Bitcoin Price Prediction: 2024, 2025, 2030

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BTC price prediction: Key highlights


1. Key support and resistance levels

  • Our analysis of the weekly timeframe suggests the lowest support for BTC can likely fall around $30,000.
  • As the king coin ascends, it might face its highest resistance at $52,000.

2. BTC market state

  • In February 2024, Bitcoin was observed to be moving closer to the overbought territory on the weekly chart.

3. Bitcoin price forecast

  • Our AI/ML predictions model forecasts that Bitcoin’s price is anticipated to hit $85,000 by 2025.
  • The forecast extends with an expectation for Bitcoin to reach $100,000, marking continued growth.

Given below is a comprehensive weekly technical analysis of BTC, followed by coming days of the month, upcoming months, and yearly forecast tables derived from our AI/ML-based predictive models:  


Bitcoin (BTC) technical analysis: Navigating 2024’s bullish waves


In 2023, BTC demonstrated a remarkable recovery from its lows in 2022, showcasing a year of significant volatility and growth. The Bitcoin price prediction for 2024 presents an optimistic perspective.


In February, BTC was standing at a low point of around $21,000, marking a crucial support level. By mid-March, a notable price surge allowed the cryptocurrency to surpass the resistance level at $25,000, subsequently claiming it as a new support. This upward momentum continued, with the price reaching the resistance at $30,000 in April. However, this led to a slight rejection, and the price retracted to its support.

This pattern repeated in mid-June when the coin’s retest of the resistance led to subsequent declines. By mid-July, the price started to drop, eventually falling back to $25,000 by mid-August.

It wasn’t until the end of October that BTC finally broke through this resistance, surpassing the critical threshold of $38,000 by the end of November. December saw the price inching closer to the next major resistance at $45,000, crossing it slightly in January but failing to maintain momentum, leading to a minor dip. 

Since December, BTC’s price has remained between this resistance and the support level at $40,000. At the time of writing, the coin exchanged hands at $42,964.

As the bulls push the price to the $45,000 mark again, it may encounter resistance, especially considering the previous increase in liquidations near this price point. Overcoming this could see potential rejections of around $48,000. However, the forthcoming halving event in April 2024 presents a bullish outlook, with healthy speculation that Bitcoin could reach $50,000


Between the halving events of 2016 and 2020, Bitcoin experienced a surge of 1,263%. Prior to this, during the 2012-2016 phase, it witnessed an impressive increase of 5,187%. So, the next halving might repeat a similar pattern. 

Some industry experts are even more optimistic, predicting that Bitcoin could surpass its all-time high (ATH) and reach between $80,000 and $100,000. This would require the coin to cross its highest resistance at $52,000. However, our prediction models suggest that such milestones are more likely in the following year, with a six-digit valuation possibly occurring by 2026.

Meanwhile, the broader cryptocurrency market experienced a general uptrend last year, driven by anticipations of the U.S. Securities and Exchange Commission (SEC) approving spot Bitcoin exchange-traded funds (ETFs). Yet, the moderno approval led to a retraction of some gains due to a sell-off trend, which speculative trading actions have not sufficiently countered.


January 2024 saw Bitcoin’s value dip below $40,000, a significant downturn from its nearly $49,000 high on January 11, 2024. Amid these discussions, the Grayscale Bitcoin Trust (GBTC) has been highlighted due to significant outflows. However, the likelihood of a continued downtrend remains questionable. If a downturn were to occur, BTC might find support again at $38,000. Further declines could see the coin drop to as low as $30,000.


BTC’s 2024 roadmap: Key indicators to watch and trade

  • Since March, the trading volume for BTC has remained notably low, indicating that investors are HODLing.
  • The Relative Strength Índice (RSI) was mostly bullish, except for a dip below 50 between mid-August and September.
  • As October concluded, the RSI entered the overbought territory, reaching a peak of 83.22 in December. By the end of the analysis, it dropped to 69.44, showing strong bullish sentiment but nearing overvalued territory.
  • The Chaikin Money Flow (CMF) peaked in mid-July at 0.41, coinciding with Bitcoin’s retest of $30,000, indicating strong buying pressure. 
  • It dipped into negative values between August and mid-October, reflecting a bearish sentiment before returning to a positive value of 0.20, suggesting optimism in the market.

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