Bitcoin Price Predictions
According to the opinions of 12 experts, the average 12-month price prediction for Bitcoin is $40,000, with a low target of $12,000 and a high target of $100,000. On average, the experts at Crypto Telegraf rate Bitcoin as a hold.
(Updated on June 20, 2023)
| Buy | Hold | Sell |
|---|---|---|
| 5 experts | 5 experts | 2 experts |
Detailed List of Analyst Forecasts
Viewpoint
The journey is easier if you stay in the #bitcoin lane. Don’t sell your #Bitcoin. It’s going to be very hard to get it back.Analysis
This statement is advising investors to stick with Bitcoin as it is the easier and potentially more profitable option. It also warns against selling Bitcoin as it may be difficult to repurchase in the future. Overall, the message is to hold onto Bitcoin for long-term gains.- Rating：Hold
- Author:Michael Saylor
- Source:Twitter
Viewpoint
2024-2028 halving cycle average in 100k-1m range (and yes 100k is a bit conservative, should be 250k, but don’t mention it because people will get upset)Analysis
This statement is predicting that the average price range for Bitcoin during the halving cycle between 2024 and 2028 will be between $100,000 and $1,000,000. The author suggests that $100,000 is a conservative estimate and that the actual price range could be closer to $250,000, but they advise against mentioning this to avoid upsetting people. The overall message is that Bitcoin is expected to continue to increase in value over the next few years, and investors should consider holding onto it for potential long-term gains.Viewpoint
$BTC weekly – Hold within the tunnel and move up to the 1M TF S/D zone, which is at around ~33K.Analysis
This statement is discussing the weekly movement of Bitcoin (BTC) and suggests that it is currently holding within a certain range, referred to as the “tunnel.” The writer then predicts that BTC will move up to the 1-month time frame supply/demand (S/D) zone, which is located at approximately 33,000 USD. In summary, this analysis is advising investors to hold onto their BTC investments as it is expected to move towards the 33K USD mark in the near future.Viewpoint
This is your daily reminder $40K Bitcoin is a magnet.Analysis
This statement is reminding investors on a daily basis that Bitcoin (BTC) at the 40,000 USD mark is a “magnet,” meaning that it has a strong attraction or pull towards that price point. In summary, this analysis is advising investors to keep in mind that BTC is likely to be drawn towards the 40K USD mark and to consider this when making investment decisions.Viewpoint
Another large bull trap will be here before Q3 probably. Then a retracement followed by slow grind.Analysis
This statement is predicting that there will be another large bull trap in the cryptocurrency market before the third quarter of the year. A “bull trap” refers to a false signal that the market is going up, which can lead to investors making poor investment decisions. The writer then suggests that after this bull trap, there will be a retracement, or a decrease in price, followed by a slow and steady increase in value. In summary, this analysis is warning investors to be cautious of a potential bull trap in the near future, but also suggests that there may be a gradual increase in value after a period of retracement.- Rating:Buy
- Author:Ben Armstrong
- Source:Twitter
Viewpoint
Currently the uptrend’s support was broken and price failed to reclaim it upon the first retest Would love to see a slow consolidation down to $25,000 area in order to retest previous high as support before resuming up only modeAnalysis
This statement suggests that the uptrend support has been broken and the price failed to reclaim it upon the first retest. The writer hopes for a slow consolidation down to $25,000 area to retest the previous high as support before resuming an upward trend.- Rating:Sell
- Author:TeddyCleps
- Source:Twitter
Viewpoint
The #BTC bull market is a fact, not opinion.Analysis
This statement is asserting that the bull market for Bitcoin (BTC) is a fact, not just an opinion. A “bull market” refers to a market in which prices are rising, and investors are optimistic about future growth. In summary, this analysis is stating that the current market for BTC is experiencing a bull market, and this is not a matter of opinion but a factual observation.- Rating:Buy
- Author:Adrian Zduńczyk
- Source:Twitter
Viewpoint
1.Normal bull market shake-out corrections usually range between 15%-30%. Bitcoin is down 12%. Be patient. It’s not time yet. 2.Anyone still calling for a $12k Bitcoin?Analysis
This statement provides two points for investors to consider. Firstly, it notes that normal corrections in a bull market typically range between 15%-30%, but Bitcoin has only decreased by 12%. The writer advises investors to be patient and suggests that it is not yet time to panic or take action. Secondly, the writer questions whether anyone is still predicting that Bitcoin will drop to $12,000. This may be a response to previous predictions or rumors in the market. In summary, this analysis advises investors to be patient and not panic despite the current decrease in Bitcoin’s value. The writer also questions the validity of predictions that Bitcoin will drop to $12,000.- Rating:Sell
- Author:Ran Neuner
- Source:Twitter
Viewpoint
Hold sound money. Simply as that. Wait.Analysis
This statement is advising investors to hold onto “sound money,” which likely refers to stable and reliable investments. The writer suggests that investors should simply wait and not take any action. In summary, this analysis advises investors to hold onto stable investments and wait patiently without taking any action.- Rating:Hold
- Author:Lawrence Lepard
- Source:Twitter
Viewpoint
Crypto is very similar to farming. There is a planting season and a harvesting season. Start planting now, so you can harvest rewards later this decade.Analysis
This statement draws a comparison between investing in cryptocurrency and farming. The writer suggests that, like farming, there are seasons in the crypto market – a planting season and a harvesting season. The writer advises investors to start “planting” or investing in cryptocurrency now so that they can reap the rewards later in the decade. This implies that the writer believes that the crypto market will continue to grow and become more profitable in the future. In summary, this analysis compares investing in cryptocurrency to farming and advises investors to start investing now to reap rewards in the future.- Rating:Hold
- Author:Davinci Jeremie
- Source:Twitter
Viewpoint
Imagine selling your #Bitcoin around $27k just a year before the halving.Analysis
This statement is posing a hypothetical scenario to investors. The writer asks the reader to imagine selling their Bitcoin when it was valued at $27,000, just one year before the halving. The halving refers to a process in which the reward for mining Bitcoin is cut in half, which occurs approximately every four years. The writer is suggesting that selling Bitcoin before the halving would have been a mistake, as the value of Bitcoin typically increases after the halving occurs. In summary, this analysis poses a hypothetical scenario to investors and suggests that selling Bitcoin before the halving would have been a mistake.- Rating:Hold
- Author:Samson Mow
- Source:Twitter
Viewpoint
#Bitcoin below $30,000 is still cheap IMO…Analysis
This statement expresses the writer’s opinion that Bitcoin is still cheap when it is valued below $30,000. The acronym “IMO” stands for “in my opinion.” The writer is suggesting that despite the recent decrease in Bitcoin’s value, it is still a good investment opportunity and has the potential to increase in value. In summary, this analysis presents the writer’s opinion that Bitcoin is still a good investment opportunity when it is valued below $30,000.- Rating:Hold
- Author:Crypto Rover
- Source:Twitter
Technical Analysis
4 Hours
On the four-hour time frame, Bitcoin is showing a bullish trend with an upward sloping 50 day moving average. However, the 200 day moving average has been sloping downward since June 15th, 2023, indicating a weak trend.1 Day
On the 1 day time frame, Bitcoin is currently showing a bearish trend with a downward sloping 50 day moving average positioned above the current Bitcoin price, which may act as a resistance in the future. However, Bitcoin's 200 day moving average is sloping upward since May 21st, 2023, indicating a strong trend. The 200 day moving average is currently below the price, which suggests that it could potentially serve as a support for the continuation of the trend if the price interacts with it again.Cast Your Vote
People Also Ask
The price of Bitcoin is influenced by a variety of factors, including supply and demand, market sentiment, regulatory developments, and technological advancements. For example, if there is a sudden increase in demand for Bitcoin, its price is likely to rise. Similarly, if there is negative news about Bitcoin, such as a regulatory crackdown, its price may fall. Looking ahead, the future value of Bitcoin will depend on how these factors evolve over time.
Technical analysis is a popular method for predicting the future price of Bitcoin and other cryptocurrencies. This approach involves analyzing past price movements and identifying patterns that can be used to make predictions about future price movements. While technical analysis can be useful in identifying trends and potential price targets, it is not foolproof and should be used in conjunction with other forms of analysis.
The halving of Bitcoin rewards is an event that occurs approximately every four years, in which the amount of Bitcoin that miners receive for mining new blocks is cut in half. This event is designed to limit the supply of Bitcoin and ensure that it remains a scarce asset. In the past, the halving has been associated with significant increases in the price of Bitcoin, as the reduced supply can lead to increased demand and higher prices.
Yes, machine learning can be used for Bitcoin price predictions. Machine learning algorithms can analyze large amounts of data and identify patterns and trends that may be difficult for humans to detect. This can help improve the accuracy of price predictions. However, machine learning models are not foolproof and can also be affected by unexpected events and market volatility.
Market sentiment and emotions can have a significant impact on Bitcoin price predictions. Fear, uncertainty, and doubt (FUD) can lead to a decrease in demand and price, while hype and optimism can lead to an increase in demand and price. Traders and analysts often monitor market sentiment and emotions to adjust their price predictions accordingly. However, emotions can also lead to irrational behavior and market volatility, making it challenging to predict Bitcoin prices accurately.