Wrapped Bitcoin (WBTC) Price Prediction 2024, 2025–2030

Explore short and medium-term Wrapped Bitcoin price prediction analysis and check long-term Wrapped Bitcoin forecasts for 2025, 2030, and beyond

5-Day Prediction
$?61,200
1-Month Prediction
$?81,050
3-Month Prediction
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6-Month Prediction
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1-Year Prediction
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2025 Prediction
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2030 Prediction
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2040 Prediction
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2050 Prediction
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Current Price $?60,872
Price Prediction $?81,050  (33.17%)
Fear & Greed Index 39 (Fear)
Sentiment Bearish
Volatility 3.86%
Green Days 16/30 (53%)
50-Day SMA $?60,731
200-Day SMA $?61,596
14-Day RSI 45.81

According to our current Wrapped Bitcoin price prediction, the price of Wrapped Bitcoin is predicted to rise by 33.17% and reach $?81,050 by November 9, 2024. Per our technical indicators, the current sentiment is Bearish while the Fear & Greed Index is showing 39 (Fear). Wrapped Bitcoin recorded 16/30 (53%) green days with 3.86% price volatility over the last 30 days. Based on the Wrapped Bitcoin forecast, it's now a bad time to buy Wrapped Bitcoin.

Disclaimer: This is not investment advice. The information provided is for general information purposes only. No information, materials, services and other content provided on this page constitute a solicitation, recommendation, endorsement, or any financial, investment, or other advice. Seek independent professional consultation in the form of legal, financial, and fiscal advice before making any investment decision.

Long-term Wrapped Bitcoin price prediction for 2025, 2026, 2027, 2028, 2029 and 2030

Based on the historical price movements of Wrapped Bitcoin and the BTC halving cycles, the yearly low Wrapped Bitcoin price prediction for 2025 is estimated at $?60,861. Meanwhile, the price of Wrapped Bitcoin is predicted to reach as high as $?149,146 next year. Using the same basis, here is the Wrapped Bitcoin price prediction for each year up until 2030.

YearYearly LowYearly High
2025 $?60,861 $?149,146
2026 $?155,405 $?355,120
2027 $?84,786 $?250,374
2028 $?88,313 $?232,067
2029 $?209,438 $?407,041
2030 $?410,480 $?581,024

Wrapped Bitcoin price prediction 2025

The Wrapped Bitcoin price prediction for 2025 is currently between $?60,861 on the lower end and $?149,146 on the high end. Compared to today’s price, Wrapped Bitcoin could gain 145.01% by 2025 if WBTC reaches the upper price target.

Wrapped Bitcoin price prediction 2030

The Wrapped Bitcoin price prediction for 2030 is currently between $?410,480 on the lower end and $?581,024 on the high end. Compared to today’s price, Wrapped Bitcoin could gain 854.49% by 2030 if it reaches the upper price target.

Wrapped Bitcoin Price Forecast Based on Technical Analysis

Sentiment

Bearish

Based on data from October 10, 2024 at 08:05, the general Wrapped Bitcoin price prediction sentiment is bearish , with 13 technical analysis indicators signaling bullish signals, and 16 signaling bearish signals.

WBTC price prediction was last updated on October 10, 2024 at 08:05.

Wrapped Bitcoin's 50-Day, 200-Day Simple Moving Averages and 14-Day Relative Strength Index - RSI (14)

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Based on our technical indicators, Wrapped Bitcoin's 200-day SMA will rise in the next month and will hit $?61,854 by Nov 09, 2024. Wrapped Bitcoin's short-term 50-Day SMA is estimated to hit $?66,557 by Nov 09, 2024.

The Relative Strength Index (RSI) momentum oscillator is a popular indicator that signals whether a cryptocurrency is oversold (below 30) or overbought (above 70). Currently, the RSI value is at 45.81, which indicates that the WBTC market is in a neutral position.

Popular WBTC Moving Averages and Oscillators for Thu, Oct 10, 2024

Moving averages (MA) are a popular indicator in all financial markets, designed to smooth price action over a certain amount of time. They are a lagging indicator which means they are influenced by historical price activity. In the table below you can find two types of moving averages, simple moving average (SMA) and exponential moving average (EMA).

Daily Simple Moving Average (SMA)

PeriodValueAction
SMA 3$?60,816BUY
SMA 5$?61,456SELL
SMA 10$?61,727SELL
SMA 21$?63,435SELL
SMA 50$?60,731BUY
SMA 100$?61,055SELL
SMA 200$?61,596SELL

Daily Exponential Moving Average (EMA)

PeriodValueAction
EMA 3$?61,789SELL
EMA 5$?61,155SELL
EMA 10$?60,442BUY
EMA 21$?60,424BUY
EMA 50$?61,422SELL
EMA 100$?62,055SELL
EMA 200$?59,396BUY

Weekly Simple Moving Average (SMA)

PeriodValueAction
SMA 21$?64,796SELL
SMA 50$?75,710SELL
SMA 100$?48,233BUY
SMA 200$?24,839BUY

Weekly Exponential Moving Average (EMA)

PeriodValueAction
EMA 21$?60,986SELL
EMA 50$?54,617BUY
EMA 100$?46,033BUY
EMA 200$?27,599BUY

Wrapped Bitcoin Oscillators

An oscillator is a technical analysis tool that constructs high and low bands between two extreme values, and then builds a trend indicator that fluctuates within these bounds. Traders use the trend indicator to discover short-term overbought or oversold conditions.

PeriodValueAction
RSI (14)45.81NEUTRAL
Stoch RSI (14)2.23BUY
Stochastic Fast (14)35.12NEUTRAL
Commodity Channel Index (20)-66.67NEUTRAL
Average Directional Index (14)13.53NEUTRAL
Awesome Oscillator (5, 34)1,405.70NEUTRAL
Momentum (10)-3,589.87NEUTRAL
MACD (12, 26)-281.57NEUTRAL
Williams Percent Range (14)-64.88NEUTRAL
Ultimate Oscillator (7, 14, 28)44.26NEUTRAL
VWMA (10)61,865.62BUY
Hull Moving Average (9)62,383.58SELL
Ichimoku Cloud B/L (9, 26, 52, 26)61,837.35NEUTRAL

Wrapped Bitcoin Key Price Levels

Based on today's classical pivot point (P1) with the value of $?61,103, Wrapped Bitcoin has support levels of $?59,818, $?59,071, and the strongest at $?57,787. Similarly, Wrapped Bitcoin resistance levels are at $?61,850, $?63,134, and $?63,882.

Support Levels

#PriceStrength
S1$?59,818  
S2$?59,071  
S3$?57,787  

Resistance Levels

#PriceStrength
R1$?61,850  
R2$?63,134  
R3$?63,882  

Wrapped Bitcoin Correlation

Over the past 7 days, Wrapped Bitcoin price was most positively correlated with the price of Bitcoin (BTC), Solana (SOL), Theta Token (THETA), Optimism (OP) and Mina Protocol (MINA) and most negatively correlated with the price of TRON (TRX), EigenLayer (EIGEN), UNUS SED LEO (LEO), Flare (FLR) and Kaspa (KAS).

Positively Correlated Currencies

NameCorrelation
0.999
0.971
0.966
0.961
0.951

Negatively Correlated Currencies

NameCorrelation
-0.246
-0.058
-0.004
0.042
0.094

Wrapped Bitcoin price is positively correlated with the top 10 coins by market cap with a price of 0.724, excluding Tether (USDT) and positively correlated with the top 100 coins by market cap excluding all stablecoins with a price of 0.700.

Currencies that are positively correlated with Wrapped Bitcoin indicate that the movement of one has a statistically significant weight to lead the other in the same direction. For currencies that are negatively correlated with Wrapped Bitcoin, a move in one direction for Wrapped Bitcoin would translate into a move in the opposite direction for the negatively correlated coin.

Wrapped Bitcoin Price Prediction for Tomorrow and Next Week

DatePriceChange
Oct 11, 2024 $?60,861 0.00%
Oct 12, 2024 $?60,999 0.23%
Oct 13, 2024 $?61,400 0.88%
Oct 14, 2024 $?61,426 0.93%
Oct 15, 2024 $?61,200 0.56%
Oct 16, 2024 $?61,247 0.63%
Oct 17, 2024 $?60,988 0.21%
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The Wrapped Bitcoin price forecast for the next 30 days is a projection based on the positive/negative trends in the past 30 days. Based on these Wrapped Bitcoin projections, WBTC will be changing hands at $?60,988 on Oct 17, 2024, gaining 0.21% in the process.

Wrapped Bitcoin Historical Price Performance

Change1H24H7D1M3M6MYTD1Y3Y5YALL
Wrapped BitcoinUS Dollar WBTC/USD 0.19%-1.97%0.78%6.46%6.39%-9.80%43.46%124.80%6.72%605.84%1,674%
Wrapped BitcoinBitcoin WBTC/BTC 0.01%0.08%-0.02%-0.08%-0.23%-0.45%-0.12%-0.23%-1.00%-3.42%1.10%
Wrapped BitcoinEthereum WBTC/ETH 0.18%0.14%-0.86%5.37%37.69%23.19%38.61%47.35%61.39%-45.61%-18.63%
Wrapped BitcoinTether WBTC/USDT 0.19%-1.97%0.78%6.46%6.39%-9.80%43.46%124.80%6.72%605.84%1,674%

To get a better idea of what could happen to the Wrapped Bitcoin price in the future, it’s helpful to also explore Wrapped Bitcoin’s price history. In the last month, the WBTC/USD pair is down .

DateOpenHighLowCloseVolumeMarket Cap
Oct 10, 2023$?27,641$?27,768$?27,371$?27,464$?38.15M$?4.50B
Oct 10, 2022$?19,440$?19,506$?19,095$?19,133$?115.91M$?4.74B
Oct 10, 2021$?55,049$?56,326$?54,142$?54,898$?285.33M$?11.54B
Oct 10, 2020$?11,063$?11,451$?11,063$?11,285$?99.36M$?1.09B
Oct 10, 2019$?8,657.55$?8,769.25$?8,475.02$?8,602.65$?141,810$?4.94M

Wrapped Bitcoin Price Prediction FAQ

What is Wrapped Bitcoin's price prediction today?

Based on our Wrapped Bitcoin prediction chart, the price of Wrapped Bitcoin will increase by 0.00% and reach $?60,861 by Oct 11, 2024

What is Wrapped Bitcoin price prediction for tomorrow?

Wrapped Bitcoin is predicted to gain 0.00% and reach a price of $?60,861 tomorrow.

What is the Wrapped Bitcoin price prediction for this week?

According to our Wrapped Bitcoin price prediction, WBTC is forecasted to trade within a price range of $?60,861 and $?61,426 this week. Wrapped Bitcoin will increase by 0.93% and reach $?61,426 by Oct 14, 2024 if it reaches the higher value target.

What is the Wrapped Bitcoin price prediction for next week?

The Wrapped Bitcoin price prediction for next week is between $?61,426 on the lower end and $?63,579 on the high end. Based on our WBTC price prediction chart, the price of Wrapped Bitcoin will increase by 3.51% and reach $?63,579 by Oct 21, 2024 if it reaches the upper price target.

What is the Wrapped Bitcoin price prediction for 2024?

Wrapped Bitcoin is forecasted to trade within a range of $?60,861 and $?143,242. If it reaches the upper price target, WBTC could increase by 135.32% and reach $?143,242.

What is the Wrapped Bitcoin price prediction for 2025?

According to our Wrapped Bitcoin price prediction, WBTC is forecasted to trade within a price range of $?60,861 and $?149,146 next year. Wrapped Bitcoin will increase by 145.01% and reach $?149,146 if it reaches the higher value target for 2025.

What is the Wrapped Bitcoin price prediction for 2030?

The Wrapped Bitcoin price prediction for 2030 is between $?410,480 on the lower end and $?581,024 on the high end. Based on our WBTC price prediction chart, the price of Wrapped Bitcoin could gain 854.49% and reach $?581,024 if it reaches the upper price target.

Will Wrapped Bitcoin reach $100,000?

Wrapped Bitcoin would need to gain 64.28% to reach $100,000.  According to our Wrapped Bitcoin prediction algorithm, Wrapped Bitcoin will hit $100,000 in November 2024.

Will Wrapped Bitcoin reach $1 million?

Wrapped Bitcoin would need to gain 1,542.78% to reach $1 million.  According to our Wrapped Bitcoin prediction algorithm, Wrapped Bitcoin will hit $1 million in March 2036.

What is the current Wrapped Bitcoin sentiment?

The current Wrapped Bitcoin sentiment is bearish according to our technical analysis. The majority of technical indicators are showing sell.

What is the Wrapped Bitcoin Fear & Greed Index and what does it indicate?

Currently, the Wrapped Bitcoin Fear & Greed Index stands at 39, which means that investors’ sentiment is in the so-called Fear zone.

The Fear & Greed Index combines several market and investment indicators, including 30- and 90-day volatility, trading volume, social media activity, and Google Trends data. The Fear & Greed Index can be a useful measure of Wrapped Bitcoin investors’ sentiment, and is based primarily on Bitcoin-related market data.

Overall, the Fear & Greed Index indicates the current sentiment of the market, as follows: 0-24 extreme fear, 25-49 fear, 50 neutral, 51-75 greed, and 76-100 extreme greed. Some traders interpret a prevalent negative sentiment as a good buying opportunity, while a prevalent positive sentiment can be a good opportunity to sell.

Is it profitable to invest in Wrapped Bitcoin?

Over the last 30 days, Wrapped Bitcoin had 16/30 (53%) green days. According to our historical data, it is currently not profitable to invest in Wrapped Bitcoin. The price of Wrapped Bitcoin increased by 124.80% in the last 1 year, while the coin’s 3-year performance is 6.72%.

Is Wrapped Bitcoin a good buy in 2024?

Based on multiple technical quantitative indicators, the current forecast for Wrapped Bitcoin in 2024 is bearish. This could be an indication that Wrapped Bitcoin is a bad buy in 2024. However, it’s important to consider both technical factors (price history) and fundamental factors (on-chain activity and development) before making the decision to buy Wrapped Bitcoin or not.

What will the price of Wrapped Bitcoin be next week?

According to our Wrapped Bitcoin forecast, the price of Wrapped Bitcoin will increase by 0.56% over the next week and reach $?61,200 by October 15, 2024.

What will the price of Wrapped Bitcoin be next month?

According to our Wrapped Bitcoin forecast, the price of Wrapped Bitcoin will increase by 33.17% over the next month and reach $?81,050 by November 9, 2024.

What is Wrapped Bitcoin's 50-Day SMA and what does it indicate?

Wrapped Bitcoin’s 50-day SMA (simple moving average) is currently $?60,731. The 50-day SMA indicates the average price of Wrapped Bitcoin over a 50-day period. The 50-day SMA is commonly used to gauge the price trend of an asset over an intermediate period of time. A rising 50-day SMA indicates a positive WBTC price trend in the medium term, while a dropping SMA indicates the opposite.

The 50-day SMA is calculated by adding together Bitcoin’s closing prices in the last 50 days, and dividing the total by 50.

What is Wrapped Bitcoin's 200-Day SMA and what does it indicate?

Wrapped Bitcoin’s 200-day is currently $?61,596. The 200-day SMA is a popular indicator that’s used to determine an asset’s long-term price trend. A rising Wrapped Bitcoin 200-day SMA indicates a positive long-term trend. Meanwhile, a falling 200-day SMA shows that WBTC has been trending downwards over the long term.

Many cryptocurrency traders pay close attention to the markets when the current Wrapped Bitcoin price crosses an important moving average like the 200-day SMA.

The 200-day SMA is calculated by taking Wrapped Bitcoin’s closing prices in the last 200 days, adding them together, and dividing the total by 200.

What is Wrapped Bitcoin's 14-day RSI and what does it indicate?

Wrapped Bitcoin’s 14-day RSI is at 45.81, indicating that WBTC is currently neutral.

The RSI (Relative Strength Index) is a very popular technical indicator used to analyze prices of a variety of assets, including Wrapped Bitcoin. Most commonly, the RSI is used on a 14-day time frame. The RSI is used to gauge momentum in the market. The readings produced by the RSI indicator range from 0 to 100, with 30 and 70 being important levels. An RSI reading under 30 indicates that the asset is currently undervalued, while an RSI reading above 70 indicates that the asset is currently overvalued.

Will Wrapped Bitcoin go back up?

Based on our algorithmically generated price prediction for Wrapped Bitcoin, the price of WBTC is expected to decrease by 33.17% in the next month and reach $?81,050 on Nov 9, 2024. Additionally, Wrapped Bitcoin’s price is forecasted to gain 394.45% in the next six months and reach $?300,930 on Apr 8, 2025. Finally, Wrapped Bitcoin is expected to trade at $?289,309 on Oct 10, 2025, following a 375.36% value decrease in one year.

How does our price prediction for Wrapped Bitcoin work?

The Wrapped Bitcoin price prediction on CoinCodex is calculated using the historical Wrapped Bitcoin price dataset, accounting for past volatility and market movements. In addition, the algorithm uses the cyclical nature of Bitcoin halvings, which introduce extra supply-side pressure on BTC every 4 years. This has historically played a pivotal role in cryptocurrency markets and is a major component of creating a realistic Wrapped Bitcoin prediction.

Wrapped Bitcoin Price Analysis

How to read and predict Wrapped Bitcoin price movements?

Wrapped Bitcoin traders use a variety of tools to try and determine the direction in which the WBTC market is likely to head next. These tools can roughly be divided into indicators and chart patterns. When trying to predict the Wrapped Bitcoin price, traders also try to identify important support and resistance levels, which can give an indication of when a downtrend is likely to slow down and when an uptrend is likely to stall.

Wrapped Bitcoin Price Prediction Indicators

Moving averages are among the most popular Wrapped Bitcoin price prediction tools. As the name suggests, a moving average provides the average closing price for WBTC over a selected time frame, which is divided into a number of periods of the same length. For example, a 12-day simple moving average for WBTC is a sum of WBTC’s closing prices over the last 12 days which is then divided by 12.

In addition to the simple moving average (SMA), traders also use another type of moving average called the exponential moving average (EMA). The EMA gives more weight to more recent prices, and therefore reacts more quickly to recent price action.

50-day, 100-day and 200-day moving averages are among the most commonly used indicators in the crypto market to identify important resistance and support levels. If the WBTC price moves above any of these averages, it is generally seen as a bullish sign for Wrapped Bitcoin. Conversely, a drop below an important moving average is usually a sign of weakness in the WBTC market.

Traders also like to use the RSI and Fibonacci retracement level indicators to try and ascertain the future direction of the WBTC price.

How to read Wrapped Bitcoin charts and predict price movements?

Most traders use candlestick charts, as they provide more information than a simple line chart. Traders can view candlesticks that represent the price action of Wrapped Bitcoin with different granularity – for example, you could choose a 5-minute candlestick chart for extremely short-term price action or choose a weekly candlestick chart to identify long-terms trends. 1-hour, 4-hour and 1-day candlestick charts are among the most popular.

Let’s use a 1-hour candlestick chart as an example of how this type of price chart gives us information about opening and closing prices. The chart is divided into “candles” that give us information about Wrapped Bitcoin’s price action in 1-hour chunks. Each candlestick will display WBTC’s opening price, closing price, as well as the highest and lowest prices that Wrapped Bitcoin reached within the 1-hour period.

It’s also important to pay attention to the color of the candle – a green candle means that the closing price was higher than the opening price, while a red candle tells us the opposite. Some charts will use hollow and filled candlestick bodies instead of colors to represent the same thing.

What affects the price of Wrapped Bitcoin?

Just like with any other asset, the price action of Wrapped Bitcoin is driven by supply and demand. These dynamics can be influenced by fundamental events such as block reward halvings, hard forks or new protocol updates. Regulations, adoption by companies and governments, cryptocurrency exchange hacks, and other real-world events can also affect the price of WBTC. The market capitalization of Wrapped Bitcoin can change significantly in a short period of time.

When trying to make a Wrapped Bitcoin forecast, many traders also try to monitor the activity of WBTC “whales”, which are entities and individuals that control large amounts of WBTC. Since the Wrapped Bitcoin market is relatively small compared to traditional markets, “whales” can single-handedly have a big influence on Wrapped Bitcoin’s price movements.

Bullish and bearish price prediction patterns

Some traders try to identify candlestick patterns when making cryptocurrency price predictions to try and get an edge over the competition. Some candlestick formations are seen as likely to forecast bullish price action, while others are seen as bearish.

Here are some of the most commonly followed bullish candlestick patterns:

Here are some common bearish candlestick patterns:

  • Hammer
  • Bullish Engulfing
  • Piercing Line
  • Morning Star
  • Three White Soldiers
  • Bearish Harami
  • Dark Cloud Cover
  • Evening Star
  • Shooting Star
  • Hanging Man
DISCLAIMER: Not Investment Advice
The information provided is for general information purposes only. No information, materials, services and other content provided on this page constitute solicitation, recommendation, endorsement or any financial, investment, or other advice. Seek independent professional consultation in the form of legal, financial, and fiscal advice before making any investment decision.

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