Bitcoin is the top and the largest cryptocurrency on the market by market capitalization, holding over 61 percent of market dominance among over 2,000 different digital currencies. Presently, Bitcoin is going through a major bull run, which may be caused by the post-halving momentum. Analysts are sharing their forecasts and Bitcoin price predictions for long-term and short-term trading. The current Bitcoin price in the first days of December 2020 is set around $19,000 after BTC hit a new ATH of $19,799. Here are some of the top Bitcoin price prediction analyses.

Bitcoin Price Prediction for 2020

Bitcoin is presently trading around $19,000, which is one of the new highs for BTC for the year, aside from scoring a new ATH on December 1st. Bitcoin seems to be following a continuous uptrend, scoring 155% for the year. In the course of the last seven days, BTC lost barely -1%, following a 7.2% increase in the last 14 days and 38% for the month. According to many analysts, Bitcoin is set to reach a new high of $20,000 as the next price target. As long as the trend is not exhausted, BTC should rise. The current price targets for BTC are $19,000, $20,000 and $25,000. If the crypto touches the 25k price target, we could see a new high of $30,000 by the beginning of 2021.

Bitcoin Price Prediction for 2021

According to Gov Capital, demand for Bitcoin should increase over the next period, as the US market of cryptocurrencies is becoming larger. Markets like Japan are also showing increased demand for the top cryptocurrency. When it comes to Bitcoin price forecasts and predictions for 2021, crypto investors such as Anthony Pompliano are predicting that BTC could reach its first six-digit value, scoring $100,000. As the demand for BTC is rapidly exceeding the supply, this price target might easily make Bitcoin one of the most valuable assets in 2021. PlanB is on board with a similar prediction, relying on its own invention, stock-to-flow. According to the stock-to-flow creator, BTC should most definitely reach $100,000 during 2021.

Bitcoin Price Prediction for 2025

The next Bitcoin halving, the fourth, should take place in 2024, which means that traders and holders may expect to see another major bull run according to historical data. Based on Fibonacci extensions analysis of market participants, Bitcoin should see more price increases in terms of long-term price predictions. BTC should see new high prices, indicating that the top crypto may reach the price of $100,000 and above. Some analysts suggest that Bitcoin has the potential to reach $40,000 per unit in the next five years.

Other price predictions suggest even more favorable rates for BTC. As the selling pressure is going down and demand among institutional investors is rising, Bitcoin is set to see new highs above $100,000 in the next five years, while the number of whales and big buyers should increase accordingly with the rising value of BTC. Adam Back, Bitcoin developer and one of the pioneers in the sector of electronic cash, claims that BTC could see $300,000 per one coin by 2025.

Bitcoin Price Prediction for 2030

Before 2030, in 2028, Bitcoin should have another halving, which should significantly reduce mining rewards. With that situation, Bitcoin should see new highs driven by another round of post-halving momentum. Some analysts sharing their opinion on the future price of Bitcoin suggest that BTC should be able to reach new highs, predicting six-digit and even seven-digit prices in some cases. As the circulating supply is increasing with the decreasing amount for mining rewards, the demand for BTC should rise accordingly. As a result, Bitcoin should see new price highs and establish a more stable value with lower levels of fluctuation. The total supply of Bitcoin is set at 21 million units, and no new BTC coins will be minted. Once the total supply becomes the circulating supply, BTC should become an even more valuable asset.

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Author: Team