The post Bitcoin Price Prediction 2023 – 2025: Will BTC Price Mark New Low’s In The Coming Days? appeared first on Coinpedia Fintech News

The market leader Bitcoin has had a tough sail since the start of 2022. The cryptocurrency, after brushing its multi-year lows, is currently being traded between $16,500 – $17,500 in the foreign exchange market. Successively, occurrences such as FED’s interest rate hikes, Russian Invasion, Europe’s vote on PoW chains. An insolvency crisis of Celsius and 3AC, have collectively collared the bitcoin price prediction. Supply chains are evolving with Bitcoin and Blockchain.

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 price and ethereum price. Are you one of the many, who are keen on Bitcoin’s Price Prediction? Fasten your seatbelts, as this write-up decodes the possible Bitcoin price prediction 2023 – 2025 and beyond.

Overview

CryptocurrencyBitcoin TokenBTCPrice$ 16,932.9700Market cap$ 0.0000Circulating Supply 0.0000Trading Volume $ 0.0000All-time high$ 0.0000 Jan 1, 1970All-time low$ 0.0000 Jan 1, 1970

Bitcoin (BTC) Price Prediction 2022 – 2025

Bitcoin was the first decentralized digital currency to be introduced in the market. Many cryptocurrency work on this Blockchain technology. Bitcoin price has always been a highlight in the industry, its price effect the market valuation in a large volume. Bitcoin price predictions has always been a concern to many individuals including investors. This crypto is also considered to be the spine of crypto verse.

Bitcoin Price Prediction December 2022

Source: Trading View

The current situation of the market is not certain, as experts suggest another crypto winter is on the way. The market may take time to recover from this bearish trend. Not much can be expected from it because the market’s volatility is at its peak. 

If the bulls manage to take over the power from the bears, BTC’s price could go as high as $18,954.37. On the flip side, if bears weigh more than bulls, the price could settle at $13,857.28. That said, usual buying and selling pressures could settle the average selling price of $15,405.825.

Bitcoin Price Prediction 2023

With having a sole mission to create a more economic freedom in the world, Bitcoin has been making progress each day. Bitcoin has many unique properties and working system, which allows its user to make transfers globally and with low processing fees. This new payment system has excited many users and continues to establish itself deeper into the system.

According to Glassnode, the total supply held by holders has reached a new ATH of 13.62 million BTC. A steady rise in volumes could push the bitcoin price to $43,959.19. In contrast, the price of the star crypto could sink to a low of $23,218.00. Successively, a balance in trade activities could settle the price at $34,412.75.

Bitcoin Price Forecast 2024 

We will be able to see notable changes in scalability, with developments in the taproot. Moreover, this blockchain supply crunch would grow more evident, with the approaching halving event. Wherefore, the price could surge to a maximum of $74,967.47 by the end of 2024. 

In contrast, factors like a prolonged bear run could knock the minimum price down to $39,453.57. That being said, the regular price of BTC could land at $57,743.23. 

Bitcoin Price Prediction 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, the bitcoin price could skyrocket to $124,867.54 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, and regulation, amongst others. The possibility of the BTC price ending the yearly trade at $65,556.29 cannot be ruled out. Consecutively, factoring in the bullish and bearish targets the average price might land at $95,298.65.

CoinPedia’s BTC Price Prediction

According to the formulated price prediction by CoinPedia. Seeking impetus from institutional investments and acceptance. Bitcoin price prediction could propel to a maximum of $18,954.37 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 $15,405.825.

Factoring in Bitcoin’s price projections in the past, we can make the 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

Firm Name2022202320242025Wallet Investor$21,565.84$25,333.67$28,606.59$32,098.54Digital Coin Price$21,484.18$34,212.48$44,359.71$54,179.07Gov. Capital$22,049.62$55,909.87$93,993.09$138,715

*The aforementioned targets are the average targets set by the respective firms.

Latest Updates On Bitcoin

Bitcoin is getting more recognition globally as more and more people have started believing in this technology.

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. 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.

Bitcoin Historic Price Sentiments

Bitcoin (BTC) price 2008 – 2010

The proposal of introducing Bitcoin was implemented in 2008 by a pseudonymous person/group of persons called Satoshi Nakamoto. 

Bitcoin was launched on the 3rd of January 2009, when a block named genesis got mined. Later the transaction took place after a week.

BTC was officially launched on the exchange Bitcoinmarket.com at a price of $0.003.

Bitcoin progressively hiked as it was trading at $0.35 on bitcoinmarket.com and $0.5 on Mt.Gox. 

Bitcoin price 2011 – 2013

The price drastically surged to $32 by early June 2011, but further fell to $10. With certain variations.

The price sank to $6 in the first week of August. The coin quickly recovered to reach $12, but further sank to $2.5 by the end of November.

With certain variations, BTC managed to trade around $5.27 and $12.57 throughout the year 2012.
The star coin was trading at around $20 during February 2013, 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.

Interestingly, the bitcoin price hit $1,124.71 by the end of November. And closed the annual trade at $755.16.

BTC price 2014 – 2016

BTC entered 2014 with a price of around $818.76 but did encounter fluctuations further on. Bitcoin was seen trading between $321.05 and $839.01 throughout 2014.

The coin hovered between $229.75 and $416.82 for the year 2015.

Bitcoin commenced its trade for 2016 with a price tag of $433.67. BTC’s price hit $753.35 by mid-June as the community announced the news about its second halving event.

The price of Bitcoin managed to end the yearly trade on a bullish note at $951.01.

Bitcoin price 2017 – 2019

The price soared dramatically to $2,164.46 by the end of May, and to $2,968.00 by Mid June 2017. 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 2017. The price was seen further declining to $14,839.59 towards year-end.

Bitcoin was seen commencing 2018 on a bearish note, with a price tag of $13,877.46. The proposal of Bitcoin’s ban by Korean authorities, led to a massive price crash to $8,270.10 by mid-February.

However, the yearly trade was closed at $3,851.18.

The eternal-like control of bear market led Bitcoin to commence January at $3,692.53. Bitcoin had made its way to the second quarter with a price tag of $5,300, the star crypto touched the $11,300 mark.

The year was terminated on a bearish note at $7,379.96.

BTC price 2020 – 2022

The announcement of Bitcoin’s triple halving event helped the price surge progressively to $8,900 by the end of May 2020.

Surprisingly, the altcoin was trading at $21,352.13 by mid-December and managed to end the annual trade at $29,388.94.

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.

The year had started off well, as there were stable fluctuations in the chart and the price of Bitcoin was rising constantly.

Bitcoin seems to have parted ways with Wall Street. While the stocks faced south, the BTC price rallied and reached $21,428.46

The CZ (BNB) – SBF (FTT) dispute has caused the entire market to crash.

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Filed under: Bitcoin - @ December 12, 2022 4:30 am