Bitcoin (BTC-USD) price predictions are a hot topic among crypto traders on Tuesday after the token managed to climb above $30,000.
Bitcoin has been slowly recovering from the crypto winter and that has investors in the digital currency excited. Today’s gains push it above $30,000 per token for the first time since June 2022.
It’s worth keeping in mind that the recent interest in BTC comes after the banking crisis. This saw investors turning to alternative investments in lieu of cash. That includes precious metals, as well as various cryptos.
At that point, it makes sense that Bitcoin would gain in price as it’s the biggest crypto on the market. But now traders are wondering if the recent rally can continue. Let’s get into that with a look at the latest price predictions for BTC below!
Bitcoin Price Predictions
- Starting off our coverage today is CoinPedia and its price range estimate of $23,218.00 to $43,959.19 for 2023.
- Next on our list is WalletInvestor, which has a one-year forecast of $11,668.40 for the token.
- Closing out our coverage is CryptoNewZ and its price range of $37,689.54 to $60,926.70 for the crypto in 2023.
Considering Bitcoin’s latest price of $30,211.30, these price predictions are overall positive. Investors will also note that BTC is up 1.9% over the prior 24-hour period as of Tuesday morning.
Investors looking for all of the latest stock market news will want to keep reading!
InvestorPlace is home to all of the most recent stock coverage traders need to know about on Tuesday! Among that is what has shares of Newmont (NYSE:NEM) stock moving, why crypto mining stocks are up, and more. You can find all of that at the following links!
More Tuesday Stock Market News
- NEM Stock Alert: Newmont Sweetens Bid for Newcrest to $19.5 Billion
- Why Are Crypto Mining Stocks MARA, RIOT, HUT Up Today?
- Why Is Virgin Orbit (VORB) Stock Down 27% Today?
On the date of publication, William White did not have (either directly or indirectly) any positions in the securities mentioned in this article. The opinions expressed in this article are those of the writer, subject to the InvestorPlace.com Publishing Guidelines.