Bitcoin Price Today: Alt Season Talks Gain Traction, BTC Ranges

Discover why Bitcoin price rangebound movement is attracting alt season talks. Will BTC consolidate or shoot up to $100k?
By Akash Girimath
December 4, 2024 | Updated December 4, 2024
Bitcoin Price Is Up 0.56% Today as US Treasury Secretary Says BTC's Becoming Store of Value

Highlights

  • Bitcoin price today is up 1% but the outlook might change quickly.
  • According to speculators, the sideways movement in BTC could catalyze an alt season.
  • A breakdown of $90k could trigger a double-digit crash.

With Bitcoin (BTC) price today hovering around $99,086.0 on 11 PM, the talks of alt season or altcoin season has picked up steam. BTC price hit a daily high of $99,330.0 today after a 3.22% move on September 27.

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Bitcoin Price Today: Will BTC’s Range Kickstart Alt Season?

Although the mood was dampened yesterday due to the US Government’s $2 billion BTC transfer, the outlooks on Wednesday has improved. Regardless, BTC continues its rangebound movement. Bitcoin price today is up 3.22%  and trades at $99,086.0. The recent downtrend hints that BTC has not yet found a stable support level to bounce from, but it could change quickly.

Regardless, the steady downtrend has increased the distance between BTC and $100k, highlighting the case of crypto volatility. Will Bitcoin price today recover or continue its descent?

*bitcoin price updated as of 11 PM.

Value of BTC trades at $99,086.0, bringing the year-to-date gain from 56% on October 20 to 120% as of September 27. 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.

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Bitcoin to End 2024 on Positive 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.

Historical Bitcoin Price Performance
Historical Bitcoin Price Performance

With that said, if Bitcoin price hits a new ATH in November or December, Bitcoin’s market capitalization, which stands at $1,960.9 billion, could finally hit the $2 trillion mark.

Bitcoin’s Market Capitalization

While Bitcoin’s market cap hovers around $1,960.9 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 $107.0 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.

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Key Bitcoin 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.

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.
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Bitcoin Price Forecast For The Next Month

Date Price Change
September 26, 2025112133.070.94%
September 27, 2025114409.262.99%
September 28, 2025116865.905.2%
September 29, 2025120044.328.06%
September 30, 2025122888.2610.62%
October 01, 2025125230.4612.73%
October 02, 2025125643.3213.1%
October 03, 2025124769.9512.32%
October 04, 2025123370.8011.06%
October 05, 2025121840.219.68%
October 06, 2025122282.3610.08%
October 07, 2025122798.2710.54%
October 08, 2025123609.2411.27%
October 09, 2025124050.8911.67%
October 10, 2025123938.5911.57%
October 11, 2025123626.5411.29%
October 12, 2025123181.3310.89%
October 13, 2025122791.7510.54%
October 14, 2025122416.0810.2%
October 15, 2025122453.4910.23%
October 16, 2025122066.919.89%
October 17, 2025119984.388.01%
October 18, 2025118503.846.68%
October 19, 2025117926.276.16%
October 20, 2025117479.165.76%
October 21, 2025117119.015.43%
October 22, 2025116083.914.5%
October 23, 2025114880.073.42%
October 24, 2025115548.764.02%
October 25, 2025116101.924.52%

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

2025
2026
2027
2028
2029
Month Minimum Price Average Price Maximum Price Potential ROI
January $112,122.17 $123,500.47 $117,811.33 6.4%
February $111,048.77 $121,357.63 $116,203.20 4.9%
March $109,975.38 $119,214.78 $114,595.08 3.5%
April $108,901.98 $117,071.93 $112,986.96 2%
May $107,828.58 $114,929.08 $111,378.83 0.57%
June $106,755.18 $112,786.24 $109,770.71 -0.9%
July $105,681.78 $110,643.39 $108,162.59 -2.3%
August $104,608.38 $108,500.54 $106,554.46 -3.8%
September $103,534.99 $106,357.69 $104,946.34 -5.2%
October $102,461.59 $104,214.85 $103,338.22 -6.7%
November $101,388.19 $102,072 $101,730.09 -8.1%
December $100,314.79 $99,929.15 $100,121.97 -9.6%
All Time $106,218.48 $111,714.81 $108,966.65 -1.6%
Month Minimum Price Average Price Maximum Price Potential ROI
January $115,006.06 $115,279.55 $118,300.31 6.8%
February $129,697.33 $130,629.96 $136,478.64 23.2%
March $144,388.59 $145,980.36 $154,656.98 39.7%
April $159,079.86 $161,330.77 $172,835.31 56.1%
May $173,771.13 $176,681.17 $191,013.65 72.5%
June $188,462.40 $192,031.58 $209,191.99 88.9%
July $203,153.66 $207,381.98 $227,370.32 105.3%
August $217,844.93 $222,732.38 $245,548.66 121.7%
September $232,536.20 $238,082.79 $263,726.99 138.1%
October $247,227.47 $253,433.19 $281,905.33 154.6%
November $261,918.73 $268,783.60 $300,083.66 171%
December $276,610 $284,134 $318,262 187.4%
All Time $195,808.03 $199,706.78 $218,281.15 97.1%
Month Minimum Price Average Price Maximum Price Potential ROI
January $288,031.92 $295,876.08 $331,980.67 199.8%
February $299,453.83 $307,618.17 $345,699.33 212.2%
March $310,875.75 $319,360.25 $359,418 224.6%
April $322,297.67 $331,102.33 $373,136.67 236.9%
May $333,719.58 $342,844.42 $386,855.33 249.3%
June $345,141.50 $354,586.50 $400,574 261.7%
July $356,563.42 $366,328.58 $414,292.67 274.1%
August $367,985.33 $378,070.67 $428,011.33 286.5%
September $379,407.25 $389,812.75 $441,730 298.9%
October $390,829.17 $401,554.83 $455,448.67 311.3%
November $402,251.08 $413,296.92 $469,167.33 323.7%
December $413,673 $425,039 $482,886 336%
All Time $350,852.46 $360,457.54 $407,433.33 267.9%
Month Minimum Price Average Price Maximum Price Potential ROI
January $429,904.75 $442,094.58 $502,406.67 353.7%
February $446,136.50 $459,150.17 $521,927.33 371.3%
March $462,368.25 $476,205.75 $541,448 388.9%
April $478,600 $493,261.33 $560,968.67 406.6%
May $494,831.75 $510,316.92 $580,489.33 424.2%
June $511,063.50 $527,372.50 $600,010 441.8%
July $527,295.25 $544,428.08 $619,530.67 459.4%
August $543,527 $561,483.67 $639,051.33 477.1%
September $559,758.75 $578,539.25 $658,572 494.7%
October $575,990.50 $595,594.83 $678,092.67 512.3%
November $592,222.25 $612,650.42 $697,613.33 529.9%
December $608,454 $629,706 $717,134 547.6%
All Time $519,179.38 $535,900.29 $609,770.33 450.6%
Month Minimum Price Average Price Maximum Price Potential ROI
January $629,182.08 $651,286.83 $746,570.67 574.1%
February $649,910.17 $672,867.67 $776,007.33 600.7%
March $670,638.25 $694,448.50 $805,444 627.3%
April $691,366.33 $716,029.33 $834,880.67 653.9%
May $712,094.42 $737,610.17 $864,317.33 680.5%
June $732,822.50 $759,191 $893,754 707.1%
July $753,550.58 $780,771.83 $923,190.67 733.6%
August $774,278.67 $802,352.67 $952,627.33 760.2%
September $795,006.75 $823,933.50 $982,064 786.8%
October $815,734.83 $845,514.33 $1,011,500.67 813.4%
November $836,462.92 $867,095.17 $1,040,937.33 840%
December $857,191 $888,676 $1,070,374 866.5%
All Time $743,186.54 $769,981.42 $908,472.33 720.3%

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
Month Minimum Price Average Price Maximum Price Potential ROI
January $891,437.08 $923,260.58 $1,106,591.50 899.2%
February $925,683.17 $957,845.17 $1,142,809 931.9%
March $959,929.25 $992,429.75 $1,179,026.50 964.7%
April $994,175.33 $1,027,014.33 $1,215,244 997.4%
May $1,028,421.42 $1,061,598.92 $1,251,461.50 1030.1%
June $1,062,667.50 $1,096,183.50 $1,287,679 1062.8%
July $1,096,913.58 $1,130,768.08 $1,323,896.50 1095.5%
August $1,131,159.67 $1,165,352.67 $1,360,114 1128.2%
September $1,165,405.75 $1,199,937.25 $1,396,331.50 1160.9%
October $1,199,651.83 $1,234,521.83 $1,432,549 1193.6%
November $1,233,897.92 $1,269,106.42 $1,468,766.50 1226.3%
December $1,268,144 $1,303,691 $1,504,984 1259%
All Time $1,079,790.54 $1,113,475.79 $1,305,787.75 1079.1%
Month Minimum Price Average Price Maximum Price Potential ROI
January $1,312,942.92 $1,349,873.33 $1,560,890.75 1309.5%
February $1,357,741.83 $1,396,055.67 $1,616,797.50 1360%
March $1,402,540.75 $1,442,238 $1,672,704.25 1410.4%
April $1,447,339.67 $1,488,420.33 $1,728,611 1460.9%
May $1,492,138.58 $1,534,602.67 $1,784,517.75 1511.4%
June $1,536,937.50 $1,580,785 $1,840,424.50 1561.9%
July $1,581,736.42 $1,626,967.33 $1,896,331.25 1612.4%
August $1,626,535.33 $1,673,149.67 $1,952,238 1662.9%
September $1,671,334.25 $1,719,332 $2,008,144.75 1713.3%
October $1,716,133.17 $1,765,514.33 $2,064,051.50 1763.8%
November $1,760,932.08 $1,811,696.67 $2,119,958.25 1814.3%
December $1,805,731 $1,857,879 $2,175,865 1864.8%
All Time $1,559,336.96 $1,603,876.17 $1,868,377.88 1587.1%
Month Minimum Price Average Price Maximum Price Potential ROI
January $1,880,662 $1,934,657.25 $2,253,574.67 1935%
February $1,955,593 $2,011,435.50 $2,331,284.33 2005.1%
March $2,030,524 $2,088,213.75 $2,408,994 2075.3%
April $2,105,455 $2,164,992 $2,486,703.67 2145.5%
May $2,180,386 $2,241,770.25 $2,564,413.33 2215.6%
June $2,255,317 $2,318,548.50 $2,642,123 2285.8%
July $2,330,248 $2,395,326.75 $2,719,832.67 2356%
August $2,405,179 $2,472,105 $2,797,542.33 2426.2%
September $2,480,110 $2,548,883.25 $2,875,252 2496.3%
October $2,555,041 $2,625,661.50 $2,952,961.67 2566.5%
November $2,629,972 $2,702,439.75 $3,030,671.33 2636.7%
December $2,704,903 $2,779,218 $3,108,381 2706.8%
All Time $2,292,782.50 $2,356,937.63 $2,680,977.83 2320.9%
Month Minimum Price Average Price Maximum Price Potential ROI
January $2,814,369.17 $2,894,071.33 $3,244,807.33 2830%
February $2,923,835.33 $3,008,924.67 $3,381,233.67 2953.2%
March $3,033,301.50 $3,123,778 $3,517,660 3076.4%
April $3,142,767.67 $3,238,631.33 $3,654,086.33 3199.6%
May $3,252,233.83 $3,353,484.67 $3,790,512.67 3322.8%
June $3,361,700 $3,468,338 $3,926,939 3446%
July $3,471,166.17 $3,583,191.33 $4,063,365.33 3569.2%
August $3,580,632.33 $3,698,044.67 $4,199,791.67 3692.4%
September $3,690,098.50 $3,812,898 $4,336,218 3815.6%
October $3,799,564.67 $3,927,751.33 $4,472,644.33 3938.8%
November $3,909,030.83 $4,042,604.67 $4,609,070.67 4062%
December $4,018,497 $4,157,458 $4,745,497 4185.1%
All Time $3,416,433.08 $3,525,764.67 $3,995,152.17 3507.6%
Month Minimum Price Average Price Maximum Price Potential ROI
January $4,182,517.25 $4,351,472.75 $4,935,547.58 4356.8%
February $4,346,537.50 $4,545,487.50 $5,125,598.17 4528.4%
March $4,510,557.75 $4,739,502.25 $5,315,648.75 4700%
April $4,674,578 $4,933,517 $5,505,699.33 4871.6%
May $4,838,598.25 $5,127,531.75 $5,695,749.92 5043.2%
June $5,002,618.50 $5,321,546.50 $5,885,800.50 5214.8%
July $5,166,638.75 $5,515,561.25 $6,075,851.08 5386.4%
August $5,330,659 $5,709,576 $6,265,901.67 5558.1%
September $5,494,679.25 $5,903,590.75 $6,455,952.25 5729.7%
October $5,658,699.50 $6,097,605.50 $6,646,002.83 5901.3%
November $5,822,719.75 $6,291,620.25 $6,836,053.42 6072.9%
December $5,986,740 $6,485,635 $7,026,104 6244.5%
All Time $5,084,628.63 $5,418,553.88 $5,980,825.79 5300.6%
Month Minimum Price Average Price Maximum Price Potential ROI
January $6,142,644.67 $6,634,610.58 $7,171,615.08 6375.9%
February $6,298,549.33 $6,783,586.17 $7,317,126.17 6507.3%
March $6,454,454 $6,932,561.75 $7,462,637.25 6638.7%
April $6,610,358.67 $7,081,537.33 $7,608,148.33 6770.1%
May $6,766,263.33 $7,230,512.92 $7,753,659.42 6901.5%
June $6,922,168 $7,379,488.50 $7,899,170.50 7032.9%
July $7,078,072.67 $7,528,464.08 $8,044,681.58 7164.3%
August $7,233,977.33 $7,677,439.67 $8,190,192.67 7295.7%
September $7,389,882 $7,826,415.25 $8,335,703.75 7427.1%
October $7,545,786.67 $7,975,390.83 $8,481,214.83 7558.5%
November $7,701,691.33 $8,124,366.42 $8,626,725.92 7689.9%
December $7,857,596 $8,273,342 $8,772,237 7821.3%
All Time $7,000,120.33 $7,453,976.29 $7,971,926.04 7098.6%

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.

Can Bitcoin’s Rangebound Price Action Catalyze Alt Season?

Altcoin Season or Alt Season is when the altcoins start to shoot up with massive volatility. This is a phase of the bull cycle that begins as capital starts to rotate from top coins with relatively lower risk to higher risk cryptocurrencies. Typically, this happens after Bitcoin stops its volatile uptrend and consolidates. This causes the Bitcoin Dominance to drop, which is the market capitalization of BTC relative to the total cryptocurrency market capitalization. A drop in BTC dominance often signals capital rotation.

Charles Edwards of Capriole Fund posted on December 3, that the alt season has begun and that the “Bitcoin dominance” that hit a “multi-year resistance at 60%” is currently getting “rejected on the monthly” time frame.

Edwards added, “As long as this trend change holds, Alts will likely outperform in the near-term.”

Regardless of his optimism, Charles Edwards warns users that for the alt season to remain in full force, Bitcoin should remain “strong” around the $90,000 psychological level. A failure to do so that leads to a strong correction would trigger a substantial correction for altcoins.

To conclude, Edwards noted,

“I expect a BTC breakout (BTC > $100K) will suck the air out of alts short-term as capital flows back to the king and we witness $10K candles.”

Alt Season and Bitcoin Dominance
Alt Season and Bitcoin Dominance

Bitcoin Technical Analysis

Bitcoin’s momentum has stalled since November 10, leading to a slow consolidation. After hitting an all-time high (ATH) of $99,690, BTC has shed 8.88% and now trades at $99,086.0.

Key indicators that suggest a continuation of the downtrend:
  • The Relative Strength Index (RSI) has been declining since November 21 and remains below the 50 mean level.
  • The US government’s transfer of $1.9 billion BTC to Coinbase Exchange may add selling pressure.
Potential reversal levels to watch:
  • $94,455 (Monday’s low)
  • $92,625 (recently flipped support level)
  • $87,367 (key swing low)
A bounce from any of these levels could restart Bitcoin’s uptrend and lead to a retest of the $100,000 psychological level.
BTC/USDT 1-day chart
BTC/USDT 1-day chart

On the other hand, if Bitcoin flips the $90,000 psychological level into a resistance barrier, it will invalidate the bullish thesis and attract a massive selling pressure. In such a case, investors can expect a 12% crash to $77,074.

Akash Girimath
Senior Cryptocurrency Analyst & Market Strategist Engineer-turned-analyst Akash Girimath delivers data-driven insights on cryptocurrency markets, DeFi, and blockchain technology for platforms like AMBCrypto and FXStreet. Specializing in technical analysis, on-chain analytics, and risk management, he empowers institutional investors and retail traders to navigate market volatility and regulatory shifts. A hands-on strategist, Akash merges active crypto portfolio management with research on Web3, NFTs, and tokenomics. At AMBCrypto, he led cross-functional teams to redesign content frameworks, achieving record-breaking traffic growth through scalable editorial strategies. His analyses dissect market sentiment, investment strategies, and price predictions, blending macroeconomic trends with real-world trading expertise. Known for mentoring analysts and optimizing workflows for high-impact reporting, Akash’s work is cited across global crypto publications, reaching 500k+ monthly readers. Follow his insights on YouTube, X, and LinkedIn for cutting-edge perspectives on decentralized ecosystems and crypto innovation.
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.
Methodology

CoinGape prepared a review methodology to rate crypto exchanges, tools, and apps. We curated a list of metrics to evaluate crypto platforms based on their services, user experience, security and customer support, payment gateways and charges, pricing and promotions. Visit our Review Methodology page to learn more about how we review each crypto platform.

This content is purely for educational purposes and should not be considered as financial advice. Do your own research before investing in any crypto platform and only invest the amount you can afford to lose.