Bitcoin Price Today: What’s Next After BTC Hits $100,000?

Bitcoin price is just 1% move away from touching the $100,000 psychological level. Explore what's next for BTC after this historic moment.
By Akash Girimath
November 22, 2024 | Updated November 22, 2024
Bitcoin Price Today: BTC Is Up 2.37%, Trades At $107,046

Highlights

  • Bitcoin price today is up 0.45% and is likely to continue this bullish outlook.
  • If the bullish outlook continues, BTC could hit $100K today.
  • Diverging price, open interest and CVD hints that a short-term correction could be due for BTC.
  • However, the long-term outlook remains massively bullish with some suggesting that Bitcoin's parabolic phase is yet to start.

Bitcoin (BTC) price today trades at $98,879.0 as of 11 PM. BTC price hit a daily high of $99,645.0 today after rallying 0.28% on September 11.

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Why Is Bitcoin Price Up Today?

Bitcoin price today is up 0.28% today and currently auctions around $98,879.0. 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.

Value of BTC trades at $98,879.0, 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.

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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 $1,955.4 billion could push toward the $2 trillion mark.

Bitcoin: The Largest Cryptocurrency

While Bitcoin’s market cap hovers around $1,955.4 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 $89.6 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.

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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 (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 Forecast For Next Month

Date Price Change
September 10, 2025113006.500.21%
September 11, 2025114884.141.87%
September 12, 2025116761.783.54%
September 13, 2025119294.375.79%
September 14, 2025121916.268.11%
September 15, 2025124013.909.97%
September 16, 2025125946.0011.68%
September 17, 2025126180.4711.89%
September 18, 2025125460.0211.25%
September 19, 2025124457.6610.36%
September 20, 2025123195.069.24%
September 21, 2025122583.408.7%
September 22, 2025122948.139.03%
September 23, 2025123398.049.42%
September 24, 2025124067.0210.02%
September 25, 2025124614.1310.5%
September 26, 2025124521.4910.42%
September 27, 2025124417.8610.33%
September 28, 2025124050.6110%
September 29, 2025123683.359.68%
September 30, 2025123368.879.4%
October 01, 2025123058.989.12%
October 02, 2025123021.699.09%
October 03, 2025123052.549.12%
October 04, 2025121894.268.09%
October 05, 2025120176.376.57%
October 06, 2025119153.705.66%
October 07, 2025118677.265.24%
October 08, 2025118279.734.89%
October 09, 2025117982.654.62%

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 $92,300.

Bitcoin Price Forecast Between 2025 and 2029

2025
2026
2027
2028
2029
Month Minimum Price Average Price Maximum Price Potential ROI
January $108,715.24 $123,998.49 $116,356.87 3.9%
February $107,936.76 $121,816.52 $114,876.65 2.6%
March $107,158.28 $119,634.54 $113,396.42 1.3%
April $106,379.80 $117,452.57 $111,916.19 0%
May $105,601.32 $115,270.59 $110,435.96 -1.3%
June $104,822.85 $113,088.62 $108,955.74 -2.7%
July $104,044.37 $110,906.64 $107,475.51 -4%
August $103,265.89 $108,724.66 $105,995.28 -5.3%
September $102,487.41 $106,542.69 $104,515.05 -6.6%
October $101,708.93 $104,360.71 $103,034.83 -8%
November $100,930.45 $102,178.74 $101,554.60 -9.3%
December $100,151.97 $99,996.76 $100,074.37 -10.6%
All Time $104,433.61 $111,997.63 $108,215.62 -3.3%
Month Minimum Price Average Price Maximum Price Potential ROI
January $114,494.39 $114,981.70 $118,035.59 5.4%
February $128,836.81 $129,966.63 $135,996.81 21.5%
March $143,179.23 $144,951.57 $153,958.03 37.5%
April $157,521.65 $159,936.51 $171,919.25 53.6%
May $171,864.07 $174,921.44 $189,880.47 69.6%
June $186,206.49 $189,906.38 $207,841.69 85.7%
July $200,548.90 $204,891.32 $225,802.90 101.7%
August $214,891.32 $219,876.25 $243,764.12 117.8%
September $229,233.74 $234,861.19 $261,725.34 133.8%
October $243,576.16 $249,846.13 $279,686.56 149.9%
November $257,918.58 $264,831.06 $297,647.78 165.9%
December $272,261 $279,816 $315,609 181.9%
All Time $193,377.69 $197,398.85 $216,822.29 93.7%
Month Minimum Price Average Price Maximum Price Potential ROI
January $282,285.33 $290,376.67 $329,067.33 194%
February $292,309.67 $300,937.33 $342,525.67 206%
March $302,334 $311,498 $355,984 218%
April $312,358.33 $322,058.67 $369,442.33 230%
May $322,382.67 $332,619.33 $382,900.67 242.1%
June $332,407 $343,180 $396,359 254.1%
July $342,431.33 $353,740.67 $409,817.33 266.1%
August $352,455.67 $364,301.33 $423,275.67 278.1%
September $362,480 $374,862 $436,734 290.2%
October $372,504.33 $385,422.67 $450,192.33 302.2%
November $382,528.67 $395,983.33 $463,650.67 314.2%
December $392,553 $406,544 $477,109 326.2%
All Time $337,419.17 $348,460.33 $403,088.17 260.1%
Month Minimum Price Average Price Maximum Price Potential ROI
January $405,953.25 $420,472.33 $493,332.75 340.7%
February $419,353.50 $434,400.67 $509,556.50 355.2%
March $432,753.75 $448,329 $525,780.25 369.7%
April $446,154 $462,257.33 $542,004 384.2%
May $459,554.25 $476,185.67 $558,227.75 398.7%
June $472,954.50 $490,114 $574,451.50 413.2%
July $486,354.75 $504,042.33 $590,675.25 427.7%
August $499,755 $517,970.67 $606,899 442.2%
September $513,155.25 $531,899 $623,122.75 456.7%
October $526,555.50 $545,827.33 $639,346.50 471.2%
November $539,955.75 $559,755.67 $655,570.25 485.6%
December $553,356 $573,684 $671,794 500.1%
All Time $479,654.63 $497,078.17 $582,563.38 420.4%
Month Minimum Price Average Price Maximum Price Potential ROI
January $570,858.67 $591,405 $696,123.50 521.9%
February $588,361.33 $609,126 $720,453 543.6%
March $605,864 $626,847 $744,782.50 565.3%
April $623,366.67 $644,568 $769,112 587.1%
May $640,869.33 $662,289 $793,441.50 608.8%
June $658,372 $680,010 $817,771 630.6%
July $675,874.67 $697,731 $842,100.50 652.3%
August $693,377.33 $715,452 $866,430 674%
September $710,880 $733,173 $890,759.50 695.8%
October $728,382.67 $750,894 $915,089 717.5%
November $745,885.33 $768,615 $939,418.50 739.2%
December $763,388 $786,336 $963,748 761%
All Time $667,123.33 $688,870.50 $829,935.75 641.4%

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 $794,214.25 $817,871.08 $995,422.83 789.3%
February $825,040.50 $849,406.17 $1,027,097.67 817.6%
March $855,866.75 $880,941.25 $1,058,772.50 845.8%
April $886,693 $912,476.33 $1,090,447.33 874.1%
May $917,519.25 $944,011.42 $1,122,122.17 902.4%
June $948,345.50 $975,546.50 $1,153,797 930.7%
July $979,171.75 $1,007,081.58 $1,185,471.83 959%
August $1,009,998 $1,038,616.67 $1,217,146.67 987.3%
September $1,040,824.25 $1,070,151.75 $1,248,821.50 1015.6%
October $1,071,650.50 $1,101,686.83 $1,280,496.33 1043.9%
November $1,102,476.75 $1,133,221.92 $1,312,171.17 1072.2%
December $1,133,303 $1,164,757 $1,343,846 1100.5%
All Time $963,758.63 $991,314.04 $1,169,634.42 944.9%
Month Minimum Price Average Price Maximum Price Potential ROI
January $1,184,941.08 $1,218,627.08 $1,396,940.17 1147.9%
February $1,236,579.17 $1,272,497.17 $1,450,034.33 1195.4%
March $1,288,217.25 $1,326,367.25 $1,503,128.50 1242.8%
April $1,339,855.33 $1,380,237.33 $1,556,222.67 1290.2%
May $1,391,493.42 $1,434,107.42 $1,609,316.83 1337.7%
June $1,443,131.50 $1,487,977.50 $1,662,411 1385.1%
July $1,494,769.58 $1,541,847.58 $1,715,505.17 1432.5%
August $1,546,407.67 $1,595,717.67 $1,768,599.33 1480%
September $1,598,045.75 $1,649,587.75 $1,821,693.50 1527.4%
October $1,649,683.83 $1,703,457.83 $1,874,787.67 1574.8%
November $1,701,321.92 $1,757,327.92 $1,927,881.83 1622.3%
December $1,752,960 $1,811,198 $1,980,976 1669.7%
All Time $1,468,950.54 $1,514,912.54 $1,688,958.08 1408.8%
Month Minimum Price Average Price Maximum Price Potential ROI
January $1,825,094.33 $1,886,025.83 $2,070,736.75 1749.9%
February $1,897,228.67 $1,960,853.67 $2,160,497.50 1830.1%
March $1,969,363 $2,035,681.50 $2,250,258.25 1910.3%
April $2,041,497.33 $2,110,509.33 $2,340,019 1990.4%
May $2,113,631.67 $2,185,337.17 $2,429,779.75 2070.6%
June $2,185,766 $2,260,165 $2,519,540.50 2150.8%
July $2,257,900.33 $2,334,992.83 $2,609,301.25 2231%
August $2,330,034.67 $2,409,820.67 $2,699,062 2311.2%
September $2,402,169 $2,484,648.50 $2,788,822.75 2391.4%
October $2,474,303.33 $2,559,476.33 $2,878,583.50 2471.6%
November $2,546,437.67 $2,634,304.17 $2,968,344.25 2551.8%
December $2,618,572 $2,709,132 $3,058,105 2631.9%
All Time $2,221,833.17 $2,297,578.92 $2,564,420.88 2190.9%
Month Minimum Price Average Price Maximum Price Potential ROI
January $2,713,027 $2,805,070.83 $3,185,226.08 2745.5%
February $2,807,482 $2,901,009.67 $3,312,347.17 2859.1%
March $2,901,937 $2,996,948.50 $3,439,468.25 2972.6%
April $2,996,392 $3,092,887.33 $3,566,589.33 3086.2%
May $3,090,847 $3,188,826.17 $3,693,710.42 3199.8%
June $3,185,302 $3,284,765 $3,820,831.50 3313.3%
July $3,279,757 $3,380,703.83 $3,947,952.58 3426.9%
August $3,374,212 $3,476,642.67 $4,075,073.67 3540.4%
September $3,468,667 $3,572,581.50 $4,202,194.75 3654%
October $3,563,122 $3,668,520.33 $4,329,315.83 3767.6%
November $3,657,577 $3,764,459.17 $4,456,436.92 3881.1%
December $3,752,032 $3,860,398 $4,583,558 3994.7%
All Time $3,232,529.50 $3,332,734.42 $3,884,392.04 3370.1%
Month Minimum Price Average Price Maximum Price Potential ROI
January $3,896,176.42 $4,018,030.92 $4,706,663.50 4104.7%
February $4,040,320.83 $4,175,663.83 $4,829,769 4214.6%
March $4,184,465.25 $4,333,296.75 $4,952,874.50 4324.6%
April $4,328,609.67 $4,490,929.67 $5,075,980 4434.6%
May $4,472,754.08 $4,648,562.58 $5,199,085.50 4544.6%
June $4,616,898.50 $4,806,195.50 $5,322,191 4654.5%
July $4,761,042.92 $4,963,828.42 $5,445,296.50 4764.5%
August $4,905,187.33 $5,121,461.33 $5,568,402 4874.5%
September $5,049,331.75 $5,279,094.25 $5,691,507.50 4984.5%
October $5,193,476.17 $5,436,727.17 $5,814,613 5094.4%
November $5,337,620.58 $5,594,360.08 $5,937,718.50 5204.4%
December $5,481,765 $5,751,993 $6,060,824 5314.4%
All Time $4,688,970.71 $4,885,011.96 $5,383,743.75 4709.5%
Month Minimum Price Average Price Maximum Price Potential ROI
January $5,620,095.92 $5,887,106.92 $6,186,287 5426.5%
February $5,758,426.83 $6,022,220.83 $6,311,750 5538.6%
March $5,896,757.75 $6,157,334.75 $6,437,213 5650.6%
April $6,035,088.67 $6,292,448.67 $6,562,676 5762.7%
May $6,173,419.58 $6,427,562.58 $6,688,139 5874.8%
June $6,311,750.50 $6,562,676.50 $6,813,602 5986.9%
July $6,450,081.42 $6,697,790.42 $6,939,065 6099%
August $6,588,412.33 $6,832,904.33 $7,064,528 6211.1%
September $6,726,743.25 $6,968,018.25 $7,189,991 6323.1%
October $6,865,074.17 $7,103,132.17 $7,315,454 6435.2%
November $7,003,405.08 $7,238,246.08 $7,440,917 6547.3%
December $7,141,736 $7,373,360 $7,566,380 6659.4%
All Time $6,380,915.96 $6,630,233.46 $6,876,333.50 6042.9%

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.

Bitcoin Price Today Hits $100k, But What’s Next?

With Bitcoin price trading just 1.40% away from $100,000 on November 22, investors are confident that today is the day BTC hits that key six-digit psychological level. While it is a moment to celebrate, investors need to be prepared for what comes next.

In the short-term, techncials hint that a correction could occur. In the long term, however, the outlook couldn’t be more bullish. The minor pullback is mainly due to the divergence spotted between price and open interest on the one-hour chart. When price slopes upward but OI drops, it indicates that there is profit-taking. As a result, a correction could be brewing.  Further cementing this correction is the Cumulative Volume Delta (CVD) is also sliding lower, which shows that there are more sell orders than buy orders. Since CVD is the difference between the buy and sell volumes, it confirms the profit-taking thesis.

BTC/USDT 1-hour Chart
BTC/USDT 1-hour Chart

The short-term outlook could include BTC hitting $100k followed by a sideways movement or a correction over the weekend, followed by a massive rally with the start of a new week.

BTC’s Long Term Outlook Remains Extremely Bullish

From a historical standpoint, this bullish outlook witnessed is just the start. Typically, bull runs reach full potential in the fourth quarter. Since October was lackluster, the rally began in November, allowing BTC to surge 47% in just 22 days. Investors are also expecting this rally to continue in December and next year.

Charles Edwards of Capriole Fund posted on X that Bitcoin’s parabolic phase that happens once “every 4 years” will begin after $100k.

BTC Price Price Performance Since Cycle Low
BTC Price Price Performance Since Cycle Low

So investors looking to open futures positions need to be careful that with Bitcoin hitting $100k today, volatility could pick up. Furthermore, lack of liquidity during weekends could add to this volatility. Hence, caution is advised going forward.

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.