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Bitcoin is the most-known cryptocurrency in the market, the leader of all crypto charts and the market’s flagship. Often, the BTC rate determines the entire market trend because when the BTC price drops, other coins follow it, and vice versa.
In spring 2022, the Bitcoin rate lived through hard times, falling rapidly to about $19 000. Now, as of the middle of September, the BTC USDT pair is traded at $20 368. The pair with USDT reflects the up-to-date BTC price in dollars because USDT is a stablecoin that always equals one dollar.
What will happen to BTC in the future, and are there adequate BTC predictions? Let’s see below.
BTC Price Prediction
Let’s first understand what the BTC rate depends on:
- News background
- The prevailing situation in the world economy
- Investors sentiment
- Crypto market trends
- Supply and demand
- Bitcoin halving
- The complexity of mining, the cost of the mining equipment.
Among other factors, we want to consider Bitcoin halving, which will take place in March 2024. As a rule, Bitcoin halving raises its value. It is connected with cutting the Bitcoin supply. What is halving, actually? The maximum supply for bitcoins is 21 million tokens. Halving event happens every 4 years. When it happens, the number of coins released is cut twice; thus, the supply is cut, and therefore, the scarcity of one coin increases, which increases its price. Researchers show that the BTC price lives through the bull market after each halving. And we dare to say it will again happen after halving in match 2024.
BTC realistic prediction forecasts the asset price at $27,31 by the end of 2022 and up to $81,021 by the fall of 2027. The prognosis for 2030 is much more optimistic – analysts set the price level at $267,635.
