Bitcoin Price Prediction: 2024, 2025, 2030

BTC price prediction: Key highlights

1. Primary support and resistance levels

• An analysis of the daily time frame revealed $52,000 as the lowest support for BTC.
• As the king coin ascends, it can face resistance at $68,000.

2. Market sentiment

• The Bitcoin price trends in September 2024 point to a bullish bias.

3. Predictive forecasts

• The AI/ML predictive algorithms forecast Bitcoin's average value to be $100,000 in 2027 and over $300,000 in 2034.

Bitcoin trading signals

• RSI level: 65.47
• MACD and signal line values: 1,554.51/1,032.63
• AO value: 4,230.44
• 20-day EMA: $61,908
• 50-day EMA: $60,935
• 200-day EMA: $59,708
• Support levels: $64,000/$63,000/$60,000/$57,000
• Resistance levels: $68,000/$70,000/$72,000/$75,000

Stay informed on BTC’s future trajectory via a comprehensive daily technical analysis, followed by critical metrics examination, predictions for the coming days of the month, upcoming months, and yearly forecast tables derived from our AI/ML-based models:

BTC technical analysis: Examining the prospects of further growth 

The resurgence of optimism in the BTC market has triggered a sector-wide recovery, with the king coin trading at $65,340. The forthcoming Bitcoin price prediction for 2024 favors the bulls. Yet, a closer look at the indicators can help examine the recent uptrend’s sustainability. 

• The Relative Strength Index (RSI) has been trending upward over the 50 line since mid-September. Its latest value of 65.47 indicated the coin was not yet overbought. Thus, there’s room to grow.
• The Chaikin Money Flow (CMF) reflected a substantial inflow of money into the asset as traders continued to accumulate. At press time, it was recorded at 0.33. Furthermore, the trading volume increased by 49% over the last 24 hours.
• The Moving Average Convergence Divergence (MACD) turned positive as the price exceeded the critical $60,000 mark. Moreover, the signal line caught up shortly after. Their ascension supported the bullish outlook.
• The Awesome Oscillator’s positive values increased continuously. At the time of writing, it stood at 4,230.44, emphasizing a strengthening uptrend.
• The formation of a golden cross signaled a breakout over $64,000, which materialized in late September. This crucial resistance-turned-support has set the stage for a rally toward the $68,000 mark.
• Moreover, maintaining $63,000 is essential to sustain the upward momentum. The Exponential Moving Averages (EMAs) positioned under this level hint that a drop below would lead to a short-term bearish reversal, pulling the price to $60,000.
• Meanwhile, the formation of an expanding triangle pattern underlined the increasing market volatility. These patterns often lead to sharp price swings, up or down. If an upward breakout happens, the price may again approach the $70,000 mark.

Bitcoin futures forecast for September 2024

Source: CoinAnk

• Based on the Bitcoin futures liquidation heatmap, substantial liquidations near $65,400 and $65,600 led to a short-term reversal. 
• The map showed an intense liquidity pool stretched from $62,000 to $62,200. Thus, the price may revisit these levels. $65,900 and $66,000 were also important liquidity bands on the upside.
• According to Coinalyze, Open Interest (OI) rose 1.37% in the last 24 hours. Moreover, the Long/Short ratio was at 1.11, which indicated an increase in long positions. The positive OI-weighted funding rate also supported a bullish Bitcoin outlook.
• In addition, short-term holders showed more confidence, breaking from their usual pattern of panicking in bearish trends, as they experienced minor losses recently.
• The Bot Tracker Indicator revealed that bots were accumulating long positions, while other on-chain indicators implied that any downturn would be temporary.

Bitcoin prediction range for the current week

Bitcoin price trends look favorable in the short term. The average price is expected to range from approximately $64,860 at the start of the week to around $67,300 towards the end. 

Correspondingly, the lowest predicted prices will vary from about $60,320 to $62,589, while the highest Bitcoin prices are projected to fluctuate between $69,400 and $72,011.

Bitcoin price forecast for October 2024

AMBCrypto's recent analysis stressed the possibility of Bitcoin experiencing price gains in October following a September slump. This Bitcoin outlook is based on historical trends observed in 2021. Additionally, the coin tends to begin an upward trend around 170 days post-halving. If this pattern holds, BTC might reach $70,000 in the first week of October.

Another report corroborated this projection, noting a liquidity grab below $50,000, indicating that Bitcoin may be preparing for a significant move toward $70,000 and beyond.

Several experts are forecasting significantly higher Bitcoin valuation. These predictions suggest that BTC could escalate to monumental price points of $100,000 to $150,000. This optimistic outlook hinges on its ability to push past a critical threshold of $70,000 to $75,000. Sustained momentum above these levels can likely put $80,000 on the cards.

Based on AMBCrypto’s predictive models, the coin is anticipated to average around $100,000 within three years. The BTC price projection becomes even more striking in the long term. Our models predict that the average price will be over $300,000 by 2034, envisioning a bullish Bitcoin outlook in the long term.

However, a decisive downtrend could see Bitcoin's value dropping to between $45,000 and $40,000. Such a scenario would likely be temporary, paving the way for BTC to rebound.

Will Bitcoin fail in the future?

AMBCrypto’s July research report noted that many believe Trump’s presidency could push BTC over $80,000. The August research report also highlighted the predominant HODLing sentiment among investors, sparking confidence. While this month was tough on the coin, many wondered: Will Bitcoin fail in the future? The recent resurgence of optimism has helped lower these doubts. 
 

Nonetheless, like any financial asset, Bitcoin's future is uncertain. While some analysts and enthusiasts believe Bitcoin could continue to gain adoption as a digital store of value or even become a mainstream form of currency, others warn of risks such as market volatility, regulatory crackdowns, or technological flaws that could undermine its value.

When did Bitcoin reach its highest price?

The highest Bitcoin price ever was $73,777 on March 14, 2024. This marked a 7% increase from its previous ATH in November 2021.

BTC's 2024 roadmap: Weekly price history

In 2023, BTC demonstrated a remarkable recovery from its lows in 2022, showcasing a year of significant volatility and growth. This year, the king coin started out experiencing a massive bull run. Yet, the recent downturn has posed many challenges. Several analysts anticipate that the Bitcoin price prediction for 2024 will be monumental as the price can achieve record-breaking levels.
 

The period under review started with the coin rising to reclaim its lowest yearly support at $26,000 in mid-September. After briefly stabilizing, the BTC bulls began rallying in Q4 2023. With this rally, they successfully claimed $40,000 by December. After this, the coin consolidated between this support and $45,000.

In February, BTC experienced a bullish breakout, rising above the latter for the first time since April 2022. This growth was attributed to the launch of BTC spot exchange-traded funds (ETFs). 
 

As the month progressed, bullish momentum intensified, with $52,000 converted into a support level by the end of February. Concurrently, Bitcoin's market capitalization reclaimed the $1 trillion mark, as per CoinMarketCap.
 

The uptrend carried into March, and Bitcoin hit a new all-time high (ATH) of $73,777 on Binance, marking the highest Bitcoin price ever. However, a retracement occurred, with prices dropping as low as $60,000 the following week. Despite this pullback, BTC retested the highest resistance at $72,000 in April. A broader market crash followed, pushing the coin to $60,000 again.

The highly anticipated halving event did not trigger a massive surge in the price or lead to a sell-off. While the altcoins experienced bull rallies, BTC remained relatively stagnant. Moreover, April marked the first time since BTC ended the month with a negative price return. 
 

By mid-May, optimism started to rebuild as the price pumped to retest the yearly peak resistance. Yet, it retracted once more. AMBCrypto credited this drop to the May U.S. jobs report. As a result of this decline, the market capitalization also suffered.
 

The market continuously bled throughout June, compromising the four-month held support at $60,000 by July. AMBCrypto highlighted a notable influx of over $1 billion worth of BTC sent to exchanges in the first week of July. Additionally, Mt. Gox conducted a test transaction of over 1,000 BTC to prepare for planned payouts to creditors, moving $2.7 billion worth of Bitcoin to a new address. 

These transfers, coupled with the German government dumping coins in the market, triggered widespread panic and raised fears of massive sell-offs in the community. Nonetheless, the coin reclaimed $60,000 by mid-July. This resurgence coincided with the news of the assassination attack on former US President Donald Trump. 

Concurrently, the German government offloaded its BTC reserves entirely in mid-July. Furthermore, Mt. Gox’s balance lowered, signaling that the supply pressure was almost over. Nevertheless, the news of Japan's interest rate hike stoked fears of a market crash similar to 2008. This development likely contributed to Bitcoin retracting below $60,000. 
 

In early August, it dropped to the $52,000 support but maintained proximity to the previous level. Furthermore, it surged slightly over this level in mid-month. The recovery was reportedly driven by over $2.5 billion of Bitcoin shorts liquidations.

Regardless, the inability to make a decisive move over $60,000 emphasized the intense selling pressure. Furthermore, BTC closed August in red amid massive outflows from Binance. September also began pessimistically, further deteriorating the king coin’s value. Regardless, the price trended up by the second week.

This recovery was triggered by significant whale accumulation. Moreover, the price crossed the critical $60,000 mark by mid-month, triggering substantial short liquidations. On September 18, the U.S. Federal Reserve (FED)  reduced its interest rate by 50 basis points (bps), marking its first reduction since 2020. This catalyst caused the price to surge over the previous mark and trend upwards.