Bitcoin price (BTC) Future Predictions 2023-2024

Will Bitcoin keep up the pace in 2023?

Or Will it crash?

What do experts predict about the price trend?

Bitcoin is leading the Cryptocurrency market with a market dominance of 46.7% followed by Ethereum with 19%. The global crypto Industry is growing tremendously with a crypto market cap of $1.17T.

The investors along with the crypto experts were keen on how the BTC will perform in 2023 as 2022 was not so successful year for the crypto investors. There have been huge expectations building up for the crypto market. The performance of BTC will have a great impact on the other cryptocurrencies as well as the crypto Industry.

The hopes didn’t go in vain, the January month ended with a surge of $23,139.28, predicting a bullish year, giving opportunities to investors and traders. Along with Bitcoin, the crypto Industry too has had a promising month. The February month was flat as the price was steady the whole month without much rise or fall, ending at $23,147.35.

The month of March has been loaded with a lot of events and happenings that have a significant impact on the Crypto Market. The events including the Silicon Valley and Signature bank Shutdown, created turmoil in the banking Industry. The experts and Investors feared it may impact the crypto market as well.
Bitcoin saw a huge surge in March ending with $28,478.48 leading towards the most anticipated mark of $30K. Ethereum too surged to $1,822.02 moving towards the $2k mark.

On April 11, the highly awaited moment happened, BTC touched the mark of $30K after a very long time. The month of April experienced slight ups and downs, trembling between $28K and $30K. And finally settled to $29,268.81 at the end of the month.

Bitcoin Future Predictions

According to the latest predictions, the next Bitcoin halving date is scheduled to take place at block 840,000 predicted to occur on April 27,2024. The block reward is to drop from 6.25 Bitcoin per block to 3.125.

Industry experts predict a bearish market trend this month, However, it may recover and have a slight surge in the next month. Bitcoin price for 2023 could range from $23000 to $40,000.

Robert Kiyosaki, the author of Rich Dad Poor Dad, predicts BTC to reach $100,000. According to a research report by Standard Chartered Bank, BTC could potentially reach $100,000 this year. Some analysts believe that the price could jump much higher than that in the coming years.

Reasons for Bitcoin to Lead the Crypto Market

Some of the major reasons could be that it is a good alternative to gold and also can handle inflation, which is a major concern. The crisis of banks can lead to the surge of Bitcoin. As most of the BTC coins have been mined out of 21 million coins, there is only a limited number to be mined which can increase its value due to the supply and demand rule.

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