Bitcoin price analysis
Can US CPI Help Bitcoin Price Recovery After Debate Led Slump?
Bitcoin (BTC) price, US and Asian markets saw a risk-off conditions as they collapsed after the Trump and Harris debate on September 10. With the US CPI print, Wednesday could see recovery in BTC.
Bitcoin Price Slides After Trump-Harris Debate
The US presidential election debates saw Donald Trump and Kamala Harris butt heads on September 10. Many suggest that Harris took a lead against Trump with her calm and read-set-go attitude. Polymarket data shows that bettors are in favor of Harris winning the debate with her odds reaching 98% as of September 11. On Tuesday, Bitcoin price closed the daily candlestick with a 1.07% gain, but slid down to $56,000 on Wednesday’s early Asian session.
Bitcoin was not the only risk-on asset to collapse after the Trump-Harris Debate, US Crude Oil dropped 5% and the HangSeng Index dropped 177 points on September 10.
Regardless, investors are still wondering – Who won the debate? And how will that impact crypto markets and Bitcoin price? While the Trump-Harris debate could have provided short-term volatility, the upcoming US Consumer Price Index (CPI) will also play a critical role in influencing BTC bias.
Here’s Why This US CPI is Pivotal For BTC Price
The forecast for the headline inflation is 2.7%, which is a reduction from the previous month’s 2.9%. However, the consensus stands at 2.6%. Based on these numbers and the actual inflation, there are multiple scenarios how this macroeconomic event could impact BTC price.
- Inflation lower than expectations: In this case, it might add fuel to the September 18 Fed rate cut decision and cause risk-on assets like Bitcoin to rally.
- Inflation higher than expectations: This outlook could dampen the optimism and temper expectations of a rally in Bitcoin price to $60,000 or higher.
- Inflation meets expectations: The crypto markets could rally in anticipation of the Fed rate cut decision on September 18.
Based on the CME FedWatch Tool, there is a 100% chance that the US Federal Reserve will cut interest rates come September 18. The odds of a 25 basis point rate cut stands at 71%, but the upcoming US CPI print will clear the doubts over the size of the rate cuts.
BTC Price Analysis: Is 60K to 70K Possible Before September Ends?
Bitcoin’s daily chart shows a clear downtrend with a string of lower highs and lower lows. The most recent swing low formed on September 6 could be a higher low that kick-starts a recovery rally to key levels like $60,000 or $70,000. However, this outlook is reliant on today’s US CPI print.
From a daily perspective, BTC needs to set up a higher high above $65,000 to ensure the end of the six-month down trending consolidation. If successful, Bitcoin price prediction shows a revisit of the all-time high of $73,805 is likely. The timeline for the above forecast is the fourth quarter, which has been a good time to be bullish based on historical data.
On the flipside, if the US CPI print comes in hotter than expectations, the Fed could reduce or alter their rate cut schedule, causing markets to crash. In such a case, Bitcoin price wouldn’t attempt to overcome the $65,000 hurdle, instead crash to the weekly support zone, extending from $50,701 to $52,271.
Frequently Asked Questions (FAQs)
Bitcoin price slid after the debate, but the upcoming US CPI print could influence a recovery.
Depending on the inflation rate, Bitcoin price could rally, crash, or stabilize.
The forecast is 2.7% inflation, which could lead to a Fed rate cut and a potential Bitcoin price rally.
Akash Girimath
Akash Girimath, an engineer by training, has developed a deep fascination with the complexities of cryptocurrency markets. As a senior reporter and analyst, he specializes in crypto analysis and contributes his expertise to notable platforms such as AMBCrypto and FXStreet. In addition to his analytical work, Akash actively trades cryptocurrencies and manages a small crypto fund for friends and family. His role involves providing insightful market analysis and keeping readers informed about the latest trends in the crypto world. Follow Him on Youtube , X and LInkedIn
Disclaimer: The presented content may include the personal opinion of the author and is subject to market condition. Do your market research before investing in cryptocurrencies. The author or the publication does not hold any responsibility for your personal financial loss.
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Bitcoin price today trades at $101,384.0 on 11 PM after hitting a daily high of $102,658.0 today after a 0.17% move on December 16.
Bitcoin Price Today: Why is BTC up?
Regardless of the recent crashes, Bitcoin price today is up 0.17% and trades at $101,384.0. As mentioned in a previous CoinGape article, Bitcoin bounced off $99,690 support level, suggesting that the bulls are in control. Is this bounce, bullish or is it manipulation ahead of the weekend with low volume and liquidity?
Let’s find out.
*bitcoin price updated as of 11 PM.
Value of BTC trades at $101,384.0, bringing the year-to-date gain from 56% on October 20 to roughly 132% as of December 16. The YTD performance has slumped due to the recent BTC crash. Although many altcoins have shot up over triple digits, Bitcoin is catching up. Ethereum price’s YTD performance is lackluster, stands around 70%, and is well below BTC.
Although Bitcoin is the largest cryptocurrency by market capitalization, Bitcoin’s popularity is due to its first-mover advantage and its being a secure, decentralized network. In addition, many narratives, like digital gold, inflation hedges, and uncorrelated assets, have kept BTC at the forefront of the crypto market since its inception in 2009.
Bitcoin To End 2024 on Bullish Note
Industry veterans’ speculation of a bull run post-US elections was right, and Bitcoin is likely to end 2024 on a positive note. Many even expect this six-digit target for BTC to sustained without crashes in 2025. This bullishness can be attributed to the historical returns, whihc shows that Bitcoin has always performed massively in the fourth and first quarters .
With that said, Bitcoin’s market capitalization, which stands at $2,007.2 billion, could finally hit the $2 trillion mark.
Bitcoin’s Market Capitalization
While Bitcoin’s market cap hovers around $2,007.2 billion, with Ethereum, the duo controls nearly 65% of the total cryptocurrency market capitalization. Despite the seven-month consolidation, Bitcoin’s $1.93 trillion market cap remains strong, anticipating it reaching $2 trillion before 2025.
BTC: A composition of 24-hour Trading Volume
Being the top crypto has its benefits; more people tend to flock toward the asset. Likewise, BTC’s 24-hour trading volume stands at $57.4 billion. Binance, one of the largest cryptocurrency exchanges, contributes a major portion of this volume. Binance’s share of BTC’s 24-hour trading volume comprises spot and perpetuals trading. While spot volume hovers around 11%, perpetual volume is 41%. Exchanges like OKX, Bitget, etc, follow Binance.
Notable Bitcoin Blockchain Upgrades
With a market cap of $1.93 trillion, it is necessary for the network to remain secure, decentralized, and scalable. This is possible by upgrading the Bitcoin network regularly.
Here are some notable upgrades the Bitcoin network has received or planned to receive since its inception in 2009.
Key Bitcoin Blockchain Upgrades Since 2009
Here are some key milestone upgrades to the Bitcoin network over the past decade.
2020-2024:
- Taproot Upgrade (2021): Improved Bitcoin’s smart contract functionality, allowing for more complex transactions and enhanced privacy.Muir Glacier Upgrade (2020): Delayed the “ice age” that would have slowed down the network, ensuring the continued smooth operation of Bitcoin.
2017-2019:
- Segregated Witness (SegWit) Upgrade (2017): Increased the block size limit, allowing for more transactions to be processed on the network, and improved the overall scalability of Bitcoin.
- Schnorr/Tapscript Upgrade (proposed): Aims to further improve the efficiency and scalability of Bitcoin transactions, but has not yet been activated.
- SegWit2x (canceled): A proposed upgrade that aimed to increase the block size limit, but was ultimately canceled due to lack of consensus.
2015-2016:
- Bitcoin Core 0.12.0 Upgrade (2016): Introduced several improvements, including better wallet management and enhanced security features.
- BIP66 Upgrade (2015): Standardized the way Bitcoin transactions are verified, improving the overall security and reliability of the network.
2013-2014:
- Bitcoin Core 0.9.0 Upgrade (2014): Introduced a new wallet format and improved the overall performance of the Bitcoin client.
- BIP0016 Upgrade (2013): Enabled the use of payment protocol, allowing for more efficient and secure transactions.
2010-2012:
- Pay-to-Script-Hash (P2SH) Upgrade (2012): Introduced a new type of transaction that allows for more complex payment scenarios, improving the overall flexibility of the Bitcoin network.
- Bitcoin Core 0.6.0 Upgrade (2011): Introduced several improvements, including better wallet management and enhanced security features.
2009-2010:
- Bitcoin Core 0.3.0 Upgrade (2009): One of the earliest upgrades to the Bitcoin network, introducing several key features and improvements.
Bitcoin Price Forecast For Next Month
| Date | Price | Change |
|---|---|---|
| December 15, 2024 | 102182.02 | 0.88% |
| December 16, 2024 | 103927.98 | 2.6% |
| December 17, 2024 | 105940.09 | 4.59% |
| December 18, 2024 | 108003.70 | 6.62% |
| December 19, 2024 | 109661.52 | 8.26% |
| December 20, 2024 | 109754.14 | 8.35% |
| December 21, 2024 | 109699.95 | 8.3% |
| December 22, 2024 | 109989.79 | 8.58% |
| December 23, 2024 | 110282.50 | 8.87% |
| December 24, 2024 | 110206.58 | 8.8% |
| December 25, 2024 | 109981.27 | 8.58% |
| December 26, 2024 | 110425.47 | 9.01% |
| December 27, 2024 | 112182.28 | 10.75% |
| December 28, 2024 | 114421.69 | 12.96% |
| December 29, 2024 | 115361.65 | 13.89% |
| December 30, 2024 | 115350.07 | 13.88% |
| December 31, 2024 | 115034.73 | 13.57% |
| January 01, 2025 | 114905.77 | 13.44% |
| January 02, 2025 | 115238.44 | 13.77% |
| January 03, 2025 | 116027.01 | 14.54% |
| January 04, 2025 | 116480.93 | 14.99% |
| January 05, 2025 | 116474.26 | 14.99% |
| January 06, 2025 | 116207.99 | 14.72% |
| January 07, 2025 | 115948.89 | 14.47% |
| January 08, 2025 | 116033.71 | 14.55% |
| January 09, 2025 | 114858.34 | 13.39% |
| January 10, 2025 | 114317.08 | 12.86% |
| January 11, 2025 | 114501.32 | 13.04% |
| January 12, 2025 | 114588.78 | 13.12% |
| January 13, 2025 | 116595.06 | 15.11% |
Based on Coingape’s Bitcoin price prediction, investors can expect a double-digit rally that leads to a peak of $108,918 as of December 31. While there may be a brief correction, BTC’s trend remains bullish. Bitcoin Price Forecast Between 2025 and 2029
Bitcoin Price Forecast Between 2025 & 2029
| January | $102,019.03 | $115,464.43 | $108,741.74 | 74.9% |
| February | $101,856.03 | $115,567.22 | $108,711.63 | 74.9% |
| March | $101,693.04 | $115,670 | $108,681.53 | 74.8% |
| April | $101,530.04 | $115,772.79 | $108,651.42 | 74.8% |
| May | $101,367.05 | $115,875.57 | $108,621.32 | 74.7% |
| June | $101,204.06 | $115,978.36 | $108,591.21 | 74.7% |
| July | $101,041.06 | $116,081.14 | $108,561.11 | 74.6% |
| August | $100,878.07 | $116,183.92 | $108,531 | 74.6% |
| September | $100,715.07 | $116,286.71 | $108,500.90 | 74.5% |
| October | $100,552.08 | $116,389.49 | $108,470.79 | 74.5% |
| November | $100,389.08 | $116,492.28 | $108,440.69 | 74.4% |
| December | $100,226.09 | $116,595.06 | $108,410.58 | 74.4% |
| All Time | $101,122.56 | $116,029.75 | $108,576.16 | 74.6% |
| January | $103,037 | $118,443.81 | $112,998.37 | 81.8% |
| February | $105,847.91 | $120,292.55 | $117,586.15 | 89.1% |
| March | $108,658.82 | $122,141.30 | $122,173.94 | 96.5% |
| April | $111,469.73 | $123,990.04 | $126,761.72 | 103.9% |
| May | $114,280.64 | $125,838.79 | $131,349.51 | 111.3% |
| June | $117,091.55 | $127,687.53 | $135,937.29 | 118.6% |
| July | $119,902.45 | $129,536.28 | $140,525.08 | 126% |
| August | $122,713.36 | $131,385.02 | $145,112.86 | 133.4% |
| September | $125,524.27 | $133,233.77 | $149,700.65 | 140.8% |
| October | $128,335.18 | $135,082.51 | $154,288.43 | 148.2% |
| November | $131,146.09 | $136,931.26 | $158,876.22 | 155.5% |
| December | $133,957 | $138,780 | $163,464 | 162.9% |
| All Time | $118,497 | $128,611.90 | $138,231.18 | 122.3% |
| January | $139,801.17 | $144,684.75 | $169,276.92 | 172.3% |
| February | $145,645.33 | $150,589.50 | $175,089.83 | 181.6% |
| March | $151,489.50 | $156,494.25 | $180,902.75 | 191% |
| April | $157,333.67 | $162,399 | $186,715.67 | 200.3% |
| May | $163,177.83 | $168,303.75 | $192,528.58 | 209.7% |
| June | $169,022 | $174,208.50 | $198,341.50 | 219% |
| July | $174,866.17 | $180,113.25 | $204,154.42 | 228.4% |
| August | $180,710.33 | $186,018 | $209,967.33 | 237.7% |
| September | $186,554.50 | $191,922.75 | $215,780.25 | 247.1% |
| October | $192,398.67 | $197,827.50 | $221,593.17 | 256.4% |
| November | $198,242.83 | $203,732.25 | $227,406.08 | 265.8% |
| December | $204,087 | $209,637 | $233,219 | 275.1% |
| All Time | $171,944.08 | $177,160.88 | $201,247.96 | 223.7% |
| January | $212,511.67 | $218,298 | $243,655 | 291.9% |
| February | $220,936.33 | $226,959 | $254,091 | 308.7% |
| March | $229,361 | $235,620 | $264,527 | 325.5% |
| April | $237,785.67 | $244,281 | $274,963 | 342.3% |
| May | $246,210.33 | $252,942 | $285,399 | 359% |
| June | $254,635 | $261,603 | $295,835 | 375.8% |
| July | $263,059.67 | $270,264 | $306,271 | 392.6% |
| August | $271,484.33 | $278,925 | $316,707 | 409.4% |
| September | $279,909 | $287,586 | $327,143 | 426.2% |
| October | $288,333.67 | $296,247 | $337,579 | 443% |
| November | $296,758.33 | $304,908 | $348,015 | 459.8% |
| December | $305,183 | $313,569 | $358,451 | 476.5% |
| All Time | $258,847.33 | $265,933.50 | $301,053 | 384.2% |
| January | $317,150.58 | $326,144.33 | $372,391.92 | 499% |
| February | $329,118.17 | $338,719.67 | $386,332.83 | 521.4% |
| March | $341,085.75 | $351,295 | $400,273.75 | 543.8% |
| April | $353,053.33 | $363,870.33 | $414,214.67 | 566.2% |
| May | $365,020.92 | $376,445.67 | $428,155.58 | 588.7% |
| June | $376,988.50 | $389,021 | $442,096.50 | 611.1% |
| July | $388,956.08 | $401,596.33 | $456,037.42 | 633.5% |
| August | $400,923.67 | $414,171.67 | $469,978.33 | 655.9% |
| September | $412,891.25 | $426,747 | $483,919.25 | 678.4% |
| October | $424,858.83 | $439,322.33 | $497,860.17 | 700.8% |
| November | $436,826.42 | $451,897.67 | $511,801.08 | 723.2% |
| December | $448,794 | $464,473 | $525,742 | 745.6% |
| All Time | $382,972.29 | $395,308.67 | $449,066.96 | 622.3% |
In the next year, aka 2025, Bitcoin price is likely to stay well above the six-digit territory and shows no signs of correction below it. Coingape’s Bitcoin price prediction data reveals a peak of $104,280.26 in February 2025.
Bitcoin Price Forecast Between 2030 and 2050
2030
2031
2032
2033
2040
2050
| January | $465,154.42 | $481,462.17 | $546,469.67 | 779% |
| February | $481,514.83 | $498,451.33 | $567,197.33 | 812.3% |
| March | $497,875.25 | $515,440.50 | $587,925 | 845.6% |
| April | $514,235.67 | $532,429.67 | $608,652.67 | 879% |
| May | $530,596.08 | $549,418.83 | $629,380.33 | 912.3% |
| June | $546,956.50 | $566,408 | $650,108 | 945.7% |
| July | $563,316.92 | $583,397.17 | $670,835.67 | 979% |
| August | $579,677.33 | $600,386.33 | $691,563.33 | 1012.3% |
| September | $596,037.75 | $617,375.50 | $712,291 | 1045.7% |
| October | $612,398.17 | $634,364.67 | $733,018.67 | 1079% |
| November | $628,758.58 | $651,353.83 | $753,746.33 | 1112.4% |
| December | $645,119 | $668,343 | $774,474 | 1145.7% |
| All Time | $555,136.71 | $574,902.58 | $660,471.83 | 962.3% |
| January | $667,167.08 | $691,240.58 | $802,526.58 | 1190.8% |
| February | $689,215.17 | $714,138.17 | $830,579.17 | 1235.9% |
| March | $711,263.25 | $737,035.75 | $858,631.75 | 1281.1% |
| April | $733,311.33 | $759,933.33 | $886,684.33 | 1326.2% |
| May | $755,359.42 | $782,830.92 | $914,736.92 | 1371.3% |
| June | $777,407.50 | $805,728.50 | $942,789.50 | 1416.4% |
| July | $799,455.58 | $828,626.08 | $970,842.08 | 1461.5% |
| August | $821,503.67 | $851,523.67 | $998,894.67 | 1506.7% |
| September | $843,551.75 | $874,421.25 | $1,026,947.25 | 1551.8% |
| October | $865,599.83 | $897,318.83 | $1,054,999.83 | 1596.9% |
| November | $887,647.92 | $920,216.42 | $1,083,052.42 | 1642% |
| December | $909,696 | $943,114 | $1,111,105 | 1687.1% |
| All Time | $788,431.54 | $817,177.29 | $956,815.79 | 1439% |
| January | $946,061.92 | $979,838.83 | $1,150,786.08 | 1751% |
| February | $982,427.83 | $1,016,563.67 | $1,190,467.17 | 1814.8% |
| March | $1,018,793.75 | $1,053,288.50 | $1,230,148.25 | 1878.6% |
| April | $1,055,159.67 | $1,090,013.33 | $1,269,829.33 | 1942.4% |
| May | $1,091,525.58 | $1,126,738.17 | $1,309,510.42 | 2006.3% |
| June | $1,127,891.50 | $1,163,463 | $1,349,191.50 | 2070.1% |
| July | $1,164,257.42 | $1,200,187.83 | $1,388,872.58 | 2133.9% |
| August | $1,200,623.33 | $1,236,912.67 | $1,428,553.67 | 2197.7% |
| September | $1,236,989.25 | $1,273,637.50 | $1,468,234.75 | 2261.6% |
| October | $1,273,355.17 | $1,310,362.33 | $1,507,915.83 | 2325.4% |
| November | $1,309,721.08 | $1,347,087.17 | $1,547,596.92 | 2389.2% |
| December | $1,346,087 | $1,383,812 | $1,587,278 | 2453% |
| All Time | $1,146,074.46 | $1,181,825.42 | $1,369,032.04 | 2102% |
| January | $1,387,378.67 | $1,426,572.58 | $1,647,465.92 | 2549.9% |
| February | $1,428,670.33 | $1,469,333.17 | $1,707,653.83 | 2646.7% |
| March | $1,469,962 | $1,512,093.75 | $1,767,841.75 | 2743.5% |
| April | $1,511,253.67 | $1,554,854.33 | $1,828,029.67 | 2840.3% |
| May | $1,552,545.33 | $1,597,614.92 | $1,888,217.58 | 2937.1% |
| June | $1,593,837 | $1,640,375.50 | $1,948,405.50 | 3033.9% |
| July | $1,635,128.67 | $1,683,136.08 | $2,008,593.42 | 3130.7% |
| August | $1,676,420.33 | $1,725,896.67 | $2,068,781.33 | 3227.5% |
| September | $1,717,712 | $1,768,657.25 | $2,128,969.25 | 3324.3% |
| October | $1,759,003.67 | $1,811,417.83 | $2,189,157.17 | 3421.1% |
| November | $1,800,295.33 | $1,854,178.42 | $2,249,345.08 | 3517.9% |
| December | $1,841,587 | $1,896,939 | $2,309,533 | 3614.7% |
| All Time | $1,614,482.83 | $1,661,755.79 | $1,978,499.46 | 3082.3% |
| January | $1,912,592.58 | $1,975,978.17 | $2,362,093.25 | 3699.3% |
| February | $1,983,598.17 | $2,055,017.33 | $2,414,653.50 | 3783.8% |
| March | $2,054,603.75 | $2,134,056.50 | $2,467,213.75 | 3868.4% |
| April | $2,125,609.33 | $2,213,095.67 | $2,519,774 | 3952.9% |
| May | $2,196,614.92 | $2,292,134.83 | $2,572,334.25 | 4037.4% |
| June | $2,267,620.50 | $2,371,174 | $2,624,894.50 | 4122% |
| July | $2,338,626.08 | $2,450,213.17 | $2,677,454.75 | 4206.5% |
| August | $2,409,631.67 | $2,529,252.33 | $2,730,015 | 4291.1% |
| September | $2,480,637.25 | $2,608,291.50 | $2,782,575.25 | 4375.6% |
| October | $2,551,642.83 | $2,687,330.67 | $2,835,135.50 | 4460.1% |
| November | $2,622,648.42 | $2,766,369.83 | $2,887,695.75 | 4544.7% |
| December | $2,693,654 | $2,845,409 | $2,940,256 | 4629.2% |
| All Time | $2,303,123.29 | $2,410,693.58 | $2,651,174.63 | 4164.3% |
| January | $2,753,723.75 | $2,916,544.25 | $3,019,295.17 | 4756.4% |
| February | $2,813,793.50 | $2,987,679.50 | $3,098,334.33 | 4883.5% |
| March | $2,873,863.25 | $3,058,814.75 | $3,177,373.50 | 5010.6% |
| April | $2,933,933 | $3,129,950 | $3,256,412.67 | 5137.7% |
| May | $2,994,002.75 | $3,201,085.25 | $3,335,451.83 | 5264.9% |
| June | $3,054,072.50 | $3,272,220.50 | $3,414,491 | 5392% |
| July | $3,114,142.25 | $3,343,355.75 | $3,493,530.17 | 5519.1% |
| August | $3,174,212 | $3,414,491 | $3,572,569.33 | 5646.3% |
| September | $3,234,281.75 | $3,485,626.25 | $3,651,608.50 | 5773.4% |
| October | $3,294,351.50 | $3,556,761.50 | $3,730,647.67 | 5900.5% |
| November | $3,354,421.25 | $3,627,896.75 | $3,809,686.83 | 6027.7% |
| December | $3,414,491 | $3,699,032 | $3,888,726 | 6154.8% |
| All Time | $3,084,107.38 | $3,307,788.13 | $3,454,010.58 | 5455.6% |
Roughly five years from now, aka 2030, Bitcoin’s price will see an explosion to the upside, with an all-time high of $774,474 in the aforementioned year. In the same period, BTC could reach a low of $465,154.42. Based on CoinGape predictions, the average price of BTC in 2050 is between $2.9 million and $3.3 million.
Investors should note that these long-term predictions can change and, hence, should be taken with a grain of salt.
Bitcoin Price Analysis: BTC Bounces Off Key Support, What’s Next?
Let’s do a top-down analysis of Bitcoin, starting from the weekly chart.
The weekly chart shows that there was a ton of buying pressure that undid the massive sell-off that occurred at the start of the week. If the weekly candlestick manages to close above $104,698, it could be a bullish signal that hints at a massive uptrend.
The daily chart shows, despite Bitcoin’s consolidation, it has managed stay above the weekly above Volume Weighted Average Price (VWAP). Dips seen below the weekly VWAP were ephemeral, leading to quick recoveries.
While the daily chart remains bullish without a doubt, a failure to maintain this trend could lead to a reversal, albeit short-term. In such a case, BTC could crash 16% to tag the first imbalance on the daily chart, extending from $85.1k to $81.6k.
However, for now, BTC looks bullish on the daily chart as it consolidated above the $99,690 support level.
On the four-hour chart, Bitcoin looks shaky with price facing a strong selling pressure around $102k. If sellers persist and the $99.690 support level gives, then BTC could reenter the $99,690 to $90,824 range. Depending on the selling pressure, Bitcoin could stop at the POC at $97,876 or crash all the way to the range low at $90,824.
All in all, the outlook for Bitcoin looks uncertain with $99,690 still acting as a key support floor. A bounce here could propel BTC to new highs, a breakdown could send it to $90k. Regardless, With the weekend around the corner, investors need to expect liquidity runs on either side due low volumes.
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Bitcoin price today trades at $100,236.0 on 12 PM after hitting a daily high of $102,528.0 today after a -0.67% move on December 13.
Bitcoin Price Today: New BTC ATH or $90K Revisit?
Regardless of this drop, Bitcoin price today is up -0.67% and trades at $100,236.0. After dropping 2% from the December 12 swing high of $102,636 BTC currently sits above a key support level, a breakdown of which could trigger another crash, but a bounce here could kickstart the bull run.
What will it be? A crash or a rally? Let’s explore.
Regardless of this drop, Bitcoin price today is up -0.67% and trades at $100,236.0.
*bitcoin price updated as of 12 PM.
Value of BTC trades at $100,236.0, bringing the year-to-date gain from 56% on October 20 to roughly 132% as of December 13. The YTD performance has slumped due to the recent BTC crash. Although many altcoins have shot up over triple digits, Bitcoin is catching up. Ethereum price’s YTD performance is lackluster, stands around 70%, and is well below BTC.
Although Bitcoin is the largest cryptocurrency by market capitalization, Bitcoin’s popularity is due to its first-mover advantage and its being a secure, decentralized network. In addition, many narratives, like digital gold, inflation hedges, and uncorrelated assets, have kept BTC at the forefront of the crypto market since its inception in 2009.
Bitcoin To End 2024 on Bullish Note
Industry veterans’ speculation of a bull run post-US elections was right, and Bitcoin is likely to end 2024 on a positive note. Historical returns show that Bitcoin has always performed massively in the fourth quarter.
With that said, Bitcoin’s market capitalization stands at $1,984.5 billion and is close to hitting the $2 trillion mark.
Bitcoin’s Market Capitalization
While Bitcoin’s market cap hovers around $1,984.5 billion, with Ethereum, the duo controls nearly 65% of the total cryptocurrency market capitalization. Despite the seven-month consolidation, Bitcoin’s $1.93 trillion market cap remains strong, anticipating it reaching $2 trillion before 2025.
BTC: A composition of 24-hour Trading Volume
Being the top crypto has its benefits; more people tend to flock toward the asset. Likewise, BTC’s 24-hour trading volume stands at $89.1 billion. Binance, one of the largest cryptocurrency exchanges, contributes a major portion of this volume. Binance’s share of BTC’s 24-hour trading volume comprises spot and perpetuals trading. While spot volume hovers around 11%, perpetual volume is 41%. Exchanges like OKX, Bitget, etc, follow Binance.
Notable Bitcoin Blockchain Upgrades
With a market cap of $1.93 trillion, it is necessary for the network to remain secure, decentralized, and scalable. This is possible by upgrading the Bitcoin network regularly.
Here are some notable upgrades the Bitcoin network has received or planned to receive since its inception in 2009.
Key Bitcoin Blockchain Upgrades Since 2009
Here are some key milestone upgrades to the Bitcoin network over the past decade.
2020-2024:
- Taproot Upgrade (2021): Improved Bitcoin’s smart contract functionality, allowing for more complex transactions and enhanced privacy.Muir Glacier Upgrade (2020): Delayed the “ice age” that would have slowed down the network, ensuring the continued smooth operation of Bitcoin.
2017-2019:
- Segregated Witness (SegWit) Upgrade (2017): Increased the block size limit, allowing for more transactions to be processed on the network, and improved the overall scalability of Bitcoin.
- Schnorr/Tapscript Upgrade (proposed): Aims to further improve the efficiency and scalability of Bitcoin transactions, but has not yet been activated.
- SegWit2x (canceled): A proposed upgrade that aimed to increase the block size limit, but was ultimately canceled due to lack of consensus.
2015-2016:
- Bitcoin Core 0.12.0 Upgrade (2016): Introduced several improvements, including better wallet management and enhanced security features.
- BIP66 Upgrade (2015): Standardized the way Bitcoin transactions are verified, improving the overall security and reliability of the network.
2013-2014:
- Bitcoin Core 0.9.0 Upgrade (2014): Introduced a new wallet format and improved the overall performance of the Bitcoin client.
- BIP0016 Upgrade (2013): Enabled the use of payment protocol, allowing for more efficient and secure transactions.
2010-2012:
- Pay-to-Script-Hash (P2SH) Upgrade (2012): Introduced a new type of transaction that allows for more complex payment scenarios, improving the overall flexibility of the Bitcoin network.
- Bitcoin Core 0.6.0 Upgrade (2011): Introduced several improvements, including better wallet management and enhanced security features.
2009-2010:
- Bitcoin Core 0.3.0 Upgrade (2009): One of the earliest upgrades to the Bitcoin network, introducing several key features and improvements.
Bitcoin Price Outlook For Next 30 Days
| Date | Price | Change |
|---|---|---|
| December 13, 2024 | 100998.37 | 0.16% |
| December 14, 2024 | 102758.25 | 1.91% |
| December 15, 2024 | 104782.66 | 3.92% |
| December 16, 2024 | 106864.87 | 5.98% |
| December 17, 2024 | 108594.33 | 7.7% |
| December 18, 2024 | 108687.68 | 7.79% |
| December 19, 2024 | 108639.64 | 7.74% |
| December 20, 2024 | 108903.09 | 8% |
| December 21, 2024 | 109232.09 | 8.33% |
| December 22, 2024 | 109167.27 | 8.27% |
| December 23, 2024 | 108940.17 | 8.04% |
| December 24, 2024 | 109321.25 | 8.42% |
| December 25, 2024 | 110896.54 | 9.98% |
| December 26, 2024 | 113335.70 | 12.4% |
| December 27, 2024 | 114283.15 | 13.34% |
| December 28, 2024 | 114378.05 | 13.43% |
| December 29, 2024 | 114111.23 | 13.17% |
| December 30, 2024 | 113893.80 | 12.95% |
| December 31, 2024 | 114149.69 | 13.21% |
| January 01, 2025 | 114944.55 | 14% |
| January 02, 2025 | 115458.30 | 14.51% |
| January 03, 2025 | 115560.92 | 14.61% |
| January 04, 2025 | 115299.93 | 14.35% |
| January 05, 2025 | 115004.10 | 14.06% |
| January 06, 2025 | 115054.93 | 14.11% |
| January 07, 2025 | 114168.15 | 13.23% |
| January 08, 2025 | 113281.31 | 12.35% |
| January 09, 2025 | 113495.47 | 12.56% |
| January 10, 2025 | 113583.63 | 12.65% |
| January 11, 2025 | 115176.09 | 14.23% |
Based on Coingape’s Bitcoin price prediction, investors can expect a double-digit rally that leads to a peak of $108,918 as of December 31. While there may be a brief correction, BTC’s trend remains bullish. Bitcoin Price Forecast Between 2025 and 2029
Bitcoin Price Outlook Between 2025 & 2029
| January | $100,962.21 | $114,476.62 | $107,719.42 | 73.3% |
| February | $100,926.05 | $114,575.20 | $107,750.62 | 73.3% |
| March | $100,889.88 | $114,673.77 | $107,781.83 | 73.4% |
| April | $100,853.72 | $114,772.34 | $107,813.03 | 73.4% |
| May | $100,817.56 | $114,870.91 | $107,844.24 | 73.5% |
| June | $100,781.40 | $114,969.49 | $107,875.44 | 73.5% |
| July | $100,745.23 | $115,068.06 | $107,906.65 | 73.6% |
| August | $100,709.07 | $115,166.63 | $107,937.85 | 73.6% |
| September | $100,672.91 | $115,265.20 | $107,969.06 | 73.7% |
| October | $100,636.75 | $115,363.78 | $108,000.26 | 73.7% |
| November | $100,600.58 | $115,462.35 | $108,031.47 | 73.8% |
| December | $100,564.42 | $115,560.92 | $108,062.67 | 73.8% |
| All Time | $100,763.31 | $115,018.77 | $107,891.04 | 73.5% |
| January | $103,347.14 | $117,495.84 | $112,679.45 | 81.2% |
| February | $106,129.85 | $119,430.77 | $117,296.23 | 88.7% |
| March | $108,912.57 | $121,365.69 | $121,913 | 96.1% |
| April | $111,695.28 | $123,300.61 | $126,529.78 | 103.5% |
| May | $114,478 | $125,235.54 | $131,146.56 | 110.9% |
| June | $117,260.71 | $127,170.46 | $135,763.34 | 118.4% |
| July | $120,043.43 | $129,105.38 | $140,380.11 | 125.8% |
| August | $122,826.14 | $131,040.31 | $144,996.89 | 133.2% |
| September | $125,608.86 | $132,975.23 | $149,613.67 | 140.6% |
| October | $128,391.57 | $134,910.15 | $154,230.45 | 148.1% |
| November | $131,174.29 | $136,845.08 | $158,847.22 | 155.5% |
| December | $133,957 | $138,780 | $163,464 | 162.9% |
| All Time | $118,652.07 | $128,137.92 | $138,071.72 | 122.1% |
| January | $139,801.17 | $144,684.75 | $169,276.92 | 172.3% |
| February | $145,645.33 | $150,589.50 | $175,089.83 | 181.6% |
| March | $151,489.50 | $156,494.25 | $180,902.75 | 191% |
| April | $157,333.67 | $162,399 | $186,715.67 | 200.3% |
| May | $163,177.83 | $168,303.75 | $192,528.58 | 209.7% |
| June | $169,022 | $174,208.50 | $198,341.50 | 219% |
| July | $174,866.17 | $180,113.25 | $204,154.42 | 228.4% |
| August | $180,710.33 | $186,018 | $209,967.33 | 237.7% |
| September | $186,554.50 | $191,922.75 | $215,780.25 | 247.1% |
| October | $192,398.67 | $197,827.50 | $221,593.17 | 256.4% |
| November | $198,242.83 | $203,732.25 | $227,406.08 | 265.8% |
| December | $204,087 | $209,637 | $233,219 | 275.1% |
| All Time | $171,944.08 | $177,160.88 | $201,247.96 | 223.7% |
| January | $212,511.67 | $218,298 | $243,655 | 291.9% |
| February | $220,936.33 | $226,959 | $254,091 | 308.7% |
| March | $229,361 | $235,620 | $264,527 | 325.5% |
| April | $237,785.67 | $244,281 | $274,963 | 342.3% |
| May | $246,210.33 | $252,942 | $285,399 | 359% |
| June | $254,635 | $261,603 | $295,835 | 375.8% |
| July | $263,059.67 | $270,264 | $306,271 | 392.6% |
| August | $271,484.33 | $278,925 | $316,707 | 409.4% |
| September | $279,909 | $287,586 | $327,143 | 426.2% |
| October | $288,333.67 | $296,247 | $337,579 | 443% |
| November | $296,758.33 | $304,908 | $348,015 | 459.8% |
| December | $305,183 | $313,569 | $358,451 | 476.5% |
| All Time | $258,847.33 | $265,933.50 | $301,053 | 384.2% |
| January | $317,150.58 | $326,144.33 | $372,391.92 | 499% |
| February | $329,118.17 | $338,719.67 | $386,332.83 | 521.4% |
| March | $341,085.75 | $351,295 | $400,273.75 | 543.8% |
| April | $353,053.33 | $363,870.33 | $414,214.67 | 566.2% |
| May | $365,020.92 | $376,445.67 | $428,155.58 | 588.7% |
| June | $376,988.50 | $389,021 | $442,096.50 | 611.1% |
| July | $388,956.08 | $401,596.33 | $456,037.42 | 633.5% |
| August | $400,923.67 | $414,171.67 | $469,978.33 | 655.9% |
| September | $412,891.25 | $426,747 | $483,919.25 | 678.4% |
| October | $424,858.83 | $439,322.33 | $497,860.17 | 700.8% |
| November | $436,826.42 | $451,897.67 | $511,801.08 | 723.2% |
| December | $448,794 | $464,473 | $525,742 | 745.6% |
| All Time | $382,972.29 | $395,308.67 | $449,066.96 | 622.3% |
In the next year, aka 2025, Bitcoin price is likely to stay well above the six-digit territory and shows no signs of correction below it. Coingape’s Bitcoin price prediction data reveals a peak of $104,280.26 in February 2025.
Bitcoin Price Outlook Between 2030 and 2050
2030
2031
2032
2033
2040
2050
| January | $465,154.42 | $481,462.17 | $546,469.67 | 779% |
| February | $481,514.83 | $498,451.33 | $567,197.33 | 812.3% |
| March | $497,875.25 | $515,440.50 | $587,925 | 845.6% |
| April | $514,235.67 | $532,429.67 | $608,652.67 | 879% |
| May | $530,596.08 | $549,418.83 | $629,380.33 | 912.3% |
| June | $546,956.50 | $566,408 | $650,108 | 945.7% |
| July | $563,316.92 | $583,397.17 | $670,835.67 | 979% |
| August | $579,677.33 | $600,386.33 | $691,563.33 | 1012.3% |
| September | $596,037.75 | $617,375.50 | $712,291 | 1045.7% |
| October | $612,398.17 | $634,364.67 | $733,018.67 | 1079% |
| November | $628,758.58 | $651,353.83 | $753,746.33 | 1112.4% |
| December | $645,119 | $668,343 | $774,474 | 1145.7% |
| All Time | $555,136.71 | $574,902.58 | $660,471.83 | 962.3% |
| January | $667,167.08 | $691,240.58 | $802,526.58 | 1190.8% |
| February | $689,215.17 | $714,138.17 | $830,579.17 | 1235.9% |
| March | $711,263.25 | $737,035.75 | $858,631.75 | 1281.1% |
| April | $733,311.33 | $759,933.33 | $886,684.33 | 1326.2% |
| May | $755,359.42 | $782,830.92 | $914,736.92 | 1371.3% |
| June | $777,407.50 | $805,728.50 | $942,789.50 | 1416.4% |
| July | $799,455.58 | $828,626.08 | $970,842.08 | 1461.5% |
| August | $821,503.67 | $851,523.67 | $998,894.67 | 1506.7% |
| September | $843,551.75 | $874,421.25 | $1,026,947.25 | 1551.8% |
| October | $865,599.83 | $897,318.83 | $1,054,999.83 | 1596.9% |
| November | $887,647.92 | $920,216.42 | $1,083,052.42 | 1642% |
| December | $909,696 | $943,114 | $1,111,105 | 1687.1% |
| All Time | $788,431.54 | $817,177.29 | $956,815.79 | 1439% |
| January | $946,061.92 | $979,838.83 | $1,150,786.08 | 1751% |
| February | $982,427.83 | $1,016,563.67 | $1,190,467.17 | 1814.8% |
| March | $1,018,793.75 | $1,053,288.50 | $1,230,148.25 | 1878.6% |
| April | $1,055,159.67 | $1,090,013.33 | $1,269,829.33 | 1942.4% |
| May | $1,091,525.58 | $1,126,738.17 | $1,309,510.42 | 2006.3% |
| June | $1,127,891.50 | $1,163,463 | $1,349,191.50 | 2070.1% |
| July | $1,164,257.42 | $1,200,187.83 | $1,388,872.58 | 2133.9% |
| August | $1,200,623.33 | $1,236,912.67 | $1,428,553.67 | 2197.7% |
| September | $1,236,989.25 | $1,273,637.50 | $1,468,234.75 | 2261.6% |
| October | $1,273,355.17 | $1,310,362.33 | $1,507,915.83 | 2325.4% |
| November | $1,309,721.08 | $1,347,087.17 | $1,547,596.92 | 2389.2% |
| December | $1,346,087 | $1,383,812 | $1,587,278 | 2453% |
| All Time | $1,146,074.46 | $1,181,825.42 | $1,369,032.04 | 2102% |
| January | $1,387,378.67 | $1,426,572.58 | $1,647,465.92 | 2549.9% |
| February | $1,428,670.33 | $1,469,333.17 | $1,707,653.83 | 2646.7% |
| March | $1,469,962 | $1,512,093.75 | $1,767,841.75 | 2743.5% |
| April | $1,511,253.67 | $1,554,854.33 | $1,828,029.67 | 2840.3% |
| May | $1,552,545.33 | $1,597,614.92 | $1,888,217.58 | 2937.1% |
| June | $1,593,837 | $1,640,375.50 | $1,948,405.50 | 3033.9% |
| July | $1,635,128.67 | $1,683,136.08 | $2,008,593.42 | 3130.7% |
| August | $1,676,420.33 | $1,725,896.67 | $2,068,781.33 | 3227.5% |
| September | $1,717,712 | $1,768,657.25 | $2,128,969.25 | 3324.3% |
| October | $1,759,003.67 | $1,811,417.83 | $2,189,157.17 | 3421.1% |
| November | $1,800,295.33 | $1,854,178.42 | $2,249,345.08 | 3517.9% |
| December | $1,841,587 | $1,896,939 | $2,309,533 | 3614.7% |
| All Time | $1,614,482.83 | $1,661,755.79 | $1,978,499.46 | 3082.3% |
| January | $1,912,592.58 | $1,975,978.17 | $2,362,093.25 | 3699.3% |
| February | $1,983,598.17 | $2,055,017.33 | $2,414,653.50 | 3783.8% |
| March | $2,054,603.75 | $2,134,056.50 | $2,467,213.75 | 3868.4% |
| April | $2,125,609.33 | $2,213,095.67 | $2,519,774 | 3952.9% |
| May | $2,196,614.92 | $2,292,134.83 | $2,572,334.25 | 4037.4% |
| June | $2,267,620.50 | $2,371,174 | $2,624,894.50 | 4122% |
| July | $2,338,626.08 | $2,450,213.17 | $2,677,454.75 | 4206.5% |
| August | $2,409,631.67 | $2,529,252.33 | $2,730,015 | 4291.1% |
| September | $2,480,637.25 | $2,608,291.50 | $2,782,575.25 | 4375.6% |
| October | $2,551,642.83 | $2,687,330.67 | $2,835,135.50 | 4460.1% |
| November | $2,622,648.42 | $2,766,369.83 | $2,887,695.75 | 4544.7% |
| December | $2,693,654 | $2,845,409 | $2,940,256 | 4629.2% |
| All Time | $2,303,123.29 | $2,410,693.58 | $2,651,174.63 | 4164.3% |
| January | $2,753,723.75 | $2,916,544.25 | $3,019,295.17 | 4756.4% |
| February | $2,813,793.50 | $2,987,679.50 | $3,098,334.33 | 4883.5% |
| March | $2,873,863.25 | $3,058,814.75 | $3,177,373.50 | 5010.6% |
| April | $2,933,933 | $3,129,950 | $3,256,412.67 | 5137.7% |
| May | $2,994,002.75 | $3,201,085.25 | $3,335,451.83 | 5264.9% |
| June | $3,054,072.50 | $3,272,220.50 | $3,414,491 | 5392% |
| July | $3,114,142.25 | $3,343,355.75 | $3,493,530.17 | 5519.1% |
| August | $3,174,212 | $3,414,491 | $3,572,569.33 | 5646.3% |
| September | $3,234,281.75 | $3,485,626.25 | $3,651,608.50 | 5773.4% |
| October | $3,294,351.50 | $3,556,761.50 | $3,730,647.67 | 5900.5% |
| November | $3,354,421.25 | $3,627,896.75 | $3,809,686.83 | 6027.7% |
| December | $3,414,491 | $3,699,032 | $3,888,726 | 6154.8% |
| All Time | $3,084,107.38 | $3,307,788.13 | $3,454,010.58 | 5455.6% |
Roughly five years from now, aka 2030, Bitcoin’s price will see an explosion to the upside, with an all-time high of $774,474 in the aforementioned year. In the same period, BTC could reach a low of $465,154.42. Based on CoinGape predictions, the average price of BTC in 2050 is between $2.9 million and $3.3 million.
Investors should note that these long-term predictions can change and, hence, should be taken with a grain of salt.
Bitcoin Technical Analysis: Breaching This Key Level Could Knock BTC to $90K
Since forming a local top on November 11 at $89,657, Bitcoin’s move to $100,000 and beyond has been in a rangebound movement. Using the volume profile indicator shows three key levels:
- Value Area High/Low (VAH/L) at $99,690 and $90,924, respectively.
- Point of Control (POC) at $98,000.
So far Bitcoin has bounced from the VAH at $99,690, but how far this recovery goes is the question investors need to be asking. A lack of buying pressure that leads to a breakdown of the $99,690 with high volume spike will signal the start of a bearish outlook. In such a case, Bitcoin price could revisit $90,924 after the POC at $98,000 is breached.
Hence, the chances of BTC revisiting $90K is present, but not confirmed until the $99,690 barrier is breached. With the weekend approaching this outlook seems plausible.
On the other hand, if Bitcoin bounces off the $99,690 and sets up a higher high above the current ATH of $104,698, it would signal the continuation of the uptrend. In such a case, investors can expect a higher low to propel BTC to the next target of $111,850.
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Bitcoin (BTC) price today trades at $97,072.0 on 11 AM. BTC price hit a daily high of $97,086.0 today after a 2.11% move on November 29.
Why Bitcoin Price Today Is Rising?
As mentioned, Bitcoin price today is up 2.11% after BTC crashed 8.88% and currently auctions around $97,072.0. Despite the recent drop, BTC shows signs of recovery and trades around $97,072.0. Many were seen preemptively celebrating Bitcoin hitting $100,000 on Friday, but the recent crash has revealed that BTC has other plans. Regardless, one thing is clear – investors are eager to see Bitcoin cross the historic six-digit level. While some altcoins are shooting up, most are waiting for BTC to cool off.
From the looks of it, Bitcoin price looks ready to recover and is showing signs of forming a local bottom.
*bitcoin price updated as of 11 AM.
Value of BTC trades at $97,072.0, bringing the year-to-date gain from 56% on October 20 to 120% as of November 29. The YTD performance has slumped due to the recent BTC crash. Although many altcoins have shot up over triple digits, Bitcoin is catching up. Ethereum price’s YTD performance is lackluster, stands at 45%, and is well below BTC.
Although Bitcoin is the largest cryptocurrency by market capitalization, Bitcoin’s popularity is due to its first-mover advantage and its being a secure, decentralized network. In addition, many narratives, like digital gold, inflation hedges, and uncorrelated assets, have kept BTC at the forefront of the crypto market since its inception in 2009.
BTC Price to Finish 2024 on Bullish Note
Industry veterans’ speculation of a bull run post-US elections was right, and Bitcoin is likely to end November 2024 on a positive note. Many even expect a six-digit target for BTC by the end of November, and this is due to the historical returns. History shows that Bitcoin has always performed massively in the fourth quarter.
With that said, if Bitcoin price hits a new ATH in November or December, Bitcoin’s market capitalization, which stands at $1,921.0 billion, could finally hit the $2 trillion mark.
Bitcoin’s Market Capitalization
While Bitcoin’s market cap hovers around $1,921.0 billion, with Ethereum, the duo controls nearly 65% of the total cryptocurrency market capitalization. Despite the seven-month consolidation, Bitcoin’s $1.93 trillion market cap remains strong, anticipating it reaching $2 trillion before 2025.
BTC: A composition of 24-hour Trading Volume
Being the top crypto has its benefits; more people tend to flock toward the asset. Likewise, BTC’s 24-hour trading volume stands at $43.3 billion. Binance, one of the largest cryptocurrency exchanges, contributes a major portion of this volume. Binance’s share of BTC’s 24-hour trading volume comprises spot and perpetuals trading. While spot volume hovers around 11%, perpetual volume is 41%. Exchanges like OKX, Bitget, etc, follow Binance.
Key Bitcoin Blockchain Updates
With a market cap of $1.93 trillion, it is necessary for the network to remain secure, decentralized, and scalable. This is possible by upgrading the Bitcoin network regularly.
Here are some notable upgrades the Bitcoin network has received or planned to receive since its inception in 2009.
Bitcoin Network Upgrades Since 2009
Here are some key milestone upgrades to the Bitcoin network over the past decade.
2020-2024:
- Taproot Upgrade (2021): Improved Bitcoin’s smart contract functionality, allowing for more complex transactions and enhanced privacy.Muir Glacier Upgrade (2020): Delayed the “ice age” that would have slowed down the network, ensuring the continued smooth operation of Bitcoin.
2017-2019:
- Segregated Witness (SegWit) Upgrade (2017): Increased the block size limit, allowing for more transactions to be processed on the network, and improved the overall scalability of Bitcoin.
- Schnorr/Tapscript Upgrade (proposed): Aims to further improve the efficiency and scalability of Bitcoin transactions, but has not yet been activated.
- SegWit2x (canceled): A proposed upgrade that aimed to increase the block size limit, but was ultimately canceled due to lack of consensus.
2015-2016:
- Bitcoin Core 0.12.0 Upgrade (2016): Introduced several improvements, including better wallet management and enhanced security features.
- BIP66 Upgrade (2015): Standardized the way Bitcoin transactions are verified, improving the overall security and reliability of the network.
2013-2014:
- Bitcoin Core 0.9.0 Upgrade (2014): Introduced a new wallet format and improved the overall performance of the Bitcoin client.
- BIP0016 Upgrade (2013): Enabled the use of payment protocol, allowing for more efficient and secure transactions.
2010-2012:
- Pay-to-Script-Hash (P2SH) Upgrade (2012): Introduced a new type of transaction that allows for more complex payment scenarios, improving the overall flexibility of the Bitcoin network.
- Bitcoin Core 0.6.0 Upgrade (2011): Introduced several improvements, including better wallet management and enhanced security features.
2009-2010:
- Bitcoin Core 0.3.0 Upgrade (2009): One of the earliest upgrades to the Bitcoin network, introducing several key features and improvements.
Bitcoin Price Outlook For Next Month
| Date | Price | Change |
|---|---|---|
| November 28, 2024 | 93389.76 | -1.19% |
| November 29, 2024 | 98345.11 | 4.05% |
| November 30, 2024 | 100968.57 | 6.82% |
| December 01, 2024 | 101996.51 | 7.91% |
| December 02, 2024 | 102039.15 | 7.96% |
| December 03, 2024 | 101579.68 | 7.47% |
| December 04, 2024 | 101436.32 | 7.32% |
| December 05, 2024 | 101756.89 | 7.66% |
| December 06, 2024 | 102041.57 | 7.96% |
| December 07, 2024 | 102241.71 | 8.17% |
| December 08, 2024 | 102804.90 | 8.77% |
| December 09, 2024 | 103555.32 | 9.56% |
| December 10, 2024 | 103240.45 | 9.23% |
| December 11, 2024 | 103724.74 | 9.74% |
| December 12, 2024 | 105169.79 | 11.27% |
| December 13, 2024 | 105746.02 | 11.88% |
| December 14, 2024 | 104974.04 | 11.06% |
| December 15, 2024 | 104262.32 | 10.31% |
| December 16, 2024 | 103953.89 | 9.98% |
| December 17, 2024 | 103545.66 | 9.55% |
| December 18, 2024 | 101488.52 | 7.37% |
| December 19, 2024 | 101490.63 | 7.38% |
| December 20, 2024 | 102810.57 | 8.77% |
| December 21, 2024 | 104782.90 | 10.86% |
| December 22, 2024 | 106926.06 | 13.13% |
| December 23, 2024 | 108984.99 | 15.3% |
| December 24, 2024 | 109125.74 | 15.45% |
| December 25, 2024 | 109100.53 | 15.43% |
| December 26, 2024 | 109304.37 | 15.64% |
| December 27, 2024 | 109684.95 | 16.05% |
Based on Coingape’s Bitcoin price prediction, investors can expect a double-digit rally that leads to a peak of $110,724 in the coming month. While there may be a brief correction, BTC’s trend remains bullish. Bitcoin Price Forecast Between 2025 and 2029
Bitcoin Price Outlook Between 2025 & 2029
| January | $108,808.42 | $108,872.16 | $108,840.29 | 75.1% |
| February | $108,068.85 | $108,059.37 | $108,064.11 | 73.8% |
| March | $107,329.28 | $107,246.58 | $107,287.93 | 72.6% |
| April | $106,589.71 | $106,433.79 | $106,511.75 | 71.3% |
| May | $105,850.14 | $105,621 | $105,735.57 | 70.1% |
| June | $105,110.58 | $104,808.21 | $104,959.40 | 68.8% |
| July | $104,371.01 | $103,995.42 | $104,183.22 | 67.6% |
| August | $103,631.44 | $103,182.63 | $103,407.04 | 66.3% |
| September | $102,891.87 | $102,369.84 | $102,630.86 | 65.1% |
| October | $102,152.30 | $101,557.05 | $101,854.68 | 63.8% |
| November | $101,412.73 | $100,744.26 | $101,078.50 | 62.6% |
| December | $100,673.16 | $99,931.47 | $100,302.32 | 61.3% |
| All Time | $104,740.79 | $104,401.82 | $104,571.31 | 68.2% |
| January | $103,446.81 | $103,168.85 | $105,565.79 | 69.8% |
| February | $106,220.47 | $106,406.23 | $110,829.27 | 78.3% |
| March | $108,994.12 | $109,643.60 | $116,092.74 | 86.7% |
| April | $111,767.77 | $112,880.98 | $121,356.21 | 95.2% |
| May | $114,541.43 | $116,118.36 | $126,619.69 | 103.7% |
| June | $117,315.08 | $119,355.74 | $131,883.16 | 112.1% |
| July | $120,088.73 | $122,593.11 | $137,146.63 | 120.6% |
| August | $122,862.39 | $125,830.49 | $142,410.11 | 129.1% |
| September | $125,636.04 | $129,067.87 | $147,673.58 | 137.5% |
| October | $128,409.69 | $132,305.25 | $152,937.05 | 146% |
| November | $131,183.35 | $135,542.62 | $158,200.53 | 154.5% |
| December | $133,957 | $138,780 | $163,464 | 162.9% |
| All Time | $118,701.91 | $120,974.42 | $134,514.90 | 116.4% |
| January | $139,801.17 | $144,684.75 | $169,276.92 | 172.3% |
| February | $145,645.33 | $150,589.50 | $175,089.83 | 181.6% |
| March | $151,489.50 | $156,494.25 | $180,902.75 | 191% |
| April | $157,333.67 | $162,399 | $186,715.67 | 200.3% |
| May | $163,177.83 | $168,303.75 | $192,528.58 | 209.7% |
| June | $169,022 | $174,208.50 | $198,341.50 | 219% |
| July | $174,866.17 | $180,113.25 | $204,154.42 | 228.4% |
| August | $180,710.33 | $186,018 | $209,967.33 | 237.7% |
| September | $186,554.50 | $191,922.75 | $215,780.25 | 247.1% |
| October | $192,398.67 | $197,827.50 | $221,593.17 | 256.4% |
| November | $198,242.83 | $203,732.25 | $227,406.08 | 265.8% |
| December | $204,087 | $209,637 | $233,219 | 275.1% |
| All Time | $171,944.08 | $177,160.88 | $201,247.96 | 223.7% |
| January | $212,511.67 | $218,298 | $243,655 | 291.9% |
| February | $220,936.33 | $226,959 | $254,091 | 308.7% |
| March | $229,361 | $235,620 | $264,527 | 325.5% |
| April | $237,785.67 | $244,281 | $274,963 | 342.3% |
| May | $246,210.33 | $252,942 | $285,399 | 359% |
| June | $254,635 | $261,603 | $295,835 | 375.8% |
| July | $263,059.67 | $270,264 | $306,271 | 392.6% |
| August | $271,484.33 | $278,925 | $316,707 | 409.4% |
| September | $279,909 | $287,586 | $327,143 | 426.2% |
| October | $288,333.67 | $296,247 | $337,579 | 443% |
| November | $296,758.33 | $304,908 | $348,015 | 459.8% |
| December | $305,183 | $313,569 | $358,451 | 476.5% |
| All Time | $258,847.33 | $265,933.50 | $301,053 | 384.2% |
| January | $317,150.58 | $326,144.33 | $372,391.92 | 499% |
| February | $329,118.17 | $338,719.67 | $386,332.83 | 521.4% |
| March | $341,085.75 | $351,295 | $400,273.75 | 543.8% |
| April | $353,053.33 | $363,870.33 | $414,214.67 | 566.2% |
| May | $365,020.92 | $376,445.67 | $428,155.58 | 588.7% |
| June | $376,988.50 | $389,021 | $442,096.50 | 611.1% |
| July | $388,956.08 | $401,596.33 | $456,037.42 | 633.5% |
| August | $400,923.67 | $414,171.67 | $469,978.33 | 655.9% |
| September | $412,891.25 | $426,747 | $483,919.25 | 678.4% |
| October | $424,858.83 | $439,322.33 | $497,860.17 | 700.8% |
| November | $436,826.42 | $451,897.67 | $511,801.08 | 723.2% |
| December | $448,794 | $464,473 | $525,742 | 745.6% |
| All Time | $382,972.29 | $395,308.67 | $449,066.96 | 622.3% |
In the next year, aka 2025, Bitcoin price is likely to stay well above the six-digit territory and shows no signs of correction below it. Coingape’s Bitcoin price prediction data reveals a peak of $104,280.26 in February 2025.
Bitcoin Price Prediction between 2030 and 2050
2030
2031
2032
2033
2040
2050
| January | $465,154.42 | $481,462.17 | $546,469.67 | 779% |
| February | $481,514.83 | $498,451.33 | $567,197.33 | 812.3% |
| March | $497,875.25 | $515,440.50 | $587,925 | 845.6% |
| April | $514,235.67 | $532,429.67 | $608,652.67 | 879% |
| May | $530,596.08 | $549,418.83 | $629,380.33 | 912.3% |
| June | $546,956.50 | $566,408 | $650,108 | 945.7% |
| July | $563,316.92 | $583,397.17 | $670,835.67 | 979% |
| August | $579,677.33 | $600,386.33 | $691,563.33 | 1012.3% |
| September | $596,037.75 | $617,375.50 | $712,291 | 1045.7% |
| October | $612,398.17 | $634,364.67 | $733,018.67 | 1079% |
| November | $628,758.58 | $651,353.83 | $753,746.33 | 1112.4% |
| December | $645,119 | $668,343 | $774,474 | 1145.7% |
| All Time | $555,136.71 | $574,902.58 | $660,471.83 | 962.3% |
| January | $667,167.08 | $691,240.58 | $802,526.58 | 1190.8% |
| February | $689,215.17 | $714,138.17 | $830,579.17 | 1235.9% |
| March | $711,263.25 | $737,035.75 | $858,631.75 | 1281.1% |
| April | $733,311.33 | $759,933.33 | $886,684.33 | 1326.2% |
| May | $755,359.42 | $782,830.92 | $914,736.92 | 1371.3% |
| June | $777,407.50 | $805,728.50 | $942,789.50 | 1416.4% |
| July | $799,455.58 | $828,626.08 | $970,842.08 | 1461.5% |
| August | $821,503.67 | $851,523.67 | $998,894.67 | 1506.7% |
| September | $843,551.75 | $874,421.25 | $1,026,947.25 | 1551.8% |
| October | $865,599.83 | $897,318.83 | $1,054,999.83 | 1596.9% |
| November | $887,647.92 | $920,216.42 | $1,083,052.42 | 1642% |
| December | $909,696 | $943,114 | $1,111,105 | 1687.1% |
| All Time | $788,431.54 | $817,177.29 | $956,815.79 | 1439% |
| January | $946,061.92 | $979,838.83 | $1,150,786.08 | 1751% |
| February | $982,427.83 | $1,016,563.67 | $1,190,467.17 | 1814.8% |
| March | $1,018,793.75 | $1,053,288.50 | $1,230,148.25 | 1878.6% |
| April | $1,055,159.67 | $1,090,013.33 | $1,269,829.33 | 1942.4% |
| May | $1,091,525.58 | $1,126,738.17 | $1,309,510.42 | 2006.3% |
| June | $1,127,891.50 | $1,163,463 | $1,349,191.50 | 2070.1% |
| July | $1,164,257.42 | $1,200,187.83 | $1,388,872.58 | 2133.9% |
| August | $1,200,623.33 | $1,236,912.67 | $1,428,553.67 | 2197.7% |
| September | $1,236,989.25 | $1,273,637.50 | $1,468,234.75 | 2261.6% |
| October | $1,273,355.17 | $1,310,362.33 | $1,507,915.83 | 2325.4% |
| November | $1,309,721.08 | $1,347,087.17 | $1,547,596.92 | 2389.2% |
| December | $1,346,087 | $1,383,812 | $1,587,278 | 2453% |
| All Time | $1,146,074.46 | $1,181,825.42 | $1,369,032.04 | 2102% |
| January | $1,387,378.67 | $1,426,572.58 | $1,647,465.92 | 2549.9% |
| February | $1,428,670.33 | $1,469,333.17 | $1,707,653.83 | 2646.7% |
| March | $1,469,962 | $1,512,093.75 | $1,767,841.75 | 2743.5% |
| April | $1,511,253.67 | $1,554,854.33 | $1,828,029.67 | 2840.3% |
| May | $1,552,545.33 | $1,597,614.92 | $1,888,217.58 | 2937.1% |
| June | $1,593,837 | $1,640,375.50 | $1,948,405.50 | 3033.9% |
| July | $1,635,128.67 | $1,683,136.08 | $2,008,593.42 | 3130.7% |
| August | $1,676,420.33 | $1,725,896.67 | $2,068,781.33 | 3227.5% |
| September | $1,717,712 | $1,768,657.25 | $2,128,969.25 | 3324.3% |
| October | $1,759,003.67 | $1,811,417.83 | $2,189,157.17 | 3421.1% |
| November | $1,800,295.33 | $1,854,178.42 | $2,249,345.08 | 3517.9% |
| December | $1,841,587 | $1,896,939 | $2,309,533 | 3614.7% |
| All Time | $1,614,482.83 | $1,661,755.79 | $1,978,499.46 | 3082.3% |
| January | $1,912,592.58 | $1,975,978.17 | $2,362,093.25 | 3699.3% |
| February | $1,983,598.17 | $2,055,017.33 | $2,414,653.50 | 3783.8% |
| March | $2,054,603.75 | $2,134,056.50 | $2,467,213.75 | 3868.4% |
| April | $2,125,609.33 | $2,213,095.67 | $2,519,774 | 3952.9% |
| May | $2,196,614.92 | $2,292,134.83 | $2,572,334.25 | 4037.4% |
| June | $2,267,620.50 | $2,371,174 | $2,624,894.50 | 4122% |
| July | $2,338,626.08 | $2,450,213.17 | $2,677,454.75 | 4206.5% |
| August | $2,409,631.67 | $2,529,252.33 | $2,730,015 | 4291.1% |
| September | $2,480,637.25 | $2,608,291.50 | $2,782,575.25 | 4375.6% |
| October | $2,551,642.83 | $2,687,330.67 | $2,835,135.50 | 4460.1% |
| November | $2,622,648.42 | $2,766,369.83 | $2,887,695.75 | 4544.7% |
| December | $2,693,654 | $2,845,409 | $2,940,256 | 4629.2% |
| All Time | $2,303,123.29 | $2,410,693.58 | $2,651,174.63 | 4164.3% |
| January | $2,753,723.75 | $2,916,544.25 | $3,019,295.17 | 4756.4% |
| February | $2,813,793.50 | $2,987,679.50 | $3,098,334.33 | 4883.5% |
| March | $2,873,863.25 | $3,058,814.75 | $3,177,373.50 | 5010.6% |
| April | $2,933,933 | $3,129,950 | $3,256,412.67 | 5137.7% |
| May | $2,994,002.75 | $3,201,085.25 | $3,335,451.83 | 5264.9% |
| June | $3,054,072.50 | $3,272,220.50 | $3,414,491 | 5392% |
| July | $3,114,142.25 | $3,343,355.75 | $3,493,530.17 | 5519.1% |
| August | $3,174,212 | $3,414,491 | $3,572,569.33 | 5646.3% |
| September | $3,234,281.75 | $3,485,626.25 | $3,651,608.50 | 5773.4% |
| October | $3,294,351.50 | $3,556,761.50 | $3,730,647.67 | 5900.5% |
| November | $3,354,421.25 | $3,627,896.75 | $3,809,686.83 | 6027.7% |
| December | $3,414,491 | $3,699,032 | $3,888,726 | 6154.8% |
| All Time | $3,084,107.38 | $3,307,788.13 | $3,454,010.58 | 5455.6% |
Roughly five years from now, aka 2030, Bitcoin’s price will see an explosion to the upside, with an all-time high of $774,474 in the aforementioned year. In the same period, BTC could reach a low of $465,154.42. Based on CoinGape predictions, the average price of BTC in 2050 is between $2.9 million and $3.3 million.
Investors should note that these long-term predictions can change and, hence, should be taken with a grain of salt.
Bitcoin Price Analysis: BTC Likely to Hit $200,000
The short-term Bitcoin price chart, like 1-hour, 1-day, shows noise. Charles Edward of Capirole Fund illustrated this in his recent X post. In this tweet, Edward suggested that Bitcoin’s monthly chart has a massive upside potential. According to his thesis, a monthly candlestick close above the previous all-time high (ATH) often leads to four-to-seven-month consecutive up-close monthly candlesticks. This bullish thesis makes sense despite the limited data, considering that BTC consolidated for seven months.
According to Edwards, Bitcoin is “just warming up,” and “at least 4 massive monthly candles” could follow.
Supporting this outlook and showcasing that the bull run has just begun is the Google Trends result for the “Crypto” keyword. The search volume for crypto is just above the March 2024 levels, which is well below the 2021 peak.
With retail investors yet to arrive, Bitcoin forecasting at least four bullish monthly candlesticks suggests that $100,000 is just the beginning. During peak bull run, BTC could hit $200,000. This cycle top could form around October 2025, as the Mars Vesta Bitcoin cycle thesis noted.
To add more credence to this outlook, Charles Edwards notes how Gold’s market capitalization increased by $3.8 trillion in just 16 weeks. Comparing Gold’s massive uptick with Bitcoin, Edwards added, “It wouldn’t be surprising to see $200K Bitcoin in 4-12 weeks.”
The founder of Capriole Fund goes on to note that this target is contingent on Bitcoin price producing “a strong $100K breakout.” To conclude, Edwards compares how Bitcoin is superior to Gold in aspects like liquidity, and fungibility and how BTC is a divisible asset that trades 24/7.
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