This article examines the current status of Bitcoin in the market, the bull cycle, and price predictions for 2030.
Current Bitcoin Price
As of August 6, 2025, Bitcoin is priced between $114,000 and $118,000, which is lower than its peak of $122,800 from mid-July. A recent $9 billion Bitcoin sale was easily absorbed by the market, demonstrating its maturity and liquidity.
Is the Bitcoin Bull Run Over?
Some technical analysts believe that Bitcoin may have peaked above $122,000 and could drop by 50% to $60,000. However, others argue that current market indicators suggest potential growth rather than decline. Institutional support and increasing demand for Bitcoin ETFs are also seen as significant factors.
Bitcoin Price Predictions for 2030
Price predictions for Bitcoin vary widely. Some forecast that by 2030, the price could reach $1 million, while more conservative estimates range from $300,000 to $460,000. Investors and analysts continue discussing the influence of institutional investments and economic conditions on price growth.
Despite differing forecasts, most experts agree that Bitcoin will become a significant financial asset, likely reaching six-figure values by the end of the decade.
