Bitcoin Price Today Is Down 4%, BTC Trades At $104,262
Highlights
- Bitcoin price has crashed after hitting a new ATH of $108,366.8.
- The recent collapse has shed 4.89% of BTC's value.
- A bounce off key support levels could propel Bitcoin to new ATHs.
Bitcoin price today trades at $100,777.0 on 11 PM after hitting a daily high of $106,477.0 today after a -5.03% move on October 29. Will BTC continue its ascent to set up new highs? Will profit-taking tirgger a correction?
Bitcoin Price Today: Why is BTC up?
Bitcoin price today is down -5.03% and trades at $100,777.0. The reason behind the recent drop could be investors taking a break ahead of the FOMC meeting. This key macroeconomic event will play a pivotal role in determining the bias for the next part of the bull run. A dovish outlook from the Fed could resume the uptrend, on the other hand, hawkish comments could trigger a crash for BTC and the rest of the crypto markets.
*bitcoin price updated as of 11 PM.
Value of BTC trades at $100,777.0, bringing the year-to-date gain from 56% on October 20 to roughly 148% as of October 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 around 73%, 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.
Can BTC Price 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 $1,995.7 billion, could finally hit the $2 trillion mark.
Bitcoin’s Market Capitalization
While Bitcoin’s market cap hovers around $1,995.7 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 $103.2 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.
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 |
|---|---|---|
| October 28, 2025 | 115863.71 | 0.62% |
| October 29, 2025 | 118966.59 | 3.32% |
| October 30, 2025 | 123102.60 | 6.91% |
| October 31, 2025 | 126660.24 | 10% |
| November 01, 2025 | 127573.72 | 10.79% |
| November 02, 2025 | 126060.62 | 9.48% |
| November 03, 2025 | 124511.97 | 8.13% |
| November 04, 2025 | 125134.81 | 8.67% |
| November 05, 2025 | 126240.32 | 9.63% |
| November 06, 2025 | 126238.26 | 9.63% |
| November 07, 2025 | 125758.42 | 9.21% |
| November 08, 2025 | 125204.60 | 8.73% |
| November 09, 2025 | 124917.73 | 8.48% |
| November 10, 2025 | 124275.15 | 7.93% |
| November 11, 2025 | 121600.40 | 5.6% |
| November 12, 2025 | 120813.07 | 4.92% |
| November 13, 2025 | 120298.41 | 4.47% |
| November 14, 2025 | 118933.38 | 3.29% |
| November 15, 2025 | 118823.88 | 3.19% |
| November 16, 2025 | 119388.96 | 3.68% |
| November 17, 2025 | 119724.44 | 3.97% |
| November 18, 2025 | 120434.74 | 4.59% |
| November 19, 2025 | 119908.45 | 4.13% |
| November 20, 2025 | 119054.80 | 3.39% |
| November 21, 2025 | 118364.62 | 2.79% |
| November 22, 2025 | 117971.45 | 2.45% |
| November 23, 2025 | 117692.56 | 2.21% |
| November 24, 2025 | 117720.34 | 2.23% |
| November 25, 2025 | 118440.90 | 2.86% |
| November 26, 2025 | 119040.15 | 3.38% |
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
| Month | Minimum Price | Average Price | Maximum Price | Potential ROI |
|---|---|---|---|---|
| January | $110,114.27 | $125,269.97 | $117,692.12 | 2.1% |
| February | $109,210.05 | $122,966.22 | $116,088.14 | 0.75% |
| March | $108,305.82 | $120,662.48 | $114,484.15 | -0.6% |
| April | $107,401.59 | $118,358.73 | $112,880.16 | -2% |
| May | $106,497.36 | $116,054.98 | $111,276.17 | -3.4% |
| June | $105,593.14 | $113,751.23 | $109,672.19 | -4.8% |
| July | $104,688.91 | $111,447.48 | $108,068.20 | -6.2% |
| August | $103,784.68 | $109,143.73 | $106,464.21 | -7.6% |
| September | $102,880.45 | $106,839.99 | $104,860.22 | -9% |
| October | $101,976.23 | $104,536.24 | $103,256.24 | -10.4% |
| November | $101,072 | $102,232.49 | $101,652.25 | -11.8% |
| December | $100,167.77 | $99,928.74 | $100,048.26 | -13.2% |
| All Time | $105,141.02 | $112,599.36 | $108,870.19 | -5.5% |
| Month | Minimum Price | Average Price | Maximum Price | Potential ROI |
|---|---|---|---|---|
| January | $115,410.54 | $115,872.68 | $120,225.16 | 4.3% |
| February | $130,653.31 | $131,816.62 | $140,402.05 | 21.9% |
| March | $145,896.08 | $147,760.56 | $160,578.95 | 39.4% |
| April | $161,138.85 | $163,704.49 | $180,755.84 | 56.9% |
| May | $176,381.62 | $179,648.43 | $200,932.74 | 74.4% |
| June | $191,624.39 | $195,592.37 | $221,109.63 | 91.9% |
| July | $206,867.15 | $211,536.31 | $241,286.53 | 109.4% |
| August | $222,109.92 | $227,480.25 | $261,463.42 | 126.9% |
| September | $237,352.69 | $243,424.19 | $281,640.32 | 144.4% |
| October | $252,595.46 | $259,368.12 | $301,817.21 | 162% |
| November | $267,838.23 | $275,312.06 | $321,994.11 | 179.5% |
| December | $283,081 | $291,256 | $342,171 | 197% |
| All Time | $199,245.77 | $203,564.34 | $231,198.08 | 100.7% |
| Month | Minimum Price | Average Price | Maximum Price | Potential ROI |
|---|---|---|---|---|
| January | $293,105.67 | $301,570.33 | $354,786.17 | 207.9% |
| February | $303,130.33 | $311,884.67 | $367,401.33 | 218.9% |
| March | $313,155 | $322,199 | $380,016.50 | 229.8% |
| April | $323,179.67 | $332,513.33 | $392,631.67 | 240.8% |
| May | $333,204.33 | $342,827.67 | $405,246.83 | 251.7% |
| June | $343,229 | $353,142 | $417,862 | 262.7% |
| July | $353,253.67 | $363,456.33 | $430,477.17 | 273.6% |
| August | $363,278.33 | $373,770.67 | $443,092.33 | 284.6% |
| September | $373,303 | $384,085 | $455,707.50 | 295.5% |
| October | $383,327.67 | $394,399.33 | $468,322.67 | 306.5% |
| November | $393,352.33 | $404,713.67 | $480,937.83 | 317.4% |
| December | $403,377 | $415,028 | $493,553 | 328.4% |
| All Time | $348,241.33 | $358,299.17 | $424,169.58 | 268.1% |
| Month | Minimum Price | Average Price | Maximum Price | Potential ROI |
|---|---|---|---|---|
| January | $417,320.67 | $429,730 | $511,190.25 | 343.7% |
| February | $431,264.33 | $444,432 | $528,827.50 | 359% |
| March | $445,208 | $459,134 | $546,464.75 | 374.3% |
| April | $459,151.67 | $473,836 | $564,102 | 389.6% |
| May | $473,095.33 | $488,538 | $581,739.25 | 404.9% |
| June | $487,039 | $503,240 | $599,376.50 | 420.2% |
| July | $500,982.67 | $517,942 | $617,013.75 | 435.5% |
| August | $514,926.33 | $532,644 | $634,651 | 450.8% |
| September | $528,870 | $547,346 | $652,288.25 | 466.1% |
| October | $542,813.67 | $562,048 | $669,925.50 | 481.4% |
| November | $556,757.33 | $576,750 | $687,562.75 | 496.7% |
| December | $570,701 | $591,452 | $705,200 | 512.1% |
| All Time | $494,010.83 | $510,591 | $608,195.13 | 427.9% |
| Month | Minimum Price | Average Price | Maximum Price | Potential ROI |
|---|---|---|---|---|
| January | $592,288.17 | $613,774.33 | $729,717.58 | 533.3% |
| February | $613,875.33 | $636,096.67 | $754,235.17 | 554.6% |
| March | $635,462.50 | $658,419 | $778,752.75 | 575.9% |
| April | $657,049.67 | $680,741.33 | $803,270.33 | 597.2% |
| May | $678,636.83 | $703,063.67 | $827,787.92 | 618.4% |
| June | $700,224 | $725,386 | $852,305.50 | 639.7% |
| July | $721,811.17 | $747,708.33 | $876,823.08 | 661% |
| August | $743,398.33 | $770,030.67 | $901,340.67 | 682.3% |
| September | $764,985.50 | $792,353 | $925,858.25 | 703.6% |
| October | $786,572.67 | $814,675.33 | $950,375.83 | 724.8% |
| November | $808,159.83 | $836,997.67 | $974,893.42 | 746.1% |
| December | $829,747 | $859,320 | $999,411 | 767.4% |
| All Time | $711,017.58 | $736,547.17 | $864,564.29 | 650.4% |
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
| Month | Minimum Price | Average Price | Maximum Price | Potential ROI |
|---|---|---|---|---|
| January | $860,788.25 | $890,761.25 | $1,035,646.25 | 798.9% |
| February | $891,829.50 | $922,202.50 | $1,071,881.50 | 830.3% |
| March | $922,870.75 | $953,643.75 | $1,108,116.75 | 861.7% |
| April | $953,912 | $985,085 | $1,144,352 | 893.2% |
| May | $984,953.25 | $1,016,526.25 | $1,180,587.25 | 924.6% |
| June | $1,015,994.50 | $1,047,967.50 | $1,216,822.50 | 956.1% |
| July | $1,047,035.75 | $1,079,408.75 | $1,253,057.75 | 987.5% |
| August | $1,078,077 | $1,110,850 | $1,289,293 | 1019% |
| September | $1,109,118.25 | $1,142,291.25 | $1,325,528.25 | 1050.4% |
| October | $1,140,159.50 | $1,173,732.50 | $1,361,763.50 | 1081.9% |
| November | $1,171,200.75 | $1,205,173.75 | $1,397,998.75 | 1113.3% |
| December | $1,202,242 | $1,236,615 | $1,434,234 | 1144.8% |
| All Time | $1,031,515.13 | $1,063,688.13 | $1,234,940.13 | 971.8% |
| Month | Minimum Price | Average Price | Maximum Price | Potential ROI |
|---|---|---|---|---|
| January | $1,255,606.58 | $1,292,267.75 | $1,489,974.50 | 1193.2% |
| February | $1,308,971.17 | $1,347,920.50 | $1,545,715 | 1241.5% |
| March | $1,362,335.75 | $1,403,573.25 | $1,601,455.50 | 1289.9% |
| April | $1,415,700.33 | $1,459,226 | $1,657,196 | 1338.3% |
| May | $1,469,064.92 | $1,514,878.75 | $1,712,936.50 | 1386.7% |
| June | $1,522,429.50 | $1,570,531.50 | $1,768,677 | 1435.1% |
| July | $1,575,794.08 | $1,626,184.25 | $1,824,417.50 | 1483.4% |
| August | $1,629,158.67 | $1,681,837 | $1,880,158 | 1531.8% |
| September | $1,682,523.25 | $1,737,489.75 | $1,935,898.50 | 1580.2% |
| October | $1,735,887.83 | $1,793,142.50 | $1,991,639 | 1628.6% |
| November | $1,789,252.42 | $1,848,795.25 | $2,047,379.50 | 1676.9% |
| December | $1,842,617 | $1,904,448 | $2,103,120 | 1725.3% |
| All Time | $1,549,111.79 | $1,598,357.88 | $1,796,547.25 | 1459.2% |
| Month | Minimum Price | Average Price | Maximum Price | Potential ROI |
|---|---|---|---|---|
| January | $1,915,558.67 | $1,978,585.25 | $2,194,599.50 | 1804.7% |
| February | $1,988,500.33 | $2,052,722.50 | $2,286,079 | 1884.1% |
| March | $2,061,442 | $2,126,859.75 | $2,377,558.50 | 1963.5% |
| April | $2,134,383.67 | $2,200,997 | $2,469,038 | 2042.9% |
| May | $2,207,325.33 | $2,275,134.25 | $2,560,517.50 | 2122.3% |
| June | $2,280,267 | $2,349,271.50 | $2,651,997 | 2201.7% |
| July | $2,353,208.67 | $2,423,408.75 | $2,743,476.50 | 2281.1% |
| August | $2,426,150.33 | $2,497,546 | $2,834,956 | 2360.5% |
| September | $2,499,092 | $2,571,683.25 | $2,926,435.50 | 2439.9% |
| October | $2,572,033.67 | $2,645,820.50 | $3,017,915 | 2519.3% |
| November | $2,644,975.33 | $2,719,957.75 | $3,109,394.50 | 2598.7% |
| December | $2,717,917 | $2,794,095 | $3,200,874 | 2678.1% |
| All Time | $2,316,737.83 | $2,386,340.13 | $2,697,736.75 | 2241.4% |
| Month | Minimum Price | Average Price | Maximum Price | Potential ROI |
|---|---|---|---|---|
| January | $2,817,183.50 | $2,896,327 | $3,323,170.25 | 2784.2% |
| February | $2,916,450 | $2,998,559 | $3,445,466.50 | 2890.4% |
| March | $3,015,716.50 | $3,100,791 | $3,567,762.75 | 2996.5% |
| April | $3,114,983 | $3,203,023 | $3,690,059 | 3102.6% |
| May | $3,214,249.50 | $3,305,255 | $3,812,355.25 | 3208.8% |
| June | $3,313,516 | $3,407,487 | $3,934,651.50 | 3314.9% |
| July | $3,412,782.50 | $3,509,719 | $4,056,947.75 | 3421.1% |
| August | $3,512,049 | $3,611,951 | $4,179,244 | 3527.2% |
| September | $3,611,315.50 | $3,714,183 | $4,301,540.25 | 3633.4% |
| October | $3,710,582 | $3,816,415 | $4,423,836.50 | 3739.5% |
| November | $3,809,848.50 | $3,918,647 | $4,546,132.75 | 3845.6% |
| December | $3,909,115 | $4,020,879 | $4,668,429 | 3951.8% |
| All Time | $3,363,149.25 | $3,458,603 | $3,995,799.63 | 3368% |
| Month | Minimum Price | Average Price | Maximum Price | Potential ROI |
|---|---|---|---|---|
| January | $5,501,903.50 | $6,011,214.58 | $6,285,974.17 | 5355.7% |
| February | $5,495,202 | $5,991,110.17 | $6,259,168.33 | 5332.4% |
| March | $5,488,500.50 | $5,971,005.75 | $6,232,362.50 | 5309.1% |
| April | $5,481,799 | $5,950,901.33 | $6,205,556.67 | 5285.9% |
| May | $5,475,097.50 | $5,930,796.92 | $6,178,750.83 | 5262.6% |
| June | $5,468,396 | $5,910,692.50 | $6,151,945 | 5239.3% |
| July | $5,461,694.50 | $5,890,588.08 | $6,125,139.17 | 5216.1% |
| August | $5,454,993 | $5,870,483.67 | $6,098,333.33 | 5192.8% |
| September | $5,448,291.50 | $5,850,379.25 | $6,071,527.50 | 5169.6% |
| October | $5,441,590 | $5,830,274.83 | $6,044,721.67 | 5146.3% |
| November | $5,434,888.50 | $5,810,170.42 | $6,017,915.83 | 5123% |
| December | $5,428,187 | $5,790,066 | $5,991,110 | 5099.8% |
| All Time | $5,465,045.25 | $5,900,640.29 | $6,138,542.08 | 5227.7% |
| Month | Minimum Price | Average Price | Maximum Price | Potential ROI |
|---|---|---|---|---|
| January | $7,013,083.67 | $7,344,805.92 | $7,612,864.75 | 6507.3% |
| February | $7,029,837.33 | $7,371,611.83 | $7,666,476.50 | 6553.8% |
| March | $7,046,591 | $7,398,417.75 | $7,720,088.25 | 6600.4% |
| April | $7,063,344.67 | $7,425,223.67 | $7,773,700 | 6646.9% |
| May | $7,080,098.33 | $7,452,029.58 | $7,827,311.75 | 6693.4% |
| June | $7,096,852 | $7,478,835.50 | $7,880,923.50 | 6740% |
| July | $7,113,605.67 | $7,505,641.42 | $7,934,535.25 | 6786.5% |
| August | $7,130,359.33 | $7,532,447.33 | $7,988,147 | 6833% |
| September | $7,147,113 | $7,559,253.25 | $8,041,758.75 | 6879.5% |
| October | $7,163,866.67 | $7,586,059.17 | $8,095,370.50 | 6926.1% |
| November | $7,180,620.33 | $7,612,865.08 | $8,148,982.25 | 6972.6% |
| December | $7,197,374 | $7,639,671 | $8,202,594 | 7019.1% |
| All Time | $7,105,228.83 | $7,492,238.46 | $7,907,729.38 | 6763.2% |
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: Make-or-Break Scenario for BTC
Bitcoin price has set up higher highs and higher lows since November 11 and shows no signs of stopping. Any signs of exhaustion are quickly undone after a brief pullback. The 4.89% correction from the ATH of $108,366 to $103,065 could be at an end.
If this is true, then Bitcoin is ready for another leg up. Depending on how the momentum BTC could either set up a new all-time or trigger a steeper correction. As shown in the below image, if BTC overcomes $108,366, it could eye 261.8% Fibonacci extension level at $113,888 followed by 316.8% Fibonacci extension at $122,681.
On the other hand, a rejection around $108,366 could lead to a drop to the high volume node (HVN) below $100K.
On the contrary, if BTC fails to hold above the HVN around $99K, it could trigger a steep correction to $90K. In such a case, the bullish outlook could be paused and depending on the state of the crypto markets, altcoins could kickstart and alt season or cause a massive liquidation event
Recent Posts
- News
FOMC Meeting Today: Where to Watch and Key Expectations for Crypto Market
Global investors, including those in the crypto market, await key cues from the FOMC Meeting…
- News
Changpeng ‘CZ’ Zhao Confirms Defamation Lawsuit Plans Against Sen Elizabeth Warren
Binance founder Changpeng Zhao, aka CZ, on Wednesday confirmed reports of defamation lawsuit plans against…
- News
Pi Coin Gains Another 15% As Pi Network Joins ISO 20022 For Seamless Banking Integration
Pi Network's native cryptocurrency, Pi Coin, is getting major attention with a continued rally upwards,…
- News
Bitwise Solana Staking ETF (BSOL) Records $69.5M Inflows on Debut, But SOL Slips
Bitwise Solana Staking ETF (BSOL) makes an impressive debut with massive inflows and trading volumes,…
- News
Trump Insider Whale Reloads $430M Long on BTC, ETH Ahead of Tomorrow’s Fed Rate Cut Decision
The “Trump Insider whale” has reportedly opened a $430 million long position in Bitcoin and…
- News
Breaking: $2.6B Western Union Announces Plans for Solana-Powered Stablecoin by 2026
Western Union has announced plans to launch a U.S. dollar-backed stablecoin built on the Solana…