Here's When Bitcoin's (BTC) Price Will Peak During This Cycle: Experts (2024)

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Here's When Bitcoin's (BTC) Price Will Peak During This Cycle: Experts? ›

“This bitcoin bull cycle — which kicked into gear earlier because of the January approval of the spot ETFs — might well be shorter and more explosive, culminating in a peak in late 2024 or early 2025,” Trenchev added.

Swyftx lead analyst Pav Hundal told Cointelegraph that Bitcoin would at least double by the next halving in 2028, estimating a price of around $120,000. Meanwhile, CEO of Acheron Trading and quantitative trading strategies expert Laurent Benayoun anticipates a potential cycle top of $180,000.

Bitcoin Price Prediction 2024

With the rising hopes for interest rate cuts in the US market will bolster BTC's price uptrend. Therefore, 2024 is highly anticipated to be a bullish year for Bitcoin, with a potential high of around $120,000 and a potential low of $35,000.

Thomas Perfumo, head of strategy at Kraken, said Bitcoin prices historically peak 12 months to 18 months after a halving event but noted that the cryptocurrency already hit an all-time high less than two months ago, “which is earlier than in prior market cycles.”

Bitcoin has been the subject of many price predictions, some of them extreme. Notably, Cathie Wood, CEO of Ark Invest, predicted that bitcoin could reach an astounding $1.48 million by 2030. Obviously, the world's oldest cryptocurrency has come a long way since its first recorded price of less than a cent.

If Bitcoin continues this pattern into 2030, the price could peak around 2029 or 2030. If Wood is correct and Bitcoin reaches $3.8 million, if you invested $1,000 in Bitcoin now, it would be worth $54,280 in 2030. This would result in a compounded annual growth rate (CAGR) of nearly 95%.

By 2040, the maximum price of the BTC Coin is projected to be around $5,69,240.60. Our average price forecast for Bitcoin is $5,57,632.74 in 2040. Conversely, if the market turns bearish, the minimum price level of BTC Coin could fall down to $5,42,838.40 by 2040.

Bitcoin BTC/USD price history up until May 17, 2024

Bitcoin (BTC) price again reached an all-time high in 2024, as values exceeded over 73,000 USD in March 2024.

Will BTC pump after halving? ›

"We do not expect bitcoin price increases post-halving as it has already been priced in," analysts led by Nikolaos Panigirtzoglou wrote in a report on Wednesday, reiterating their previous similar views. "In fact, we see a downside for the bitcoin price post-halving for several reasons."

Max Keiser predicts Bitcoin to be worth $200K in 2024. Fidelity predicts one Bitcoin will be worth $1B in 2038. Hal Finney predicted $22M per Bitcoin by 2045.

Typically, Bitcoin prices continue to surge for a good few months following a halving month, rising, on average, for seven months.

Bitcoin (BTC) Prediction for 2040 and 2050

If we draw a line connecting Bitcoin's historical lows, we get a prediction of $1.3 million by 2030 and a staggering $200+ million by 2040 and 2050, which would put its market cap at an unreasonable $4 quadrillion. By this time, this asset class will likely be matured.

Satoshi Nakamoto, the pseudonymous creator of Bitcoin, is believed to own the most bitcoins, with estimates suggesting over 1 million BTC mined in the early days of the network.

The Pi Cycle Top Indicator forecasts the cycle top of Bitcoin's market cycles. It attempts to predict the point where Bitcoin price will peak before pulling back. It does this on major high time frames and has picked the absolute tops of Bitcoin's major price moves throughout most of its history.

Our most recent Bitcoin price forecast indicates that its value will increase by 11.45% and reach $75,043 by May 22, 2024. Our technical indicators signal about the Bullish Bullish 90% market sentiment on Bitcoin, while the Fear & Greed Index is displaying a score of 70 (Greed).

Cryptocurrencies are most commonly traded between 8am to 4pm in local time. While the crypto market is 24/7, your trades are more likely to be executed when there is the highest level of activity. Outside of these hours, when trading is lighter, it can be more difficult to open and close trades.

Notably, Cathie Wood, CEO of Ark Invest, predicted that Bitcoin could reach an astounding $US1. 48 million by 2030, and recently said she believes it will cross the $US1 million dollar mark much earlier.