- Bullish Bitcoin (BTC) price prediction ranges from $20,500 to $34,000.
- Analysis suggests that the BTC price might reach above $32,000 soon.
- The BTC bearish market price prediction for 2023 is $16,600.
Bitcoin (BTC) is the most prominent cryptocurrency and has enormous growth potential. The technical analysis used to create this forecast for the price of Bitcoin (BTC) in 2021. Below, we detail the primary considerations that led us to this conclusion on Bitcoin’s future price.
Bitcoin was first defined in an essay published in 2008 under the identity Satoshi Nakamoto. It is a រូបិយប័ណ្ណឌីជីថលវិមជ្ឈការ. It debuted in early 2009, not long afterward.
As a decentralized digital currency, Bitcoin eliminates the need for a central authority to process or verify transactions. As Nakamoto put it, “online payments can be transmitted directly from one party to another without passing via a financial institution” (this is a direct quote from the white paper outlining the original purpose of Bitcoin).
Although there have been earlier proposals for decentralized electronic currencies, Bitcoin is the first cryptocurrency to be widely used. If you are interested in the future of BTC and want to know its predicted value for 2023, 2024, 2025, and 2030, keep reading!
ទិដ្ឋភាពទូទៅទីផ្សារ Bitcoin (BTC)
ឈ្មោះ | Bitcoin |
និមិត្តរូប | BTC |
ហ | #1 |
តម្លៃ | $22968 |
ការផ្លាស់ប្តូរតម្លៃ (1 ម៉ោង) | 0.03987% |
ការផ្លាស់ប្តូរតម្លៃ (24 ម៉ោង) | 0.16126% |
ការផ្លាស់ប្តូរតម្លៃ (7d) | 8.94708% |
ផ្សារមូលប័ត្រ | $442910040622 |
ខ្ពស់គ្រប់ពេល | $69045 |
គ្រប់ពេលវេលាទាប។ | $67.81 |
ការផ្គត់ផ្គង់ឈាមរត់ | ១២២០៨ ប៊ីត |
ការផ្គត់ផ្គង់សរុប | ១២២០៨ ប៊ីត |
តើ Bitcoin (BTC) គឺជាអ្វី?
Bitcoin is a decentralized digital currency that may be bought, sold, and exchanged without using an intermediary such as a bank. Satoshi Nakamoto, an unidentified developer or group of developers, introduced Bitcoin to the world in 2009.
All bitcoin transactions are recorded in a public ledger, and copies are kept on servers worldwide. Anyone with a spare computer can set up a node or server. Instead of relying on a central source of trust, like a bank, consensus on who owns which coins is achieved cryptographically among these nodes.
It has since become the world’s most well-known cryptocurrency, and its prominence has sparked the creation of numerous new cryptocurrencies. These rivals try to replace it as a payment method or are utilized as utility or security tokens in other blockchain and new financial technologies.
Furthermore, by influencing altcoins, Bitcoin has a tremendous impact on the ទីផ្សារទ្រព្យសកម្មឌីជីថល. Moreover, BTC is the most liquid digital asset, with over 5,000 altcoin trading pairs.
Bitcoin (BTC) ស្ថានភាពទីផ្សារបច្ចុប្បន្ន
Bitcoin is one of the most promising virtual assets in the crypto market. In fact, during the last 12 months, BTC has had a 52-week high of $48,086.84 and a 52-week low is $15,599.05. As a result, Bitcoin has become one of the most discussed crypto assets in the crypto industry.
On CoinMarketCap, this cryptocurrency is ranked first in terms of market capitalization. As a result, the market capitalization of BTC is $441,750,221,045, with a 24-hour trading volume of $31,273,933,847. Indeed, BTC’s market standing attracts worldwide investors from all over the world.
You should now have a good understanding of the present state of the Bitcoin market. Do you believe Bitcoin will be a good investment this year? Let’s briefly examine the factors which influence Bitcoin price.
កត្តាដែលជះឥទ្ធិពលលើតម្លៃ Bitcoin
Bitcoin price has been falling since the start of 2022. Will it not follow the previous year’s bullish trend anymore? Let us now investigate the elements influencing the early and present BTC prices.
Factors Influenced the early Bitcoin Price
User adoption of the asset can influence the price of Bitcoin. The currency’s popularity can cause prices to rise, while a lack of demand for the currency might cause the value to fall. Individuals, governments, institutional investors, and multinational organizations are all adopting Bitcoin so that the price will rise to new highs.
Between 2012 and 2018, the number of Bitcoin addresses holding between 100 and 1,000 BTC steadily climbed, representing a significant share of the Bitcoin in circulation. As the mining difficulty reduced between 2012 and 2015, the price of Bitcoin fell, only to rise again in 2016. The price of Bitcoin and the difficulty of Bitcoin mining increased significantly between 2016 and 2017, considerably slowing Bitcoin’s growth.
Bitcoin reward contributes to the cryptocurrency’s shifting price. Unlike conventional money, Bitcoin has a fixed amount of 21 million. When 210,000 blocks are mined, the payout from Bitcoin mining will be cut in half. Since inception, the reward has been halved twice, dropping from 50 BTC to 12.5 BTC. This happens every four years on average.
The halving of Bitcoin rewards has significantly impacted the mining sector. The hash rate dropped after the first and second halvings but rebounded. Throughout 2018, as Bitcoin fell, many miners left the industry, and the price of Bitcoin fluctuated in the sector. There appears to be a wider acceptance of Bitcoin nowadays. The hash rate began stabilizing at the start of 2019, indicating an upbeat market.
Factors Influencing Current BTC Price
US Federal Reserve Policy: When the Fed raises interest rates, the value of fiat money falls, resulting in a drop in crypto market investment. The Fed meeting is a volatile event that traders must record on their calendars. Cryptocurrency is frequently regarded as an inflation-resistant asset. While the interest rate is low, its value storage can provide a long-term buffer against volatile fiat currency and purchasing power.
As a result, a Fed’s interest rate hike could influence the crypto and stock markets by lowering the value of fiat money. Bitcoin and other cryptocurrencies have recently seen a drop in investment as investors seek a safer, more rewarding alternative.
ការអភិវឌ្ឍន៍ឧស្សាហកម្ម: Market participants invest in new and innovative products to establish the Bitcoin market. For example, Proshares, an Exchange-Traded Funds (ETFs) provider, will launch the first short Bitcoin-linked ETF in June 2022. It is specifically developed to assist investors in profiting from cryptocurrency price drops.
Several crypto exchanges are expanding their scope to capitalize on the burgeoning Bitcoin and cryptocurrency sector. The market incentives for Bitcoin decreased during the Bitcoin halving event. More so, the price of Bitcoin has increased by almost 300% since May 2020, when the number of coins will be cut in half. The price of Bitcoin increased by 8,000% and 600%, respectively, after halving price events in 2012 and 2016. Half of the mining incentive looks to substantially impact the price of Bitcoin, doubling the asset’s stock-to-flow ratio.
Bitcoin Taproot: Due to its higher transaction fees and slower transaction pace than other blockchains, Bitcoin has frequently been mocked as a blockchain. The Taproot upgrade, which sought to address these issues while providing a framework for the Bitcoin blockchain to be more receptive to smart contracts, NFTs, and DeFi, received mixed user reviews from users.
The Taproot upgrade will still have an investor- and HODL-specific long-term effect because the network can now support and process several smart contracts, much like Ethereum. However, the Taproot upgrade raised the price as much as $69,000 in November 2021.
Pros and Cons of Bitcoin
Let us all understand why Bitcoin is suited for today’s generation and must be handled correctly to avoid risks and losses. The following are some Bitcoin pros and cons.
គុណសម្បត្តិ
- Bitcoin enables seamless transactions within a few seconds.
- Bitcoin’s wallet’s private key protects your bitcoins from any hacking attempts.
- BTC offers verifiable and transparent transactions.
- BTC transfer is one of the cheapest and fastest methods of sending funds.
- Assets can be sent directly to a merchant without gatekeepers’ need.
- Growing acceptance of BTC leads to the asset’s great liquidity.
គុណវិបត្តិ
- Influences price movements of its altcoin pairs.
- BTC is volatile.
- Transactions are irreversible.
- Bitcoin is one of the most used baits by scammers.
- Unsustainable process of BTC mining.
- Crypto wallet vulnerabilities – we cannot recover a lost private key.
Moreover, Bitcoin is one of the most discussed digital assets in the crypto industry. This results from the cryptocurrency’s outstanding performance throughout the last few months. Will Bitcoin’s value surpass $50,000 shortly? Let’s take a look at the Bitcoin price analysis for 2022.
Analyst Views on BTC Price Will Reach $100,000
Many cryptocurrency specialists have differing opinions on Bitcoin’s price prediction of $100,000. According to cryptocurrency analyst តុវ៉ែន។, Bitcoin will reach $40,000 by the end of 2022. He posted a live video on Youtube describing why he believes Bitcoin (BTC) might reach $40,000 this year. Furthermore, Vays claims that BTC might return to $11,000. Using the BTC price chart, he stated that Bitcoin would most certainly explode above $40,000 following this downturn.
Another crypto analyst, Crypto Rover, tweeted on Twitter that Bitcoin will reach $200,000 in the next bull run.
Source: https://coinedition.com/bitcoin-btc-price-prediction/