Bitcoin Price Prediction: The Things You Must Know


This article will make Bitcoin price prediction for the next five years. Recently, cryptocurrencies have been taking over the financial sector, and Bitcoin is the biggest of them all. In that light, we have tailored this analysis to be useful even for novices traders in the cryptocurrencies market.

Undoubtedly, Bitcoin is the cryptocurrency trendsetter, and it has the highest value. Many people who are not fans of the current centralized banking system find Bitcoin’s decentralized system more appealing. We found it very important to break down Bitcoin trading patterns and give you a precise prediction.

Firstly, we will start with the definitions of all the technical terms used in the market before analyzing Bitcoin’s pricing history. We will then answer all the frequently asked questions and conclude by predicting your prices.

What is Bitcoin?

Bitcoin is a decentralized digital currency. That means it can be sent from user to user on the peer-to-peer Bitcoin network with no intermediaries (no central bank or single administrator). These transactions are then verified by miners using cryptography and then recorded on the blockchain. A blockchain is a publicly distributed ledger where Bitcoin transactions are stored.

Interestingly, Satoshi Nakamoto, a pseudonym for an unknown individual or group, created the cryptocurrency in 2008. But, it was released as open-source software in 2009. Mining started soon afterward, and it has since become the primary way of creating Bitcoins.

In short, Bitcoin is a relatively new digital currency. It employs the latest technologies, taking up the world by storm.

The Value of Bitcoin

Bitcoin has a market cap of $1,073,590,182,498 and a fully diluted market cap of $1,193,691,585,580. It was trading at $56,827.19 as of November 30th, 2021. Interestingly, unlike traditional currencies, Bitcoin is not issued by a central bank or backed by a government.

Factors that significantly influence the value of Bitcoin include the number of cryptocurrencies in competition, the price of producing a Bitcoin via the mining process, regulations governing its sale, the supply and demand of Bitcoin in the market, etc. It should be noted that purchasing a Bitcoin is not the same as buying a stock or bond.

Demand for Bitcoin increases as it reaches its maximum limit of 21 million coins. As a result, more businesses are investing in Bitcoin and accepting it as a means of payment. This further enhances its utility and makes it a favored medium of exchange among customers.

Bitcoin is also widely available on many exchanges. Contrary to popular belief, you do not need to buy a complete Bitcoin to own it. There are fractional shares available, which adds to its appeal and value. It is important to note that Bitcoin is relatively safe thanks to cryptography and solid protocols.

The History Price of Bitcoin before 2021

First and foremost, let us look at Bitcoin’s history before making a Bitcoin price prediction.

The Price History of Bitcoin in 2017

Open price: $973.37 Close price: $13863.13

On July 15, the Bitcoin price was trading at $2217.02. The same day, the controversial Segregated Witness [SegWit] software upgrade was authorized. That made the Bitcoin prices shoot up. On July 21, Bitcoin was priced at $2873.45, making 19.45 percent up from July 14, when it was $2217.24.

However, SegWit had fully implemented the software on the network on the 24th of August, 2017. As a result, Bitcoin was trading at $4312.03 on that day. It was a giant leap compared to the low price of $2732.59 that Bitcoin had registered on August 1, 2017.

Unsurprisingly, supporters of huge blocks split the software to produce Bitcoin Cash since they were unhappy with the activation of SegWit. This became one of the many forks of Bitcoin similar to Bitcoin Gold. As a result, the price of Bitcoin dropped shortly afterward.

The Bitcoin Price History in 2018

Open price: $13863.14 Close rice: $3691.86

China banned Bitcoin trading within borders on February 1, 2018. Meanwhile, Bitcoin was trading at $10099.99 as of this day. On February 5, Bitcoin prices decreased from $8167.90 to $6905.19.

The price of Bitcoin varied between $11480 and $5848 over the rest of the first half of 2018. For instance, on July 1, the price of Bitcoin was $6385.82. Then, an unknown entity found and reported an invalid block denial-of-service issue to Bitcoin Core, Bitcoin ABC, and Bitcoin Unlimited developers in September 2018. After that, the prices were adversely affected even though the community fixed the problem later. Consequently, the month of September closed with Bitcoin trading at $6605.

To sum up 2018, the price of Bitcoin further deteriorated. It was trading at a low price of $3128.89 on December 15th.

The Bitcoin Price Performance in 2019

Open price: $3691.87 Close price: $7165.72

Quadriga Fintech Solutions, a Canadian cryptocurrency exchange, went bankrupt with about $200 million missing on 1st February 2019. As a result, Bitcoin was trading at a dismal price of $3437.50. The price had rebounded to $13868.44 on June 26th.

Meanwhile, the Intercontinental Exchange (the owner of the NYSE) started trading Bitcoin futures on its Bakkt exchange in September 2019. Consequently, Bitcoin was trading at $10347.71 on September 15th. Subsequently, Bakkt announced that it would begin offering Bitcoin options in December 2019; this had an overall positive effect on the price of Bitcoin.

For example, the price of Bitcoin on December 1st was $7424.29.

The Price Review of Bitcoin in 2020

Open price: $7165.72 Close price: $28990.08

On March 13, Bitcoin’s price plummeted to a dismal price of $3858. This was despite previously trading above $10000 in February 2020. Consequently, the owners of the 281000 Bitcoins sold on March 11, at a closing price of $7911.43, only held onto them for thirty days. Without a doubt, much of the Bitcoin volatility on that day came from recent buyers.

Further, the onset of the COVID-19 pandemic made account signups on the cryptocurrency exchange Kraken spike up 83 percent. This was due to the low prices of Bitcoin since purchasers hoped to profit from the low price.

Meanwhile, MicroStrategy invested $250 million in Bitcoin as a treasury reserve asset in August. Similarly, in October, the cryptocurrency giant Square, Inc. invested almost 1% of its total assets ($50 million) in Bitcoin. These investments made the Bitcoin trade at an all high of $14028.21 as of October 31st. This contrasts with the lower price of $11322.57 on August 1st.

In addition, PayPal stated in November 2020 that US consumers would be able to buy, keep, and sell Bitcoin. As a result, the value of Bitcoin reached a new high of $19749.26 on November 30, 2020, surpassing the previous high of December 2017.

The Price of Bitcoin Year to Date of 2021

Open price: $28990.08 Close price: $56987.97

On January 19th, Bitcoin was trading at $36624.23. That very day Elon Musk added the handle #Bitcoin to his Twitter profile and tweeted, “In retrospect, it was inevitable,” subsequently causing the price to climb by $5000 in an hour to $37857.00. Meanwhile, on January 25, MicroStrategy said that it would continue to buy Bitcoin, withholdings of 70784 worth $2.38 billion.

After that, on February 8, Tesla revealed a $1.5 billion Bitcoin purchase and a plan to accept Bitcoin as payment. As a result, Bitcoin’s price went up to $46448.10.

However, Tesla switched course on May 12, after 49 days of taking the digital currency. They announced that they would no longer accept Bitcoin due to worries that “mining” the cryptocurrency contributed to global warming. The price of a Bitcoin was $58041. Shortly afterward, on May 13, the position of Bitcoin dropped by roughly 12% to trade at $49690.11.

Not so long after July, Musk announced that Tesla might potentially help Bitcoin miners switch to renewable energy in the future. In addition, he also affirmed that “Tesla would resume taking Bitcoin” if Bitcoin mining reaches, and trends above, 50% renewable energy usage. As a result, the Bitcoin price increased.

The Summary of The Bitcoin History Price

Based on the detailed past prices of Bitcoin, we can learn about its history price trajectory. The chart below is the detailed history price of Bitcoin from 2017-2021. From these useful data, we can now make price prediction of Bitcoin with suitable technical analysis.

YearLowest PriceHighest Price
The Price History of BTC from 2017 to 2021

The Price Prediction of Bitcoin in The Future

Since Bitcoin overwhelmingly dominates the first place of cryptocurrency market capitalization for 8 years, it’s essential to learn the price trend of BTC. Furthermore, it’s also crucial to maintain your portfolio if you are a crypto investor.

The Bitcoin Price Prediction at The End of 2021

After a sudden crash of BTC in early December, it wiped off around $300 billion of the combined crypto market. Meanwhile, the price of Bitcoin fell almost 30% from the all-time high of $69,000 set last month. However, smaller cryptos like ETH, BNB, ADA, and XRP have bounced back after the crash.

Bitcoin Price Prediction
The Fibonacci Retracement of BTC in late 2021

As a result, we believe that Bitcoin will perform strongly in the rest of 2021. The Fibonacci retracement chart predicts that Bitcoin may swing between the 0.236 and 0.382 levels. While $50,000 is also a floor support line, we can conclude that the BTC price will stay between $50,000 and $52,500 by the end of 2021.

Bitcoin Price Prediction of 2022

Indeed, there are so many factors and external influences that make it hard to predict the trend of Bitcoin via the historical technical analysis. But while we look back at the Bitcoin price for the last two years, it went up steadily from below $10,000 to the all-time high of $69,000 in Nov. 2021. On a large scale, the price of Bitcoin would stay bullish upstream.

In September of 2021, El Salvador became the first country to recognize Bitcoin as legal tender officially. Bitcoin has begun to realize its full potential as a fiat currency disruptor, especially for emerging markets countries. As more and more entities use the BTC, it should easily reclaim $60,000 and strike through $70,000 in the first half of 2022.

In conclusion, we forecast BTC should move around at the average price of $70,000. And the price of Bitcoin will be in the range between $50,000 and $100,000 with lots of fluctuation.

Bitcoin Price Prediction of 2023-2025

Undoubtedly, Metaverse and NFT trading development will bring more investors to trade cryptocurrency, including Bitcoins. However, the max supply of BTC is limited to 21 million. No doubt that it will be a great scarcity. According to the demand-supply model, the price of BTC would surge to skyrocket. But the users can trade NFT and virtual goods with other alternative cryptos.

In the range of 2023 to 2025, the price of Bitcoin will oscillate from $80,000 to $300,000. And it will be strongly affected by short-term market.

Bitcoin Price Prediction from 2025 to 2030

Indeed, it’s impossible to predict any cryptocurrency on a 10-year scale. Especially for the crypto coin oscillates violently like Bitcoin. What’s more, Bitcoin may lose its dominant position in the market cap by 2030. If it happens, the price of Bitcoin will be more steady with fewer fluctuations. Some financial analysts make a bold guess that Bitcoin price could break the $1 million ceiling before 2030. But it would make trading with BTC become an ordeal. As a result, the transactions will move from the Bitcoin network to other crypto chains.

In long-term prediction, the price of BTC will be stuck below $800,000. It might be some spikes that can go up above $1,000,000. But eventually, it would retreat to $1M under. In the end, the price of BTC will sit between $200,000 and $1,000,000, with average oscillations by 2030.

FAQ of Trading The Bitcoin

How & Where to Buy Bitcoin?

Firstly, you will need to register with a cryptocurrency exchange like Coinbase, Kraken, Gemini, or Binance (just to name a few). The second step before you start trading is to transfer money into your exchange or brokerage account. This should be from a checking account, a savings account, a wire transfer, or even a PayPal transfer. Alternatively, you can also buy Bitcoin with a credit or debit card. The important thing is finding a platform that offers excellent security, acceptable fees, and convenient use.

After successfully depositing enough money, you can buy Bitcoin by searching the term Bitcoin on the exchange platform. Typically, you can choose between putting in a certain amount of dollars or a certain amount of Bitcoins. Finally, the crypto exchange service will complete the transaction as soon as everything is appropriately settled.

How to Mine Bitcoin?

Bitcoin mining is creating new Bitcoin by solving a computer challenge. Most importantly, keeping the Bitcoin record of transactions up to date is required. You may learn the mechanism of how to mine or generate Bitcoin from other posts in our blog.

How to Invest in Bitcoin?

A novice Bitcoin investor must have some items. These are items such as personal identification documents, a digital wallet, a secure internet connection, a bank account for cryptocurrency exchange, and so on. In addition, to purchase Bitcoin, the user must link their wallet to a debit/credit card and a bank account. The final step is choosing a reliable exchange like Bexplus and registering. Trading can start immediately after.

How High will Bitcoin Go?

According to crypto researchers and industry experts, the price might climb beyond $100000 to as much as one million dollars per BTC in the future.

How to Short Bitcoin?

A cryptocurrency margin trading platform is one of the simplest ways to short Bitcoin. As a result, many exchanges and brokerages permit margin trades.

Should I invest in Bitcoin?

Bitcoin is highly volatile. It has just as much of a chance of reaching new highs as it does of collapsing. That isn’t to say that today isn’t a good moment to invest. According to some industry observers, BTC is expected to exceed $100000 by the end of 2021. If you agree with these forecasts or the Bitcoin price prediction above, now might be an excellent time to invest in Bitcoin.


As the No.1 cryptocurrency in market capitalization, no doubt that Bitcoin is and will be the best investment choice. However, the mining of Bitcoin consumes a lot of energy. If you are an environmentalist, you may invest in proof-of-stake cryptocurrency. The guide about Cardano price prediction would be a good start for you.

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