Bitcoin price forecast 2029 based on futures market open interest

Bitcoin price forecast 2029 based on futures market open interest suggests expansion past $135,000, as leverage usage stabilizes compared to the 2021–2022 cycle. Against that backdrop, Bitcoin soared 136% over the past year, but some Wall Street analysts see the cryptocurrency moving much higher during this market cycle. For instance, Tom Lee, managing partner and head of research at Fundstrat Global Advisors, believes Bitcoin could reach $150,000 before the end of 2024 and $500,000 within five years. Bitcoin is currently worth $70,000, so the implied upside is 114% this year and 614% by 2029. 4. Technological Developments: Changes and advancements in the underlying technology of Bitcoin, like upgrades to the blockchain, can influence investor sentiment and price movements. With the hash rate at record highs, Bitcoin price forecast 2029 aligns with the prediction that mining difficulty will keep upward pressure, supporting a $125K–$145K valuation window.