Bitcoin’s price has been under pressure as technical indicators highlight bearish trends in the short term. However, experts are bullish on Bitcoin’s potential growth from 2024 to 2027. With the current trading price of $93,826, Bitcoin’s price action reflects weak momentum in the short term but steady growth potential in the long run.
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Moving Averages Signal Short-Term Weakness
On the four-hour time frame, Bitcoin’s moving averages suggest bearish momentum. The 50-day moving average is sliding lower, indicating continuous selling pressure and an inability to hold an upward trajectory. Moreover, there has been a drop in the 200-day moving average as of December 26, 2024, which supports the short-term bearish view. These two averages together only indicate a poor price trend if demand is not going to improve on the part of the buyers.
Source: Tradingview
RSI Indicates Consolidation Phase
Currently, the Relative Strength Index (RSI) is at 45 points out of 70, which can be interpreted as a neutral signal in the sense of overbought or oversold Bitcoin since 30 is considered oversold and 70 overbought, which suggests that Bitcoin is heading toward price consolidation. Although this lessens the chances of a volatile price range, it also indicates low chances of a huge price break out soon.
Short-Term Bitcoin Price Predictions (2024-2025)
| Date | Predicted Price |
| December 31, 2024 | $93,962.07 |
| January 1, 2025 | $93,974.63 |
| January 7, 2025 | $94,050.03 |
| January 30, 2025 | $94,339.63 |
Although the price shows slight upward movement, resistance levels may restrict significant growth.
Long-Term Bitcoin Price Predictions: 2024 to 2027
Despite short-term challenges, Bitcoin’s long-term forecast remains optimistic. Analysts expect a steady increase in price driven by market fundamentals and broader adoption.
| Year | Predicted Price |
| 2024 | $93,962.07 |
| 2025 | $98,660.17 |
| 2026 | $103,593.18 |
| 2027 | $108,772.84 |
Conclusion
Despite Bitcoin exhibiting upward technical level movements, the short-term outlook is still negative owing to low moving averages and a balanced RSI. There is potential for moderate price continuation till early 2025, though severe pressure seems to exist that may slow the rate of its increase. The long-term projections for 2024–2027 show a gradual rise in value due to implementation, rarity, and new legislation. However, the investor should keep an eye on the prospect of getting rich in the long term but remain very careful regarding short-term oscillations.
FAQs
- What is Bitcoin’s current price trend?
Bitcoin’s short-term trend is bearish due to weak moving averages. - What are Bitcoin’s long-term price projections?
Bitcoin is expected to reach $108,772.84 by 2027, showing steady growth. - What influences Bitcoin’s long-term price growth?
Scarcity, adoption, and regulatory clarity are key drivers of Bitcoin’s long-term growth. - Is Bitcoin overbought or oversold?
Bitcoin’s RSI is neutral, indicating balanced buying and selling pressures.
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