Bitcoin Price Forecast: Can It Surge to $350K by 2029?

Written by Ohris M. Greyoon, Blockchain & Crypto Expert

Source: Coinmarketcap

Updated: May 10 2026

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Bitcoin Supply Limitation: The hard cap of 21 million BTC, reinforced by the upcoming halving event in 2024, continues to reduce new token issuance rates, which is expected to further drive price appreciation and enhance market confidence in Bitcoin.
Diverse Price Projections: Market experts have constructed detailed projections for Bitcoin's potential valuation by 2029, with a baseline target of $180,000 and optimistic forecasts approaching $350,000, indicating that Bitcoin's transformation into a major financial instrument is now complete.
Impact of ETFs on Market Access: The approval of Bitcoin spot ETFs has fundamentally restructured market access for traditional financial institutions, eliminating previous complexities related to private key management, and is expected to sustain capital inflows, serving as a significant long-term demand catalyst.
Growth in Institutional Holdings: Current market data confirms that institutional ownership of Bitcoin continues to expand, with ETF inflows maintaining strong momentum throughout 2025, indicating that Bitcoin's leadership position in the financial market will likely remain solidified.

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Technical Analysis for BTC

Technical Sentiment Analysis for Bitcoin (BTC). As of , Bitcoin (BTC) is exhibiting a Neutral technical sentiment. Our proprietary analysis, which aggregates 9 technical signals, shows that 5 indicators are flashing buy, while 4 are indicating sell.

Momentum Indicators: RSI, MACD & Overbought/Oversold Status. Currently, the Relative Strength Index (RSI) for BTC stands at -, which suggests a Neutral condition. Meanwhile, the MACD (12, 26) indicator is at -, providing a Neutral signal for short-term momentum. Other oscillators like the Stochastic Oscillator at - and the Commodity Channel Index (CCI) at - further confirm a - outlook for the crypto.

Support, Resistance & Moving Averages. From a structural perspective, BTC is trading below its 60-day moving average of $- and below its 200-day long-term moving average of $-. Key price levels to watch include the immediate resistance at $- and strong support at $-. A break above $- could signal a bull continuation, while falling below $- may test the next Fibonacci floor at $-.

Bitcoin (BTC) Support & Resistance Level

Name	S3	S2	S1	Pivot Points	R1	R2	R3
Classic	63516.559	67101.619	70909.879	74494.939	78303.199	81888.259	85696.519
Fibonacci	67101.619	69925.868	71670.691	74494.939	77319.188	79064.011	81888.259

About BTC

Bitcoin is a decentralized cryptocurrency originally described in a 2008 whitepaper by a person, or group of people, using the alias Satoshi Nakamoto. It was launched soon after, in January 2009.Bitcoin is a peer-to-peer online currency, meaning that all transactions happen directly between equal, independent network participants, without the need for any intermediary to permit or facilitate them. Bitcoin was created, according to Nakamoto’s own words, to allow “online payments to be sent directly from one party to another without going through a financial institution.”Some concepts for a similar type of a decentralized electronic currency precede BTC, but Bitcoin holds the distinction of being the first-ever cryptocurrency to come into actual use.

About the author

Ohris M. Greyoon

Ohris M. Greyoon holds a Master’s in Computer Science from MIT and has 10 years of experience in blockchain technology and cryptocurrency markets. A pioneer in decentralized finance (DeFi) analysis, he leads Intellectia’s Crypto News, offering cutting-edge insights into digital assets.

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