Bitcoin Price Prediction 2024-2030: Will BTC Price Surpass $100K Post-Halving?
Following the fourth Bitcoin halving event, Bitcoin price initially gained a buying demand; however, it failed to hold its bullish momentum due to rising bearish threats. As a result, BTC price dropped below the psychological $60K mark. However, there’s still hope among holders as they expect Bitcoin to reach $100K by 2024.
According to CoinGlass data, Bitcoin experienced over 14 percent drop in April, marking the most challenging month since November 2022. Historically, Bitcoin has ended May on a downward trend over the last three years, suggesting potential continued struggles.
However, despite bearish spot Bitcoin ETF flow the US Bitcoin sentiment develops a bullish trend as BTC HODLers are anticipating a continuous uptrend beyond $75,000. This has led analysts to think: Will this lead Bitcoin price past $100,000?
The current BTC trading sentiment is bullish as Bitcoin traded at its highest point in pre-halving rally. Since 2024 is bullish for the crypto market, anticipation is that the BTC price could hit $100K during this season.
As Bitcoin on-chain activities surge, questions arise, such as: “Does Bitcoin have the potential of hitting the $100K mark?” or “Will Bitcoin ever go up?” or “Where will Bitcoin be in 5 years?” Let’s answer them using our Bitcoin price prediction.
Overview
Cryptocurrency Bitcoin
Token BTC
Price $68,000
Market Cap $1,121,914,422,643
Trading Volume $45,318,495,561
Circulating Supply 19,692,534
All-time High $73,750, March 14, 2024
All-time Low $0.04865, Jul 15, 2010
24 High $62,121
24 Low $56,555
Bitcoin Price Prediction: Technical Analysis
Metric Value
Price Prediction $80,986 (34.39% increase)
Volatility 4.06%
50-Day SMA $66,651
14-Day RSI 38.30
Sentiment Bearish
Fear & Greed Index 54 (Neutral)
Green Days 15/30 (50%)
200-Day SMA $48,164
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