Bitcoin Price Prediction: BTC Price Falls 4%, Targets Monthly Close Trade Above $26,500

Key Takeaways

• After the recent rejection from the interim highs, the Bitcoin price seems to be moving downwards, aiming to hit the lower support.
• While the bulls appear to have exhausted today, a strong rebound is expected to lift the price finely shortly.
• Besides, the technicals continue to flash bullish signals despite the current trend remaining under the bearish influence.

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Bitcoin Overview as of September 25, 2023

Bitcoin Price	$26,111.17
24 Price Change	-1.77%
7D Price Change	-2.18%
Market Cap	$509.09 billion
Circulating Supply	19.49 million
Trading Volume (24-Hour)	$10.82 billion
ATH	$68,789.63
Fear-Greed Index	47 (Neutral)
Sentiment	Bearish
Volatility	1.82%
Green Days	12/30 (40%)

Bitcoin Technical Analysis

 

Bullish	7%
Bearish	93%

Source: Tradingview

• The BTC price has been descending ever since it reached the yearly highs. But in the past few weeks, the trend has remained sideways, indicating the bulls and bears are competing for supremacy.
• The depleted volume can be considered the key reason for the movement to stay squeezed within narrow ranges.
• Observing Bollinger Bands, it can be analyzed that the price could remain stagnant for some more time or until it hits the lower support of the rising parallel channel.
• Beyond this, a suitable bullish momentum could rise, enabling the price to rebound toward the upper resistance of the channel.

Read More: Ethereum Price Prediction

BTC Price Prediction 2023-2030

Year	Minimum Price / Maximum Price
2023	$32,500 to $33,800
2024	$68,000 to $72,000

Bitcoin Price Prediction September 2023

Bitcoin’s price is likely to remain stable at its current levels, creating a backdrop for potential significant price movements in the coming days. Historically, September has been unfavorable for Bitcoin, characterized by notable value declines. Given the prevailing bearish sentiment, Bitcoin may experience further reductions, testing support near the $25,004 level, known for its high liquidity. 

By the end of the month, Bitcoin could be trading within the range of $26,200 to $26,500. This projection reflects the cautious outlook for Bitcoin’s performance in September amid a bearish market sentiment.

Bitcoin Price Prediction October 2023

The beginning of October may come with increased volatility, in line with a steadily strengthening bullish trend. This upward movement is expected to gradually diminish the impact of BTC selling pressure as buying activity gains momentum in defiance of prevailing market sentiment.

This shifting landscape sets the stage for a potential battle between bullish proponents and bearish advocates, resulting in an intriguing clash of market forces that might keep the price range relatively narrow. As a result, experts in the industry foresee the crypto’s price concluding the month within the range of $27,150 to $27,880.

Bitcoin Price Prediction November 2023

Since the month’s outset, the crypto market could see a gradual increase in bullish sentiment. As trading progresses, the price has the possibility to continue to rise to higher levels. However,  a minor pullback might occur along the way, slowing down the rally without necessarily indicating a significant reversal. 

Looking ahead to the month’s end, Bitcoin’s price could approach approximately $30,290. Alternatively, if buyers exert strong pressure, it is conceivable that prices could surge beyond these levels, reaching a range between $31,500 and $31,700.

Bitcoin Price Prediction December 2023

As the year draws to a close, there is the potential for a surge in bullish sentiment within the markets, fueled by traders’ optimism for a positive start to the upcoming year. The influence of bearish tendencies is likely to be limited, given the evident strength of the bullish forces, potentially propelling the price beyond the $32,000 mark by the year’s end. 

The rally may encounter a minor obstacle around the $31,600 resistance level, which has demonstrated significance in the past. Nevertheless, the rally has a chance to successfully achieve a year-end close above $32,500.

Bitcoin Price Prediction 2024

• Bitcoin could experience a corrective phase in the initial weeks, possibly setting the stage for a promising upward path in 2024.
• As this trend gains momentum, there’s a chance that the token could surge even higher, crossing the $38,000 mark and potentially surpassing $40,000.
• Following these significant milestones, it’s expected that there might be a bearish pullback for BTC, possibly rebounding by the end of the third quarter. 
• The ongoing upward trend could then evolve into a strong bull run, culminating in the year’s conclusion and establishing a new all-time high that could potentially exceed the $72,000 mark.

Bitcoin Price Prediction 2025

• The trend is expected to be transformed since the beginning of the year, which implies a prolonged and substantial decline in the value. 
• This extended bearish pressure could lead to a significant drop in Bitcoin’s price, with estimates suggesting a decline of over 55% to 60% from its previous highs by mid-year.
• Throughout the year, this downward trajectory is expected to continue, potentially causing Bitcoin’s price to plummet to levels as low as $50,000 to $55,000. 
• Bitcoin appears to be firmly entrenched in a protracted bearish phase during this period, signaling a challenging environment for investors and traders. 

Bitcoin Price Prediction 2026

• The descending trend that commenced in 2025 may evolve into an enduring bearish market scenario, expecting a rebound shortly. 
• This shift could lead to a prolonged and significant price decline beginning in early 2026, exposing the crypto to sustained and intense selling pressure.
• This downward trajectory might persist throughout the year, potentially causing prices to plummet to levels as low as $40,000 to $45,000. 
• By year-end, the price could be trading within the range of $42,000 to $43,500.

Additional Read: Shiba INU Price Prediction

Bitcoin Price Prediction 2027

• In 2027, there may be a sense of relief as Bitcoin’s value stabilizes amidst the prevailing bearish market conditions. 
• The diminishing selling activity could provide an opening for bullish forces to counteract the downward trend.
• As the year progresses, particularly in the latter part, signs of a rally may emerge with increasing peaks and troughs, reflecting the strengthening position of the bulls. 
• There is the potential for Bitcoin’s price to surpass the $50,000 mark and potentially settle within the range of $65,000 to $68,000.

Bitcoin Price Prediction 2028

• Despite enduring a challenging bear market and rebounding from its lows, Bitcoin’s bullish momentum may begin to lose some steam. 
• While bears may attempt to drive prices below key support levels, their efforts might be in vain as bulls sustain an upward trajectory, albeit at a more measured pace.
• As the year approaches its conclusion, a substantial price surge may materialize, potentially signaling the start of a robust upward trend. 
• This could result in Bitcoin’s value settling within the range of $68,000 to $72,000 as the annual trading period ends.

Bitcoin Price Prediction 2029

• Market conditions may have matured then, making them more resilient to bearish pressures. 
• Interestingly, bearish pressure seems somewhat subdued this year, thanks to the peak of bullish dominance.
• As we move into the latter part of the year, the ongoing bull market gains further validation, with attempts to push Bitcoin’s price beyond previous peaks. 
• However, as the year concludes, Bitcoin’s price  may settle within the range of $89,000 to $92,000.

Bitcoin Price Prediction 2030

• Looking into 2030, there’s a prevailing expectation of an extended upward trend for Bitcoin, propelling its price beyond the previous all-time high of approximately $100,000. 
• Although this milestone might only be briefly maintained, it lays a sturdy foundation for bullish strategies. 
• Consequently, the token’s value could embark on a strong upward surge, potentially reaching a new all-time high within the range of $150,000 to $180,000.
• As the year unfolds, this corrective phase might transform into a more potent bear market, marked by consolidation, possibly lasting until year-end.

Bitcoin Halving History

The upcoming Bitcoin halving is more pivotal as it could affect Bitcoin’s price behavior. Mainly due to miners receiving fewer rewards and new issuance rate drops. As there will be fewer Bitcoins available, the price go up as happened in the past.

Bitcoin Halving Event	Price on Halving Day	365 Days Before	365 Days After
Pre-Halving(Genesis)	$0.000501	NA	$0.0601
Bitcoin 1st Halving: November 28, 2012,	$12	$2.32	$964
Bitcoin 2nd Halving: June 09, 2016	$663	$228.99	$2550
Bitcoin 3rd Halving: May 11, 2020	$8740	$7341.66	$58,250.87
Bitcoin 4th Halving: March 2024 (Estimated)	NA	NA	NA

Source: Tradingview

• Bitcoin’s price remained relatively stable from its beginning until the first halving event in 2012.
• After the initial halving, Bitcoin experienced its first major price surge in 2013, surpassing the significant milestone of $1,000.
• Following this rapid increase, Bitcoin’s price faced a steep decline but managed to recover in 2015, leading up to the second halving.
• The second halving event caused a remarkable surge in Bitcoin’s price, reaching nearly $20,000, marking a historic peak.
• Subsequently, an extended bear market persisted, hitting its lowest point in 2019, although prices hinted at an imminent significant movement.
• Following the third halving event, Bitcoin’s price skyrocketed to reach a new all-time high of almost $69,000.
• Observing historical trends, there is speculation that the upcoming halving event could potentially drive Bitcoin’s price well above $100,000, potentially triggering another substantial bull run.

Will the Bitcoin Price Rise Again in 2023?

Bitcoin’s price has been steadily climbing since the beginning of the year, and this upward trend is expected to persist. The current positive sentiment among buyers reflects their confidence in Bitcoin’s potential, indicating that its price might continue rising throughout the year. This encouraging outlook suggests that Bitcoin is well-positioned to build on its recent gains and possibly achieve new record highs. 

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