Bitcoin (BTC) price prediction July 2024

Industry specialists give their predictions for the price of bitcoin through 2030.

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Delve into the latest bitcoin price predictions from our panel below. You can also check out our guides to the best crypto exchanges in the UK and Ireland.

Finder analyses expert predictions each quarter. We conducted our most recent survey in July 2024, in which our panel of 32 crypto industry specialists shared their thoughts on how bitcoin will perform through 2030.

All prices mentioned in this report are denominated in US dollars.

On average, our panelists think bitcoin (BTC) will be worth $87,169 by the end of 2024. Looking further ahead, they see the price of BTC rising to $127,494 by year-end 2025 and $383,514 by the close of 2030.

Bitcoin price predictions for 2024, 2025 and 2030

Bitcoin's price is expected to rise to $87,169 by year-end 2024, according to the average prediction from Finder's panellists.

Our most bullish panellists see BTC trading at $200,000 by the end of 2024, while our most bearish panelist sees it dropping well below where it is now, reaching $10,000 by the end of the year.

Our panellists also predict BTC will hit $127,494 by 2025 and $383,514 by 2030. The panel is far more bearish than last quarter when their long-term prediction for 2025 came in at $150,996 and $567,489 for 2030.

One of our more bullish panellists Dr. Sathvik Vishwanath, CEO of Unocoin Technologies, thinks that based on BTC's history, we should see bitcoin's value rise by the end of 2024 and hit $120,000. Adding that, while bitcoin's price will continue to fluctuate, it is a viable investment option over the long term:

"My bitcoin price predictions are based on historical price trends, market sentiment and ongoing institutional interest. BTC's current price reflects its role as a digital store of value comparable to gold. Given the macroeconomic factors and increasing adoption, BTC seems priced fairly at present. Volatility remains a constant, so holding BTC may be the best strategy for long-term gains."

Ronen Cojocaru, CEO of 8081 Inc, is similarly bullish and also expects BTC to close out 2024 at $120,000, adding that factors including the halvening and the bitcoin exchange-traded fund (ETF) adoption will positively impact its price.

At the other end of the spectrum is John Hawkins, senior lecturer at the University of Canberra, who sees the price of bitcoin falling to $20,000 before the year is out.

"Bitcoin remains a speculative bubble. All the hype about the bitcoin "halving" came to nothing, with the price having fallen since. In over a decade, bitcoin has made minimal progress in becoming a payment medium in the legal economy. To the extent that there are use cases such as smart contracts, they will use central bank digital currencies (CBDCs), not bitcoin. As the BIS' chief economist Hyun Song Shin put it, 'Anything that crypto can do, CBDCs can do better."

How high and low will BTC go in 2024?

The average peak price our panellists predict bitcoin will hit at some point in 2024 is $93,333, with some predicting it will climb as high as $200,000.

The average lowest price our panellists predict bitcoin will hit at some point in 2024 is $48,117, with some predicting it will fall as low as $10,000.

Ben Ritchie, the managing director of Alpha Node, believes we'll see BTC reach $120,000 at some point in 2024 based on BTC's four-year cycle.

"Bitcoin's current price is consolidating after reaching its 2021 peak resistance. We anticipate that the longer this consolidation phase, the higher the probability becomes of breaking through this resistance and reaching new highs. This would be consistent with its historical four-year cycle."

Julian Hosp, the CEO of Cake Group, is also quite bullish, as he thinks we'll see BTC crest $120,000 on the back of, essentially, FOMO.

"Missing use case. Missing ETF hype. Missing money printing."

Diego Apaza, the CEO of Alpha Stocks Lab, is a bit less bullish but still thinks we'll see BTC hit $90,000 at its peak in 2024, based on its current price action and consolidation period by "Observing the technicals on the charts and measuring the amount of dollar moves it does when it breaks out of those consolidation areas."

Dimitrios Salampasis, senior lecturer on emerging technologies and FinTech at Swinburne University of Technology, doesn't see high peaks for BTC over the remainder of 2024, predicting the highest it will go is $65,000. But he also doesn't see the bottom coming out, predicting the minimum value for BTC throughout 2024 to be $61,805.

"Bitcoin seems to be performing well as a store of value. Moreover, the developments around the bitcoin ETF seem to have some sort of an effect on the overall price of bitcoin. Moreover, there are expectations of further adoption based on technological advancements in the Bitcoin Lightning Network that could boost scalability potentialities."

Senior market analyst at FxPro, Alexander Kuptsikevich, sees the price of BTC reaching a low of around $38,300 but expects the market to turn around with an end-of-year prediction of $80,000.

"Despite four weeks of consecutive declines and a bit of a downtrend after the March peak, there is still a bull market in bitcoin. Investors need to accept that there is a lot of hot supply after the halving due to selling by German and US authorities and fears of Mt Gox creditors selling. But after this sell-off is over, we will see demand continue to grow amid limited supply."

Is now the time to buy, sell or hold BTC?

A slight majority of our panel say now is a good time to buy BTC.

To be exact, 55% think bitcoin is a buy at its current price, while 32% believe it's a good time to hold the asset. Just 13% think it's time to sell.

Nicole DeCicco, the CEO at CryptoConsultz, believes it's time to buy BTC.

"Bitcoin is poised to continue an upward trajectory due to several factors historically contributing to upward pressure on its price. The influx of institutional investors entering the market, facilitated by the availability of Exchange-Traded Products (ETPs) like bitcoin ETFs, should significantly increase demand for bitcoin."

Kimberly Rosales, CEO of ChainMyne, is also in the buy camp.

"Bitcoin's recent price dip is viewed as temporary, with expectations of a rally to $100,000 driven by strong fundamentals despite factors like Mt. Gox repayments affecting the market. The BTC Fear and Greed Index entering "fear" territory signals a potential buying opportunity for investors and hints at a possible price rebound, supported by optimistic predictions and market dynamics."

Is bitcoin (BTC) overpriced, priced fairly or underpriced?

Not surprisingly, roughly the same percentage of panel members who said BTC was a buy (55%) also say that bitcoin is currently selling at a discount (56%).

The remaining 44% are evenly split between saying bitcoin is either priced fairly (22%) or overpriced (22%).

Founder and CEO of Omnia Markets, Inc., Mitesh Shah, says that BTC is currently underpriced and poised to rally.

"Bitcoin's current price may not fully reflect its long-term value due to factors like increased institutional adoption and growing recognition as a hedge against inflation. On-chain data reveals a significant decrease in bitcoin supply on exchanges, indicating strong investor confidence and a potential supply shortage. Additionally, historical patterns show that bitcoin tends to experience significant price rallies towards the end of the year, further supporting the likelihood of an upward trend in the coming months."

Ajay Shrestha, a professor at Vancouver Island University, believes BTC is currently overpriced and has concerns about its price in the short term.

"The recent dip might signal a bigger crash ahead, making investors worry that the downturn isn't over. Earlier, the market surged quickly after the US approved a bitcoin ETF. Currently, we're in a consolidation phase, likely a pause before another rise. When this peak will happen is uncertain, but I think it could be soon, followed by a long bear market."

Can BTC dethrone the Greenback?

If you're betting that BTC will take over the US dollar as the preferred global currency, we've got some bad news for you, with just a combined 16% saying BTC will replace the US dollar as the primary reserve currency. The overwhelming majority of panelists (75%) see this as unlikely.

Is $60K the new baseline for BTC?

Over the last 100 days, the price of BTC has hovered around the $60,000 mark. About one in five (19%) panel members believe this is the new baseline for BTC. However, a combined 65% disagree with this statement, but even they are split in which direction they see the new baseline going, with 39% saying it will be less than $60K, while 26% say we're yet to see the new floor for BTC's price.

Trying to decide between BTC or ETH ETFs? ¿Por qué no los dos?

If you were tossing up whether to invest in either a BTC or ETH ETF, you needn't worry. Nasdaq recently filed for a combined Bitcoin and Ethereum ETF, which, in theory, allows investors to benefit from owning the two most well-known cryptos while (possibly) evening out some of the volatility.

When asked what impact these combined ETFs will have on the price of BTC, almost the entire panel (a combined 94%) see this as having a positive influence on the future price of bitcoin.

Meet the panel


Prediction
$100,000
Buy/sell/hold
Buyshopping_basket
Bitcoin is poised to continue an upward trajectory due to several factors historically contributing to upward pressure on its price. In April, the fourth Bitcoin halving event reduced the number of new Bitcoins entering the market from approximately 900 per day to 450, increasing its scarcity and thus propelling Bitcoin's market value. At CryptoConsultz, we observe a positive outlook from our retail investors, indicating that investor sentiment aligns with what we call the HODLers' (Hold On for Dear Life) effect, driving price action through long-term retention of Bitcoin investments. The influx of institutional investors entering the market, facilitated by the availability of Exchange-Traded Products (ETPs) like Bitcoin ETFs, should significantly increase demand for Bitcoin. The ongoing global economic uncertainty, inflation, and currency devaluations, along with the shift to a more digital economy, are additional factors likely to boost Bitcoin's value.

Prediction
$85,000
Buy/sell/hold
Holdback_hand
Institutional and government demand will increase over the next 24 months. In the short term, will see more downward pressure from sell offs like Germany, Mt Gox etc. These short term profit taking will not impact longer term fundamentals.

Prediction
$110,000
Buy/sell/hold
Buyshopping_basket
Bitcoin's current price may not fully reflect its long-term value due to factors like increased institutional adoption and growing recognition as a hedge against inflation. On-chain data reveals a significant decrease in Bitcoin supply on exchanges, indicating strong investor confidence and a potential supply shortage. Additionally, historical patterns show that Bitcoin tends to experience significant price rallies towards the end of the year, further supporting the likelihood of an upward trend in the coming months.

Prediction
$100,000
Buy/sell/hold
Buyshopping_basket
Institutions are finally able to buy bitcoin after an 11 year wait. This was made possible this year by the BlackRock ETF and its competitors. This alone would be enough for bitcoin to go over $100K. If we also look at innovation happening on Bitcoin such as L2s this seems like a conservative estimate.

Prediction
$100,000
Buy/sell/hold
Buyshopping_basket
BTC likely received a bump from the listing of the Bitcoin ETF and the resulting inflows that have created more demand for bitcoin. Bitcoin could be further bolstered by the effects of April's halving event, which will begin to be evident in the market as new supply is restricted while demand stays relatively constant (which will in turn raise the price, and perhaps usher in the start of a new speculative bubble). The anticipation of upcoming interest rate cuts amid lower -than-expected June inflation also provides a bull case for bitcoin, as does the purchasing of bitcoin by sovereign nations such as El Salvador. In the short term, we may have just seen the price of btc fall at the beginning of July because of billions of dollars of selling pressure from the German government (https://www.coindesk.com/markets/2024/07/11/germany-almost-done-selling-bitcoin-holding-less-than-5k-tokens-after-latest-moves/) and because Mt Gox has finally begun creditor repayments (https://cointelegraph.com/news/mt-gox-repayment-crypto-market-volatility). However, the price seems to have rebounded on positive sentiment that Donald Trump, who is likely the current favorite to win the election, is pro crypto. Trump has agreed to speak the the Bitcoin 2024 conference in Nashville (https://www.coindesk.com/opinion/2024/07/15/trumps-speech-at-bitcoin-conference-will-mark-a-pivotal-moment-for-crypto/), and has chosen pro-crypto JD Vance as his VP running mate (https://www.foxbusiness.com/politics/donald-trump-j-d-vance-create-pro-crypto-presidential-ticket).

Prediction
$82,237
Buy/sell/hold
Historically, significant pullbacks have commonly occurred due to factors like regulatory policies, macroeconomic conditions, and market sentiment. The end of a bull market typically happens under the backdrop of a noticeable slowdown in economic growth, rate hikes, and balance sheet reductions. Overall, macroeconomically, although there is no clear indication of when rate cuts will occur, there is currently no expectation of rate hikes. The continued strength of major stock indices reflects strong investor confidence. Since the approval of the BTC ETF, the crypto market has been on the rise, although recent negative news from large entities like the German government selling BTC has caused noticeable risk aversion. Overall, the bull market is likely not over yet. The market outlook post-quantitative easing is still promising. Before this, investors need to closely monitor changes in market fundamentals and develop reasonable investment strategies to cope with potential market volatility.

Prediction
$180,000
Buy/sell/hold
Buyshopping_basket
Trump winning, as he is pro-crypto. RFK as vice president. Rate cut that leads to a move to more risk on assets. More and more activity on the bitcoin blockchain from L2s. Ethereum ETF will drive BTC up too.

Prediction
$100,000
Buy/sell/hold
Buyshopping_basket
Current selling pressure will subside and macro tailwinds will kick in for Bitcoin.

Prediction
$120,000
Buy/sell/hold
Holdback_hand
My Bitcoin price predictions are based on historical price trends, market sentiment, and ongoing institutional interest. BTC's current price reflects its role as a digital store of value, comparable to gold. Given the macroeconomic factors and increasing adoption, BTC seems priced fairly at present. Volatility remains a constant, so holding BTC may be the best strategy for long-term gains.

Prediction
$110,000
Buy/sell/hold
Buyshopping_basket

Prediction
$65,000
Buy/sell/hold
Buyshopping_basket
Bitcoin's recent price dip is viewed as temporary, with expectations of a rally to $100,000 driven by strong fundamentals despite factors like Mt. Gox repayments affecting the market. The BTC Fear and Greed Index entering 'fear' territory signals a potential buying opportunity for investors and hints at a possible price rebound, supported by optimistic predictions and market dynamics.

Prediction
$70,000
Buy/sell/hold
Holdback_hand
BTC has shown ups and downs since the 2021 year and this trend is expected to continue in the upcoming years. BTC price action indicates a bullish signal from the RSI and AO indicators predicting upward trend.

Prediction
$80,000
Buy/sell/hold
Buyshopping_basket
Despite four weeks of consecutive declines and a bit of a downtrend after the March peak, there is still a bull market in Bitcoin. Investors need to accept that there is a lot of hot supply after the halving due to selling by German and US authorities and fears of Mt Gox creditors selling. But after this sell-off is over, we will see demand continue to grow amid limited supply.

Prediction
$75,000
Buy/sell/hold
Sellsell
After hitting an all time high of $73,786 in March, Bitcoin has been stuck in a consolidation pattern. The $72,000 level has been tested multiple times this year but failed to break through each time. A significant support level exists at around $60k although selling pressure from the returned Mt Gox Bitcoins dropped the price straight past that level to $57,000 at the time of writing where there appears to be some support. In the short term we are likely to see more downside as the missing Mt Gox Bitcoins are returned to creditors, increasing selling pressure. The key areas to support to watch are at $50-52k and $43-45k. This is likely to be short-lived however and we could see a re-test of the all-time high later in the year.

Prediction
$40,000
Buy/sell/hold
Sellsell
Bitcoin remains a speculative bubble. All the hype about the Bitcoin 'halving' came to nothing with the price having fallen since. In now over a decade Bitcoin has made minimal progress on becoming a payment medium in the legal economy. To the extent that there are use cases such as smart contracts, they will use central bank digital currencies not Bitcoin. As the BIS' chief economist Hyun Song Shin put it, 'anything that crypto can do CBDCs can do better'.

Prediction
$100,000
Buy/sell/hold
Buyshopping_basket
Bitcoin's current price is consolidating after reaching its 2021 peak resistance. We anticipate that the longer this consolidation phase, the higher the probability becomes of breaking through this resistance and reaching new highs. This would be consistent with its historical four-year cycle. Currently, we believe Bitcoin is a BUY, as we expect its price to reach at least $100k sometime this year, with a potential to reach $135k by the end of 2025.

Prediction
$65,000
Buy/sell/hold
Holdback_hand
Bitcoin is experiencing yet another period of volatility. As of early July 2024, Bitcoin's price has fluctuated significantly, with recent predictions suggesting it could reach highs of $75,000 or more later this year. Holding is always my ecommendations during these situations.

Prediction
$73,000
Buy/sell/hold
Holdback_hand

31 December 2024 (USD per BTC): $73,000 It looks like Bitcoin will continue to see increasing institutional adoption. The approval of Bitcoin ETFs in January 2024 has already sparked a wave of interest and investment from institutions, a trend that is expected to carry on into 2025. Many financial institutions will likely add Bitcoin to their portfolios. Despite the halving already occurring, its effects could still push prices higher. Additionally, clearer regulations will enhance confidence in the market.

31 December 2025 (USD per BTC): $102,000 By 2025, Bitcoin might experience a significant boost from ongoing institutional interest and the growing acceptance of Bitcoin ETFs. As cryptocurrencies become more integrated into traditional financial systems, Bitcoin will likely be more widely adopted. This increased acceptance will solidify Bitcoin's role as a store of value and an inflation hedge. Furthermore, technological improvements will make Bitcoin more scalable, attracting more users and investors.

31 December 2030 (USD per BTC): $155,000 Looking ahead to 2030, Bitcoin could be viewed as a stable financial asset, with many individuals using it as an inflation hedge. The global adoption of Bitcoin as a store of value is expected to rise. Technological advancements will enhance Bitcoin's security and efficiency. Concerns about inflation and traditional financial systems might drive more people and institutions towards Bitcoin. Bitcoin Price Range in 2024 Highest price (USD per BTC): $77,000 If market conditions are favorable, Bitcoin could reach $77,000. Institutional investments and regulatory advancements will be crucial in driving this growth. The ongoing effects of the halving could still contribute to price increases. Positive market sentiment and mainstream integration will also play significant roles. Lowest price (USD per BTC): $41,000 However, Bitcoin might dip to $41,000 during market corrections. Volatility is always a factor to consider. Regulatory challenges or economic downturns could impact prices. Global economic concerns and shifts in investor confidence might lead to this lower price point.


Prediction
$100,000
Buy/sell/hold
Holdback_hand
Missing Use Case Missing ETF Hype Missing Money Printing

Prediction
$74,000
Buy/sell/hold
Buyshopping_basket
The anticipation of increasing interest rates has diverted attention to safe havens like gold and btc. This drop will continue until before the us elections. However, A Trump presidency, now very likely, will push BTC and crypto back to better heights as he is in favor of such digital assets. Look out for btc related assets in listed companies like coinbase, Tesla, microstrategy etc.

Prediction
$85,000
Buy/sell/hold
Holdback_hand
Based on its current price action and consolidation period. Observing the technicals on the charts and measuring the amount of $$ moves it does when it breaks out of those consolidation areas.

Prediction
$75,000
Buy/sell/hold
Holdback_hand
I think it is time to hold BTC, there are some macro risks that may affect the crypto market and push the price down for a short period of time, but overall, we are optimistic about the asset performance in the long term as Bitcoin is still a unique asset, the main value of which is decentralization and limited issuing

Prediction
$50,000
Buy/sell/hold
Sellsell

Prediction
$120,000
Buy/sell/hold
Buyshopping_basket
Following BTC Halving history, ETF adaptation and market segments.

Prediction
$65,000
Buy/sell/hold
Sellsell

Prediction
$200,000
Buy/sell/hold
Buyshopping_basket

Prediction
$62,000
Buy/sell/hold
Holdback_hand
Bitcoin seems to be performing well as a store of value. Moreover, the developments around the Bitcoin ETF seem to have some sort of an effect in the overall price of Bitcoin. Moreover, there are expectations of further adoption based on technological advancements in the Bitcoin Lightning Network that could boost scalability potentialities.

Prediction
$108,000
Buy/sell/hold
Buyshopping_basket
Bitcoin has held relatively strong in Q2 2024. Sideways movement after price appreciation is typically a bullish indicator, and hovering around Bitcoin's previous all-time highs indicates there may be more room to grow. By 2030, I expect Bitcoin to surpass the market cap of gold, which would equate to roughly $600,000 per BTC.

Prediction
$50,000
Buy/sell/hold
Holdback_hand
The recent dip might signal a bigger crash ahead, making investors worry that the downturn isn't over. Earlier, the market surged quickly after the US approved a Bitcoin ETF. Currently, we're in a consolidation phase, likely a pause before another rise. When this peak will happen is uncertain, but I think it could be soon, followed by a long bear market.

Prediction
$80,000
Buy/sell/hold
Buyshopping_basket
inflows of BTC into ETF are still in the upper bound range, whilst the Ethereum ETF have yet to start trading in the U.S, I predict we will see these ETFs start trading around October - November 2024. Ethereum ETF inflows I predict will have 50% - 75% of the same dollar amount of inflows as the Bitcoin ETFs

Prediction
$95,000
Buy/sell/hold
Buyshopping_basket
Shifting political winds Eth ETF 4 year cycle dynamics

Prediction
N/A
Buy/sell/hold
Buyshopping_basket
Despite going through a miner capitulation at this moment in time, as the market adjusts to the recent halving and lower block reward the bitcoin price is holding $60,000 pretty well. The price is well bid. Central banks globally are beginning to cut rates and typically in conditions of lower rates this has been positive for cryptoasset prices.

Methodology

Finder surveyed 32 fintech specialists in late June to early July 2024. Panelists can answer as many or as few questions as they like, meaning the number of responses received varies by question. Thirty-one panelists gave their price prediction for BTC by year-end 2024, while 30 panelists gave predictions for 2025 and 2030. Panelists may own some cryptocurrencies, including BTC. All prices are listed in USD per BTC.

Changes to methodology: In 2021, this research was conducted using the simple mean of all answers supplied to Finder. From 2022, we switched to using the truncated mean, with the top and bottom 10% of responses removed to attain a more consistent result. Any 2021 results quoted in this analysis have also been re-calculated using the truncated mean.

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Cryptocurrencies are speculative and investing in them involves significant risks - they're highly volatile, vulnerable to hacking and sensitive to secondary activity. The value of investments can fall as well as rise and you may get back less than you invested. Past performance is no guarantee of future results. This content shouldn't be interpreted as a recommendation to invest. Before you invest, you should get advice and decide whether the potential return outweighs the risks. Finder, or the author, may have holdings in the cryptocurrencies discussed.

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Writer

Frank Corva is business-to-business (B2B) correspondent for Bitcoin Magazine and formerly the cryptocurrency writer and analyst for digital assets at Finder. Frank has turned his hobby of studying and writing about crypto into a career with a mission of educating the world about this burgeoning sector of finance. He worked in Ghana and Venezuela before earning a degree in applied linguistics at Teachers College, Columbia University. He also taught writing and entertainment business courses in Japan and worked with UNICEF in Namibia before returning to the US to teach at universities in New York City. Earlier in his career, he spent years working as a publicist and graphic designer for record labels like Warner Music Group and Triple Crown Records. During that time, he was also a music journalist whose writing and photography was in published in Alternative Press, Spin and other outlets. See full bio

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