Bitcoin Price Today: BTC Is Up 2.37%, Trades At $107,046

Explore why Bitcoin price today is up 2.37% and why BTC trades $107,046. Will this uptrend continue or will profit-taking trigger a crash?
By Akash Girimath
December 17, 2024 | Updated December 17, 2024
Bitcoin Price Today: BTC Is Up 2.37%, Trades At $107,046

Highlights

  • Bitcoin price today is up 2.37% and trades around $106,698.
  • BTC could climb to $122K to set up a new ATH based on Fibonacci analysis.
  • A breakdown of $100K could trigger a correction to $89.5K.

Bitcoin price today trades at $105,871.0 as of 11 PM  on September 19. After hitting a daily high of $108,135.0 today BTC is up 0.23%.

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Bitcoin Price Today Is Up 0.23% as BTC Trades at $105,871.0

Although BTC dropped in the first two weeks of December, the corrections were short-lived. Bitcoin price today trades at $105,871.0 and shows no signs of stopping. The reason behind this bullish trend can be attributed to the favorable conclusion of the US elections, coupled with Trump’s pro-crypto developments like setting up D.O.G.E. or promise of a strategic BTC reserve to save the US dollar. Seasonality is also another reason why Bitcoin is up.

Hence, the bullish outlook will continue in the foreseeable future.

*bitcoin price updated as of 11 PM.

Value of BTC trades at $105,871.0, bringing the year-to-date gain from 56% on October 20 to roughly 150% as of September 19. Ethereum price’s YTD performance is lackluster, stands around 74%, and is well below BTC.

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BTC’s Seasonality Hints Positive End To 2024

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 sustain without any steep corrections. This bullishness can be attributed to seasonality, aka historical returns, which reveals 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 $2,099.0 billion, could finally hit the $2 trillion mark.

Bitcoin’s Market Capitalization

While Bitcoin’s market cap hovers around $2,099.0 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 $91.2 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.

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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.
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Bitcoin Price Prediction For Next 30 Days

Date Price Change
September 18, 2025116716.060.5%
September 19, 2025118494.432.03%
September 20, 2025120301.003.59%
September 21, 2025122784.275.73%
September 22, 2025125215.287.82%
September 23, 2025127045.229.4%
September 24, 2025128573.6910.71%
September 25, 2025127891.3410.12%
September 26, 2025127126.829.47%
September 27, 2025125930.988.44%
September 28, 2025125043.407.67%
September 29, 2025125388.847.97%
September 30, 2025125803.458.33%
October 01, 2025126437.058.87%
October 02, 2025126868.689.24%
October 03, 2025126780.939.17%
October 04, 2025126609.969.02%
October 05, 2025126262.128.72%
October 06, 2025125933.848.44%
October 07, 2025125640.338.19%
October 08, 2025125475.928.05%
October 09, 2025125505.148.07%
October 10, 2025124805.607.47%
October 11, 2025123178.546.07%
October 12, 2025122115.875.15%
October 13, 2025121664.624.76%
October 14, 2025121301.704.45%
October 15, 2025121020.324.21%
October 16, 2025120369.813.65%
October 17, 2025119429.262.84%

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 Prediction Between 2025 & 2029

2025
2026
2027
2028
2029
Month Minimum Price Average Price Maximum Price Potential ROI
January $111,232.78 $126,188.36 $118,710.57 2.2%
February $110,234.45 $123,803.03 $117,018.74 0.75%
March $109,236.13 $121,417.69 $115,326.92 -0.7%
April $108,237.80 $119,032.36 $113,635.09 -2.2%
May $107,239.48 $116,647.03 $111,943.26 -3.6%
June $106,241.16 $114,261.70 $110,251.43 -5.1%
July $105,242.83 $111,876.36 $108,559.60 -6.5%
August $104,244.51 $109,491.03 $106,867.77 -8%
September $103,246.18 $107,105.70 $105,175.95 -9.4%
October $102,247.86 $104,720.37 $103,484.12 -10.9%
November $101,249.53 $102,335.03 $101,792.29 -12.4%
December $100,251.21 $99,949.70 $100,100.46 -13.8%
All Time $105,741.99 $113,069.03 $109,405.52 -5.8%
Month Minimum Price Average Price Maximum Price Potential ROI
January $114,318.78 $114,670.89 $118,641.09 2.1%
February $128,386.34 $129,392.08 $137,181.72 18.1%
March $142,453.91 $144,113.28 $155,722.35 34.1%
April $156,521.47 $158,834.47 $174,262.97 50%
May $170,589.04 $173,555.66 $192,803.60 66%
June $184,656.61 $188,276.85 $211,344.23 82%
July $198,724.17 $202,998.04 $229,884.86 97.9%
August $212,791.74 $217,719.23 $248,425.49 113.9%
September $226,859.30 $232,440.43 $266,966.12 129.9%
October $240,926.87 $247,161.62 $285,506.74 145.8%
November $254,994.43 $261,882.81 $304,047.37 161.8%
December $269,062 $276,604 $322,588 177.7%
All Time $191,690.39 $195,637.45 $220,614.54 89.9%
Month Minimum Price Average Price Maximum Price Potential ROI
January $279,972.17 $288,038.17 $333,712.42 187.3%
February $290,882.33 $299,472.33 $344,836.83 196.9%
March $301,792.50 $310,906.50 $355,961.25 206.5%
April $312,702.67 $322,340.67 $367,085.67 216.1%
May $323,612.83 $333,774.83 $378,210.08 225.6%
June $334,523 $345,209 $389,334.50 235.2%
July $345,433.17 $356,643.17 $400,458.92 244.8%
August $356,343.33 $368,077.33 $411,583.33 254.4%
September $367,253.50 $379,511.50 $422,707.75 264%
October $378,163.67 $390,945.67 $433,832.17 273.5%
November $389,073.83 $402,379.83 $444,956.58 283.1%
December $399,984 $413,814 $456,081 292.7%
All Time $339,978.08 $350,926.08 $394,896.71 240%
Month Minimum Price Average Price Maximum Price Potential ROI
January $416,513.42 $430,915.17 $476,916.75 310.6%
February $433,042.83 $448,016.33 $497,752.50 328.6%
March $449,572.25 $465,117.50 $518,588.25 346.5%
April $466,101.67 $482,218.67 $539,424 364.4%
May $482,631.08 $499,319.83 $560,259.75 382.4%
June $499,160.50 $516,421 $581,095.50 400.3%
July $515,689.92 $533,522.17 $601,931.25 418.3%
August $532,219.33 $550,623.33 $622,767 436.2%
September $548,748.75 $567,724.50 $643,602.75 454.1%
October $565,278.17 $584,825.67 $664,438.50 472.1%
November $581,807.58 $601,926.83 $685,274.25 490%
December $598,337 $619,028 $706,110 508%
All Time $507,425.21 $524,971.58 $591,513.38 409.3%
Month Minimum Price Average Price Maximum Price Potential ROI
January $624,336.17 $645,366.33 $734,166.50 532.1%
February $650,335.33 $671,704.67 $762,223 556.3%
March $676,334.50 $698,043 $790,279.50 580.4%
April $702,333.67 $724,381.33 $818,336 604.6%
May $728,332.83 $750,719.67 $846,392.50 628.7%
June $754,332 $777,058 $874,449 652.9%
July $780,331.17 $803,396.33 $902,505.50 677.1%
August $806,330.33 $829,734.67 $930,562 701.2%
September $832,329.50 $856,073 $958,618.50 725.4%
October $858,328.67 $882,411.33 $986,675 749.5%
November $884,327.83 $908,749.67 $1,014,731.50 773.7%
December $910,327 $935,088 $1,042,788 797.8%
All Time $767,331.58 $790,227.17 $888,477.25 665%

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
Month Minimum Price Average Price Maximum Price Potential ROI
January $936,351.92 $962,945.75 $1,086,446.67 835.4%
February $962,376.83 $990,803.50 $1,130,105.33 873%
March $988,401.75 $1,018,661.25 $1,173,764 910.6%
April $1,014,426.67 $1,046,519 $1,217,422.67 948.2%
May $1,040,451.58 $1,074,376.75 $1,261,081.33 985.8%
June $1,066,476.50 $1,102,234.50 $1,304,740 1023.4%
July $1,092,501.42 $1,130,092.25 $1,348,398.67 1061%
August $1,118,526.33 $1,157,950 $1,392,057.33 1098.6%
September $1,144,551.25 $1,185,807.75 $1,435,716 1136.2%
October $1,170,576.17 $1,213,665.50 $1,479,374.67 1173.7%
November $1,196,601.08 $1,241,523.25 $1,523,033.33 1211.3%
December $1,222,626 $1,269,381 $1,566,692 1248.9%
All Time $1,079,488.96 $1,116,163.38 $1,326,569.33 1042.2%
Month Minimum Price Average Price Maximum Price Potential ROI
January $1,271,706 $1,318,796.08 $1,617,246.67 1292.4%
February $1,320,786 $1,368,211.17 $1,667,801.33 1336%
March $1,369,866 $1,417,626.25 $1,718,356 1379.5%
April $1,418,946 $1,467,041.33 $1,768,910.67 1423%
May $1,468,026 $1,516,456.42 $1,819,465.33 1466.6%
June $1,517,106 $1,565,871.50 $1,870,020 1510.1%
July $1,566,186 $1,615,286.58 $1,920,574.67 1553.6%
August $1,615,266 $1,664,701.67 $1,971,129.33 1597.1%
September $1,664,346 $1,714,116.75 $2,021,684 1640.7%
October $1,713,426 $1,763,531.83 $2,072,238.67 1684.2%
November $1,762,506 $1,812,946.92 $2,122,793.33 1727.7%
December $1,811,586 $1,862,362 $2,173,348 1771.3%
All Time $1,541,646 $1,590,579.04 $1,895,297.33 1531.9%
Month Minimum Price Average Price Maximum Price Potential ROI
January $1,871,883.08 $1,926,187.58 $2,255,223.08 1841.7%
February $1,932,180.17 $1,990,013.17 $2,337,098.17 1912.2%
March $1,992,477.25 $2,053,838.75 $2,418,973.25 1982.7%
April $2,052,774.33 $2,117,664.33 $2,500,848.33 2053.2%
May $2,113,071.42 $2,181,489.92 $2,582,723.42 2123.7%
June $2,173,368.50 $2,245,315.50 $2,664,598.50 2194.2%
July $2,233,665.58 $2,309,141.08 $2,746,473.58 2264.7%
August $2,293,962.67 $2,372,966.67 $2,828,348.67 2335.2%
September $2,354,259.75 $2,436,792.25 $2,910,223.75 2405.7%
October $2,414,556.83 $2,500,617.83 $2,992,098.83 2476.2%
November $2,474,853.92 $2,564,443.42 $3,073,973.92 2546.7%
December $2,535,151 $2,628,269 $3,155,849 2617.2%
All Time $2,203,517.04 $2,277,228.29 $2,705,536.04 2229.5%
Month Minimum Price Average Price Maximum Price Potential ROI
January $2,642,734.25 $2,736,853.33 $3,272,269 2717.4%
February $2,750,317.50 $2,845,437.67 $3,388,689 2817.7%
March $2,857,900.75 $2,954,022 $3,505,109 2917.9%
April $2,965,484 $3,062,606.33 $3,621,529 3018.1%
May $3,073,067.25 $3,171,190.67 $3,737,949 3118.4%
June $3,180,650.50 $3,279,775 $3,854,369 3218.6%
July $3,288,233.75 $3,388,359.33 $3,970,789 3318.8%
August $3,395,817 $3,496,943.67 $4,087,209 3419.1%
September $3,503,400.25 $3,605,528 $4,203,629 3519.3%
October $3,610,983.50 $3,714,112.33 $4,320,049 3619.6%
November $3,718,566.75 $3,822,696.67 $4,436,469 3719.8%
December $3,826,150 $3,931,281 $4,552,889 3820%
All Time $3,234,442.13 $3,334,067.17 $3,912,579 3268.7%
Month Minimum Price Average Price Maximum Price Potential ROI
January $5,389,130.25 $5,651,215.83 $5,903,473.17 4982.9%
February $5,353,093.50 $5,641,387.67 $5,910,025.33 4988.5%
March $5,317,056.75 $5,631,559.50 $5,916,577.50 4994.2%
April $5,281,020 $5,621,731.33 $5,923,129.67 4999.8%
May $5,244,983.25 $5,611,903.17 $5,929,681.83 5005.5%
June $5,208,946.50 $5,602,075 $5,936,234 5011.1%
July $5,172,909.75 $5,592,246.83 $5,942,786.17 5016.7%
August $5,136,873 $5,582,418.67 $5,949,338.33 5022.4%
September $5,100,836.25 $5,572,590.50 $5,955,890.50 5028%
October $5,064,799.50 $5,562,762.33 $5,962,442.67 5033.7%
November $5,028,762.75 $5,552,934.17 $5,968,994.83 5039.3%
December $4,992,726 $5,543,106 $5,975,547 5044.9%
All Time $5,190,928.13 $5,597,160.92 $5,939,510.08 5013.9%
Month Minimum Price Average Price Maximum Price Potential ROI
January $6,968,195.33 $7,502,194.08 $7,839,628.58 6649.9%
February $6,938,710.67 $7,456,329.17 $7,816,696.17 6630.2%
March $6,909,226 $7,410,464.25 $7,793,763.75 6610.4%
April $6,879,741.33 $7,364,599.33 $7,770,831.33 6590.7%
May $6,850,256.67 $7,318,734.42 $7,747,898.92 6570.9%
June $6,820,772 $7,272,869.50 $7,724,966.50 6551.2%
July $6,791,287.33 $7,227,004.58 $7,702,034.08 6531.5%
August $6,761,802.67 $7,181,139.67 $7,679,101.67 6511.7%
September $6,732,318 $7,135,274.75 $7,656,169.25 6492%
October $6,702,833.33 $7,089,409.83 $7,633,236.83 6472.2%
November $6,673,348.67 $7,043,544.92 $7,610,304.42 6452.5%
December $6,643,864 $6,997,680 $7,587,372 6432.7%
All Time $6,806,029.67 $7,249,937.04 $7,713,500.29 6541.3%

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

Bitcoin price action has set up higher highs and higher lows since November 11. The 8.88% crash that occurred between November 22 and 26, set the basis for the next coupled of moves. Forecasting targets using this range has so far yielded positive returns. Let’s explore what comes next for BTC.

Using Fibonacci Tool for the 8.88% crash shows a range that extends from $90,866 to $99,690. The 161.8% Fibonacci extension level at $105,904 was the first target, which hit on Sunday. Since this point, BTC has not stopped and has been slowly trending higher.

With massive BTC ETF inflows and strong fundamentals, this uptrend is unlikely to stop. Going forward, investors can expect Bitcoin price to set up a new high around 261.8% Fibonacci extension level at $113,88.  Following this, the 361.8% Fib level at $122,681 will be a new ATH.

This outlook could take place in two scenarios. The first and the most bullish outlook includes Bitcoin price climbing to the $122,681 target slowly and steadily as it has done for so long. The second scenario includes BTC underoing a minor correction before hitting $122,681.

In case of a retracement, Bitcoin price could bounce off the high volume node (HVN) around $100,000. This psychological level will serve as a key support before BTC bounces to new highs.

Bitcoin Price Today: BTC Is Up 2.37%, Trades At $107,046
BTC/USDT 4-hour chart

On the other hand, if Bitcoin price crashes below $100,000 and flips it into a resistance, it will invaldiate this short-term bullish outlook. In such a case, the second HVN at $89,500 will be the next critical support level.

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.