Bitcoin Price Prediction
Disclaimer: Predictions are not an investment advice. The information provided on this prediction page is for general information purposes only. No information, materials, services and other content provided on this page constitute a solicitation, recommendation, endorsement, 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. Our automated risk checks are for informational purposes only, a cryptocurrency which passes all our checks, however, is not 'risk free'. Read the full disclaimer here.
Bitcoin Predictions For Next Week, Month, and Years Based on Historical Performance
| Bitcoin Price | $62,820.00 |
|---|---|
| 7-Day Prediction | $75,258.46 (16.81%) |
| 1-Month Prediction | $84,471.94 (31.11%) |
| 3-Months Prediction | $102,289.44 (58.77%) |
| 6-Months Prediction | $103,976.01 (61.38%) |
| 1-Year Prediction | $159,291.63 (147.24%) |
Highlights
- Uptrend expected in the next 7 days
- Trading at 31.11% below our estimate next month
- Price is predicted to grow 58.77% in 3 months
- Growth of 61.38% is expected in 6 months
- Our 1-year prediction shows 147.24% growth
Risk Analysis
Our risk checks have not detected risks, however, this does not mean it's risk free.
Bitcoin is currently trading at $62,820.00 after losing
BTC Price Prediction based on Worldwide Money Flows
Comparing the size of the cryptocurrency market to the money supply can provide an interesting perspective. The predictions in this section are based on comparing the total cryptocurrency market cap with the size of different money supply types: M0, M1 and M2. If a greater percentage of money flows into crypto, Bitcoin would likely be worth the indicated amount (assuming it maintains its current market share).
M0 Money Worldwide In The Crypto Market - Prediction up to $57,656.96
Highlights
- Price can increase to $57,656.96
Risk Analysis
- Price could drop to $57,656.96 if M0 crypto market share drops to 32%
The M0 money supply is the total of all physical currency, plus accounts at the central bank which can be exchanged for physical currency. Currently, the total cryptocurrency market cap is at 23.64% of the M0 money supply. If the crypto market cap were equivalent to 32% of the M0 supply and Bitcoin had the same share of the cryptocurrency market as today, BTC would be trading at $57,656.96.
M1 Money Worldwide In The Crypto Market - Prediction up to $324,022.72
Highlights
- Price can increase to $324,022.72
Risk Analysis
- Price could drop to $40,502.84 if M1 crypto market share drops to 4%
The M1 money supply consists of M0 plus the amount in demand accounts, including "checking" or "current" accounts. The total crypto market cap is equivalent to 4.21% of the M1 money supply. At 32%, the price of Bitcoin would be $324,022.72.
M2 Money Worldwide In The Crypto Market - Prediction up to $819,476.84
Highlights
- Price can increase to $819,476.84
Risk Analysis
- Price could drop to $51,217.30 if M2 crypto market share drops to 2%
The M2 money supply measures M1 plus most savings accounts, money market accounts, and certificate of deposit (CD) accounts of under $100,000. The total crypto market cap is 1.66% of the size of the current M2 supply. If it represented 32% of the M2 supply, Bitcoin would be valued at $819,476.84.
Comparison of Worldwide Money Flow Predictions
| Description | Crypto market % of the worldwide market | Price of Bitcoin when X% of Total M# money flows into the Crypto Market and Bitcoin keeps its current Market Share. The X% value is represented below. | |||||
|---|---|---|---|---|---|---|---|
| 1% | 2% | 4% | 8% | 16% | 32% | ||
| M0 | 23.64% | -97.13% $1,801.78 | -94.26% $3,603.56 | -88.53% $7,207.12 | -77.05% $14,414.24 | -54.11% $28,828.48 | -8.22% $57,656.96 |
| M1 | 4.21% | -83.88% $10,125.71 | -67.76% $20,251.42 | -35.53% $40,502.84 | 28.95% $81,005.68 | 157.90% $162,011.36 | 415.80% $324,022.72 |
| M2 | 1.66% | -59.23% $25,608.65 | -18.47% $51,217.30 | 63.06% $102,434.60 | 226.12% $204,869.21 | 552.24% $409,738.42 | 1,204.48% $819,476.84 |
Data Used to make These Bitcoin Predictions
The BTC price prediction is based on several pieces of data. Bitcoin currently has a market cap of 1.24T and is currently trading at $62,820.00. This means that Bitcoin represents 53.08% of the $2.33 T total cryptocurrency market cap. The predictions based on worldwide money flows use available estimates of the M0, M1 and M2 money supplies.
Quarterly BTC Price Prediction Based on Weighted Average
Our quarterly BTC price predictions are based on Bitcoin’s historical performance. We provide 3 types of predictions in this section: bullish (green), bearish (red) and average (white). The bullish prediction is based on Bitcoin’s average performance only in positive quarters, while the bearish prediction only takes into account Bitcoin’s average performance in negative quarters. The average prediction is calculated using the average performance of BTC in every quarter for which Bitcoin price data is available.
Highlights
- Trading at 27.41% below our average estimate for this quarter
- Price is predicted to reach $233,789.04 end of the year in bullish scenario
Risk Analysis
- Price is predicted to drop to $24,228.31 end of the year
In the first quarter of 2024, Bitcoin posted a performance of 68.06%. A bullish scenario based on Bitcoin’s positive quarterly performances suggests an end-of-year target of $233,789.04. If we assume that a bearish trend will take hold, the expected end-of-year price for BTC is $24,228.31. If the prediction is instead based on Bitcoin’s historical performance in all quarters, the end-of-year price target is $109,108.66.
| Year | Prediction | Q1 | Q2 | Q3 | Q4 | Yearly Change |
|---|---|---|---|---|---|---|
| 2025 | Bullish | 39.16% $233,789.04 0 0 | 36.40% $318,880.29 1 1 | 28.55% $409,911.06 2 2 | 37.37% $563,075.86 3 3 | 491.90% |
| Average | 10.88% $109,108.66 | 14.70% $125,146.53 | 3.11% $129,036.23 | 19.21% $153,828.08 | 40.99% | |
| Bearish | -19.18% $24,228.31 | -30.18% $16,917.05 | -21.05% $13,355.21 | -22.00% $10,416.96 | -78.63% | |
| 2024 | Bullish | 68.06% $69,731.26 0 3 | 36.42% $95,130.32 1 4 | - | ||
| Average | 14.79% $80,041.78 | 64.48% | ||||
| Bearish | -30.11% $48,735.32 | - | ||||
| 2024 | Bullish | % 0 7 | % 1 8 | 491.90% | ||
| Average | 3.10% $82,526.38 | 19.24% $98,402.86 | 19.24% | |||
| Bearish | % | % | -78.63% | |||
| 2023 | 72.14% $28,464.81 0 11 | 7.12% $30,589.05 1 12 | -11.57% $27,978.10 2 13 | 57.22% $44,122.03 3 14 | 166.80% | |
| 2022 | -1.47% $46,231.00 0 15 | -56.23% $19,336.10 1 16 | -2.50% $19,305.17 2 17 | -14.86% $16,607.07 3 18 | -64.05% | |
| 2021 | 103.02% $58,755.62 0 19 | -40.39% $33,628.67 1 20 | 24.98% $48,080.37 2 21 | 5.55% $47,544.50 3 22 | 64.29% | |
| Show More | ||||||
Yearly Bitcoin Prections for 2023, 2024, 2025, 2026, 2027, and 2028 based on Historical Tech Sector Growth
Comparing the growth of Bitcoin to the growth of other important technological innovations is one way of estimating what the future has in store for BTC. In this section, we compare Bitcoin with historical growth trends of the internet, Google, Facebook, and the mobile phone market in their adoption phases.
Growth of Internet (in its adoption phase 1995 - 2017) - Prediction up to $152,744.24
Highlights
- Target for next year is $70,988.19
- Price is predicted to grow 143.15% in the next 4 years
Risk Analysis
Our risk checks have not detected risks, however, this does not mean it's risk free.
If Bitcoin were to grow at the same rate as the internet did in its adoption phase, the price of Bitcoin one year from now would be $70,988.19. Assuming the trend would continue at the same pace, the 2-year target would be $91,645.76, and the price 4 years from now would be $152,744.24.
Growth of Goolge (in its adoption phase 2000 - 2015) - Prediction up to $394,520.82
Highlights
- Target for next year is $103,759.57
- Price is predicted to grow 528.02% in the next 4 years
Risk Analysis
Our risk checks have not detected risks, however, this does not mean it's risk free.
If Bitcoin followed the same growth trajectory as Google did between 2000 and 2015, BTC would hit a price of $103,759.57 one year from now. Long-term targets in this scenario would be $161,947.93 in 2 years and $394,520.82 in 4 years.
Growth of Facebook (in its adoption phase 2004 - 2016) - Prediction up to $2,287,889.46
Highlights
- Target for next year is $209,591.76
- Price is predicted to grow 3,541.98% in the next 4 years
Risk Analysis
Our risk checks have not detected risks, however, this does not mean it's risk free.
If Bitcoin grew price at the same pace as Facebook did between 2004 and 2016, we would see a Bitcoin price of $209,591.76 one year from now. Assuming that Bitcoin would maintain the same pace of growth for a longer period of time, BTC would hit $464,937.40 in 2 years and $2,287,889.46 in 4 years.
Growth of Mobile Phone (in its adoption phase 1993 - 2013) - Prediction up to $146,404.06
Highlights
- Target for next year is $69,794.54
- Price is predicted to grow 133.05% in the next 4 years
Risk Analysis
Our risk checks have not detected risks, however, this does not mean it's risk free.
If Bitcoin’s growth trajectory were to match the growth of the mobile phone market between 1993 and 2013, the price of BTC would be $69,794.54 one year from now. In this scenario, the Bitcoin price in 2 years would be $89,343.99, while the 4-year target would be $146,404.06.
Comparison of Predictions Based on Tech Sector Growth
| Prediction Method | 2024 | 2025 | 2026 | 2027 | 2028 | 2029 |
|---|---|---|---|---|---|---|
| Internet Growth | -12.47% $54,986.98 | 13.00% $70,988.19 | 45.89% $91,645.76 | 88.34% $118,314.67 | 143.15% $152,744.24 | 213.90% $197,192.82 |
| 5.82% $66,478.45 | 65.17% $103,759.57 | 157.80% $161,947.93 | 302.37% $252,768.33 | 528.02% $394,520.82 | 880.21% $615,768.09 | |
| 50.40% $94,483.05 | 233.64% $209,591.76 | 640.11% $464,937.40 | 1,541.79% $1,031,370.63 | 3,541.98% $2,287,889.46 | 7,979.00% $5,075,225.19 | |
| Mobile Phone | -13.21% $54,522.72 | 11.10% $69,794.54 | 42.22% $89,343.99 | 82.06% $114,369.24 | 133.05% $146,404.06 | 198.33% $187,411.84 |
In the best-case scenario, the price of Bitcoin would match the growth of the Facebook sector and hit a price of $2,287,889.46 6 years from now
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Data Used to make These Bitcoin Predictions
These Bitcoin predictions are based on trends in monthly active user (MAU) counts for the relevant sectors. We calculate how the Bitcoin price would move if it followed the same trajectories as the growth of users participating in the different sectors.
Tabular Bitcoin Price Prediction For Tomorrow, and Next Weeks Based on 30-Day Performance
| Date | Price Prediction | Change |
|---|---|---|
| May 01, 2024 | $65,072.06 | 1.00% |
| May 02, 2024 | $68,732.31 | 6.68% |
| May 03, 2024 | $72,392.55 | 12.36% |
| May 04, 2024 | $73,336.77 | 13.83% |
| May 05, 2024 | $73,828.32 | 14.59% |
| May 06, 2024 | $74,506.13 | 15.64% |
| May 07, 2024 | $75,258.46 | 16.81% |
| Show More | ||
Based on Bitcoin’s 30-day performance, we predict that the price of Bitcoin tomorrow will be $65,072.06.
Using the same method, the forecast for Bitcoin’s price next week (7 days from now) is $75,258.46.
The Bitcoin price prediction for next month is $84,471.94,
which would be a
Bitcoin Sentiment is Bearish and Fear & Greed Index Signals Greed Based on Technical Analysis Indicators
Market sentiment refers to the expectations investors have for future price movements in the market. One of the most popular ways of measuring market sentiment is the Fear & Greed Index, which takes into account various factors like price volatility, trading volume, social media posts, and Google search trends.
Highlights
- Fear & Greed Index at 'Greed' might signal a price increase
Risk Analysis
- Current sentiment is 'Bearish' which indicates selling pressure
The Fear & Greed Index ranges from “Extreme Fear” when sentiment is at its lowest to “Extreme Greed” when sentiment is at its highest. A “Neutral” reading indicates that investors are not feeling particularly bullish or bearish about the cryptocurrency market. When greed is the prevailing sentiment in the market, this could be an indication that a cryptocurrency is overbought and due for a correction. Conversely, a cryptocurrency could be presenting a good buying opportunity if investors are displaying a lot of fear.
Bitcoin Moving Averages
| Period | Daily Simple | Daily Exponential | Weekly Simple | Weekly Exponential |
|---|---|---|---|---|
| MA3 | $64,108.02 (SELL) | $63,954.87 (SELL) | - | - |
| MA5 | $64,686.16 (SELL) | $64,426.24 (SELL) | - | - |
| MA10 | $66,133.67 (SELL) | $65,635.32 (SELL) | - | - |
| MA21 | $66,052.22 (SELL) | $66,640.86 (SELL) | $69,080.03 (SELL) | $54,640.08 (BUY) |
| MA50 | $67,012.13 (SELL) | $64,621.22 (SELL) | $45,779.94 (BUY) | $43,697.82 (BUY) |
| MA100 | $58,680.44 (BUY) | $58,742.12 (BUY) | $33,751.61 (BUY) | $37,214.69 (BUY) |
| MA200 | $47,973.00 (BUY) | $50,250.37 (BUY) | $35,964.28 (BUY) | $31,368.70 (BUY) |
Bitcoin Oscillators
| Period | Value | Action |
|---|---|---|
| RSI (14) | 41.19 | NEUTRAL |
| Stoch RSI (14) | 51.04 | NEUTRAL |
| Stochastic Fast (14) | 44.65 | NEUTRAL |
| Commodity Channel Index (20) | -66.67 | NEUTRAL |
| Average Directional Index (14) | 20.36 | NEUTRAL |
| Awesome Oscillator (5, 34) | -2,743.36 | NEUTRAL |
| Momentum (10) | -358.75 | SELL |
| MACD (12, 26) | -183.42 | NEUTRAL |
| Williams Percent Range (14) | -55.35 | NEUTRAL |
| Ultimate Oscillator (7, 14, 28) | 49.42 | NEUTRAL |
| VWMA (10) | 64,611.60 | SELL |
| Hull Moving Average (9) | 63,669.34 | SELL |
| Ichimoku Cloud B/L (9, 26, 52, 26) | 66,229.31 | NEUTRAL |
BTC Support Levels
| Support Level | Price | Strength |
|---|---|---|
| 1 | $62,412.60 | Moderate |
| 2 | $61,007.23 | Strong |
| 3 | $60,178.51 | Very Strong |
BTC Resistance Levels
| Resistance Level | Price | Strength |
|---|---|---|
| 1 | $64,646.69 | Moderate |
| 2 | $65,475.41 | Strong |
| 3 | $66,880.78 | Very Strong |
Cryptocurrency traders often make their trading decisions by identifying important resistance and support levels. A resistance level is a price level where there’s likely to be more selling pressure than usual, making it harder for the price to rise above it. Support levels are the opposite concept, and refer to price levels where there’s likely to be stronger buying pressure in the market. Often, traders will try to buy a cryptocurrency at price levels they perceive as support levels, and sell cryptocurrency at price levels they identify as resistance levels.
According to our technical analysis, the current support levels that are significant for Bitcoin are $62,412.60, $61,007.23 and $60,178.51. Meanwhile, the key BTC resistance levels are $64,646.69, $65,475.41 and $66,880.78.
