Bitcoin Price Today: How Will BTC React to $3B Buying Spree?

Explore how Bitcoin price today will react as MicroStartegy decides to go on a $3 billion buying spree. Will BTC shoot up or not?
By Akash Girimath
November 21, 2024 | Updated November 21, 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 1.57% and is likely to continue this bullish outlook.
  • Although BTC could hit $100K in 2024, it is unlikely it can do that before November ends.
  • However, a move to $100K is possible before the end of 2024 when the liquidity is relatively less due to the holidays.

Bitcoin (BTC) price today trades at $98,444.0 as of 11 PM. BTC price hit a daily high of $98,831.0 today after rallying 4.59% on November 18.

Why Is Bitcoin Price Up Today?

Bitcoin price today is up 4.59% today and currently auctions around $98,444.0. Since the breakout from the seven-month consolidation and the $75k hurdle, the crypto market outlook has turned bullish. While a few altcoins shoot higher, the alt season is yet to begin.

*bitcoin price updated as of 11 PM.

Price of BTC trades at $98,444.0, bringing the year-to-date gain from 56% on October 20 to 108% as of November 18. Although many altcoins have shot up over triple digits, Bitcoin is catching up. Ethereum price’s YTD performance is lackluster, stands at 39%, 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 Price Eyes Bullish End to 2024

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 $1,947.7 billion could push toward the $2 trillion mark.

Bitcoin: The Largest Cryptocurrency

 

While Bitcoin’s market cap hovers around $1,947.7 billion, with Ethereum, the duo controls nearly 65% of the total cryptocurrency market capitalization, which is $2.40 trillion. Despite the seven-month consolidation, Bitcoin’s $1.3 trillion market cap remains strong, anticipating it reaching $2 trillion in 2025.

BTC’s 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 $113.6 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.

Bitcoin Blockchain Upgrades

With a market cap of $1.3 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 (November 2021)
  • Muir Glacier Upgrade (January 2020)
2017-2019
  • Schnorr/Tapscript Upgrade (proposed, not activated)
  • SegWit2x (canceled)
  • Segregated Witness (SegWit) Upgrade (August 2017)
2015-2016
  • Bitcoin Core 0.12.0 Upgrade (February 2016)
  • BIP66 Upgrade (July 2015)
2013-2014
  • Bitcoin Core 0.9.0 Upgrade (March 2014)
  • BIP0016 Upgrade (May 2013)
2010-2012
  • Pay-to-Script-Hash (P2SH) Upgrade (April 2012)
  • Bitcoin Core 0.6.0 Upgrade (June 2011)
2009-2010
  • Bitcoin Core 0.3.0 Upgrade (October 2009)

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Bitcoin Price Forecast For Next Month

Date Price Change
November 18, 202596306.451.53%
November 19, 202597356.042.64%
November 20, 202598405.633.74%
November 21, 202599455.214.85%
November 22, 2025100504.805.96%
November 23, 2025101554.397.06%
November 24, 2025102603.988.17%
November 25, 2025103653.579.28%
November 26, 2025104703.1610.38%
November 27, 2025105752.7511.49%
November 28, 2025106802.3412.6%
November 29, 2025107851.9313.7%
November 30, 2025108901.5114.81%
December 01, 2025109951.1015.92%
December 02, 2025111000.6917.02%
December 03, 2025112050.2818.13%
December 04, 2025113099.8719.24%
December 05, 2025114149.4620.34%
December 06, 2025115199.0521.45%
December 07, 2025116456.6522.77%
December 08, 2025117922.2724.32%
December 09, 2025119387.8925.86%
December 10, 2025120853.5127.41%
December 11, 2025122319.1328.95%
December 12, 2025123784.7530.5%
December 13, 2025125250.3732.04%
December 14, 2025126715.9933.59%
December 15, 2025128181.6135.13%
December 16, 2025129647.2336.68%
December 17, 2025131112.8438.23%

Based on Coingape’s Bitcoin price prediction, investors can expect a double-digit rally that leads to a peak of $104,725 as of November 26, leading to a correction. In a month from now, the largest crypto by market cap could be exchanging hands at around $100k.

Bitcoin Price Forecast Between 2025 and 2029

2025
2026
2027
2028
2029
Month Minimum Price Average Price Maximum Price Potential ROI
January $112,821.69 $128,513.55 $120,667.62 28.5%
February $111,664.82 $125,914.26 $118,789.55 26.5%
March $110,507.96 $123,314.97 $116,911.47 24.5%
April $109,351.09 $120,715.68 $115,033.39 22.5%
May $108,194.23 $118,116.39 $113,155.31 20.5%
June $107,037.36 $115,517.11 $111,277.24 18.5%
July $105,880.50 $112,917.82 $109,399.16 16.5%
August $104,723.63 $110,318.53 $107,521.08 14.5%
September $103,566.77 $107,719.24 $105,643 12.5%
October $102,409.90 $105,119.95 $103,764.93 10.5%
November $101,253.04 $102,520.66 $101,886.85 8.5%
December $100,096.17 $99,921.37 $100,008.77 6.5%
All Time $106,458.93 $114,217.46 $110,338.20 17.5%
Month Minimum Price Average Price Maximum Price Potential ROI
January $115,344.91 $115,865.92 $120,188.96 28%
February $130,593.64 $131,810.48 $140,369.14 49.4%
March $145,842.38 $147,755.03 $160,549.33 70.9%
April $161,091.11 $163,699.58 $180,729.51 92.4%
May $176,339.85 $179,644.13 $200,909.70 113.9%
June $191,588.59 $195,588.69 $221,089.89 135.4%
July $206,837.32 $211,533.24 $241,270.07 156.9%
August $222,086.06 $227,477.79 $261,450.26 178.4%
September $237,334.79 $243,422.34 $281,630.44 199.8%
October $252,583.53 $259,366.90 $301,810.63 221.3%
November $267,832.26 $275,311.45 $321,990.81 242.8%
December $283,081 $291,256 $342,171 264.3%
All Time $199,212.95 $203,560.96 $231,179.98 146.1%
Month Minimum Price Average Price Maximum Price Potential ROI
January $293,105.67 $301,570.33 $354,786.17 277.7%
February $303,130.33 $311,884.67 $367,401.33 291.2%
March $313,155 $322,199 $380,016.50 304.6%
April $323,179.67 $332,513.33 $392,631.67 318%
May $333,204.33 $342,827.67 $405,246.83 331.4%
June $343,229 $353,142 $417,862 344.9%
July $353,253.67 $363,456.33 $430,477.17 358.3%
August $363,278.33 $373,770.67 $443,092.33 371.7%
September $373,303 $384,085 $455,707.50 385.2%
October $383,327.67 $394,399.33 $468,322.67 398.6%
November $393,352.33 $404,713.67 $480,937.83 412%
December $403,377 $415,028 $493,553 425.5%
All Time $348,241.33 $358,299.17 $424,169.58 351.6%
Month Minimum Price Average Price Maximum Price Potential ROI
January $417,320.67 $429,730 $511,190.25 444.2%
February $431,264.33 $444,432 $528,827.50 463%
March $445,208 $459,134 $546,464.75 481.8%
April $459,151.67 $473,836 $564,102 500.6%
May $473,095.33 $488,538 $581,739.25 519.4%
June $487,039 $503,240 $599,376.50 538.1%
July $500,982.67 $517,942 $617,013.75 556.9%
August $514,926.33 $532,644 $634,651 575.7%
September $528,870 $547,346 $652,288.25 594.5%
October $542,813.67 $562,048 $669,925.50 613.2%
November $556,757.33 $576,750 $687,562.75 632%
December $570,701 $591,452 $705,200 650.8%
All Time $494,010.83 $510,591 $608,195.13 547.5%
Month Minimum Price Average Price Maximum Price Potential ROI
January $592,288.17 $613,774.33 $729,717.58 676.9%
February $613,875.33 $636,096.67 $754,235.17 703%
March $635,462.50 $658,419 $778,752.75 729.1%
April $657,049.67 $680,741.33 $803,270.33 755.2%
May $678,636.83 $703,063.67 $827,787.92 781.3%
June $700,224 $725,386 $852,305.50 807.4%
July $721,811.17 $747,708.33 $876,823.08 833.5%
August $743,398.33 $770,030.67 $901,340.67 859.6%
September $764,985.50 $792,353 $925,858.25 885.7%
October $786,572.67 $814,675.33 $950,375.83 911.8%
November $808,159.83 $836,997.67 $974,893.42 937.9%
December $829,747 $859,320 $999,411 964%
All Time $711,017.58 $736,547.17 $864,564.29 820.5%

By 2025, Bitcoin price could hit the six-digit territory, and expect a massive bull run to kickstart in the years leading up to 2029. Coingape’s Bitcoin price prediction notes that BTC could trade between $82,213.41 and $660,471.83 by 2029.

Bitcoin Price Outlook 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 1002.6%
February $891,829.50 $922,202.50 $1,071,881.50 1041.2%
March $922,870.75 $953,643.75 $1,108,116.75 1079.8%
April $953,912 $985,085 $1,144,352 1118.3%
May $984,953.25 $1,016,526.25 $1,180,587.25 1156.9%
June $1,015,994.50 $1,047,967.50 $1,216,822.50 1195.5%
July $1,047,035.75 $1,079,408.75 $1,253,057.75 1234.1%
August $1,078,077 $1,110,850 $1,289,293 1272.7%
September $1,109,118.25 $1,142,291.25 $1,325,528.25 1311.2%
October $1,140,159.50 $1,173,732.50 $1,361,763.50 1349.8%
November $1,171,200.75 $1,205,173.75 $1,397,998.75 1388.4%
December $1,202,242 $1,236,615 $1,434,234 1427%
All Time $1,031,515.13 $1,063,688.13 $1,234,940.13 1214.8%
Month Minimum Price Average Price Maximum Price Potential ROI
January $1,255,606.58 $1,292,267.75 $1,489,974.50 1486.3%
February $1,308,971.17 $1,347,920.50 $1,545,715 1545.7%
March $1,362,335.75 $1,403,573.25 $1,601,455.50 1605%
April $1,415,700.33 $1,459,226 $1,657,196 1664.3%
May $1,469,064.92 $1,514,878.75 $1,712,936.50 1723.7%
June $1,522,429.50 $1,570,531.50 $1,768,677 1783%
July $1,575,794.08 $1,626,184.25 $1,824,417.50 1842.4%
August $1,629,158.67 $1,681,837 $1,880,158 1901.7%
September $1,682,523.25 $1,737,489.75 $1,935,898.50 1961.1%
October $1,735,887.83 $1,793,142.50 $1,991,639 2020.4%
November $1,789,252.42 $1,848,795.25 $2,047,379.50 2079.8%
December $1,842,617 $1,904,448 $2,103,120 2139.1%
All Time $1,549,111.79 $1,598,357.88 $1,796,547.25 1812.7%
Month Minimum Price Average Price Maximum Price Potential ROI
January $1,915,558.67 $1,978,585.25 $2,194,599.50 2236.5%
February $1,988,500.33 $2,052,722.50 $2,286,079 2333.9%
March $2,061,442 $2,126,859.75 $2,377,558.50 2431.3%
April $2,134,383.67 $2,200,997 $2,469,038 2528.7%
May $2,207,325.33 $2,275,134.25 $2,560,517.50 2626.1%
June $2,280,267 $2,349,271.50 $2,651,997 2723.5%
July $2,353,208.67 $2,423,408.75 $2,743,476.50 2820.9%
August $2,426,150.33 $2,497,546 $2,834,956 2918.3%
September $2,499,092 $2,571,683.25 $2,926,435.50 3015.6%
October $2,572,033.67 $2,645,820.50 $3,017,915 3113%
November $2,644,975.33 $2,719,957.75 $3,109,394.50 3210.4%
December $2,717,917 $2,794,095 $3,200,874 3307.8%
All Time $2,316,737.83 $2,386,340.13 $2,697,736.75 2772.2%
Month Minimum Price Average Price Maximum Price Potential ROI
January $2,817,183.50 $2,896,327 $3,323,170.25 3438%
February $2,916,450 $2,998,559 $3,445,466.50 3568.2%
March $3,015,716.50 $3,100,791 $3,567,762.75 3698.4%
April $3,114,983 $3,203,023 $3,690,059 3828.6%
May $3,214,249.50 $3,305,255 $3,812,355.25 3958.8%
June $3,313,516 $3,407,487 $3,934,651.50 4089.1%
July $3,412,782.50 $3,509,719 $4,056,947.75 4219.3%
August $3,512,049 $3,611,951 $4,179,244 4349.5%
September $3,611,315.50 $3,714,183 $4,301,540.25 4479.7%
October $3,710,582 $3,816,415 $4,423,836.50 4609.9%
November $3,809,848.50 $3,918,647 $4,546,132.75 4740.1%
December $3,909,115 $4,020,879 $4,668,429 4870.3%
All Time $3,363,149.25 $3,458,603 $3,995,799.63 4154.2%
Month Minimum Price Average Price Maximum Price Potential ROI
January $5,501,903.50 $6,011,214.58 $6,285,974.17 6592.4%
February $5,495,202 $5,991,110.17 $6,259,168.33 6563.9%
March $5,488,500.50 $5,971,005.75 $6,232,362.50 6535.3%
April $5,481,799 $5,950,901.33 $6,205,556.67 6506.8%
May $5,475,097.50 $5,930,796.92 $6,178,750.83 6478.2%
June $5,468,396 $5,910,692.50 $6,151,945 6449.7%
July $5,461,694.50 $5,890,588.08 $6,125,139.17 6421.2%
August $5,454,993 $5,870,483.67 $6,098,333.33 6392.6%
September $5,448,291.50 $5,850,379.25 $6,071,527.50 6364.1%
October $5,441,590 $5,830,274.83 $6,044,721.67 6335.6%
November $5,434,888.50 $5,810,170.42 $6,017,915.83 6307%
December $5,428,187 $5,790,066 $5,991,110 6278.5%
All Time $5,465,045.25 $5,900,640.29 $6,138,542.08 6435.4%
Month Minimum Price Average Price Maximum Price Potential ROI
January $7,013,083.67 $7,344,805.92 $7,612,864.75 8005.1%
February $7,029,837.33 $7,371,611.83 $7,666,476.50 8062.2%
March $7,046,591 $7,398,417.75 $7,720,088.25 8119.2%
April $7,063,344.67 $7,425,223.67 $7,773,700 8176.3%
May $7,080,098.33 $7,452,029.58 $7,827,311.75 8233.4%
June $7,096,852 $7,478,835.50 $7,880,923.50 8290.5%
July $7,113,605.67 $7,505,641.42 $7,934,535.25 8347.6%
August $7,130,359.33 $7,532,447.33 $7,988,147 8404.6%
September $7,147,113 $7,559,253.25 $8,041,758.75 8461.7%
October $7,163,866.67 $7,586,059.17 $8,095,370.50 8518.8%
November $7,180,620.33 $7,612,865.08 $8,148,982.25 8575.9%
December $7,197,374 $7,639,671 $8,202,594 8632.9%
All Time $7,105,228.83 $7,492,238.46 $7,907,729.38 8319%

The bullish explosive trend noted up to 2029 will continue for BTC based on CoinGape predictions and potentially push the average price of BTC in 2050 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.

How Will Bitcoin Price React to $3 Billion Buying Spree?

Michael Saylor, the CEO and founder of MicroStrategy, has increased the size of its convertible note from $1.75 billion to $2.6 billion. This suggests that the company will continue its BTC buying spree.

According to the announcement, the offering will close today, November 21, and is aimed at high-net-worth investors with a maturity of 2029. The blog also added,

“The notes will be sold in a private offering only to persons reasonably believed to be qualified institutional buyers.”

Investors need to note that the latest offerings has not finished yet, as MicroStrategy announces the new offering.

On a side note, here’s Michael Saylor’s tweet from two days ago.

Although this is fundamentally bullish for Bitcoin, the implication of this might not be felt in the short term. The lack of influence on BTC’s value can be attributed to over-the-counter (OTC) deals. Institutions or high-net-worth individuals use methods to conceal their buys in the short term and do not affect the market price of the underlying asset.

Regardless, the outlook is bullish, and the momentum is strong, so it wouldn’t be surprising if Bitcoin hits $100,000 before November ends.

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

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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.