcoin would translate into a move in the opposite direction for the negatively correlated coin.
Bitcoin Price Prediction for Tomorrow and Next Week
Date | Price | Change |
---|---|---|
May 1, 2024 | $ 60,969 | 1.00% |
May 2, 2024 | $ 64,763 | 7.29% |
May 3, 2024 | $ 68,557 | 13.57% |
May 4, 2024 | $ 69,536 | 15.19% |
May 5, 2024 | $ 70,045 | 16.04% |
May 6, 2024 | $ 70,748 | 17.20% |
May 7, 2024 | $ 71,527 | 18.49% |
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The Bitcoin price forecast for the next 30 days is a projection based on the positive/negative trends in the past 30 days. Based on these Bitcoin projections, BTC will be changing hands at $ 71,527 on May 7, 2024, gaining
Bitcoin Historical Price Performance
Change | 1H | 24H | 7D | 1M | 3M | 6M | YTD | 1Y | 3Y | 5Y | ALL |
---|---|---|---|---|---|---|---|---|---|---|---|
BTC/USD | |||||||||||
BTC/ETH | |||||||||||
BTC/USDT |
To get a better idea of what could happen to the Bitcoin price in the future, it’s helpful to also explore Bitcoin’s price history. In the last month, the BTC/USD pair is down .
Date | Open | High | Low | Close | Volume | Market Cap |
---|---|---|---|---|---|---|
Apr 30, 2023 | $ 29,230 | $ 29,885 | $ 29,097 | $ 29,311 | $ 27.35B | $ 567.81B |
Apr 30, 2022 | $ 38,600 | $ 38,768 | $ 37,653 | $ 37,660 | $ 56.36B | $ 732.44B |
Apr 30, 2021 | $ 53,549 | $ 57,815 | $ 53,099 | $ 57,759 | $ 81.51B | $ 1.03T |
Apr 30, 2020 | $ 8,756.43 | $ 9,425.80 | $ 8,476.20 | $ 8,607.33 | $ 56.29B | $ 163.08B |
Apr 30, 2019 | $ 5,258.60 | $ 5,366.91 | $ 5,153.65 | $ 5,305.98 | $ 12.97B | $ 93.25B |
Full History
Bitcoin Price Prediction FAQ
What is Bitcoin's price prediction today?
Based on our Bitcoin prediction chart, the price of Bitcoin will increase by
What is Bitcoin price prediction for tomorrow?
Bitcoin is predicted to gain
What is the Bitcoin price prediction for this week?
According to our Bitcoin price prediction, BTC is forecasted to trade within a price range of $ 60,969 and $ 70,748 this week. Bitcoin will increase by
What is the Bitcoin price prediction for next week?
The Bitcoin price prediction for next week is between $ 70,748 on the lower end and $ 74,268 on the high end. Based on our BTC price prediction chart, the price of Bitcoin will increase by
What is the Bitcoin price prediction for 2024?
Bitcoin is forecasted to trade within a range of $ 60,969 and $ 112,332. If it reaches the upper price target, BTC could increase by
What is the Bitcoin price prediction for 2025?
According to our Bitcoin price prediction, BTC is forecasted to trade within a price range of $ 60,969 and $ 159,136 next year. Bitcoin will increase by
What is the Bitcoin price prediction for 2030?
The Bitcoin price prediction for 2030 is between $ 137,357 on the lower end and $ 305,028 on the high end. Based on our BTC price prediction chart, the price of Bitcoin could gain
Will Bitcoin reach $100,000?
Bitcoin would need to gain
Will Bitcoin reach $1 million?
Bitcoin would need to gain
What is the current Bitcoin sentiment?
The current Bitcoin sentiment is bearish according to our technical analysis. The majority of technical indicators are showing sell.
What is the Bitcoin Fear & Greed Index and what does it indicate?
Currently, the Bitcoin Fear & Greed Index stands at 67, which means that investors’ sentiment is in the so-called Greed zone.
The Fear & Greed Index combines several market and investment indicators, including 30- and 90-day volatility, trading volume, social media activity, and Google Trends data. The Fear & Greed Index can be a useful measure of Bitcoin investors’ sentiment, and is based primarily on Bitcoin-related market data.
Overall, the Fear & Greed Index indicates the current sentiment of the market, as follows: 0-24 extreme fear, 25-49 fear, 50 neutral, 51-75 greed, and 76-100 extreme greed. Some traders interpret a prevalent negative sentiment as a good buying opportunity, while a prevalent positive sentiment can be a good opportunity to sell.
Is it profitable to invest in Bitcoin?
Over the last 30 days, Bitcoin had 16/30 (53%) green days. According to our historical data, it is currently not profitable to invest in Bitcoin. The price of Bitcoin increased by 116.36% in the last 1 year, while the coin’s 3-year performance is 5.25%.
Is Bitcoin a good buy in 2024?
Based on multiple technical quantitative indicators, the current forecast for Bitcoin in 2024 is bearish. This could be an indication that Bitcoin is a bad buy in 2024. However, it’s important to consider both technical factors (price history) and fundamental factors (on-chain activity and development) before making the decision to buy Bitcoin or not.
What will the price of Bitcoin be next week?
According to our Bitcoin forecast, the price of Bitcoin will increase by 16.04% over the next week and reach $ 70,045 by May 5, 2024.
What will the price of Bitcoin be next month?
According to our Bitcoin forecast, the price of Bitcoin will increase by 34.31% over the next month and reach $ 81,078 by May 30, 2024.
What is Bitcoin's 50-Day SMA and what does it indicate?
Bitcoin’s 50-day SMA (simple moving average) is currently $ 66,848. The 50-day SMA indicates the average price of Bitcoin over a 50-day period. The 50-day SMA is commonly used to gauge the price trend of an asset over an intermediate period of time. A rising 50-day SMA indicates a positive BTC price trend in the medium term, while a dropping SMA indicates the opposite.
The 50-day SMA is calculated by adding together Bitcoin’s closing prices in the last 50 days, and dividing the total by 50.
What is Bitcoin's 200-Day SMA and what does it indicate?
Bitcoin’s 200-day is currently $ 48,075. The 200-day SMA is a popular indicator that’s used to determine an asset’s long-term price trend. A rising Bitcoin 200-day SMA indicates a positive long-term trend. Meanwhile, a falling 200-day SMA shows that BTC has been trending downwards over the long term.
Many cryptocurrency traders pay close attention to the markets when the current Bitcoin price crosses an important moving average like the 200-day SMA.
The 200-day SMA is calculated by taking Bitcoin’s closing prices in the last 200 days, adding them together, and dividing the total by 200.
What is Bitcoin's 14-day RSI and what does it indicate?
Bitcoin’s 14-day RSI is at 45.77, indicating that BTC is currently neutral.
The RSI (Relative Strength Index) is a very popular technical indicator used to analyze prices of a variety of assets, including Bitcoin. Most commonly, the RSI is used on a 14-day time frame. The RSI is used to gauge momentum in the market. The readings produced by the RSI indicator range from 0 to 100, with 30 and 70 being important levels. An RSI reading under 30 indicates that the asset is currently undervalued, while an RSI reading above 70 indicates that the asset is currently overvalued.
Will Bitcoin go back up?
Based on our algorithmically generated price prediction for Bitcoin, the price of BTC is expected to decrease by
How does our price prediction for Bitcoin work?
The Bitcoin price prediction on CoinCodex is calculated using the historical Bitcoin price dataset, accounting for past volatility and market movements. In addition, the algorithm uses the cyclical nature of Bitcoin halvings, which introduce extra supply-side pressure on BTC every 4 years. This has historically played a pivotal role in cryptocurrency markets and is a major component of creating a realistic Bitcoin prediction.
Bitcoin Price Analysis
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How to read and predict Bitcoin price movements?
Bitcoin traders use a variety of tools to try and determine the direction in which the BTC market is likely to head next. These tools can roughly be divided into indicators and chart patterns. When trying to predict the Bitcoin price, traders also try to identify important support and resistance levels, which can give an indication of when a downtrend is likely to slow down and when an uptrend is likely to stall.
Bitcoin Price Prediction Indicators
Moving averages are among the most popular Bitcoin price prediction tools. As the name suggests, a moving average provides the average closing price for BTC over a selected time frame, which is divided into a number of periods of the same length. For example, a 12-day simple moving average for BTC is a sum of BTC’s closing prices over the last 12 days which is then divided by 12.
In addition to the simple moving average (SMA), traders also use another type of moving average called the exponential moving average (EMA). The EMA gives more weight to more recent prices, and therefore reacts more quickly to recent price action.
50-day, 100-day and 200-day moving averages are among the most commonly used indicators in the crypto market to identify important resistance and support levels. If the BTC price moves above any of these averages, it is generally seen as a bullish sign for Bitcoin. Conversely, a drop below an important moving average is usually a sign of weakness in the BTC market.
Traders also like to use the RSI and Fibonacci retracement level indicators to try and ascertain the future direction of the BTC price.
How to read Bitcoin charts and predict price movements?
Most traders use candlestick charts, as they provide more information than a simple line chart. Traders can view candlesticks that represent the price action of Bitcoin with different granularity – for example, you could choose a 5-minute candlestick chart for extremely short-term price action or choose a weekly candlestick chart to identify long-terms trends. 1-hour, 4-hour and 1-day candlestick charts are among the most popular.
Let’s use a 1-hour candlestick chart as an example of how this type of price chart gives us information about opening and closing prices. The chart is divided into “candles” that give us information about Bitcoin’s price action in 1-hour chunks. Each candlestick will display BTC’s opening price, closing price, as well as the highest and lowest prices that Bitcoin reached within the 1-hour period.
It’s also important to pay attention to the color of the candle – a green candle means that the closing price was higher than the opening price, while a red candle tells us the opposite. Some charts will use hollow and filled candlestick bodies instead of colors to represent the same thing.
What affects the price of Bitcoin?
Just like with any other asset, the price action of Bitcoin is driven by supply and demand. These dynamics can be influenced by fundamental events such as block reward halvings, hard forks or new protocol updates. Regulations, adoption by companies and governments, cryptocurrency exchange hacks, and other real-world events can also affect the price of BTC. The market capitalization of Bitcoin can change significantly in a short period of time.
When trying to make a Bitcoin forecast, many traders also try to monitor the activity of BTC “whales”, which are entities and individuals that control large amounts of BTC. Since the Bitcoin market is relatively small compared to traditional markets, “whales” can single-handedly have a big influence on Bitcoin’s price movements.
Bullish and bearish price prediction patterns
Some traders try to identify candlestick patterns when making cryptocurrency price predictions to try and get an edge over the competition. Some candlestick formations are seen as likely to forecast bullish price action, while others are seen as bearish.
Here are some of the most commonly followed bullish candlestick patterns:
Here are some common bearish candlestick patterns:
- Hammer
- Bullish Engulfing
- Piercing Line
- Morning Star
- Three White Soldiers
- Bearish Harami
- Dark Cloud Cover
- Evening Star
- Shooting Star
- Hanging Man
DISCLAIMER: Not Investment Advice
The information provided is for general information purposes only. No information, materials, services and other content provided on this page constitute solicitation, recommendation, endorsem*nt or any financial, investment, or other advice. Seek independent professional consultation in the form of legal, financial, and fiscal advice before making any investment decision.