Bitcoin (BTC) Price Prediction 2025, 2026-2030

Explore short and medium-term Bitcoin price prediction analysis and check long-term Bitcoin forecasts for 2025, 2030, and beyond

5-Day Prediction
$ 116,642
1-Month Prediction
$ 112,412
3-Month Prediction
$ 117,245
6-Month Prediction
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1-Year Prediction
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2030 Prediction
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2040 Prediction
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2050 Prediction
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Current Price $ 94,328
Price Prediction $ 112,412  (19.17%)
Fear & Greed Index 65 (Greed)
Sentiment Bullish
Volatility 4.56%
Green Days 18/30 (60%)
50-Day SMA $ 85,010
200-Day SMA $ 86,254
14-Day RSI 69.14

According to our current Bitcoin price prediction, the price of Bitcoin is predicted to rise by 19.17% and reach $ 112,412 by May 26, 2025. Per our technical indicators, the current sentiment is Bullish while the Fear & Greed Index is showing 65 (Greed). Bitcoin recorded 18/30 (60%) green days with 4.56% price volatility over the last 30 days. Based on the Bitcoin forecast, it's now a good time to buy Bitcoin.

$
≈ $ 911.25

If you invest $ 1,000.00 in Bitcoin today and hold until Aug 22, 2025, our prediction suggests you could see a potential profit of $ 911.25, reflecting a 91.13% ROI over the next 117 days (fees are not included in this estimate).

Disclaimer: This is not investment advice. The information provided is for general information purposes only. No information, materials, services and other content provided on this page constitute a solicitation, recommendation, endorsement, or any financial, investment, or other advice. Seek independent professional consultation in the form of legal, financial, and fiscal advice before making any investment decision.

Short-Term Bitcoin Price Targets

DatePredictionPotential ROI
Apr 27, 2025$ 95,271
1.04%
Apr 28, 2025$ 99,874
5.92%
Apr 29, 2025$ 104,478
10.80%
Apr 30, 2025$ 110,213
16.89%
May 01, 2025$ 116,642
23.70%

Over the next five days, Bitcoin will reach the highest price of $ 116,642 on May 01, 2025, which would represent 23.70% growth compared to the current price. This follows a 10.94% price change over the last 7 days.

Bitcoin Prediction Table

20252026202720282029203020402050
MonthMin. PriceAvg. PriceMax. PricePotential ROI
Apr 2025$ 95,271$ 121,098$ 132,139
40.14%
May 2025$ 100,485$ 105,172$ 111,244
17.98%
Jun 2025$ 103,879$ 107,474$ 121,431
28.78%
Jul 2025$ 124,776$ 154,182$ 180,213
91.13%
Aug 2025$ 149,844$ 155,220$ 169,477
79.74%
Sep 2025$ 141,475$ 145,819$ 148,800
57.81%
Oct 2025$ 132,855$ 138,208$ 145,329
54.13%
Nov 2025$ 128,486$ 130,196$ 133,829
41.93%
Dec 2025$ 129,696$ 129,899$ 130,084
37.96%

In 2025, Bitcoin (BTC) is anticipated to change hands in a trading channel between $ 95,271 and $ 180,213, leading to an average annualized price of $ 131,919. This could result in a potential return on investment of 91.13% compared to the current rates.

Bitcoin Price Prediction 2025

April 2025: BTC Prediction

Bitcoin is predicted to start the second quarter of the year with a potential increase to as high as $ 132,139, which would mark a 40.14% change compared to the current price. BTC is expected to trade between $ 95,271 on the lower end and $ 132,139 on the higher end, generating an average price of $ 121,098.

Potential ROI: 40.14%

May 2025: BTC Prediction

Following a bullish trend in the previous 30 days, May is expected to continuation this momentum. Bitcoin’s value is forecasted to increase, potentially reaching an average price of $ 105,172. The price is predicted to fluctuate between a low of $ 100,485 and a high of $ 111,244.

Potential ROI: 17.98%

June 2025: BTC Prediction

Heading into the summer, the price of Bitcoin is forecasted to increase to $ 107,474, following May's momentum. Price predictions suggest a range between $ 103,879 and $ 121,431, with an expected value around $ 107,474. This could lead to a potential gain of 28.78%, indicating a bullish sentiment for the month ahead.

Potential ROI: 28.78%

July 2025: BTC Prediction

Our market analysis anticipates a positive trend for Bitcoin in July. The forecasted price range is between $ 124,776 and $ 180,213 for an average monthly price of $ 154,182. Investors could experience a potential gain of 91.13% if buying BTC at current prices.

Potential ROI: 91.13%

August 2025: BTC Prediction

The algorithm assumes that Bitcoin will increase to $ 155,220, building off July's market momentum. Our price prediction suggests a range between $ 149,844 and $ 169,477. This could lead to a potential gain of 79.74% (if you’d have decided to buy BTC at current prices), indicating a bullish sentiment for the month.

Potential ROI: 79.74%

September 2025: BTC Prediction

After a bullish showing in August, Bitcoin is predicted to rise to $ 145,819 in September. The projected trading range is expected to span from $ 141,475 to $ 148,800. This suggests a positive market outlook, with a potential return of 57.81% for investors.

Potential ROI: 57.81%

October 2025: BTC Prediction

With a positive market trend seen last month, Bitcoin is expected to prolong the trend in October. The projected monthly trading range is between $ 132,855 and $ 145,329, with the average monthly value sitting at $ 138,208, which would be a -5.22% decline compared to the previous month. This could offer investors a potential return of 54.13%.

Potential ROI: 54.13%

November 2025: BTC Prediction

Forecasts for November suggest a continuation of the market trend, with a potential price increase to $ 130,196. The expected price range lies between $ 128,486 and $ 133,829, influenced by last month's market performance. Investors may witness a potential gain of 41.93%, if they decide to buy BTC at current prices and sell it at predicted rates.

Potential ROI: 41.93%

December 2025: BTC Prediction

Bitcoin is predicted to finish the year by changing hands in a trading channel between $ 129,696 and $ 130,084. This would entail that the price of BTC increased by 37.76% in comparison to today’s prices (assuming December’s average price of $ 129,899). In other words, investors would generate a potential profit of 37.96% if BTC follows the prediction.

Potential ROI: 37.96%

Bitcoin Price Prediction 2026

In 2026, Bitcoin is forecasted to trade in a price channel between $ 92,364 and $ 149,093. On average, BTC is expected to change hands at $ 114,556 during the year. The most bullish month for BTC could be April, when the currency is anticipated to trade 58.12% higher than today.

MonthMinimum PriceAverage PriceMaximum PricePotential ROI
January$ 125,217$ 127,496$ 131,828
39.81%
February$ 124,184$ 128,758$ 136,127
44.37%
March$ 135,018$ 137,120$ 139,949
48.42%
April$ 125,721$ 136,094$ 149,093
58.12%
May$ 108,153$ 113,350$ 125,628
33.23%
June$ 106,385$ 109,012$ 110,863
17.58%
July$ 104,762$ 105,441$ 106,597
13.05%
August$ 103,357$ 105,091$ 107,461
13.97%
September$ 99,188$ 102,616$ 107,697
14.22%
October$ 99,222$ 103,426$ 109,794
16.44%
November$ 105,501$ 107,885$ 110,678
17.38%
December$ 92,364$ 98,381$ 107,225
13.72%

Bitcoin Price Prediction 2027

Generally speaking, Bitcoin price prediction for 2027 is bearish. The BTC cryptocurrency is forecasted to hit a high point of $ 106,812 in January and reach a low of $ 78,810 in April. Overall, BTC is expected to trade at an average price of $ 83,788 in 2027.

MonthMinimum PriceAverage PriceMaximum PricePotential ROI
January$ 86,786$ 94,599$ 106,812
13.28%
February$ 81,354$ 83,307$ 86,490
8.27%
March$ 80,305$ 81,071$ 82,140
12.89%
April$ 78,810$ 81,457$ 85,368
9.46%
May$ 84,962$ 87,028$ 88,736
5.89%
June$ 82,053$ 85,279$ 90,112
4.43%
July$ 79,725$ 80,984$ 83,058
11.91%
August$ 80,815$ 81,479$ 82,059
12.97%
September$ 79,109$ 80,398$ 82,245
12.78%
October$ 82,335$ 84,148$ 88,379
6.27%
November$ 81,293$ 84,689$ 88,845
5.78%
December$ 78,953$ 81,020$ 86,620
8.13%

Bitcoin Price Prediction 2028

The outlook for Bitcoin in 2028 indicates a possible uptrend, with an expected price of $ 104,836. This represents a 11.18% increase from the current price. The asset's price is projected to oscillate between $ 76,257 in January and $ 139,061 in December. Investors could see a potential ROI of 47.48%, suggesting a favorable investment environment.

MonthMinimum PriceAverage PriceMaximum PricePotential ROI
January$ 76,257$ 78,895$ 81,110
13.98%
February$ 80,267$ 82,681$ 84,479
10.41%
March$ 82,353$ 83,150$ 84,773
10.09%
April$ 85,082$ 89,973$ 95,833
1.64%
May$ 96,953$ 103,579$ 104,790
11.14%
June$ 100,695$ 104,628$ 111,358
18.10%
July$ 102,780$ 106,691$ 111,133
17.86%
August$ 105,755$ 107,624$ 111,460
18.21%
September$ 111,714$ 121,232$ 129,900
37.76%
October$ 128,286$ 130,716$ 133,143
41.20%
November$ 111,965$ 122,019$ 131,287
39.24%
December$ 115,355$ 126,839$ 139,061
47.48%

Bitcoin Price Prediction 2029

Following a bullish trend in the previous year, 2029 is expected to continue this momentum. Bitcoin’s value is forecasted to increase, potentially reaching an average price of $ 236,454. The price is predicted to fluctuate between a low of $ 136,962 in January and a high of $ 305,028 in July.

MonthMinimum PriceAverage PriceMaximum PricePotential ROI
January$ 136,962$ 141,091$ 144,721
53.48%
February$ 144,536$ 148,031$ 159,458
69.11%
March$ 160,870$ 173,614$ 182,583
93.64%
April$ 177,791$ 192,203$ 202,815
115.10%
May$ 205,269$ 248,646$ 274,355
190.97%
June$ 245,909$ 272,100$ 280,890
197.90%
July$ 277,890$ 294,407$ 305,028
223.50%
August$ 295,695$ 297,424$ 298,800
216.89%
September$ 255,578$ 278,330$ 296,926
214.90%
October$ 250,963$ 265,142$ 273,626
190.19%
November$ 264,720$ 267,250$ 272,246
188.73%
December$ 253,778$ 259,210$ 264,599
180.62%

Bitcoin Price Prediction 2030

Forecasts for 2030 suggest that BTC will experience a significant growth, with expected fluctuation ranging from $ 198,574 to $ 295,577. Investors might anticipate a potential ROI of 213.47%, aligning with a bullish outlook for the year.

MonthMinimum PriceAverage PriceMaximum PricePotential ROI
January$ 266,563$ 280,936$ 295,577
213.47%
February$ 285,107$ 289,027$ 293,633
211.41%
March$ 279,036$ 281,672$ 285,741
203.04%
April$ 279,979$ 282,209$ 285,131
202.40%
May$ 278,501$ 280,273$ 282,971
200.11%
June$ 274,789$ 279,875$ 282,266
199.36%
July$ 259,761$ 266,605$ 273,870
190.45%
August$ 255,562$ 259,181$ 263,228
179.17%
September$ 260,291$ 261,117$ 263,122
179.05%
October$ 260,476$ 262,493$ 264,451
180.46%
November$ 218,119$ 241,495$ 261,284
177.10%
December$ 198,574$ 208,663$ 217,280
130.44%

Bitcoin Price Prediction For Years 2025, 2026, 2027, 2028, 2029, and 2030

Over the next several years, Bitcoin is projected to increase, with prices potentially reaching $ 305,028 by 2029. This represents a 223.50% gain from today's value. The long-term forecast suggests a bullish trend, with potential highs of $ 305,028 and lows of $ 76,257 over the period.

YearMin. PriceAvg. PriceMax. PricePotential ROI
2025$ 95,271$ 98,939$ 180,213
91.13%
2026$ 92,364$ 114,556$ 149,093
58.12%
2027$ 78,810$ 83,788$ 106,812
13.28%
2028$ 76,257$ 104,836$ 139,061
47.48%
2029$ 136,962$ 236,454$ 305,028
223.50%
2030$ 198,574$ 266,129$ 295,577
213.47%

Bitcoin Technical Analysis

Sentiment

Bullish

Based on data from April 26, 2025 at 18:37, the general Bitcoin price prediction sentiment is bullish , with 26 technical analysis indicators signaling bullish signals, and 7 signaling bearish signals.

BTC price prediction was last updated on April 26, 2025 at 18:37.

Bitcoin's 50-Day, 200-Day Simple Moving Averages and 14-Day Relative Strength Index - RSI (14)

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Based on our technical indicators, Bitcoin's 200-day SMA will rise in the next month and will hit $ 94,311 by May 26, 2025. Bitcoin's short-term 50-Day SMA is estimated to hit $ 107,195 by May 26, 2025.

The Relative Strength Index (RSI) momentum oscillator is a popular indicator that signals whether a cryptocurrency is oversold (below 30) or overbought (above 70). Currently, the RSI value is at 69.14, which indicates that the BTC market is in a neutral position.

Popular BTC Moving Averages and Oscillators for Sat, Apr 26, 2025

Moving averages (MA) are a popular indicator in all financial markets, designed to smooth price action over a certain amount of time. They are a lagging indicator which means they are influenced by historical price activity. In the table below you can find two types of moving averages, simple moving average (SMA) and exponential moving average (EMA).

Daily Simple Moving Average (SMA)

PeriodValueAction
SMA 3$ 89,536BUY
SMA 5$ 91,748BUY
SMA 10$ 88,363BUY
SMA 21$ 85,237BUY
SMA 50$ 85,010BUY
SMA 100$ 90,957BUY
SMA 200$ 86,254BUY

Daily Exponential Moving Average (EMA)

PeriodValueAction
EMA 3$ 84,731BUY
EMA 5$ 83,553BUY
EMA 10$ 83,160BUY
EMA 21$ 83,744BUY
EMA 50$ 86,371BUY
EMA 100$ 88,386BUY
EMA 200$ 85,243BUY

Weekly Simple Moving Average (SMA)

PeriodValueAction
SMA 21$ 111,835SELL
SMA 50$ 84,461BUY
SMA 100$ 67,414BUY
SMA 200$ 49,448BUY

Weekly Exponential Moving Average (EMA)

PeriodValueAction
EMA 21$ 87,515BUY
EMA 50$ 78,402BUY
EMA 100$ 65,056BUY
EMA 200$ 50,475BUY

Bitcoin Oscillators

An oscillator is a technical analysis tool that constructs high and low bands between two extreme values, and then builds a trend indicator that fluctuates within these bounds. Traders use the trend indicator to discover short-term overbought or oversold conditions.

PeriodValueAction
RSI (14)69.14SELL
Stoch RSI (14)93.21SELL
Stochastic Fast (14)93.56SELL
Commodity Channel Index (20)66.67NEUTRAL
Average Directional Index (14)22.16NEUTRAL
Awesome Oscillator (5, 34)6,752.89NEUTRAL
Momentum (10)11,040.81NEUTRAL
MACD (12, 26)1,372.03NEUTRAL
Williams Percent Range (14)-6.44SELL
Ultimate Oscillator (7, 14, 28)72.54SELL
VWMA (10)89,991.23BUY
Hull Moving Average (9)95,616.56SELL
Ichimoku Cloud B/L (9, 26, 52, 26)85,034.23NEUTRAL

Bitcoin Key Price Levels

Based on today's classical pivot point (P1) with the value of $ 94,416, Bitcoin has support levels of $ 93,294, $ 91,870, and the strongest at $ 90,748. Similarly, Bitcoin resistance levels are at $ 95,840, $ 96,962, and $ 98,387.

Support Levels

#PriceStrength
S1$ 93,294  
S2$ 91,870  
S3$ 90,748  

Resistance Levels

#PriceStrength
R1$ 95,840  
R2$ 96,962  
R3$ 98,387  

Bitcoin Correlation

Over the past 7 days, Bitcoin price was most positively correlated with the price of Dogecoin (DOGE), Aave (AAVE), Avalanche (AVAX), Celestia (TIA) and Litecoin (LTC) and most negatively correlated with the price of UNUS SED LEO (LEO), DeXe (DEXE), PAX Gold (PAXG), Bitget Token (BGB) and TRON (TRX).

Positively Correlated Currencies

NameCorrelation
0.981
0.973
0.969
0.965
0.962

Negatively Correlated Currencies

NameCorrelation
-0.584
-0.520
-0.495
0.125
0.222

Bitcoin price is positively correlated with the top 10 coins by market cap with a price of 0.814, excluding Tether (USDT) and positively correlated with the top 100 coins by market cap excluding all stablecoins with a price of 0.804.

Currencies that are positively correlated with Bitcoin indicate that the movement of one has a statistically significant weight to lead the other in the same direction. For currencies that are negatively correlated with Bitcoin, a move in one direction for Bitcoin would translate into a move in the opposite direction for the negatively correlated coin.

Bitcoin Price Prediction FAQ

What is Bitcoin's price prediction today?

Based on our Bitcoin prediction chart, the price of Bitcoin will increase by 1.00% and reach $ 95,271 by Apr 27, 2025.

What is Bitcoin price prediction for tomorrow?

Bitcoin is predicted to gain 1.00% and reach a price of $ 95,271 tomorrow.

What is the Bitcoin price prediction for this week?

According to our Bitcoin price prediction, BTC is forecasted to trade within a price range of $ 95,271 and $ 99,874 this week. Bitcoin will increase by 4.83% and reach $ 99,874 by Apr 28, 2025 if it reaches the higher value target.

What is the Bitcoin price prediction for next week?

The Bitcoin price prediction for next week is between $ 99,874 on the lower end and $ 131,283 on the high end. Based on our BTC price prediction chart, the price of Bitcoin will increase by 31.45% and reach $ 131,283 by May 05, 2025 if it reaches the upper price target.

What is the Bitcoin price prediction for 2025?

Bitcoin is forecasted to trade within a range of $ 95,271 and $ 180,213. If it reaches the upper price target, BTC could increase by 91.05% and reach $ 180,213.

What is the Bitcoin price prediction for 2026?

According to our Bitcoin price prediction, BTC is forecasted to trade within a price range of $ 95,271 and $ 180,213 next year. Bitcoin will increase by 91.05% and reach $ 180,213 if it reaches the higher value target for 2026.

What is the Bitcoin price prediction for 2030?

The Bitcoin price prediction for 2030 is between $ 136,962 on the lower end and $ 305,028 on the high end. Based on our BTC price prediction chart, the price of Bitcoin could gain 223.37% and reach $ 305,028 if it reaches the upper price target.

Will Bitcoin reach $1 million?

Bitcoin would need to gain 960.13% to reach $1 million. According to our Bitcoin prediction algorithm, Bitcoin will hit $1 million in July 2040.

What is the current Bitcoin sentiment?

The current Bitcoin sentiment is bullish according to our technical analysis. The majority of technical indicators are showing buy.

What is the Bitcoin Fear & Greed Index and what does it indicate?

Currently, the Bitcoin Fear & Greed Index stands at 65, which means that investors’ sentiment is in the so-called Greed zone.

The Fear & Greed Index combines several market and investment indicators, including 30- and 90-day volatility, trading volume, social media activity, and Google Trends data. The Fear & Greed Index can be a useful measure of Bitcoin investors’ sentiment, and is based primarily on Bitcoin-related market data.

Overall, the Fear & Greed Index indicates the current sentiment of the market, as follows: 0-24 extreme fear, 25-49 fear, 50 neutral, 51-75 greed, and 76-100 extreme greed. Some traders interpret a prevalent negative sentiment as a good buying opportunity, while a prevalent positive sentiment can be a good opportunity to sell.

Is it profitable to invest in Bitcoin?

Over the last 30 days, Bitcoin had 18/30 (60%) green days. According to our historical data, it is currently profitable to invest in Bitcoin. The price of Bitcoin increased by 48.27% in the last 1 year, while the coin’s 3-year performance is 140.80%.

Is Bitcoin a good buy in 2025?

Based on multiple technical quantitative indicators, the current forecast for Bitcoin in 2025 is bullish. This could be an indication that Bitcoin is a good buy in 2025. However, it’s important to consider both technical factors (price history) and fundamental factors (on-chain activity and development) before making the decision to buy Bitcoin or not.

What will the price of Bitcoin be next week?

According to our Bitcoin forecast, the price of Bitcoin will increase by 23.66% over the next week and reach $ 116,642 by May 1, 2025.

What will the price of Bitcoin be next month?

According to our Bitcoin forecast, the price of Bitcoin will increase by 19.17% over the next month and reach $ 112,412 by May 26, 2025.

What is Bitcoin's 50-Day SMA and what does it indicate?

Bitcoin’s 50-day SMA (simple moving average) is currently $ 85,010. The 50-day SMA indicates the average price of Bitcoin over a 50-day period. The 50-day SMA is commonly used to gauge the price trend of an asset over an intermediate period of time. A rising 50-day SMA indicates a positive BTC price trend in the medium term, while a dropping SMA indicates the opposite.

The 50-day SMA is calculated by adding together Bitcoin’s closing prices in the last 50 days, and dividing the total by 50.

What is Bitcoin's 200-Day SMA and what does it indicate?

Bitcoin’s 200-day SMA is currently $ 86,254. The 200-day SMA is a popular indicator that’s used to determine an asset’s long-term price trend. A rising Bitcoin 200-day SMA indicates a positive long-term trend. Meanwhile, a falling 200-day SMA shows that BTC has been trending downwards over the long term.

Many cryptocurrency traders pay close attention to the markets when the current Bitcoin price crosses an important moving average like the 200-day SMA.

The 200-day SMA is calculated by taking Bitcoin’s closing prices in the last 200 days, adding them together, and dividing the total by 200.

What is Bitcoin's 14-day RSI and what does it indicate?

Bitcoin’s 14-day RSI is at 69.14, indicating that BTC is currently neutral.

The RSI (Relative Strength Index) is a very popular technical indicator used to analyze prices of a variety of assets, including Bitcoin. Most commonly, the RSI is used on a 14-day time frame. The RSI is used to gauge momentum in the market. The readings produced by the RSI indicator range from 0 to 100, with 30 and 70 being important levels. An RSI reading under 30 indicates that the asset is currently undervalued, while an RSI reading above 70 indicates that the asset is currently overvalued.

Will Bitcoin go back up?

Based on our algorithmically generated price prediction for Bitcoin, the price of BTC is expected to decrease by 19.17% in the next month and reach $ 112,412 on May 26, 2025. Additionally, Bitcoin’s price is forecasted to gain 52.97% in the next six months and reach $ 144,296 on Oct 22, 2025. Finally, Bitcoin is expected to trade at $ 126,109 on Apr 25, 2026, following a 33.69% value decrease in one year.

How does our price prediction for Bitcoin work?

The Bitcoin price prediction on CoinCodex is calculated using the historical Bitcoin price dataset, accounting for past volatility and market movements. In addition, the algorithm uses the cyclical nature of Bitcoin halvings, which introduce extra supply-side pressure on BTC every 4 years. This has historically played a pivotal role in cryptocurrency markets and is a major component of creating a realistic Bitcoin prediction.

How to read and predict Bitcoin price movements?

Bitcoin traders use a variety of tools to try and determine the direction in which the BTC market is likely to head next. These tools can roughly be divided into indicators and chart patterns. When trying to predict the Bitcoin price, traders also try to identify important support and resistance levels, which can give an indication of when a downtrend is likely to slow down and when an uptrend is likely to stall.

Bitcoin Price Prediction Indicators

Moving averages are among the most popular Bitcoin price prediction tools. As the name suggests, a moving average provides the average closing price for BTC over a selected time frame, which is divided into a number of periods of the same length. For example, a 12-day simple moving average for BTC is a sum of BTC’s closing prices over the last 12 days which is then divided by 12.

In addition to the simple moving average (SMA), traders also use another type of moving average called the exponential moving average (EMA). The EMA gives more weight to more recent prices, and therefore reacts more quickly to recent price action.

50-day, 100-day and 200-day moving averages are among the most commonly used indicators in the crypto market to identify important resistance and support levels. If the BTC price moves above any of these averages, it is generally seen as a bullish sign for Bitcoin. Conversely, a drop below an important moving average is usually a sign of weakness in the BTC market.

Traders also like to use the RSI and Fibonacci retracement level indicators to try and ascertain the future direction of the BTC price.

How to read Bitcoin charts and predict price movements?

Most traders use candlestick charts, as they provide more information than a simple line chart. Traders can view candlesticks that represent the price action of Bitcoin with different granularity – for example, you could choose a 5-minute candlestick chart for extremely short-term price action or choose a weekly candlestick chart to identify long-terms trends. 1-hour, 4-hour and 1-day candlestick charts are among the most popular.

Let’s use a 1-hour candlestick chart as an example of how this type of price chart gives us information about opening and closing prices. The chart is divided into “candles” that give us information about Bitcoin’s price action in 1-hour chunks. Each candlestick will display BTC’s opening price, closing price, as well as the highest and lowest prices that Bitcoin reached within the 1-hour period.

It’s also important to pay attention to the color of the candle – a green candle means that the closing price was higher than the opening price, while a red candle tells us the opposite. Some charts will use hollow and filled candlestick bodies instead of colors to represent the same thing.

What affects the price of Bitcoin?

Just like with any other asset, the price action of Bitcoin is driven by supply and demand. These dynamics can be influenced by fundamental events such as block reward halvings, hard forks or new protocol updates. Regulations, adoption by companies and governments, cryptocurrency exchange hacks, and other real-world events can also affect the price of BTC. The market capitalization of Bitcoin can change significantly in a short period of time.

When trying to make a Bitcoin forecast, many traders also try to monitor the activity of BTC “whales”, which are entities and individuals that control large amounts of BTC. Since the Bitcoin market is relatively small compared to traditional markets, “whales” can single-handedly have a big influence on Bitcoin’s price movements.

Bullish and bearish price prediction patterns

Some traders try to identify candlestick patterns when making cryptocurrency price predictions to try and get an edge over the competition. Some candlestick formations are seen as likely to forecast bullish price action, while others are seen as bearish.

Here are some of the most commonly followed bullish candlestick patterns:

Here are some common bearish candlestick patterns:

  • Hammer
  • Bullish Engulfing
  • Piercing Line
  • Morning Star
  • Three White Soldiers
  • Bearish Harami
  • Dark Cloud Cover
  • Evening Star
  • Shooting Star
  • Hanging Man
DISCLAIMER: Not Investment Advice
The information provided is for general information purposes only. No information, materials, services and other content provided on this page constitute solicitation, recommendation, endorsement or any financial, investment, or other advice. Seek independent professional consultation in the form of legal, financial, and fiscal advice before making any investment decision.

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