Here's an update on the crypto market today:
Bitcoin's 30-day performance shows a 6.25% increase, indicating a positive trend over the past month.
- The current market sentiment is neutral-bearish, with a Fear & Greed Index score of 64 (Greed).
- Technical indicators suggest a neutral-bearish outlook, with the 50-day moving average below the price and rising, potentially acting as support.¹ ²
Predictions:
- Short-term predictions suggest Bitcoin may trade between $112,448.99 and $118,788.67 in the next 24 hours.
- For 2025, predictions range from $70,000 to $175,000, with some analysts forecasting a high of $200,000 by the end of the year.
- Long-term predictions estimate Bitcoin's price could reach $900,000 by 2030, with some forecasts as high as $3.8 million.³ ⁴
Expert Opinions:
- Cathie Wood predicts Bitcoin could reach $3.8 million by 2030.
- Michael Saylor expects Bitcoin to surpass $13 million by 2045.
- ARK Invest has increased its bullish BTC price target to $2.4 million by 2030.⁵