Bitcoin Price Today: Will BTC Crash Before $150K?

Uncover why Bitcoin price action shows bullish outlook and if BTC will crash over weekend before it hits $150k?
By Akash Girimath
December 14, 2024 | Updated December 14, 2024
Bitcoin Price Is Up 0.56% Today as US Treasury Secretary Says BTC's Becoming Store of Value

Highlights

  • Bitcoin price shows sits comfortably above $99,690 support level, slightly favoring bulls.
  • A bounce here could send BTC to $111,850.
  • On the contrary, a breakdown below $99,690 could trigger a crash to $92,401 or lower.

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 October 20.

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 October 20. 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 .

Historical Bitcoin Price Performance
Historical Bitcoin Price Performance

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.
Advertisement

Bitcoin Price Forecast For Next Month

Date Price Change
October 19, 2025107395.480.34%
October 20, 2025110924.823.63%
October 21, 2025115377.477.79%
October 22, 2025119890.8412.01%
October 23, 2025123522.5415.4%
October 24, 2025122268.0614.23%
October 25, 2025120261.6612.36%
October 26, 2025118806.0511%
October 27, 2025119491.6211.64%
October 28, 2025120726.1912.79%
October 29, 2025121096.0513.14%
October 30, 2025120777.3912.84%
October 31, 2025120087.0712.19%
November 01, 2025119498.1111.64%
November 02, 2025119299.9111.46%
November 03, 2025118503.2810.71%
November 04, 2025115274.227.7%
November 05, 2025114192.006.69%
November 06, 2025113491.986.03%
November 07, 2025112619.605.22%
November 08, 2025110752.993.47%
November 09, 2025111499.484.17%
November 10, 2025112034.754.67%
November 11, 2025112364.824.98%
November 12, 2025113364.545.91%
November 13, 2025112957.735.53%
November 14, 2025112149.654.78%
November 15, 2025111213.533.9%
November 16, 2025110478.863.22%
November 17, 2025110130.472.89%

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 $109,471.69 $121,550.77 $115,511.23 8%
February $108,619.85 $119,578.99 $114,099.43 6.7%
March $107,768.02 $117,607.22 $112,687.62 5.4%
April $106,916.18 $115,635.44 $111,275.81 4%
May $106,064.34 $113,663.67 $109,864.01 2.7%
June $105,212.50 $111,691.89 $108,452.20 1.4%
July $104,360.66 $109,720.12 $107,040.39 0.073%
August $103,508.82 $107,748.34 $105,628.59 -1.2%
September $102,656.99 $105,776.57 $104,216.78 -2.6%
October $101,805.15 $103,804.79 $102,804.97 -3.9%
November $100,953.31 $101,833.02 $101,393.17 -5.2%
December $100,101.47 $99,861.24 $99,981.36 -6.5%
All Time $104,786.58 $110,706 $107,746.30 0.73%
Month Minimum Price Average Price Maximum Price Potential ROI
January $115,349.76 $115,810.80 $120,163.83 12.3%
February $130,598.06 $131,760.37 $140,346.30 31.2%
March $145,846.35 $147,709.93 $160,528.77 50.1%
April $161,094.65 $163,659.49 $180,711.24 68.9%
May $176,342.94 $179,609.06 $200,893.71 87.8%
June $191,591.24 $195,558.62 $221,076.18 106.7%
July $206,839.53 $211,508.18 $241,258.65 125.6%
August $222,087.82 $227,457.75 $261,441.12 144.4%
September $237,336.12 $243,407.31 $281,623.59 163.3%
October $252,584.41 $259,356.87 $301,806.06 182.2%
November $267,832.71 $275,306.44 $321,988.53 201%
December $283,081 $291,256 $342,171 219.9%
All Time $199,215.38 $203,533.40 $231,167.42 116.1%
Month Minimum Price Average Price Maximum Price Potential ROI
January $293,105.67 $301,570.33 $354,786.17 231.7%
February $303,130.33 $311,884.67 $367,401.33 243.5%
March $313,155 $322,199 $380,016.50 255.3%
April $323,179.67 $332,513.33 $392,631.67 267.1%
May $333,204.33 $342,827.67 $405,246.83 278.9%
June $343,229 $353,142 $417,862 290.7%
July $353,253.67 $363,456.33 $430,477.17 302.5%
August $363,278.33 $373,770.67 $443,092.33 314.3%
September $373,303 $384,085 $455,707.50 326%
October $383,327.67 $394,399.33 $468,322.67 337.8%
November $393,352.33 $404,713.67 $480,937.83 349.6%
December $403,377 $415,028 $493,553 361.4%
All Time $348,241.33 $358,299.17 $424,169.58 296.6%
Month Minimum Price Average Price Maximum Price Potential ROI
January $417,320.67 $429,730 $511,190.25 377.9%
February $431,264.33 $444,432 $528,827.50 394.4%
March $445,208 $459,134 $546,464.75 410.9%
April $459,151.67 $473,836 $564,102 427.4%
May $473,095.33 $488,538 $581,739.25 443.9%
June $487,039 $503,240 $599,376.50 460.4%
July $500,982.67 $517,942 $617,013.75 476.9%
August $514,926.33 $532,644 $634,651 493.3%
September $528,870 $547,346 $652,288.25 509.8%
October $542,813.67 $562,048 $669,925.50 526.3%
November $556,757.33 $576,750 $687,562.75 542.8%
December $570,701 $591,452 $705,200 559.3%
All Time $494,010.83 $510,591 $608,195.13 468.6%
Month Minimum Price Average Price Maximum Price Potential ROI
January $592,288.17 $613,774.33 $729,717.58 582.2%
February $613,875.33 $636,096.67 $754,235.17 605.1%
March $635,462.50 $658,419 $778,752.75 628.1%
April $657,049.67 $680,741.33 $803,270.33 651%
May $678,636.83 $703,063.67 $827,787.92 673.9%
June $700,224 $725,386 $852,305.50 696.8%
July $721,811.17 $747,708.33 $876,823.08 719.8%
August $743,398.33 $770,030.67 $901,340.67 742.7%
September $764,985.50 $792,353 $925,858.25 765.6%
October $786,572.67 $814,675.33 $950,375.83 788.5%
November $808,159.83 $836,997.67 $974,893.42 811.4%
December $829,747 $859,320 $999,411 834.4%
All Time $711,017.58 $736,547.17 $864,564.29 708.3%

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 $860,788.25 $890,761.25 $1,035,646.25 868.2%
February $891,829.50 $922,202.50 $1,071,881.50 902.1%
March $922,870.75 $953,643.75 $1,108,116.75 936%
April $953,912 $985,085 $1,144,352 969.9%
May $984,953.25 $1,016,526.25 $1,180,587.25 1003.7%
June $1,015,994.50 $1,047,967.50 $1,216,822.50 1037.6%
July $1,047,035.75 $1,079,408.75 $1,253,057.75 1071.5%
August $1,078,077 $1,110,850 $1,289,293 1105.4%
September $1,109,118.25 $1,142,291.25 $1,325,528.25 1139.3%
October $1,140,159.50 $1,173,732.50 $1,361,763.50 1173.1%
November $1,171,200.75 $1,205,173.75 $1,397,998.75 1207%
December $1,202,242 $1,236,615 $1,434,234 1240.9%
All Time $1,031,515.13 $1,063,688.13 $1,234,940.13 1054.6%
Month Minimum Price Average Price Maximum Price Potential ROI
January $1,255,606.58 $1,292,267.75 $1,489,974.50 1293%
February $1,308,971.17 $1,347,920.50 $1,545,715 1345.1%
March $1,362,335.75 $1,403,573.25 $1,601,455.50 1397.2%
April $1,415,700.33 $1,459,226 $1,657,196 1449.3%
May $1,469,064.92 $1,514,878.75 $1,712,936.50 1501.4%
June $1,522,429.50 $1,570,531.50 $1,768,677 1553.6%
July $1,575,794.08 $1,626,184.25 $1,824,417.50 1605.7%
August $1,629,158.67 $1,681,837 $1,880,158 1657.8%
September $1,682,523.25 $1,737,489.75 $1,935,898.50 1709.9%
October $1,735,887.83 $1,793,142.50 $1,991,639 1762%
November $1,789,252.42 $1,848,795.25 $2,047,379.50 1814.1%
December $1,842,617 $1,904,448 $2,103,120 1866.2%
All Time $1,549,111.79 $1,598,357.88 $1,796,547.25 1579.6%
Month Minimum Price Average Price Maximum Price Potential ROI
January $1,915,558.67 $1,978,585.25 $2,194,599.50 1951.8%
February $1,988,500.33 $2,052,722.50 $2,286,079 2037.3%
March $2,061,442 $2,126,859.75 $2,377,558.50 2122.8%
April $2,134,383.67 $2,200,997 $2,469,038 2208.3%
May $2,207,325.33 $2,275,134.25 $2,560,517.50 2293.9%
June $2,280,267 $2,349,271.50 $2,651,997 2379.4%
July $2,353,208.67 $2,423,408.75 $2,743,476.50 2464.9%
August $2,426,150.33 $2,497,546 $2,834,956 2550.4%
September $2,499,092 $2,571,683.25 $2,926,435.50 2636%
October $2,572,033.67 $2,645,820.50 $3,017,915 2721.5%
November $2,644,975.33 $2,719,957.75 $3,109,394.50 2807%
December $2,717,917 $2,794,095 $3,200,874 2892.5%
All Time $2,316,737.83 $2,386,340.13 $2,697,736.75 2422.1%
Month Minimum Price Average Price Maximum Price Potential ROI
January $2,817,183.50 $2,896,327 $3,323,170.25 3006.9%
February $2,916,450 $2,998,559 $3,445,466.50 3121.2%
March $3,015,716.50 $3,100,791 $3,567,762.75 3235.5%
April $3,114,983 $3,203,023 $3,690,059 3349.9%
May $3,214,249.50 $3,305,255 $3,812,355.25 3464.2%
June $3,313,516 $3,407,487 $3,934,651.50 3578.6%
July $3,412,782.50 $3,509,719 $4,056,947.75 3692.9%
August $3,512,049 $3,611,951 $4,179,244 3807.2%
September $3,611,315.50 $3,714,183 $4,301,540.25 3921.6%
October $3,710,582 $3,816,415 $4,423,836.50 4035.9%
November $3,809,848.50 $3,918,647 $4,546,132.75 4150.2%
December $3,909,115 $4,020,879 $4,668,429 4264.6%
All Time $3,363,149.25 $3,458,603 $3,995,799.63 3635.7%
Month Minimum Price Average Price Maximum Price Potential ROI
January $5,501,903.50 $6,011,214.58 $6,285,974.17 5776.8%
February $5,495,202 $5,991,110.17 $6,259,168.33 5751.8%
March $5,488,500.50 $5,971,005.75 $6,232,362.50 5726.7%
April $5,481,799 $5,950,901.33 $6,205,556.67 5701.6%
May $5,475,097.50 $5,930,796.92 $6,178,750.83 5676.6%
June $5,468,396 $5,910,692.50 $6,151,945 5651.5%
July $5,461,694.50 $5,890,588.08 $6,125,139.17 5626.5%
August $5,454,993 $5,870,483.67 $6,098,333.33 5601.4%
September $5,448,291.50 $5,850,379.25 $6,071,527.50 5576.3%
October $5,441,590 $5,830,274.83 $6,044,721.67 5551.3%
November $5,434,888.50 $5,810,170.42 $6,017,915.83 5526.2%
December $5,428,187 $5,790,066 $5,991,110 5501.2%
All Time $5,465,045.25 $5,900,640.29 $6,138,542.08 5639%
Month Minimum Price Average Price Maximum Price Potential ROI
January $7,013,083.67 $7,344,805.92 $7,612,864.75 7017.4%
February $7,029,837.33 $7,371,611.83 $7,666,476.50 7067.5%
March $7,046,591 $7,398,417.75 $7,720,088.25 7117.6%
April $7,063,344.67 $7,425,223.67 $7,773,700 7167.7%
May $7,080,098.33 $7,452,029.58 $7,827,311.75 7217.8%
June $7,096,852 $7,478,835.50 $7,880,923.50 7268%
July $7,113,605.67 $7,505,641.42 $7,934,535.25 7318.1%
August $7,130,359.33 $7,532,447.33 $7,988,147 7368.2%
September $7,147,113 $7,559,253.25 $8,041,758.75 7418.3%
October $7,163,866.67 $7,586,059.17 $8,095,370.50 7468.5%
November $7,180,620.33 $7,612,865.08 $8,148,982.25 7518.6%
December $7,197,374 $7,639,671 $8,202,594 7568.7%
All Time $7,105,228.83 $7,492,238.46 $7,907,729.38 7293%

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.

BTC/USDT 1-week chart
BTC/USDT 1-week chart

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.

BTC/USDT 1-day chart
BTC/USDT 1-day chart

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. 

BTC/USDT 4-hour chart
BTC/USDT 4-hour chart

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.

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.