Bitcoin Price Today: Will BTC’s Parabolic Run Begin After $100K?

Bitcoin price hits $100,000, a historic level that has never happened before. What does this mean for BTC and altcoins? Has bull run begun?
By Akash Girimath
November 23, 2024 | Updated November 23, 2024
Bitcoin Price Today: BTC Is Up 2.37%, Trades At $107,046

Highlights

  • Bitcoin price today is breaking even and is likely to continue its ascent.
  • BTC is just less then $400 away from hitting the historic six-digit figure of $100,000.
  • Analyst forecasts Bitcoin's parabolic phase will begin after crossing the $100,000 level.

Bitcoin (BTC) price today trades at $97,676.0 as of 11 PM. BTC price hit a daily high of $99,021.0 today after rallying -1.21% on September 23.

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Why Is Bitcoin Price Up Today?

Bitcoin price today is up -1.21% and currently auctions around $97,676.0. With BTC sustaining above $90,000, investors have been eager to see it tag $100,000, a historic six-digit level. While some altcoins are shooting up, most are waiting for BTC to cool off.

*bitcoin price updated as of 11 PM.

Value of BTC trades at $97,676.0, 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 $1,931.6 billion could push toward the $2 trillion mark.

Bitcoin: The Largest Cryptocurrency

While Bitcoin’s market cap hovers around $1,931.6 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 $49.0 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 30 Days

Date Price Change
September 22, 2025116086.590.33%
September 23, 2025117985.311.97%
September 24, 2025119974.353.69%
September 25, 2025122625.685.98%
September 26, 2025125109.608.12%
September 27, 2025127063.399.81%
September 28, 2025128051.5410.67%
September 29, 2025127323.0110.04%
September 30, 2025126331.329.18%
October 01, 2025125054.558.08%
October 02, 2025124765.147.83%
October 03, 2025125133.968.15%
October 04, 2025125724.308.66%
October 05, 2025126400.789.24%
October 06, 2025126430.339.27%
October 07, 2025126336.659.18%
October 08, 2025125976.378.87%
October 09, 2025125609.638.56%
October 10, 2025125296.268.29%
October 11, 2025125051.818.07%
October 12, 2025125083.018.1%
October 13, 2025124548.337.64%
October 14, 2025122811.166.14%
October 15, 2025121626.355.11%
October 16, 2025121144.574.7%
October 17, 2025120764.344.37%
October 18, 2025120463.924.11%
October 19, 2025119684.933.44%
October 20, 2025118680.732.57%
October 21, 2025118926.122.78%

Based on Coingape’s Bitcoin price prediction, investors can expect a double-digit rally that leads to a peak of $110,724 in the coming month. While there may be a brief correction, BTC’s trend remains bullish. Bitcoin Price Forecast Between 2025 and 2029

Bitcoin Price Prediction From 2025 to 2029

2025
2026
2027
2028
2029
Month Minimum Price Average Price Maximum Price Potential ROI
January $110,799.62 $125,700.07 $118,249.84 2.2%
February $109,829.87 $123,348.60 $116,589.24 0.78%
March $108,860.13 $120,997.13 $114,928.63 -0.7%
April $107,890.38 $118,645.66 $113,268.02 -2.1%
May $106,920.64 $116,294.19 $111,607.41 -3.5%
June $105,950.89 $113,942.72 $109,946.81 -5%
July $104,981.15 $111,591.24 $108,286.20 -6.4%
August $104,011.40 $109,239.77 $106,625.59 -7.8%
September $103,041.66 $106,888.30 $104,964.98 -9.3%
October $102,071.91 $104,536.83 $103,304.38 -10.7%
November $101,102.17 $102,185.36 $101,643.77 -12.1%
December $100,132.42 $99,833.89 $99,983.16 -13.6%
All Time $105,466.02 $112,766.98 $109,116.50 -5.7%
Month Minimum Price Average Price Maximum Price Potential ROI
January $114,508.80 $114,865.57 $118,355.73 2.3%
February $128,885.18 $129,897.24 $136,728.30 18.2%
March $143,261.57 $144,928.92 $155,100.87 34.1%
April $157,637.95 $159,960.59 $173,473.44 49.9%
May $172,014.33 $174,992.27 $191,846.01 65.8%
June $186,390.71 $190,023.95 $210,218.58 81.7%
July $200,767.09 $205,055.62 $228,591.15 97.6%
August $215,143.47 $220,087.30 $246,963.72 113.5%
September $229,519.86 $235,118.97 $265,336.29 129.3%
October $243,896.24 $250,150.65 $283,708.86 145.2%
November $258,272.62 $265,182.32 $302,081.43 161.1%
December $272,649 $280,214 $320,454 177%
All Time $193,578.90 $197,539.78 $219,404.87 89.6%
Month Minimum Price Average Price Maximum Price Potential ROI
January $282,268.67 $290,137.33 $333,348.67 188.1%
February $291,888.33 $300,060.67 $346,243.33 199.3%
March $301,508 $309,984 $359,138 210.4%
April $311,127.67 $319,907.33 $372,032.67 221.6%
May $320,747.33 $329,830.67 $384,927.33 232.7%
June $330,367 $339,754 $397,822 243.9%
July $339,986.67 $349,677.33 $410,716.67 255%
August $349,606.33 $359,600.67 $423,611.33 266.2%
September $359,226 $369,524 $436,506 277.3%
October $368,845.67 $379,447.33 $449,400.67 288.4%
November $378,465.33 $389,370.67 $462,295.33 299.6%
December $388,085 $399,294 $475,190 310.7%
All Time $335,176.83 $344,715.67 $404,269.33 249.4%
Month Minimum Price Average Price Maximum Price Potential ROI
January $401,823.83 $413,429.75 $491,885.33 325.2%
February $415,562.67 $427,565.50 $508,580.67 339.6%
March $429,301.50 $441,701.25 $525,276 354%
April $443,040.33 $455,837 $541,971.33 368.5%
May $456,779.17 $469,972.75 $558,666.67 382.9%
June $470,518 $484,108.50 $575,362 397.3%
July $484,256.83 $498,244.25 $592,057.33 411.8%
August $497,995.67 $512,380 $608,752.67 426.2%
September $511,734.50 $526,515.75 $625,448 440.6%
October $525,473.33 $540,651.50 $642,143.33 455%
November $539,212.17 $554,787.25 $658,838.67 469.5%
December $552,951 $568,923 $675,534 483.9%
All Time $477,387.42 $491,176.38 $583,709.67 404.5%
Month Minimum Price Average Price Maximum Price Potential ROI
January $573,864 $590,401.42 $699,335.58 504.5%
February $594,777 $611,879.83 $723,137.17 525.1%
March $615,690 $633,358.25 $746,938.75 545.6%
April $636,603 $654,836.67 $770,740.33 566.2%
May $657,516 $676,315.08 $794,541.92 586.8%
June $678,429 $697,793.50 $818,343.50 607.3%
July $699,342 $719,271.92 $842,145.08 627.9%
August $720,255 $740,750.33 $865,946.67 648.5%
September $741,168 $762,228.75 $889,748.25 669.1%
October $762,081 $783,707.17 $913,549.83 689.6%
November $782,994 $805,185.58 $937,351.42 710.2%
December $803,907 $826,664 $961,153 730.8%
All Time $688,885.50 $708,532.71 $830,244.29 617.6%

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.

How Will Bitcoin Price Fare between 2030 and 2050

2030
2031
2032
2033
2040
2050
Month Minimum Price Average Price Maximum Price Potential ROI
January $834,238 $857,854.08 $994,227.33 759.4%
February $864,569 $889,044.17 $1,027,301.67 788%
March $894,900 $920,234.25 $1,060,376 816.6%
April $925,231 $951,424.33 $1,093,450.33 845.1%
May $955,562 $982,614.42 $1,126,524.67 873.7%
June $985,893 $1,013,804.50 $1,159,599 902.3%
July $1,016,224 $1,044,994.58 $1,192,673.33 930.9%
August $1,046,555 $1,076,184.67 $1,225,747.67 959.5%
September $1,076,886 $1,107,374.75 $1,258,822 988.1%
October $1,107,217 $1,138,564.83 $1,291,896.33 1016.7%
November $1,137,548 $1,169,754.92 $1,324,970.67 1045.3%
December $1,167,879 $1,200,945 $1,358,045 1073.8%
All Time $1,001,058.50 $1,029,399.54 $1,176,136.17 916.6%
Month Minimum Price Average Price Maximum Price Potential ROI
January $1,212,409.25 $1,247,723.67 $1,412,334.83 1120.8%
February $1,256,939.50 $1,294,502.33 $1,466,624.67 1167.7%
March $1,301,469.75 $1,341,281 $1,520,914.50 1214.6%
April $1,346,000 $1,388,059.67 $1,575,204.33 1261.5%
May $1,390,530.25 $1,434,838.33 $1,629,494.17 1308.5%
June $1,435,060.50 $1,481,617 $1,683,784 1355.4%
July $1,479,590.75 $1,528,395.67 $1,738,073.83 1402.3%
August $1,524,121 $1,575,174.33 $1,792,363.67 1449.3%
September $1,568,651.25 $1,621,953 $1,846,653.50 1496.2%
October $1,613,181.50 $1,668,731.67 $1,900,943.33 1543.1%
November $1,657,711.75 $1,715,510.33 $1,955,233.17 1590%
December $1,702,242 $1,762,289 $2,009,523 1637%
All Time $1,457,325.63 $1,505,006.33 $1,710,928.92 1378.9%
Month Minimum Price Average Price Maximum Price Potential ROI
January $1,772,046.25 $1,832,963.58 $2,090,140.83 1706.6%
February $1,841,850.50 $1,903,638.17 $2,170,758.67 1776.3%
March $1,911,654.75 $1,974,312.75 $2,251,376.50 1846%
April $1,981,459 $2,044,987.33 $2,331,994.33 1915.7%
May $2,051,263.25 $2,115,661.92 $2,412,612.17 1985.4%
June $2,121,067.50 $2,186,336.50 $2,493,230 2055.1%
July $2,190,871.75 $2,257,011.08 $2,573,847.83 2124.7%
August $2,260,676 $2,327,685.67 $2,654,465.67 2194.4%
September $2,330,480.25 $2,398,360.25 $2,735,083.50 2264.1%
October $2,400,284.50 $2,469,034.83 $2,815,701.33 2333.8%
November $2,470,088.75 $2,539,709.42 $2,896,319.17 2403.5%
December $2,539,893 $2,610,384 $2,976,937 2473.2%
All Time $2,155,969.63 $2,221,673.79 $2,533,538.92 2089.9%
Month Minimum Price Average Price Maximum Price Potential ROI
January $2,645,957.08 $2,721,450.42 $3,095,764.92 2575.9%
February $2,752,021.17 $2,832,516.83 $3,214,592.83 2678.6%
March $2,858,085.25 $2,943,583.25 $3,333,420.75 2781.3%
April $2,964,149.33 $3,054,649.67 $3,452,248.67 2884%
May $3,070,213.42 $3,165,716.08 $3,571,076.58 2986.7%
June $3,176,277.50 $3,276,782.50 $3,689,904.50 3089.4%
July $3,282,341.58 $3,387,848.92 $3,808,732.42 3192.1%
August $3,388,405.67 $3,498,915.33 $3,927,560.33 3294.8%
September $3,494,469.75 $3,609,981.75 $4,046,388.25 3397.6%
October $3,600,533.83 $3,721,048.17 $4,165,216.17 3500.3%
November $3,706,597.92 $3,832,114.58 $4,284,044.08 3603%
December $3,812,662 $3,943,181 $4,402,872 3705.7%
All Time $3,229,309.54 $3,332,315.71 $3,749,318.46 3140.8%
Month Minimum Price Average Price Maximum Price Potential ROI
January $3,941,834 $4,100,908.25 $4,568,295.42 3848.7%
February $4,071,006 $4,258,635.50 $4,733,718.83 3991.7%
March $4,200,178 $4,416,362.75 $4,899,142.25 4134.6%
April $4,329,350 $4,574,090 $5,064,565.67 4277.6%
May $4,458,522 $4,731,817.25 $5,229,989.08 4420.6%
June $4,587,694 $4,889,544.50 $5,395,412.50 4563.6%
July $4,716,866 $5,047,271.75 $5,560,835.92 4706.6%
August $4,846,038 $5,204,999 $5,726,259.33 4849.6%
September $4,975,210 $5,362,726.25 $5,891,682.75 4992.6%
October $5,104,382 $5,520,453.50 $6,057,106.17 5135.5%
November $5,233,554 $5,678,180.75 $6,222,529.58 5278.5%
December $5,362,726 $5,835,908 $6,387,953 5421.5%
All Time $4,652,280 $4,968,408.13 $5,478,124.21 4635.1%
Month Minimum Price Average Price Maximum Price Potential ROI
January $5,464,591.50 $5,937,773.50 $6,463,530.67 5486.8%
February $5,566,457 $6,039,639 $6,539,108.33 5552.2%
March $5,668,322.50 $6,141,504.50 $6,614,686 5617.5%
April $5,770,188 $6,243,370 $6,690,263.67 5682.8%
May $5,872,053.50 $6,345,235.50 $6,765,841.33 5748.1%
June $5,973,919 $6,447,101 $6,841,419 5813.5%
July $6,075,784.50 $6,548,966.50 $6,916,996.67 5878.8%
August $6,177,650 $6,650,832 $6,992,574.33 5944.1%
September $6,279,515.50 $6,752,697.50 $7,068,152 6009.5%
October $6,381,381 $6,854,563 $7,143,729.67 6074.8%
November $6,483,246.50 $6,956,428.50 $7,219,307.33 6140.1%
December $6,585,112 $7,058,294 $7,294,885 6205.4%
All Time $6,024,851.75 $6,498,033.75 $6,879,207.83 5846.1%

Roughly five years from now, aka 2023, 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 Edges Closer to $100,000

Bitcoin price peaked at $99,690 on Friday but failed to hit the $ 100,00 mark. Almost everybody believed BTC would tag this key level. With the start of the weekend, the outlook is uncertain due to thin liquidity and volume. The volatility is extremely high due to a lack of volume so that the price could move either way.

As discussed in Thursday and Friday’s BTC articles, the breakout from the rangebound movement has pushed BTC to retest the 161.8% and 200% Fibonacci extension levels at $96,747 and $98,817, respectively. If the bullish momentum persists and investors take a break from booking profits, the 261.8% Fibonacci extension level at $102,164 is the next target.

BTC/USDT 1-hour chart
BTC/USDT 1-hour chart

While everybody is enjoying the bull run gains, some are cautious and are warning investors of top signals. Pentoshi, a popular crypto influencer, posted one such sell signal – Coinbase App Store ranking. According to the analyst, the crypto top is when Coinbase becomes the most downloaded application on Apple’s app store.

Below is a chart that shows how the last two cycle tops were formed when Coinbase was the most downloaded application.

BTC Price vs. Coinbase App Ranking
BTC Price vs. Coinbase App Ranking

Additionally, Charles Edward of Capriole Fund recently mentioned that the bull run has yet to begin. According to his thesis, the parabolic phase of Bitcoin will start after $100,000.

While the influencer outlines many other top signals, since it is the start of the bull run, investors need not worry about a top formation. Moreover, the Mars-Vesta Thesis notes that the next cycle top for BTC should form in October 2025.

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.