[Cryptocurrency Price Prediction]
Bitcoin (BTC) Price Prediction 2022, 2023, 2024, 2025: What Can We Expect Until the End of Q4?
The market leader Bitcoin has had a tough sail since the start of 2022.The cryptocurrency after brushing its multi-year lows, is currently building momentum at levels around $22k.Successively, occurrences such as FED’s interest rate hikes, Russian Invasion, Europe’s vote on PoW chains.And insolvency crisis of Celsius and 3AC, have collectively collared the price projection of BTC.
Market Top Gainer
With the recent spike in liquidations, coming in light of longs and the equity market’s turmoils.Investors and traders hold cynicism around the short-term prospects of Bitcoin.Are you one of the many, who are keen on Bitcoin’s Price Prediction? Fasten your seatbelts, as this write-up decodes the plausible BTC price prediction for 2022 and beyond.
Overview
Bitcoin (BTC) Price Prediction
BTC Price Prediction For Q4
With the start of the final leg of the year, Bitcoin has some news in its favour.The MVRV ratio has been hovering below 1 for quite a long time, signalling a suitable time for a long position.Therefore, if the long position exceeds in the coming days, then a significant upswing may be expected in the coming days that may help the price to sustain above the crucial resistance at $22,800.
Additionally, Spanish telecom giant Telefonica is all set to embrace Bitcoin payments.
Microstrategy banks on lightning networks and seeks software engineers for its lightning network-based solutions.Serious developments in the path could possibly push the BTC price to a maximum of $25,201.65.
On the flip side, if bears weighed heavier than bulls, the price could settle at $18,661.92.That said, usual buying and selling pressures could settle the price at $22,124.06.
Price Prediction Of Bitcoin For 2023
According to Glassnode , the total supply held by hodlers has reached a new ATH of 13.62 M BTC.A steady rise in volumes could push the price to $44,276.40.In contrast, the price of the star crypto could sink to the lows of $22,507.64.Successively, a balance in trade activities could settle the price at $33,470.02.
BTC Price Forecast For 2024
We will be able to see notable changes in scalability, with developments in the taproot.Moreover, the supply crunch would grow more evident, with the approaching halving event.
Wherefore, the price could surge to a maximum of $75,626.24 by the end of 2024.
In contrast, factors like a prolonged bear run could knock the price down to $38,730.64.That being said, the regular price of BTC could land at $56,544.07.
Bitcoin Price Prediction For 2025
If Bitcoin manages to diversify and empower its liquidity over the next three years.It holds the possibility to attract more investors, which would result in global recognition.That said, the chances of investments fueled by FOMO would be on the higher side.
Prevailing which the price could skyrocket to $124,159.23 by the end of 2025.
On the flip side, if the star crypto falls prey to the bears.Owing to criticism coming from the concerns of mining, energy consumption, regulation, amongst others.The possibility of the BTC price ending the yearly trade at $63,012.60 cannot be ruled out.Consecutively, factoring the bullish and bearish targets the average price might land at $92,694.84.
CoinPedia’s BTC Price Prediction
According to the formulated Bitcoin price prediction by Coinpedia.Seeking impetus from institutional investments and acceptance.
The price of BTC could propel to a maximum of $25,200 by the end of 2022.In contrast, if concerns around PoW chains and energy consumption worsen.We can expect the Bitcoin price to settle at levels around $22,100.
Factoring in Bitcoin’s price projections in the past, we can draw an assumption that BTC price could probably move sideways for the next two years until 2023.
And then initiate a bull run in 2024, which also marks the halving event.
Market Analysis
*The aforementioned targets are the average targets set by the respective firms.
PlanB:
The creator of the Stock-to-Flow model justifies his renowned predictions amidst the ongoing bear run.Which seems to be on track with certain detours.
PlanC:
Analyst PlanC continues to hold faith in the bull run associated with the halving event which is now 1.5 years away.
Click here to read our price prediction on Terra (LUNA)!
What Is Bitcoin?
Bitcoin is a digital currency that aims to emerge as an alternative to FIAT across nations.And empower individuals with its decentralized nature and peer-to-peer technology for instant payments.Unlike the traditional financial system, Bitcoin is not controlled by any government or organization, or by individuals.
The price of Bitcoin solely depends on its demand and supply.
Since its inception in the year 2008 by an anonymous creator or creators known to the world as satoshi nakamoto satoshi nakamoto satoshi nakamoto Developer/Programmer Followers : 0 View profile .Bitcoin has taken the digital age by a storm, it also enjoys the title of being the oldest and largest cryptocurrency.Bitcoin’s working relies on a completely decentralized system, making use of its open-source protocol.
Which pushes it head-on against the flaws of FIAT.
To learn more about Bitcoin, read our in-depth guide on the star crypto here !
Company Details
bitcoin org
– Event Organiser
– Technology
– Payment solution
Bitcoin Organization is organizing bitcoin conferences and events.Bitcoin is an open-source sponsorship-resistant peer-to-peer fixed network.Bitcoin organization is not Bitcoin’s official website.Bitcoin has controlled all Bitcoin users around the world.The mission of bitcoin is to give an accurate description of Bitcoin’s properties, potential uses, and limitations and improve Bitcoin’s worldwide accessibility with internationalization.Bitcoin organization is established by Satoshi Nakamoto and Martti Malmi in the year 2011.The company is placed in San Jose, California.
Bitcoin is the easiest way to transact at a very low cost.The transaction is available in Mobile payments, Security works everywhere, anytime, protecting identity.
Its design is public, nobody owns or controls Bitcoin.Bitcoin uses technology to operate with no central authority or banks, They manage transactions and the issuing of bitcoins is carried out by the network.The advantages of Bitcoin org are Peer to peer transactions, World wide transactions, and Low processing fees.
Historic Price Sentiments
2008
– The proposal of introducing Bitcoin was implemented in 2008 by a pseudonymous person/group of persons called Satoshi Nakamoto.
2010
– BTC was officially launched on the exchange Bitcoinmarket.com at a price of $0.003.
– Later, Bitcoin progressively hiked as it was trading at $0.35 on bitcoinmarket.com and $0.5 on Mt.Gox.
2013-2016
– The star coin was trading at around $20 during February, the price rose exponentially to $220 in April.
– Further, the financial crisis, led the price to $76.However, huge demand helped the price recover the $160 tag.
– Later, in May, the coin fell to $101.97.
The price continued to remain stable with some variations for several months.
– Interestingly, the coin hit $1,124.71 by the end of November.
And closed the annual trade at $755.16.
– After the heroic bull run, the following years 2014, 2015, and 2016 were consolidatory.
2017-2020
– BTC continued to be in a bullish run during the start of January by trading at $998.34.
– The price soared dramatically to $2,164.46 by the end of May, and to $2,968.00 by Mid June.
– The release of hard fork Bitcoin Cash (BCH) in early August by the community.Made way to a progressive price surge to $3,223.95.
– BTC’s price recorded its ATH of $18,474.11 on the 18th of December.The price was seen further declining to $14,839.59 towards year-end.
– BTC price moved sideways for the forthcoming years namely 2018, and 2019.However, it was in late 2020 when Bitcoin kickstarted a bull run, and managed to claim the peak at $29,388.94.
2021
– Bitcoin had initiated 2021 on a positive note with its prices surpassing $30,000.
– Pursuing its bullish trend, BTC price smashed a new ATH of $64,863 on the 14th of April, 2021.
– However, the BTC price took a steep plunge from $64k to $29.8k, following the market crash.
– September 7th was a historic day for Bitcoin, as it became a legal tender in El-Salvador, which pushed the price to $53k.
– The price of Bitcoin took a move to a New ATH of $69,045 on the 11th of November.
To read our price prediction on Chainlink, click here !
Comparison
FAQs
Bitcoin’s price projections have been following up with that of gold from 1999 to 2011, BTC price could eventually claim the title.
Bitcoin uses the Proof-of-Work (PoW) consensus mechanism.
The price of the star crypto could possibly surge as high as $25,201.65 by the end of 2022.
Bitcoin price can surge as high as $75,626.24 by the end of 2024.
According to our Bitcoin price prediction, the BTC price could possibly reach as high as $124,159.23 by the end of 2025.
BTC is available for trade across prominent exchanges such as Binance, Coinbase, Zebpay, etc….
