Bitcoin Price Forecasts for 2030: Analysts Warn of Further Decline Despite Long-Term Growth Prospects

Market Sentiment Still Too Optimistic for a Bottom Formation

Despite recent price losses, sentiment in the crypto market remains too euphoric from analysts' perspective. Data platform Santiment warns that the market may face further downside ^[1].

"The crowd is not fearful enough yet to talk about a bottom," explains Santiment analyst Maksim Balashevich ^[1]. In previous market cycles, significantly more pessimism was observed at the low point—a pattern that is not yet emerging. Accordingly, the analyst does not rule out a drop to $75,000 ^[1].

Interestingly, the Crypto Fear and Greed Index currently shows "extreme fear," while Santiment still assesses sentiment on social media as too optimistic ^[1].

On-Chain Data Confirms Weakness Phase

Technical indicators underscore the pessimistic assessment. According to Santiment, transaction volume has been declining since November, while the number of active addresses has also decreased ^[1]. Additionally, larger Bitcoin holdings have recently been transferred to exchanges, while ETF inflows have also stalled in recent weeks ^[1].

Against this backdrop, data platform CryptoQuant already places Bitcoin in a bear market. Analysts cite weak demand as the main cause ^[1].

Sharp Correction After All-Time High

Within just a few weeks, Bitcoin experienced one of its sharpest corrections in a long time: from the all-time high of $126,000 in early October, it dropped to around $82,000 by the end of November ^[2]. Such short-term swings cause uncertainty, especially among crypto newcomers ^[2].

Long-Term Performance Remains Impressive

Despite the recent slump, Bitcoin has gained nearly 400 percent over a five-year period ^[2]. Few other asset classes can match this performance ^[2].

The short-term disruptions distract from the long-term development. While the current market situation is characterized by uncertainty, the question remains whether bold crypto investors could benefit from the current weakness phase ^[2].

Outlook: Uncertainty Dominates Short-Term

Whether Bitcoin's decline has already reached its low point remains disputed among analysts ^[1]. The combination of still overly optimistic social media sentiment, weak on-chain data, and declining ETF inflows suggests that the market may need to go through further corrections before a sustainable recovery can begin.

How reliable the emotional rollercoaster driving the crypto market is remains questionable in any case. However, it is certain that sentiment on social media is an important indicator for market development ^[1].