Bitcoin Price Prediction 2022-2026-Will BTC Price Hit $60,000 by the end of 2022?
Most of the present blockchains like the Litecoin and Ethereum blockchains were developed with the knowledge that the developers got from the Bitcoin blockchain. Presently, transactions in the Bitcoin blockchain are completed by paying mining fees in the form of mining fees. Technologies such as the Lightning Network (LN) were developed to reduce the cost of BTC transactions and also to increase the speed of their execution.
What is Bitcoin?
Bitcoin is a cryptocurrency that was founded by Satoshi Nakamoto. BTC whitepaper was written in 2008 and the first Bitcoin was mined on January 3rd, 2009. There are offer 750 developers who had added to Bitcoin source code in GitHub since it was launched. Over 18,980,693 BTC has been mined out of its total supply of 21 million.
Bitcoin is a community-driven coin that wants to ensure that everyone in the world can transact with ease and also use the coin as a means of payment for different services around the globe.
Let's see the Bitcoin price analysis for the coming years.
Price Analysis of Bitcoin Coin
Flashback: Fundamental Analysis of Bitcoin
Fundamental analysis has to do with ways through which news and announcements can affect the price of an asset. In the Bitcoin community, there is news that has increased the positive sentiments that investors have for it in the long term.
In recent news, it was announced that the third-largest holder of Bitcoin (BTC) address has acquired another 730 BTC, making the wallet hold over $5 billion worth of BTC according to the market price of $38.4K at that time. This news made investors remain bullish on the future of the coin since the whales are still buying the dips.
A recent study said that Bitcoin volatility is less when compared to Ethereum. This can reposition long-term investors to have more BTC in their portfolios in case of market correction to minimize losses.
Now, we shall use charts to discuss the price analysis of Bitcoin.
https://www.tradingview.com/x/G6SwIEyE/
From the chart above, it will be discovered that the 200-MA is above the 100-MA in the 1day chart of BTC/USDT, which means that Bitcoin is bullish for long-term investors.
https://www.tradingview.com/x/IUSNzuxs/
From the link above, the relative strength index (RSI) value of Bitcoin is 50.38 which means that the present trend is strong since it lies between 50 and 70. If buyers have their way since the present candlestick is bullish, BTC price might increase further.
https://www.tradingview.com/x/mDb5oUcD/
The link above represents the William alligator which shows the direction of movement of a coin/token. The blue, red, and green curves represent the jaw, teeth, and lips irrespectively. Since the jaw is presently above the chart, it shows that BTC will experience a bearish trend soon.
The section below shows the Bitcoin (BTC) price prediction for the next five years.
Bitcoin Price Prediction 2022
By the end of the first quarter of 2022, the price of BTC might reach $39,500. However, it will be within the range of $32100 and $50,100 by the end of the second quarter of 2022. By the end of the third and fourth quarters of the year 2022, BTC prices will be within $42,000 to $53,900 and $45,000 to $60,000 respectively.
Bitcoin Price Prediction 2023
The price of Bitcoin might reach $67,000 by the end of the first quarter and $68,000 by the end of the second quarter. In the third and fourth quarters of 2023, BTC prices might be $60,000 and $90,000 respectively.
Bitcoin Price Prediction 2024
The price of Bitcoin might reach $100,000 by the end of the first quarter and $120,000 by the end of the second quarter. In the third and fourth quarters of 2024, BTC prices might drop to $106,000 and then rise to $109,000 respectively.
Bitcoin Price Prediction 2025
The price of Bitcoin might reach $117,000 by the end of the first quarter and $118,500 by the end of the second quarter. In the third and fourth quarters of 2025, BTC prices might be $120,000 and $152,000 respectively.
Bitcoin Price Prediction 2026
The price of Bitcoin might reach $222,000 by the end of the first quarter and $324,500 by the end of the second quarter. In the third and fourth quarters of 2025, BTC prices might be $520,000 and $700,000 respectively.
Bitcoin (BTC) Price Prediction: Market Sentiment
Bitcoin price prediction by well-known media platforms is explained below:
Wallet Investors
According to Wallet Investors, the price of Bitcoin will reach $72,000 by 2023 and $200,000 by 2026.
DigitalCoinPrice
According to DigitalCoinPrice, the price of Bitcoin will reach $60,000 by 2022 and will increase to $100,000 in the future.
Gov Capital
According to Gov Capital, the price of Bitcoin will reach $120,000 by 2025 and $185,000 by 2026
Our Bitcoin Price Prediction
Considering the continuous positive sentiments that Bitcoin whales have tokens the coin, the price of BTC might reach $700,000 by the next five years.
Conclusion
From the fundamental analysis, charts, and market sentiments around Bitcoin, we can deduce that the price of Bitcoin will be bullish in the future which will reward long-term investors.