It’s true that Bitcoin was a great disappointment for investors in 2019. BTC price went up from $3 771.385 on January 1st 2019 to $7 296.164 on December 31 2019. However, it is worth monitoring our Bitcoin price prediction algorithm: Bitcoin might still have investment potential if not short term in 2020, then long-term. If you look for good return in 3 to 5 years, BTC might be the coin to watch closely now.
The current Bitcoin price is $9 080.54, its circulating supply is 18 421 162 BTC. Our algorithm predicts that based on historical data Bitcoin price will be at $7 993.81 in 1 week and $9 172.48 in 1 month. Our deep learning algorithm predicts the BTC price will be at $13 009.63 in 6 months. Analysis of the cryptocurrency market shows that Bitcoin price may reach $13 255.83 by 1st of January 2021 driven by the potential interest from large institutional investors and more regulation expected in the field of digital currencies. The system predicts that BTC will stay around $12 349.77 in 2021, $13 255.83 in 2022, $22 567.95 in 2023, $38 736.79 in 2024 and $70 109.16 in 2025.
While creating the Bitcoin prognosis our script has revealed strong fluctuations during the last 180 days. The highest possible predicted price in 180 day period is $13 009.63 and lowest possible predicted price is $11 884.16.
The current market dynamics creates the impression that investors' interest in cryptocurrency market has faded away, which may not be the case. Cryptocurrencies that truly deliver value will not vanish, they will continue to grow – and Bitcoin has the potential to stay within "survivors" team. Our Bitcoin short-term and long-term prediction charts will help you choose the right entry time and create a proper exit plan.
Keep a close look on our Bitcoin Price Prediction Forecast Tool to get daily, weekly, monthly and yearly Bitcoin forecast updated daily. You can also check other cryptocurrency price prediction here.
|1 day||$8 847.47||-2.57%|
|1 week||$7 993.81||-11.97%|
|1 month||$9 172.48||1.01%|
|6 months||$13 009.63||43.27%|
|1 year||$12 349.77||36%|
|1 year||$12 349.77||36%|
|2 years||$13 255.83||45.98%|
|3 years||$22 567.95||148.53%|
|4 years||$38 736.79||326.59%|
|5 years||$70 109.16||672.08%|
What is the current price of Bitcoin (BTC)?
The current price of Bitcoin is $9 080.54.
What is the current market capitalization of Bitcoin (BTC)?
The current market capitalization of Bitcoin is $167 274 051 824.
What will be the price of Bitcoin (BTC) Tomorrow?
Our algorithm forecasts that the price of Bitcoin will reach $8 847.47 tomorrow.
In 1 year from now what will 1 Bitcoin be worth?
As per the forecast and algorithmic analysis, the the price of 1 Bitcoin will be around $12 349.77.
Is it profitable to invest in Bitcoin (BTC)?
The investment period is the number 1 decisive factor here. Based on last year price data the system would put "With Caution" investment status for Bitcoin (BTC) as a short term investment. Bitcoin can get a "Profitable" investment status based on our prediction algorithm with long term investment horizon of 3 to 5 years.
Will Bitcoin be growing in the Future?
Bitcoin is potentially one of the most profitable among digital coins.
How high can the Price of Bitcoin go?
Our algorithm forecasts that the price of Bitcoin will reach $70 109.16 by 2023.
Is Bitcoin (BTC) flashing a "Buy" signal now?
Yes, our algorithm predicts it's the right time to buy Bitcoin now.
Despite the approach of halving, it is still difficult to see the signs of FOMO in the market dynamics, which can drive the price far above $ 10,000. And the closer the halving, the less chance it will happen. Bitcoin runs the risk of depreciating multiple times in the coming months if it falls below the 200-day moving average ($ 8,000).
Real crypto enthusiasts should not be afraid of lowering the cost of bitcoin. Increasing production complexity, reducing rewards, stabilizing prices, increasing trading volumes and losing interest on the part of regulators - this formula may well become working to turn BTC into a real add-on over the financial system, despite the price drawdown.
Halving is now the main trigger for the cryptocurrency market, and most participants expect a positive impact. However, there are fears that the upcoming halving is already taken into account in the price of bitcoin, and there is a possibility of a sharp collapse shortly before or immediately after the event.
|Price, USD||24h||7 days|
|UNUS SED LEO||1.250||-0.28%||4.68%|
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