Bitcoin's current price is $111,740.01, with a 4.30% increase in the last day. According to CoinCodex, the price of Bitcoin is predicted to rise by 7.66% and reach $119,290 by June 21, 2025. Here's a breakdown of the prediction ¹ ²:
- *Short-term prediction:* Bitcoin is expected to reach $134,203 on May 27, 2025, representing a 19.92% growth from the current price.
- *Monthly prediction:* Bitcoin will trade within a price range of $111,915 and $179,446 in 2025, with an average annualized price of $146,692.
- *Long-term prediction:* Bitcoin is forecasted to reach $308,966 by 2029, representing a 176.09% gain from today's value.
Some key indicators to watch are ²:
- *Relative Strength Index (RSI):* Currently at 74.89, indicating Bitcoin is overvalued.
- *50-Day Simple Moving Average (SMA):* Estimated to hit $119,006 by June 21, 2025.
- *200-Day SMA:* Expected to rise to $92,597 by June 21, 2025.
- *Fear & Greed Index:* Currently at 72, indicating greed in the market.
Keep in mind that these predictions are based on technical analysis and may not reflect the actual market performance.