Sign Up on MEXC
DAILY NEWSLETTER
Your daily dose of Crypto news, Prices & other updates..
Highlights
Although there was a lot of enthusiasm when Bitcoin’s cleared $100K for the first time, it was brief. The December 5 crash knocked BTC to $90K and tirggered more than a billion US dollars worth of liquidation. But this one indicator showcases that the second attempt to overcome $100K will be massively bullish. Regardless, Bitcoin price today hovers around $100,171.0 on 11 PM after hitting a daily high of $100,537.0 today after a 0.24% move on September 7.
Bitcoin price crashed 13.53% between December 4 and 5, wiping out an excess of $1.5 billion worth of positions in just 19 hours. On December 5 alone, more than $1 billion worth of longs and short positions got wiped from the cryptocurrency market.
But why did Bitcoin suddenly dip below the historic $100,000 level, and will it recover? Let’s discover!
Meitu, dubbed as the chinese MicroStrategy, sold its crypto holdings, which led to the sudden drop in Bitcoin price on December 4. The Chinese selfie application operator sold 940 BTC and 31,000 ETH, realizing nearly $80 million in profits, the company’s Wednesday statement noted.
Bitcoin price today is up 0.24% and trades at $100,171.0.
*bitcoin price updated as of 11 PM.
Value of BTC trades at $100,171.0, bringing the year-to-date gain from 56% on October 20 to roughly 130% as of September 7. 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 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.
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 $1,983.6 billion, could finally hit the $2 trillion mark.
While Bitcoin’s market cap hovers around $1,983.6 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.
Being the top crypto has its benefits; more people tend to flock toward the asset. Likewise, BTC’s 24-hour trading volume stands at $61.2 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.
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.
Here are some key milestone upgrades to the Bitcoin network over the past decade.
2020-2024:
2017-2019:
2015-2016:
2013-2014:
2010-2012:
2009-2010:
| Date | Price | Change |
|---|---|---|
| September 06, 2025 | 112730.41 | -0.31% |
| September 07, 2025 | 114556.52 | 1.31% |
| September 08, 2025 | 116382.63 | 2.92% |
| September 09, 2025 | 118787.80 | 5.05% |
| September 10, 2025 | 121337.74 | 7.31% |
| September 11, 2025 | 123485.15 | 9.21% |
| September 12, 2025 | 125364.22 | 10.87% |
| September 13, 2025 | 126211.39 | 11.62% |
| September 14, 2025 | 125510.72 | 11% |
| September 15, 2025 | 124704.59 | 10.28% |
| September 16, 2025 | 123476.65 | 9.2% |
| September 17, 2025 | 122248.71 | 8.11% |
| September 18, 2025 | 122603.42 | 8.43% |
| September 19, 2025 | 122958.14 | 8.74% |
| September 20, 2025 | 123549.58 | 9.26% |
| September 21, 2025 | 124200.19 | 9.84% |
| September 22, 2025 | 124406.37 | 10.02% |
| September 23, 2025 | 124316.27 | 9.94% |
| September 24, 2025 | 124119.34 | 9.77% |
| September 25, 2025 | 123762.17 | 9.45% |
| September 26, 2025 | 123416.15 | 9.14% |
| September 27, 2025 | 123114.76 | 8.88% |
| September 28, 2025 | 122813.38 | 8.61% |
| September 29, 2025 | 122843.39 | 8.64% |
| September 30, 2025 | 122873.40 | 8.66% |
| October 01, 2025 | 121542.81 | 7.49% |
| October 02, 2025 | 119872.07 | 6.01% |
| October 03, 2025 | 118925.76 | 5.17% |
| October 04, 2025 | 118462.40 | 4.76% |
| October 05, 2025 | 118068.81 | 4.42% |
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
| Month | Minimum Price | Average Price | Maximum Price | Potential ROI |
|---|---|---|---|---|
| January | $106,602.21 | $124,023.87 | $115,313.05 | 2% |
| February | $106,021.79 | $121,836.36 | $113,929.08 | 0.79% |
| March | $105,441.36 | $119,648.84 | $112,545.11 | -0.4% |
| April | $104,860.94 | $117,461.32 | $111,161.13 | -1.7% |
| May | $104,280.51 | $115,273.80 | $109,777.16 | -2.9% |
| June | $103,700.09 | $113,086.29 | $108,393.19 | -4.1% |
| July | $103,119.66 | $110,898.77 | $107,009.22 | -5.3% |
| August | $102,539.23 | $108,711.25 | $105,625.25 | -6.6% |
| September | $101,958.81 | $106,523.73 | $104,241.28 | -7.8% |
| October | $101,378.38 | $104,336.22 | $102,857.30 | -9% |
| November | $100,797.96 | $102,148.70 | $101,473.33 | -10.2% |
| December | $100,217.53 | $99,961.18 | $100,089.36 | -11.5% |
| All Time | $103,409.87 | $111,992.53 | $107,701.20 | -4.7% |
| Month | Minimum Price | Average Price | Maximum Price | Potential ROI |
|---|---|---|---|---|
| January | $113,857.24 | $114,422.08 | $119,009.41 | 5.3% |
| February | $127,496.94 | $128,882.98 | $137,929.47 | 22% |
| March | $141,136.65 | $143,343.89 | $156,849.52 | 38.8% |
| April | $154,776.35 | $157,804.79 | $175,769.57 | 55.5% |
| May | $168,416.06 | $172,265.69 | $194,689.63 | 72.2% |
| June | $182,055.77 | $186,726.59 | $213,609.68 | 89% |
| July | $195,695.47 | $201,187.49 | $232,529.73 | 105.7% |
| August | $209,335.18 | $215,648.39 | $251,449.79 | 122.5% |
| September | $222,974.88 | $230,109.30 | $270,369.84 | 139.2% |
| October | $236,614.59 | $244,570.20 | $289,289.89 | 155.9% |
| November | $250,254.29 | $259,031.10 | $308,209.95 | 172.7% |
| December | $263,894 | $273,492 | $327,130 | 189.4% |
| All Time | $188,875.62 | $193,957.04 | $223,069.71 | 97.4% |
| Month | Minimum Price | Average Price | Maximum Price | Potential ROI |
|---|---|---|---|---|
| January | $273,464.33 | $283,174.17 | $337,898.92 | 198.9% |
| February | $283,034.67 | $292,856.33 | $348,667.83 | 208.5% |
| March | $292,605 | $302,538.50 | $359,436.75 | 218% |
| April | $302,175.33 | $312,220.67 | $370,205.67 | 227.5% |
| May | $311,745.67 | $321,902.83 | $380,974.58 | 237.1% |
| June | $321,316 | $331,585 | $391,743.50 | 246.6% |
| July | $330,886.33 | $341,267.17 | $402,512.42 | 256.1% |
| August | $340,456.67 | $350,949.33 | $413,281.33 | 265.6% |
| September | $350,027 | $360,631.50 | $424,050.25 | 275.2% |
| October | $359,597.33 | $370,313.67 | $434,819.17 | 284.7% |
| November | $369,167.67 | $379,995.83 | $445,588.08 | 294.2% |
| December | $378,738 | $389,678 | $456,357 | 303.7% |
| All Time | $326,101.17 | $336,426.08 | $397,127.96 | 251.3% |
| Month | Minimum Price | Average Price | Maximum Price | Potential ROI |
|---|---|---|---|---|
| January | $392,279.33 | $403,931.33 | $473,215.83 | 318.7% |
| February | $405,820.67 | $418,184.67 | $490,074.67 | 333.6% |
| March | $419,362 | $432,438 | $506,933.50 | 348.5% |
| April | $432,903.33 | $446,691.33 | $523,792.33 | 363.4% |
| May | $446,444.67 | $460,944.67 | $540,651.17 | 378.3% |
| June | $459,986 | $475,198 | $557,510 | 393.2% |
| July | $473,527.33 | $489,451.33 | $574,368.83 | 408.1% |
| August | $487,068.67 | $503,704.67 | $591,227.67 | 423.1% |
| September | $500,610 | $517,958 | $608,086.50 | 438% |
| October | $514,151.33 | $532,211.33 | $624,945.33 | 452.9% |
| November | $527,692.67 | $546,464.67 | $641,804.17 | 467.8% |
| December | $541,234 | $560,718 | $658,663 | 482.7% |
| All Time | $466,756.67 | $482,324.67 | $565,939.42 | 400.7% |
| Month | Minimum Price | Average Price | Maximum Price | Potential ROI |
|---|---|---|---|---|
| January | $560,378.08 | $580,574.75 | $682,716 | 504% |
| February | $579,522.17 | $600,431.50 | $706,769 | 525.3% |
| March | $598,666.25 | $620,288.25 | $730,822 | 546.6% |
| April | $617,810.33 | $640,145 | $754,875 | 567.8% |
| May | $636,954.42 | $660,001.75 | $778,928 | 589.1% |
| June | $656,098.50 | $679,858.50 | $802,981 | 610.4% |
| July | $675,242.58 | $699,715.25 | $827,034 | 631.7% |
| August | $694,386.67 | $719,572 | $851,087 | 653% |
| September | $713,530.75 | $739,428.75 | $875,140 | 674.2% |
| October | $732,674.83 | $759,285.50 | $899,193 | 695.5% |
| November | $751,818.92 | $779,142.25 | $923,246 | 716.8% |
| December | $770,963 | $798,999 | $947,299 | 738.1% |
| All Time | $665,670.54 | $689,786.88 | $815,007.50 | 621% |
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.
| Month | Minimum Price | Average Price | Maximum Price | Potential ROI |
|---|---|---|---|---|
| January | $801,749 | $830,112 | $982,981.50 | 769.6% |
| February | $832,535 | $861,225 | $1,018,664 | 801.2% |
| March | $863,321 | $892,338 | $1,054,346.50 | 832.8% |
| April | $894,107 | $923,451 | $1,090,029 | 864.4% |
| May | $924,893 | $954,564 | $1,125,711.50 | 895.9% |
| June | $955,679 | $985,677 | $1,161,394 | 927.5% |
| July | $986,465 | $1,016,790 | $1,197,076.50 | 959.1% |
| August | $1,017,251 | $1,047,903 | $1,232,759 | 990.6% |
| September | $1,048,037 | $1,079,016 | $1,268,441.50 | 1022.2% |
| October | $1,078,823 | $1,110,129 | $1,304,124 | 1053.8% |
| November | $1,109,609 | $1,141,242 | $1,339,806.50 | 1085.3% |
| December | $1,140,395 | $1,172,355 | $1,375,489 | 1116.9% |
| All Time | $971,072 | $1,001,233.50 | $1,179,235.25 | 943.3% |
| Month | Minimum Price | Average Price | Maximum Price | Potential ROI |
|---|---|---|---|---|
| January | $1,187,598.92 | $1,220,803.42 | $1,422,711.75 | 1158.7% |
| February | $1,234,802.83 | $1,269,251.83 | $1,469,934.50 | 1200.5% |
| March | $1,282,006.75 | $1,317,700.25 | $1,517,157.25 | 1242.2% |
| April | $1,329,210.67 | $1,366,148.67 | $1,564,380 | 1284% |
| May | $1,376,414.58 | $1,414,597.08 | $1,611,602.75 | 1325.8% |
| June | $1,423,618.50 | $1,463,045.50 | $1,658,825.50 | 1367.6% |
| July | $1,470,822.42 | $1,511,493.92 | $1,706,048.25 | 1409.3% |
| August | $1,518,026.33 | $1,559,942.33 | $1,753,271 | 1451.1% |
| September | $1,565,230.25 | $1,608,390.75 | $1,800,493.75 | 1492.9% |
| October | $1,612,434.17 | $1,656,839.17 | $1,847,716.50 | 1534.7% |
| November | $1,659,638.08 | $1,705,287.58 | $1,894,939.25 | 1576.5% |
| December | $1,706,842 | $1,753,736 | $1,942,162 | 1618.2% |
| All Time | $1,447,220.46 | $1,487,269.71 | $1,682,436.88 | 1388.5% |
| Month | Minimum Price | Average Price | Maximum Price | Potential ROI |
|---|---|---|---|---|
| January | $1,771,112.67 | $1,819,944.67 | $2,027,156.42 | 1693.4% |
| February | $1,835,383.33 | $1,886,153.33 | $2,112,150.83 | 1768.6% |
| March | $1,899,654 | $1,952,362 | $2,197,145.25 | 1843.8% |
| April | $1,963,924.67 | $2,018,570.67 | $2,282,139.67 | 1919% |
| May | $2,028,195.33 | $2,084,779.33 | $2,367,134.08 | 1994.2% |
| June | $2,092,466 | $2,150,988 | $2,452,128.50 | 2069.4% |
| July | $2,156,736.67 | $2,217,196.67 | $2,537,122.92 | 2144.6% |
| August | $2,221,007.33 | $2,283,405.33 | $2,622,117.33 | 2219.8% |
| September | $2,285,278 | $2,349,614 | $2,707,111.75 | 2295% |
| October | $2,349,548.67 | $2,415,822.67 | $2,792,106.17 | 2370.2% |
| November | $2,413,819.33 | $2,482,031.33 | $2,877,100.58 | 2445.4% |
| December | $2,478,090 | $2,548,240 | $2,962,095 | 2520.6% |
| All Time | $2,124,601.33 | $2,184,092.33 | $2,494,625.71 | 2107% |
| Month | Minimum Price | Average Price | Maximum Price | Potential ROI |
|---|---|---|---|---|
| January | $2,574,640.75 | $2,647,439.08 | $3,079,355.17 | 2624.3% |
| February | $2,671,191.50 | $2,746,638.17 | $3,196,615.33 | 2728.1% |
| March | $2,767,742.25 | $2,845,837.25 | $3,313,875.50 | 2831.8% |
| April | $2,864,293 | $2,945,036.33 | $3,431,135.67 | 2935.5% |
| May | $2,960,843.75 | $3,044,235.42 | $3,548,395.83 | 3039.3% |
| June | $3,057,394.50 | $3,143,434.50 | $3,665,656 | 3143% |
| July | $3,153,945.25 | $3,242,633.58 | $3,782,916.17 | 3246.8% |
| August | $3,250,496 | $3,341,832.67 | $3,900,176.33 | 3350.5% |
| September | $3,347,046.75 | $3,441,031.75 | $4,017,436.50 | 3454.2% |
| October | $3,443,597.50 | $3,540,230.83 | $4,134,696.67 | 3558% |
| November | $3,540,148.25 | $3,639,429.92 | $4,251,956.83 | 3661.7% |
| December | $3,636,699 | $3,738,629 | $4,369,217 | 3765.5% |
| All Time | $3,105,669.88 | $3,193,034.04 | $3,724,286.08 | 3194.9% |
| Month | Minimum Price | Average Price | Maximum Price | Potential ROI |
|---|---|---|---|---|
| January | $3,782,276.25 | $3,919,329.42 | $4,544,101.25 | 3920.2% |
| February | $3,927,853.50 | $4,100,029.83 | $4,718,985.50 | 4074.9% |
| March | $4,073,430.75 | $4,280,730.25 | $4,893,869.75 | 4229.6% |
| April | $4,219,008 | $4,461,430.67 | $5,068,754 | 4384.4% |
| May | $4,364,585.25 | $4,642,131.08 | $5,243,638.25 | 4539.1% |
| June | $4,510,162.50 | $4,822,831.50 | $5,418,522.50 | 4693.8% |
| July | $4,655,739.75 | $5,003,531.92 | $5,593,406.75 | 4848.5% |
| August | $4,801,317 | $5,184,232.33 | $5,768,291 | 5003.2% |
| September | $4,946,894.25 | $5,364,932.75 | $5,943,175.25 | 5158% |
| October | $5,092,471.50 | $5,545,633.17 | $6,118,059.50 | 5312.7% |
| November | $5,238,048.75 | $5,726,333.58 | $6,292,943.75 | 5467.4% |
| December | $5,383,626 | $5,907,034 | $6,467,828 | 5622.1% |
| All Time | $4,582,951.13 | $4,913,181.71 | $5,505,964.63 | 4771.2% |
| Month | Minimum Price | Average Price | Maximum Price | Potential ROI |
|---|---|---|---|---|
| January | $5,486,438.25 | $6,000,499.67 | $6,542,600.58 | 5688.3% |
| February | $5,589,250.50 | $6,093,965.33 | $6,617,373.17 | 5754.4% |
| March | $5,692,062.75 | $6,187,431 | $6,692,145.75 | 5820.6% |
| April | $5,794,875 | $6,280,896.67 | $6,766,918.33 | 5886.7% |
| May | $5,897,687.25 | $6,374,362.33 | $6,841,690.92 | 5952.9% |
| June | $6,000,499.50 | $6,467,828 | $6,916,463.50 | 6019% |
| July | $6,103,311.75 | $6,561,293.67 | $6,991,236.08 | 6085.2% |
| August | $6,206,124 | $6,654,759.33 | $7,066,008.67 | 6151.3% |
| September | $6,308,936.25 | $6,748,225 | $7,140,781.25 | 6217.5% |
| October | $6,411,748.50 | $6,841,690.67 | $7,215,553.83 | 6283.6% |
| November | $6,514,560.75 | $6,935,156.33 | $7,290,326.42 | 6349.8% |
| December | $6,617,373 | $7,028,622 | $7,365,099 | 6415.9% |
| All Time | $6,051,905.63 | $6,514,560.83 | $6,953,849.79 | 6052.1% |
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.
When Bitcoin price breached the $100,000 psychological level on December 4, the crypto market was euphoric, but Ethereum failed to touch the $4,000 level, let alone all-time high (ATH). Regardless, a few days later, Bitcoin crashed below this key level, causing more than a billion US dollar worth of positions to be liquidated. As BTC trades below $100,000, investors wonder what comes next; an exchange-data-based indicator has the answer for what Bitcoin price could do next.
According to CryptoQuant data, the estimated exchange leverage ratio that hit 0.25 when BTC first crossed $100K has tanked significantly after the recent crash. This drop is in line with the massive liquidations witnessed on December 4 & 5.
Typically, a higher leverage ratio is dangerous as it could trigger a cascade liquidation that could negatively impact the asset. When breaching key hurdles, it is bullish if the leverage ratio is moderate to low, which it is now.
Hence, investors can expect the second successful flip of the $100,000 psychological level could lead to a massive uptrend that is unlikely to fall short of momentum
Based on the daily chart, technicals suggest that the next target for Bitcoin is $111,850, which is the 261.8% Fibonacci extension level of the recently formed key range. A similar fractal was seen when BTC started its up-sloping range.
On the other hand, if Bitcoin price breaches the $95K support level, it will invalidate the bullish thesis and potentially trigger a double-digit correction to $90K.
Premium Partners
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.
DAILY NEWSLETTER
Your daily dose of Crypto news, Prices & other updates..
5M+ Monthly Page Views
50k+ Articles
