A bearish reversal in trading has caused Bitcoin to fall back to the $58,000 support level. The negative indicators on the daily chart suggest a further decline to $55,000.
As a result, Bitcoin’s performance in the third quarter might be slower than expected. Additionally, a slowdown in the U.S. tech sector could further exacerbate the decline in BTC’s price.
Amid this uncertainty, questions like “Is Bitcoin ready to hit the $100,000 mark?”, “Will BTC prices surge again?”, or “What level will it reach in five years?” have resurfaced. This comprehensive Bitcoin price prediction for 2024-2025 aims to answer these queries.
Bitcoin Price Prediction for August 2024
After ending the week on a positive note, Bitcoin, the market leader, experienced a strong bearish reversal during Monday’s early Asian trading session. This led to a 2% drop in Bitcoin’s price, bringing it back to retest its key support at $58,000.
If bullish dominance holds at $60,000, Bitcoin’s market price could stabilize around $66,726.25 by the end of the month. On the other hand, $53,446.50 is the next key support area.
BTC Price Target for Q3 2024
Given the current market conditions, if the bulls maintain the price above $60,000, Bitcoin will be poised to test its resistance above $66,000. Additionally, breaking out of the bullish trend from the triangular pattern could lead to a new all-time high (ATH) of $73,750.07 by the end of Q3.
Conversely, if bearish sentiment continues to dominate the crypto space, it could push Bitcoin down to its lower support at $46,146.75.
Bitcoin Price Prediction for 2024
With the first and second quarters of 2024 mostly in a bull market, buyers remain optimistic about Bitcoin. As the uptrend peaks at $72,000 and maintains dominance above $58,000, the bull market could gain momentum.
The anticipation of interest rate cuts in the U.S. market is expected to support BTC’s price increase, making 2024 a promising year for a Bitcoin bull run, with potential highs around $120,000 and lows near $35,000.
Bitcoin Price Prediction for 2025
As more Bitcoin-related financial services are launched and global adoption of Bitcoin increases, BTC prices are expected to maintain a bullish trend in 2025.
The highest expected price for the cryptocurrency is $140,449, with a minimum price of $61,357. Therefore, the average Bitcoin price prediction for 2025 could be around $95,903.
Bitcoin Price Prediction for 2026
In 2026, the BTC price range is expected to be between $82,522 and $155,284. Additionally, the average price is projected to be around $115,569.
CoinDarwin’s Bitcoin (BTC) Price Prediction
At CoinDarwin, we are optimistic about Bitcoin’s price growth.
Therefore, we expect BTC prices to reach a high of $120,000 in 2024.
In summary, optimism and hope surrounding Bitcoin have been growing since its inception. Now, with institutional collaboration, the fourth Bitcoin halving marks a critical turning point.
-
-
-
-
-
-
-
-
