Bitcoin Price Predictions 2024 2025

We feature BTC price predictions from multiple reliable sources: industry analysts, crypto experts, traditional investment banks and also specialized financial institutions. We combine this with our own BTC predictive research and also InvestingHaven’s top forecaster’s BTC predictions who was the first in the world to publish crypto forecasts more than 8 years ago.

Last update: June 12, 2024

BTC Predictions Highlights

Key highlights from our Bitcoin predictions study: 27 crypto experts across 5 industry segments show broad BTC price predictions for 2024 & 2025. Average 2024 BTC prices are $53,103.97 with forecasted BTC highs around $200,000 by 2025. Among those 6 groups, traditional banks are conservative while individual experts unanimously bullish.

1. BTC price predictions by individual crypto experts:

  • Crypto experts are unanimously bullish on Bitcoin for 2024 and 2025, forecasting Bitcoin targets around $200,000 by 2025. While aggressive, these BTC forecasts for 2025 seem realistic. However, be cautious of the few “count yourself rich” targets as they are outliers.

2. Bitcoin price predictions from institutions specialized in crypto:

  • Crypto-focused financial institutions have unanimously bullish on Bitcoin forecast for 2024 and 2025. Many of these institutions avoid specific targets but they predict significant upside potential in Bitcoin’s price. Those with Bitcoin targets see BTC rising well above $100,000 in the period 2024 – 2025.

3. InvestingHaven’s top forecaster:

  • Our Bitcoin forecast 2024 is based on Bitcoin’s cup and handle chart. BTC may drop to its bullish Fibonacci levels $34,900 or $41,900 which we predict to offer an epic buy opportunity. If support holds, InvestingHaven’s Bitcoin price prediction 2025 suggests targets in the $100,000 – $120,000 area.

4. BTC predictions from traditional banks:

  • Bitcoin forecasts for 2024 and 2025 by traditional investment banks range from very bearish to mildly bullish. Notably, many are exploring Bitcoin-related services, indicating a growing interest in benefiting from Bitcoin’s long-term growth, consistently exhibiting a bullish bias in their BTC outlook.

5. BTC predictions from popular websites:

  • Bitcoin price forecasts for 2024 by popular online outlets tend to predict limited downside potential with only a few predicting BTC to fall to the $40,000 area as a potential support in 2024. Upside targets by this group, mostly using machine learning models for their BTC predictions, range from $78,000 to $120,000.
27 experts across 5 industry segmentsBitcoin price forecasts 2024 & 2025
1. Crypto experts / individualsUnanimously bullish.
BTC forecasted highs in the $80,000 to $100,000 range.
BTC lows for 2024 not lower than $45,000.
2. Financial institutions specialized in cryptoUnanimously bullish.
BTC forecasted around $200,000.
BTC lows for 2024: potentially $40,000.
3. InvestingHaven's top forecasterVery bullish long term with BTC target north of $150,000.
Potential BTC lows for 2024 either $41,000 or slightly lower (worst case).
4. Traditional banksVery bearish to mildly bullish.
Banks with Bitcoin offerings are more bullish than their peers.
5. Popular online outletsPotential BTC lows of 2024: $40,000.
Potential BTC highs for 2024: from $78,000 to $120,000.

InvestingHaven’s top forecaster predicting Bitcoin trends

InvestingHaven’s Bitcoin Price Forecast for 2024

We pivot to the top forecaster at InvestingHaven, and what his Bitcoin price forecast 2024 looks like.

Interestingly, the predictive model paints a bearish medium term picture and a bullish long term picture, see data shown above. While InvestingHaven’s forecaster shares a similar directional path for Bitcoin, his bullish targets are much more ‘aggressive’ than industry analysts and the predictive models indicate.

Back in October of 2023, when all markets were uncertain and shaking, InvestingHaven’s forecaster wrote How High Can Bitcoin Go In 2024? with this conclusion: “Bitcoin entered the area above its 50% retracement level. This bodes well for 2024, it suggests that Bitcoin can move higher in 2024, for sure it will move to 46k and potentially even 66k.

In September of 2023, when BTC was trading at $26k, InvestingHaven wrote: “Our base forecast for Bitcoin in 2024 is $45,600 with a bullish forecast being $66,000. We expect Bitcoin to move to all-time highs in 2025.”

InvestingHaven’s track record is outstanding. Our Bitcoin price predictions are very accurate. This is unusual considering the highly contrarian nature of our market calls. Hardly anyone believed the above mentioned calls at the time they were published.

InvestingHaven’s forecaster on the price of Bitcoin in 2024 *buy the dip*

InvestingHaven’s Bitcoin price forecast for 2024 is based on the cup and handle chart pattern. BTC should drop to one of its Fibonacci levels: either $41,900 or $35,300. A drop to one of these levels would be bullish long term. BTC price today 69433.116.

bitcoin btc price forecast 2024

InvestingHaven’s Bitcoin Price Forecast for 2025

Below is the long term Bitcoin chart. It suggests that a cup and handle chart formation is underway. If true, BTC is starting to work on the ‘handle’ which should be completed late 2024 / early 2025. This forecast, if materialized, will be super bullish for BTC in 2025.

InvestingHaven’s forecaster on the price of Bitcoin in 2025 *very bullish*

InvestingHaven’s top analyst has a very bullish BTC forecast 2025. If the area $41,900 to $35,300 holds strong on a 3-week closing basis, BTC will resolve higher in 2025. The current long term bullish chart pattern has bullish targets in the $100,000 to $120,000 area provided support is respected.

bitcoin forecast 2025

Bitcoin price predictions from traditional investment banks

Bitcoin forecasts for 2024 & 2025 by investment banks

Bitcoin price forecasts for 2024 and 2025 from traditional investment banks vary from very bearish to mildly bullish. However, what is striking is that several of them are actively exploring offering Bitcoin-related services, which indicates that there is a growing interest from that group to benefit from Bitcoin’s secular uptrend. Those that are not actively looking to offer crypto services tend to be much less bullish to even outright bearish. We advise to be mindful of bias in predictions by investment banks.

Investment banksBitcoin forecast 2024
JP MorganNeutral to bearish with minimum Bitcoin forecast 2024 of $42,000 and Bitcoin target for 2025 of $45,000.
Deutsche BankOutright bearish with a Bitcoin forecast 2024 of $20,000.
Goldman SachsDirectionally bullish BTC outlook because of institutional adoption.
Morgan StanleyDirectionally bullish BTC outlook because of institutional adoption.
Standard CharteredDirectionally bullish with a long term Bitcoin forecast of $100,000.

Bitcoin price predictions from institutions specialized in crypto

Bitcoin forecasts for 2024 & 2025 by financial institutions specialized in crypto

Bitcoin predictions for 2024 and 2025 from specialized financial institutions specialized in crypto are unanimously bullish. Many specialized institutions express their bullish outlook directionally, without BTC price targets. Those with a BTC price target expect BTC to rise well above $100k in 2024 or 2025.

Specialized institutionsBitcoin forecasts 2024 & 2025
Galaxy DigitalBitcoin outlook directionally bullish. Bitcoin forecast for 2024 up to $150,000.
FidelityBitcoin forecast directionally bullish, no specific price target given.
VanEckBitcoin forecast directionally bullish, new all-time highs forecasted for BTC in 2024.
Pantera CapitalBitcoin price forecast for 2024 & 2025 up to $148,000.
GrayscaleBitcoin forecast directionally bullish, no specific price target given.
BlackrockBitcoin forecast directionally bullish, no specific price target given.
MatrixportBitcoin forecast 2024 suggests a drop to $45,000 enabling a bullish trend to $125,000.
BitwiseBitcoin prediction 2024 up to $80,000.
BernsteinBitcoin prediction 2025 up to $150,000.
MicrostrategyBitcoin prediction 2025 up to $125,000.

Bitcoin price predictions from crypto experts

Bitcoin forecasts for 2024 & 2025 from crypto experts

Bitcoin predictions for 2024 and 2025 from crypto experts are all bullish. While several of them share aggressive upside targets for 2024 or 2025. Overall, there must be some bullish bias in this group simply because they heavily invest in crypto related financial services. Note, however, whenever an expert communicates a price target of $1,000,000 it is clearly an outlier. We would caution for forecasts with targets that trigger ‘count yourself rich’ type dreams.

Crypto expertsBitcoin forecasts 2024 & 2025
Mike NovogratzBitcoin prediction new all-time highs in 2024.
Peter BrandtBTC forecast for 2025 of $200,000.
Gerber KawasakiBitcoin prediction directionally bullish in 2024, no specific price target given.
Arthur HayesBTC forecast for 2025 of $1,00,000.
Samson MowBitcoin prediction directionally bullish in 2024, no specific price target given.
Tone VaysBTC forecast 2024 with lows of $39,000 enabling a bullish BTC forecast 2025 of $200,000.
Larry Fink, BlackRock CEOBitcoin prediction directionally bullish in 2024, no specific price target given.

Bitcoin price predictions from popular online outlets

Bitcoin forecasts for 2024 by popular online outlets using machine learning

Bitcoin price forecasts for 2024 by popular online outlets typically use machine learning models. The common denominator is that they don’t tend to predict a dip which is very often not realistic (dips are normal and healthy also in crypto markets).

Online popular outletsBitcoin forecast 2024 (published May 19th, 2024)
CoinDCXMinimum price $72,000 - maximum price $78,000
CoinpediaMinimum price $35,000 - maximum price $120,000
CoincodexMinimum price $67,614 - maximum price $116,445
30rates.comMinimum price $56,936 - maximum price $122,479
ChangellyMinimum price $84,475 - maximum price $96,546

Bitcoin’s Leading Price Indicator

The most important leading indicator of Bitcoin’s price is the US Dollar. Trends on the USD chart are inversely correlated to BTC.

When the USD goes down, Bitcoin tends to go up. Case in point: the USD set a local top in October of 2023, that’s also when the big move higher in Bitcoin started.

If the Bitcoin forecast 2024, outlined above, materializes, the USD should stay steady or move higher in the 2nd half of 2024. The USD chart pattern is increasingly bullish, there is a series of smaller bullish reversals. The big breakout area is 106.6-107.7 points. Once above that area, we see a bullish trend unfolding in the USD which is bearish for BTC.

US Dollar leading price indicator for Bitcoin

Current Bitcoin Price Information

Symbol: BTC
Name: Bitcoin
Price: $69433.12
Circulating supply: 19711278
Total supply: 19711278
Volume 24h: 30370648349.63
Percent change 1h: 0.063%
Market cap: 1368615460684.1

Bitcoin Historical Prices

2010: The Genesis Block

Bitcoin made its debut in 2010, with its first recorded price at just $0.003 per BTC. Trading was limited, and few recognized its potential. Despite the humble beginnings, Bitcoin laid the groundwork for a revolution in digital finance. The first block was actually mined in 2009, with the words “The Times 03/Jan/2009 on brink of second bailout for banks” inscribed.

2011: Early Adoption

As awareness of Bitcoin grew, so did its price. In 2011, BTC reached parity with the US dollar, trading at around $1 per coin. The coin gained traction among tech enthusiasts and libertarians, heralding the beginning of a new era in finance. At this stage, it was viewed much like a meme coin such as Doge, with no serious potential.

2012: Price Volatility

Despite its growing popularity, Bitcoin’s price remained highly volatile in 2012. Prices fluctuated between $5 and $13 per BTC, reflecting the speculative nature of the market. However, this volatility did not deter early adopters, who saw the long-term potential of digital currency. The mainstream media was mainly hyper-critical of the token and remained that way until 2024, when it became institutionally acceptable.

2013: The Bull Run Begins

In 2013, Bitcoin experienced its first major bull run, with prices soaring to over $1,000 per BTC by the end of the year. The meteoric rise captured the attention of mainstream media and investors worldwide, sparking a frenzy of buying and speculation. However, this rapid ascent also raised concerns about the sustainability of the rally.

2014: Mt. Gox Collapse

The optimism of 2013 was short-lived – the collapse of the Mt. Gox exchange sent shockwaves through the cryptocurrency community. Prices plummeted, falling from over $1,000 to below $400 per BTC. The incident highlighted the risks associated with centralized exchanges and the need for tighter security measures in the industry. Others stated that crypto was never meant to be kept in centralized exchanges in the first place.

2015: Market Recovery

Despite the fallout from the Mt. Gox debacle, Bitcoin began to recover in 2015. Prices stabilized around $200 to $300 per BTC, as investors regained confidence in the resilience of the cryptocurrency. The focus shifted towards building a more secure and sustainable ecosystem for digital assets.

2016: Halving Hype

The Bitcoin halving in 2016 generated renewed interest in the cryptocurrency, as supply dynamics came into focus. Prices started to climb, reaching over $700 per BTC by the end of the year. The event underscored Bitcoin’s deflationary nature and its appeal as a store of value in an uncertain economic landscape.

2017: The Year of the Bull

2017 was a watershed moment for Bitcoin, as prices surged to unprecedented heights. BTC reached an all-time high of nearly $20,000 per coin, driven by a perfect storm of institutional interest, retail FOMO, and mainstream adoption. However, the rapid ascent also led to concerns of a potential bubble and regulatory crackdown. The same day that futures were launched on major exchanges, BTC prices fell, leading some to cite insider trading and fraudulent activities..

2018: The Crypto Winter

The euphoria of 2017 was short-lived, as Bitcoin entered a prolonged bear market in 2018. Prices plummeted, falling below $4,000 per BTC, as regulatory uncertainty and investor fatigue took their toll. The ICO industry was also rife with hacks and scams, which scared away some of the more influential investors. 

2019: Signs of Recovery

Despite the challenges of the previous year, Bitcoin showed signs of resilience in 2019. Prices gradually recovered, climbing back above $10,000 per BTC by mid-year. Institutional interest also began to grow, with major corporations and financial institutions exploring the potential of digital assets. The stage was set for a new chapter in Bitcoin’s evolution. 

2020: The Halving Effect

The Bitcoin halving in May 2020 once again captured the attention of the market, as supply issuance was cut in half. Prices surged, surpassing $20,000 per BTC by the end of the year, fueled by a combination of institutional adoption and macroeconomic uncertainty. With COVID-19 well underway, the value of BTC as a hedge against inflation was a contributor to its growth. 

2021: Institutional Adoption

In 2021, Bitcoin cemented its status as a mainstream asset class, as institutional adoption reached new heights. Prices surged to over $60,000 per BTC, driven by corporate treasuries, investment funds, and billionaire investors. It also prompted other coins to rise in value, as this was the best-performing year for the wider crypto industry. However, regulatory scrutiny and environmental concerns also emerged as key challenges for the cryptocurrency industry. One study in particular about BTC using more electricity than most countries did a lot of reputational damage. 

2022: Market Correction

After the euphoria of 2021, Bitcoin faced a market correction in 2022, as prices retreated from their all-time highs. Prices fluctuated between $30,000 and $50,000 per BTC, reflecting a more cautious sentiment among investors. The pullback was seen as a healthy consolidation after the rapid gains of the previous year, providing opportunities for long-term investors to accumulate. As we have always stated at IH, market corrections are wonderful buying opportunities – assets are not going to rise in a straight line forever. 

2023: Resilience and Adaptation

Despite the challenges of the previous year, Bitcoin continued to demonstrate resilience in 2023. Prices stabilized around $40,000 to $60,000 per BTC, as the cryptocurrency found support from institutional investors and retail traders alike. The focus shifted towards addressing scalability and sustainability concerns, laying the groundwork for future growth and adoption. The narrative that Bitcoin was a fringe asset had finally died off, and even TradFi investors like Jamie Dimon and Warren Buffet had to reevaluate their assessments. 

Conclusion

In 2024, Bitcoin continued its evolution as a digital asset and store of value. Prices remained relatively stable, trading above $60,000 from March 2024. 

Institutional adoption continued to grow, with more corporations and financial institutions integrating Bitcoin into their portfolios. Technological advancements, such as the Lightning Network, aimed to improve scalability and transaction speeds, enhancing Bitcoin’s utility as a medium of exchange. 

Bitcoin halving is also expected to have a significant impact on the price of BTC, an event that took place on April 2024 and takes place every four years, promoting scarcity.

Bitcoin FAQs

How does Bitcoin's scarcity affect its price?

Bitcoin’s fixed supply of 21 million coins creates scarcity, which can contribute to its price appreciation over time. As demand for Bitcoin increases, particularly in times of economic uncertainty or inflationary pressures, its limited supply can lead to higher prices. The halving events, which reduce the rate of new Bitcoin issuance, further reinforce its scarcity and may contribute to price appreciation.

How does technical analysis help predict Bitcoin's price movements?

Technical analysis involves studying historical price data and trading volumes to identify patterns and trends. Analysts use indicators like moving averages, support and resistance levels, and chart patterns to make predictions about future price movements. While technical analysis can provide insights into market sentiment, it’s important to consider fundamental factors alongside technical indicators.

What are support and resistance levels, and why are they important in Bitcoin trading?

Support and resistance levels are key concepts in technical analysis. Support represents a price level where buying pressure is strong enough to prevent further declines, while resistance is a level where selling pressure outweighs buying pressure, preventing further gains. These levels can help traders identify potential entry and exit points and anticipate price reversals.

How does market sentiment impact Bitcoin's price?

Market sentiment, or the overall attitude of investors towards an asset, plays a significant role in determining Bitcoin’s price movements. Positive sentiment, driven by factors like mainstream adoption or favorable regulatory news, can lead to price increases, while negative sentiment, such as concerns about security or regulatory crackdowns, can cause prices to decline.

What role do institutional investors play in Bitcoin's price movements?

Institutional investors, including hedge funds, asset managers, and corporations, have increasingly entered the Bitcoin market, impacting its price dynamics. Large purchases or sales by institutional players can influence market sentiment and trigger price movements. Institutional adoption also lends legitimacy to Bitcoin as an asset class, attracting more investors and driving demand.

What role do macroeconomic factors play in Bitcoin's price movements?

Bitcoin is often seen as a hedge against inflation and currency devaluation, leading to increased demand during times of economic uncertainty or when traditional assets underperform. Factors such as central bank policies, geopolitical tensions, and economic indicators can influence investor confidence and drive capital flows into Bitcoin, affecting its price.

Is Bitcoin's price volatility a cause for concern?

While Bitcoin’s price volatility can present both risks and opportunities for investors, it’s important to consider it within the context of its relatively short history and evolving market dynamics. While volatility may deter some investors, others see it as an opportunity to profit from price fluctuations through active trading or long-term investment strategies. Risk management and diversification are key considerations for navigating Bitcoin’s volatility.

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