Score: 3 / 6
Is Bitcoin on the rise?
No, the price of Bitcoin has been decreasing steadily since April 6, 2022, and is currently down by -35.6%. The 200-day moving average is currently -7.38% above the current price. The 100-day moving average is -22.45% above the current price, and the 50-day moving average is -28.26% above the current price.
The Bitcoin Forecast for 2023
We need to look more closely at a forecast for the one-year outlook, as it is more accurate than other predictions.
For Bitcoin prices in the next year, analysts have made various forecasts. The most optimistic prediction is for a 12-month price target of $32.59k, while the most pessimistic outlook is for $24.80k.
The most recent forecasted price target for the next year is $28.22k, which is crucial to note.
This means it's possible to witness a gain of 1.51 percent.
Bitcoin's Prospects For 2025-2030
The next few years look good for Bitcoin. Three analysts have predicted that by March 2025, Bitcoin will have reached $29.08k. The Bitcoin price is expected to be $29.97k by March 2027, according to the five-year forecast. The long-term forecast for 2030 is $31.34k.