Sohrab is a passionate cryptocurrency news writer with over five years of experience covering the industry. He keeps a keen interest in blockchain technology and its potential to revolutionize finance. Whether he's trading or writing, Sohrab always keeps his finger on the pulse of the crypto world, using his expertise to deliver informative and engaging articles that educate and inspire. When he's not analyzing the markets, Sohrab indulges in his hobbies of graphic design, minimal design or listening to his favorite hip-hop tunes.
With the Bitcoin ETF ticker code spotted on the DTCC website, a new bull run rises in Bitcoin price. Taking over the $35K mark, buyers are rallying BTC price with the high hopes of Bitcoin Spot ETF approval.
Despite the ticker code being taken down, the hopes are skyrocketing among investors. With double digits growth in the last week, the Bitcoin prices are to achieve the $40K mark.
However, the market is still filled with doubts like: “Is Bitcoin ready to cross the $100K mark?” or “Will Bitcoin ever go up?” or “Where will Bitcoin be in 5 years?”
To solve such doubts, we bring our comprehensive Bitcoin price prediction for 2023-2030.
So, are you ready to explore the BTC price prediction for 2023-2030 and determine if Bitcoin will rise to $100K?
0.24%
Market Cap $ 666,519,333,940.0618Trading Volume $ 15,336,545,341.3553Circulating Supply 19,526,106.0000All-time High$68,789.63 Nov 10, 2021All-time Low$0.04865 Jul 15, 201024 High $ 34,245.000024 Low $ 33,390.9500SEC’s Delay on Bitcoin ETF Decision: Firstly, the U.S. Securities and Exchange Commission (SEC) has postponed its decision on spot bitcoin exchange-traded fund (ETF) applications until October.
Applicants Affected: Consequently, the delay affects several applicants, including BlackRock, WisdomTree, Invesco Galaxy, Wise Origin, VanEck, Bitwise, and Valkyrie Digital Assets.
Review Timeline: To provide context, the SEC began examining the latest batch of applications, which came from both cryptocurrency-focused and traditional finance firms, the previous month. Moreover, the SEC is taking its time to scrutinize each application carefully.
Extended Comment Periods: Interestingly, the SEC has chosen not to make a definitive decision at this time. Instead, they’ve prolonged the existing comment periods, allowing for more public feedback on the applications.
New Deadlines:
Wise Origin, Galaxy, and WisdomTree: Now, these applicants have until October 17 to await the SEC’s decision.
Valkyrie: On the other hand, Valkyrie’s new deadline stands at October 19.
Bitwise: Similarly, Bitwise too, must wait until October 16 for the SEC’s verdict.
D.C. Circuit Court of Appeals Ruling: Notably, earlier in the week, the D.C. Circuit Court of Appeals determined that some of the SEC’s reasons for declining bitcoin ETF applications appeared “arbitrary and capricious.” Therefore, this has raised questions about the SEC’s decision-making process.
Grayscale’s Argument: This significant ruling came after Grayscale contended that the SEC lacked a solid foundation for denying its proposal to transform the Grayscale Bitcoin Trust into an ETF. Additionally, this has added another layer of complexity to the ongoing debate.
US lawmakers urge the SEC to approve ETFs: The lawmakers said that following a recent court decision, there is no reason to continue to deny such applications under inconsistent and discriminatory standards. Finally, they urged SEC Chair Gary Gensler to approve the listing of spot bitcoin ETPs immediately.
Giving a bullish breakout of the $30K mark, the BTC price skyrocket with high anticipations of the spot ETF approval from SEC this month. However, there are no clear indications or tease to support the approval chances. Nevertheless, the spotting of Bitcoin Spot ETF ticker code DTCC increases the chances incredibly.
Further, the rounding bottom breakout in the BTC price helps reclaim the trend momentum and the $30K mark within a day. The breakout rally tests the overhead ceiling at $35K and sustains above the $34K mark.
Trading ViewMoreover, as the market sentiments jump with the Bitcoin ETF decisions around the corner, BTC price may shortly break the overhead ceiling at $35K. If the uptrend continues, then the BTC price can rise higher above the $35K mark. In such conditions, the BTC price may reach the $40K mark with a breakout rally fueled by the market sentiments.
Conversely, a fall from $35K could trigger a sharp decline to either $31K or $30K. Therefore, traders should keep a close eye on these key levels.
On-chain Analysis
The recent on-chain exchange activity data for Bitcoin shows several indicators supporting a bullish comeback.
A significant increase in Exchange Outflow Volume suggests investors are holding rather than selling.
Decreased Exchange Deposits and a slight drop in Total Exchange Balance indicate less selling pressure. Moreover, a higher rate of Exchange Withdrawals implies increased investor confidence.
Also Read: What is Bitcoin? An In-Depth Guide To The King Of Digital Currencies
In a surprising turn of events, Bitcoin’s price soared last night in Asian markets, forming an impressive green candle. Interestingly, this surge comes as U.S. lawmakers urge the SEC to greenlight Bitcoin spot ETFs, stating that there’s no valid reason for further delays.
However, the high anticipations of Blackrock ETF approval fuel the trend momentum. Consequently, this overnight rally has had a ripple effect on the altcoin market, which has also seen a reversal driven by the upbeat market sentiment.
Therefore, the BTC may shortly bounce back as investors line up at the $40K mark. Moreover, a bullish breakout of $30K can help the BTC price reach $50,000 by the end of 2023. On the flip side, if the downtrend continues below $31,000, then the BTC will plunge price to $30,000.
Bitcoin Price Prediction Potential LowPotential AveragePotential HighBitcoin Price Prediction 2023$30,000$40,000$50,000Also Read: Bitcoin Price Prediction: Will BTC Price Hit $40K By Mid August?
After the fourth halving, 96.875% of the Bitcoin will be mined. Moreover, the Bitcoin miner’s block reward will be halved to 3.125 BTC per new block. However, much like the previous bull run during the Bitcoin halving, the BTC price prediction forecasts a new all-time high at $74,967.
However, due to the global tensions, Bitcoin price prediction hints at a potential low at $57,027 with an average of $65,997.
With the launch of potentially more Bitcoin-related financial services and the global adoption spark of Bitcoin, BTC price will maintain a bullish trend in 2025. The cryptocurrency is expected to create a high of $110,449 with a low of $61,357. Therefore, the average Bitcoin price prediction for 2025 will be $85,903 potentially.
Firstly, as per Bitcoin Price Prediction 2026, the BTC price range in 2026 is expected to be between $82,522 to $135,284. Moreover, the average price is projected to be $108,903.
Subsequently, as per BTC Price Prediction for 2027, the Bitcoin price range can be between $152,837 to $169,047. Furthermore, the average price is expected to be $160,942, indicating a relatively stable bullish period for Bitcoin.
With the 5th Halving, the Bitcoin price will see another bullish spark in 2028. Specifically, as per Bitcoin Price Prediction 2028, the potential BTC price range in 2028 is $174,063 to $192,908. Additionally, the average price is expected to be $183,485, demonstrating continued positive momentum.
Thereafter, as per BTC Price Prediction 2029, the BTC price will range between $204,634 to $239,559. Significantly, the average price is projected to be $222,096, indicating a significant rise in Bitcoin’s value.
Finally, coming to 2030, Bitcoin Price Prediction maintains a positive trend. Indeed, the BTC price is expected to create its new all-time high, with a price range between $277,751 to $347,783. In conclusion, the average price is expected to be $312,767.
Firstly, the Bitcoin ‘halving’ just took place, an event that happens roughly every four years. Essentially, the reward Bitcoin miners receive for validating transactions gets cut in half. Consequently, this curtails the number of new Bitcoins in circulation, usually sparking a price rally. According to data, the price surges after previous halvings. Therefore, let’s watch this space.
EventDateReward (BTC)Mined (BTC)LaunchJanuary 20095010,500,000Halving 1November 2012255,250,000Halving 2July 201612.52,625,000Halving 3May 20206.251,312,500Halving 4March 20243.125656,250Halving 5Expected 20281.5625328,125Halving 6Expected 20320.78125164,063Firstly, at CoinPedia, we’re feeling positive about Bitcoin’s price going up. Significantly, one big reason is the upcoming Bitcoin “halving” event. In simple terms, every four years, the number of new Bitcoins entering the market gets cut in half. Consequently, this usually makes the price go up because there’s less supply.
Additionally, Grayscale Investments winning a key legal battle with the SEC improves the chances of a Bitcoin ETF. However, the moves are delayed to October, providing buyers the perfect opportunity to buy and hoard at lower levels.
Furthermore, even big names like Standard Chartered Bank and other experts also think Bitcoin’s price will rise soon with the halving on the horizon. Therefore, we’re not alone in our optimism!
We expect the BTC price to create a new 2023 high of $35,000 by 2023.
YearPotential LowPotential AveragePotential High2023$20,115$27,557$35,000Furthermore, using the above Bitcoin Halving table, we asked ChatGPT to calculate the potential jump in Bitcoin after the 2024 halving. Utilizing Arithmetic and Geometric Progression, respectively, ChatGPT calculates the Bitcoin price prediction for 2024 post-halving to be a 290% and 4,160% jump.
Rounding off the current Bitcoin price to $26,000, firstly, the calculations display the post-halving Bitcoin to skyrocket drastically. Specifically, reaching $101,400 by A.P. and $1,107,808 by G.P., Bitcoin is set to create a new high in 2024.
Many influencers and Bitcoin maximalists are predicting the BTC price to reach $1M, but the chances of them using G.P. are less, but not zero.
Analyzing the historic price sentiment of BTC is suitable for rightly interpreting the indications we come across while analyzing its future price sentiment.
Trading ViewIn a nutshell, the optimism and hope around Bitcoin have continued to grow ever since its launch. And now, with the institutions coming together with the 4th Bitcoin halving around the corner marks a crucial turning point. The upcoming years for BTC are marked in green as Bitcoin adoption grows like wildfire in a fiat world.
The Bitcoin halving takes place once every four years or every 210,000 blocks. The next Bitcoin halving will take place in April 2024.
How much has the price of Bitcoin changed in the last 24 hours?Over the past 24 hours, BTC witnessed a 0.69% change, hitting a peak of $30,630 and a low of $30,259.
How much is 1 Bitcoin worth?At the time of publishing, the price of 1 BTC was $30,604.
Why is Bitcoin halving done?Bitcoin halving ensures that the amount of bitcoin we can mine decreases with each block, making bitcoin more scarce and ultimately more valuable.
Will the Bitcoin price go back up?Bitcoin price will surge with the Bitcoin halving coming closer.
What is the projected price of Bitcoin in 2023?The projected price of Bitcoin in 2023, will range between $25,401 and $35,000, with an average of $30,200.
What is the projected cost of Bitcoin in 2024?For 2024, the BTC price will have a projected high of $74,967 and a potential low of $57,027, with an average price of $65,997.
What is the projected price of Bitcoin in 2025?In 2025, the projected high for Bitcoin is $110,449, with a low of $61,357 and an average price of $85,903.
If I had invested $100 in 2020 fall, what it be worth now?The 2020 fall in Bitcoin found support at $3850 and started at $10,501. Considering you bought at the peak, your $100 investment would have increased by 191%. In short, your investment would be worth $219.
How many Bitcoins will be mined?The current circulating supply of BTC is approximately 19,428,268 BTC, with a market cap of $595,390,159,392. Bitcoin will have a maximum supply of 21,000,000 (21 Million) tokens.
Will Bitcoin Hit $1 Million by 2030?Bitcoin maximalists like Michael Saylor expect Bitcoin to hit the $1,000,000 mark by 2030. Investors can expect the Bitcoin price to surpass the $300,000 mark.
As the Bitcoin (BTC) halving event approaches, investors are becoming increasingly bullish about price action. But what are their Bitcoin forecasts for 2025?
Thanks to Bitcoin halvings, the crypto market movements are largely cyclical. Every four years, BTC updates its all-time highs. A new high is recorded approximately a year and a half after the event. The next halving will occur in the spring of 2024, which means investors could see a new BTC high in 2025.
Popular crypto influencer TheBTCTherapist asked his subscribers to give a Bitcoin forecast for the next year after the halving. He believes that in 2025, BTC will cost more than $300,000. He published his Bitcoin forecast and the expected trajectory of the coin’s exchange rate on X (Twitter), calling on followers to share their opinions.
Read more: Bitcoin Halving Cycles and Investment Strategies: What To Know
Bitcoin forecast from TheBTCTherapistPopular blogger Crypto Rover is confident that Bitcoin will cost $110,420 in 2025. The majority supported the forecast of positive Bitcoin price action by 2025. However, there are different opinions within the community members.
SponsoredSponsored
Many believe that the cryptocurrency will be able to overcome the important psychological barrier of $100,000. Investors have been waiting for its breakthrough since 2021, when BTC recorded a new all-time high near $69,000.
Read more: How to Buy Bitcoin (BTC) and Everything You Need to Know.
Some supported an even more positive forecast, according to which the cryptocurrency can grow to $200,000. However, some believe that investors should not hope for history to repeat itself. In their opinion, contrary to expectations of a new high, BTC risks diving after a slight increase to the levels of $20-30 thousand.
Some crypto community members believe that the maximum height achievable for Bitcoin in the next bull cycle is the previous all-time high
Sponsored SponsoredMany crypto industry representatives quickly reminded TheBTCTherapist about regulatory pressure on the digital asset market and other negative factors that could affect Bitcoin’s forecast and prevent BTC prices from rapidly increasing.
In adherence to the Trust Project guidelines, BeInCrypto is committed to unbiased, transparent reporting. This news article aims to provide accurate, timely information. However, readers are advised to verify facts independently and consult with a professional before making any decisions based on this content.