Bitcoin News Today: Bitcoin Price Targets Rise to $643,250 by 2030 Amid Strong Technical and Adoption Trends

Bitcoin’s price is currently trading near $118,300, consolidating within a rising wedge breakout pattern on higher timeframes. The weekly chart shows Bitcoin confined within an ascending parallel channel, with price action touching the midline near $118,000, aligning with overhead resistance. The Parabolic SAR is trailing below price, indicating bullish momentum, while the DMI+ remains slightly above DMI-, suggesting moderate trend strength [1]. On the daily chart, Bitcoin is compressing within a minor descending channel, sitting atop a cluster of EMAs between $112,800 and $117,000. The RSI remains in a mid-strength bullish range, hovering around 59–62, without reaching overbought territory [1].

Monthly price structure reveals a powerful ascending triangle breakout, with Bitcoin pushing above the $110,000 ceiling for the first time. On-balance volume (OBV) has started to rise, confirming a volume-backed breakout. As long as Bitcoin remains above $105,000–$110,000, the upward bias persists [1]. Technically, Bitcoin has flipped all major EMAs to support on the daily chart, with the 20 EMA at $117,015 and the 100 EMA at $107,547. Bollinger Bands remain wide, supporting ongoing volatility, and the RSI continues to form higher lows. SMC analysis highlights unfilled demand zones at $111,950 and $100,200, which could serve as springboards for short-term price dips [1].

According to technical indicators, Bitcoin may aim for the upper band of its weekly channel near $140,000 before the end of the year, provided no macroeconomic shocks derail the trend. The Smart Money Concepts (SMC) overlay shows multiple bullish BOS signals, particularly in May and June, with current price action sitting above the last demand zone near $111,950. This level, combined with the supertrend line, forms critical short-term support [1].

Price targets from 2025 to 2030 suggest a progressively bullish trajectory. For 2025, Bitcoin could see a potential low of $97,000, an average of $118,000, and a high of $140,000. By 2026, the potential range expands to $115,000–$200,000, with the potential high reaching $200,000 if institutional adoption and ETF expansion continue. In 2027, with broader adoption in sovereign reserves and payment infrastructure, Bitcoin could average near $220,000 and spike as high as $300,000 [1].

The 2028 halving cycle is expected to create a sustained supply shock, potentially driving Bitcoin’s average price toward $320,000. If long-term holders dominate the supply and global digital asset frameworks stabilize, prices could climb to $420,000. By 2029, Bitcoin may be in a hyper-growth phase, with an average price near $460,000. A high of $550,000 would depend on continued adoption in remittances, pension funds, and corporate treasuries [1].

For 2030, the potential high of $643,250 assumes historical price trajectory and supply-demand mechanics continue to play out. Scarcity, reduced miner rewards, and a maturing financial ecosystem could converge to push the average above $540,000. This projection relies on Bitcoin becoming a major reserve asset and macroeconomic conditions remaining favorable [1].

The price trajectory indicates that Bitcoin’s technical strength, adoption momentum, and fixed-supply model position it well for long-term upside through 2030. Despite expected retracements and volatility, the overall structure remains aligned with prior cycles that led to exponential gains. As long as key support levels hold above $100,000, Bitcoin may be on track for a historic rally toward $600,000 and beyond by the end of the decade [1].

Source: [1] Bitcoin (BTC) Price Prediction 2025-2030: Will BTC Price Hit $150,000 Soon? (https://coinedition.com/bitcoin-btc-price-prediction/)