Bitcoin Price Crashes 8%, Will BTC Recover?
Highlights
- Bitcoin price today is down 8% from the all-time high of $99,690.
- Technicals suggest that a recovery rally to $100,000 is likely if $92,357 support level holds.
- A breakdown of $92,537 could send BTC below $90,000.
After approaching $99,690 on November 22, BTC extended the weekend crash, leading to a 7.09% correction in total. As a result, Bitcoin formed a potential swing low at $92,620 on Monday and is not attempting a pullback. Will Bitcoin recover and visit $100,000 or continue its descent? Bitcoin (BTC) price today trades at $91,826.0 on 11 PM. BTC price hit a daily high of $94,962.0 today after a -1.67% move on October 15.
Bitcoin Price Today Crashes 7%
As mentioned, Bitcoin price today is up -1.67% and currently auctions around $91,826.0. Despite the recent drop, BTC shows signs of recovery and trades around $91,826.0. Many were seen preemptively celebrating Bitcoin hitting $100,000 on Friday, but the recent crash has revealed that BTC has other plans. Regardless, one thing is clear – investors are eager to see Bitcoin cross the historic six-digit level. While some altcoins are shooting up, most are waiting for BTC to cool off.
From the looks of it, Bitcoin price looks ready to recover and is showing signs of forming a local bottom.
*bitcoin price updated as of 11 PM.
Value of BTC trades at $91,826.0, bringing the year-to-date gain from 56% on October 20 to 131% as of October 15. Although many altcoins have shot up over triple digits, Bitcoin is catching up. Ethereum price’s YTD performance is lackluster, stands at 45%, 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.
BTC Price To Finish 2024 on Bullish Note
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.
With that said, if Bitcoin price hits a new ATH in November or December, Bitcoin’s market capitalization, which stands at $1,813.7 billion, could finally hit the $2 trillion mark.
Bitcoin, First and Largest Cryptocurrency
While Bitcoin’s market cap hovers around $1,813.7 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 $108.3 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.
Key Bitcoin Blockchain Updates
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.
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.
Bitcoin Price Outlook For Next Month
| Date | Price | Change |
|---|---|---|
| October 15, 2025 | 111900.16 | 1.22% |
| October 16, 2025 | 114807.36 | 3.85% |
| October 17, 2025 | 118382.92 | 7.08% |
| October 18, 2025 | 122271.58 | 10.6% |
| October 19, 2025 | 125263.09 | 13.3% |
| October 20, 2025 | 125215.43 | 13.26% |
| October 21, 2025 | 123831.33 | 12.01% |
| October 22, 2025 | 121876.42 | 10.24% |
| October 23, 2025 | 122189.18 | 10.52% |
| October 24, 2025 | 122980.01 | 11.24% |
| October 25, 2025 | 123945.04 | 12.11% |
| October 26, 2025 | 123801.60 | 11.98% |
| October 27, 2025 | 123386.04 | 11.61% |
| October 28, 2025 | 122836.95 | 11.11% |
| October 29, 2025 | 122357.14 | 10.68% |
| October 30, 2025 | 122299.39 | 10.62% |
| October 31, 2025 | 121318.27 | 9.74% |
| November 01, 2025 | 118658.43 | 7.33% |
| November 02, 2025 | 117843.86 | 6.59% |
| November 03, 2025 | 117256.13 | 6.06% |
| November 04, 2025 | 116666.83 | 5.53% |
| November 05, 2025 | 115129.27 | 4.14% |
| November 06, 2025 | 115265.84 | 4.26% |
| November 07, 2025 | 115913.33 | 4.85% |
| November 08, 2025 | 116029.63 | 4.95% |
| November 09, 2025 | 116754.12 | 5.61% |
| November 10, 2025 | 116998.32 | 5.83% |
| November 11, 2025 | 116498.83 | 5.38% |
| November 12, 2025 | 115686.23 | 4.64% |
| November 13, 2025 | 114998.10 | 4.02% |
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 Outlook Between 2025 & 2029
| Month | Minimum Price | Average Price | Maximum Price | Potential ROI |
|---|---|---|---|---|
| January | $111,973.25 | $123,143.25 | $117,558.25 | 5.8% |
| February | $110,887.05 | $121,023.41 | $115,955.23 | 4.4% |
| March | $109,800.85 | $118,903.57 | $114,352.21 | 3% |
| April | $108,714.65 | $116,783.73 | $112,749.19 | 1.5% |
| May | $107,628.45 | $114,663.89 | $111,146.17 | 0.076% |
| June | $106,542.25 | $112,544.05 | $109,543.15 | -1.4% |
| July | $105,456.04 | $110,424.21 | $107,940.13 | -2.8% |
| August | $104,369.84 | $108,304.37 | $106,337.11 | -4.3% |
| September | $103,283.64 | $106,184.53 | $104,734.09 | -5.7% |
| October | $102,197.44 | $104,064.69 | $103,131.07 | -7.1% |
| November | $101,111.24 | $101,944.85 | $101,528.05 | -8.6% |
| December | $100,025.04 | $99,825.01 | $99,925.03 | -10% |
| All Time | $105,999.14 | $111,484.13 | $108,741.64 | -2.1% |
| Month | Minimum Price | Average Price | Maximum Price | Potential ROI |
|---|---|---|---|---|
| January | $115,279.70 | $115,777.59 | $120,112.19 | 8.1% |
| February | $130,534.37 | $131,730.18 | $140,299.36 | 26.3% |
| March | $145,789.03 | $147,682.76 | $160,486.52 | 44.5% |
| April | $161,043.69 | $163,635.34 | $180,673.69 | 62.7% |
| May | $176,298.36 | $179,587.92 | $200,860.85 | 80.9% |
| June | $191,553.02 | $195,540.51 | $221,048.02 | 99% |
| July | $206,807.68 | $211,493.09 | $241,235.18 | 117.2% |
| August | $222,062.35 | $227,445.67 | $261,422.34 | 135.4% |
| September | $237,317.01 | $243,398.25 | $281,609.51 | 153.6% |
| October | $252,571.67 | $259,350.84 | $301,796.67 | 171.7% |
| November | $267,826.34 | $275,303.42 | $321,983.84 | 189.9% |
| December | $283,081 | $291,256 | $342,171 | 208.1% |
| All Time | $199,180.35 | $203,516.80 | $231,141.60 | 108.1% |
| Month | Minimum Price | Average Price | Maximum Price | Potential ROI |
|---|---|---|---|---|
| January | $293,105.67 | $301,570.33 | $354,786.17 | 219.4% |
| February | $303,130.33 | $311,884.67 | $367,401.33 | 230.8% |
| March | $313,155 | $322,199 | $380,016.50 | 242.2% |
| April | $323,179.67 | $332,513.33 | $392,631.67 | 253.5% |
| May | $333,204.33 | $342,827.67 | $405,246.83 | 264.9% |
| June | $343,229 | $353,142 | $417,862 | 276.2% |
| July | $353,253.67 | $363,456.33 | $430,477.17 | 287.6% |
| August | $363,278.33 | $373,770.67 | $443,092.33 | 299% |
| September | $373,303 | $384,085 | $455,707.50 | 310.3% |
| October | $383,327.67 | $394,399.33 | $468,322.67 | 321.7% |
| November | $393,352.33 | $404,713.67 | $480,937.83 | 333% |
| December | $403,377 | $415,028 | $493,553 | 344.4% |
| All Time | $348,241.33 | $358,299.17 | $424,169.58 | 281.9% |
| Month | Minimum Price | Average Price | Maximum Price | Potential ROI |
|---|---|---|---|---|
| January | $417,320.67 | $429,730 | $511,190.25 | 360.3% |
| February | $431,264.33 | $444,432 | $528,827.50 | 376.2% |
| March | $445,208 | $459,134 | $546,464.75 | 392% |
| April | $459,151.67 | $473,836 | $564,102 | 407.9% |
| May | $473,095.33 | $488,538 | $581,739.25 | 423.8% |
| June | $487,039 | $503,240 | $599,376.50 | 439.7% |
| July | $500,982.67 | $517,942 | $617,013.75 | 455.6% |
| August | $514,926.33 | $532,644 | $634,651 | 471.4% |
| September | $528,870 | $547,346 | $652,288.25 | 487.3% |
| October | $542,813.67 | $562,048 | $669,925.50 | 503.2% |
| November | $556,757.33 | $576,750 | $687,562.75 | 519.1% |
| December | $570,701 | $591,452 | $705,200 | 535% |
| All Time | $494,010.83 | $510,591 | $608,195.13 | 447.6% |
| Month | Minimum Price | Average Price | Maximum Price | Potential ROI |
|---|---|---|---|---|
| January | $592,288.17 | $613,774.33 | $729,717.58 | 557% |
| February | $613,875.33 | $636,096.67 | $754,235.17 | 579.1% |
| March | $635,462.50 | $658,419 | $778,752.75 | 601.2% |
| April | $657,049.67 | $680,741.33 | $803,270.33 | 623.3% |
| May | $678,636.83 | $703,063.67 | $827,787.92 | 645.3% |
| June | $700,224 | $725,386 | $852,305.50 | 667.4% |
| July | $721,811.17 | $747,708.33 | $876,823.08 | 689.5% |
| August | $743,398.33 | $770,030.67 | $901,340.67 | 711.6% |
| September | $764,985.50 | $792,353 | $925,858.25 | 733.6% |
| October | $786,572.67 | $814,675.33 | $950,375.83 | 755.7% |
| November | $808,159.83 | $836,997.67 | $974,893.42 | 777.8% |
| December | $829,747 | $859,320 | $999,411 | 799.9% |
| All Time | $711,017.58 | $736,547.17 | $864,564.29 | 678.5% |
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 & Targets between 2030 and 2050
| Month | Minimum Price | Average Price | Maximum Price | Potential ROI |
|---|---|---|---|---|
| January | $860,788.25 | $890,761.25 | $1,035,646.25 | 832.5% |
| February | $891,829.50 | $922,202.50 | $1,071,881.50 | 865.1% |
| March | $922,870.75 | $953,643.75 | $1,108,116.75 | 897.7% |
| April | $953,912 | $985,085 | $1,144,352 | 930.4% |
| May | $984,953.25 | $1,016,526.25 | $1,180,587.25 | 963% |
| June | $1,015,994.50 | $1,047,967.50 | $1,216,822.50 | 995.6% |
| July | $1,047,035.75 | $1,079,408.75 | $1,253,057.75 | 1028.3% |
| August | $1,078,077 | $1,110,850 | $1,289,293 | 1060.9% |
| September | $1,109,118.25 | $1,142,291.25 | $1,325,528.25 | 1093.5% |
| October | $1,140,159.50 | $1,173,732.50 | $1,361,763.50 | 1126.1% |
| November | $1,171,200.75 | $1,205,173.75 | $1,397,998.75 | 1158.8% |
| December | $1,202,242 | $1,236,615 | $1,434,234 | 1191.4% |
| All Time | $1,031,515.13 | $1,063,688.13 | $1,234,940.13 | 1011.9% |
| Month | Minimum Price | Average Price | Maximum Price | Potential ROI |
|---|---|---|---|---|
| January | $1,255,606.58 | $1,292,267.75 | $1,489,974.50 | 1241.6% |
| February | $1,308,971.17 | $1,347,920.50 | $1,545,715 | 1291.8% |
| March | $1,362,335.75 | $1,403,573.25 | $1,601,455.50 | 1341.9% |
| April | $1,415,700.33 | $1,459,226 | $1,657,196 | 1392.1% |
| May | $1,469,064.92 | $1,514,878.75 | $1,712,936.50 | 1442.3% |
| June | $1,522,429.50 | $1,570,531.50 | $1,768,677 | 1492.5% |
| July | $1,575,794.08 | $1,626,184.25 | $1,824,417.50 | 1542.7% |
| August | $1,629,158.67 | $1,681,837 | $1,880,158 | 1592.9% |
| September | $1,682,523.25 | $1,737,489.75 | $1,935,898.50 | 1643.1% |
| October | $1,735,887.83 | $1,793,142.50 | $1,991,639 | 1693.3% |
| November | $1,789,252.42 | $1,848,795.25 | $2,047,379.50 | 1743.5% |
| December | $1,842,617 | $1,904,448 | $2,103,120 | 1793.6% |
| All Time | $1,549,111.79 | $1,598,357.88 | $1,796,547.25 | 1517.6% |
| Month | Minimum Price | Average Price | Maximum Price | Potential ROI |
|---|---|---|---|---|
| January | $1,915,558.67 | $1,978,585.25 | $2,194,599.50 | 1876% |
| February | $1,988,500.33 | $2,052,722.50 | $2,286,079 | 1958.4% |
| March | $2,061,442 | $2,126,859.75 | $2,377,558.50 | 2040.7% |
| April | $2,134,383.67 | $2,200,997 | $2,469,038 | 2123.1% |
| May | $2,207,325.33 | $2,275,134.25 | $2,560,517.50 | 2205.5% |
| June | $2,280,267 | $2,349,271.50 | $2,651,997 | 2287.9% |
| July | $2,353,208.67 | $2,423,408.75 | $2,743,476.50 | 2370.2% |
| August | $2,426,150.33 | $2,497,546 | $2,834,956 | 2452.6% |
| September | $2,499,092 | $2,571,683.25 | $2,926,435.50 | 2535% |
| October | $2,572,033.67 | $2,645,820.50 | $3,017,915 | 2617.3% |
| November | $2,644,975.33 | $2,719,957.75 | $3,109,394.50 | 2699.7% |
| December | $2,717,917 | $2,794,095 | $3,200,874 | 2782.1% |
| All Time | $2,316,737.83 | $2,386,340.13 | $2,697,736.75 | 2329% |
| Month | Minimum Price | Average Price | Maximum Price | Potential ROI |
|---|---|---|---|---|
| January | $2,817,183.50 | $2,896,327 | $3,323,170.25 | 2892.2% |
| February | $2,916,450 | $2,998,559 | $3,445,466.50 | 3002.3% |
| March | $3,015,716.50 | $3,100,791 | $3,567,762.75 | 3112.4% |
| April | $3,114,983 | $3,203,023 | $3,690,059 | 3222.5% |
| May | $3,214,249.50 | $3,305,255 | $3,812,355.25 | 3332.6% |
| June | $3,313,516 | $3,407,487 | $3,934,651.50 | 3442.8% |
| July | $3,412,782.50 | $3,509,719 | $4,056,947.75 | 3552.9% |
| August | $3,512,049 | $3,611,951 | $4,179,244 | 3663% |
| September | $3,611,315.50 | $3,714,183 | $4,301,540.25 | 3773.1% |
| October | $3,710,582 | $3,816,415 | $4,423,836.50 | 3883.2% |
| November | $3,809,848.50 | $3,918,647 | $4,546,132.75 | 3993.3% |
| December | $3,909,115 | $4,020,879 | $4,668,429 | 4103.4% |
| All Time | $3,363,149.25 | $3,458,603 | $3,995,799.63 | 3497.8% |
| Month | Minimum Price | Average Price | Maximum Price | Potential ROI |
|---|---|---|---|---|
| January | $5,501,903.50 | $6,011,214.58 | $6,285,974.17 | 5559.9% |
| February | $5,495,202 | $5,991,110.17 | $6,259,168.33 | 5535.7% |
| March | $5,488,500.50 | $5,971,005.75 | $6,232,362.50 | 5511.6% |
| April | $5,481,799 | $5,950,901.33 | $6,205,556.67 | 5487.5% |
| May | $5,475,097.50 | $5,930,796.92 | $6,178,750.83 | 5463.3% |
| June | $5,468,396 | $5,910,692.50 | $6,151,945 | 5439.2% |
| July | $5,461,694.50 | $5,890,588.08 | $6,125,139.17 | 5415.1% |
| August | $5,454,993 | $5,870,483.67 | $6,098,333.33 | 5390.9% |
| September | $5,448,291.50 | $5,850,379.25 | $6,071,527.50 | 5366.8% |
| October | $5,441,590 | $5,830,274.83 | $6,044,721.67 | 5342.7% |
| November | $5,434,888.50 | $5,810,170.42 | $6,017,915.83 | 5318.5% |
| December | $5,428,187 | $5,790,066 | $5,991,110 | 5294.4% |
| All Time | $5,465,045.25 | $5,900,640.29 | $6,138,542.08 | 5427.1% |
| Month | Minimum Price | Average Price | Maximum Price | Potential ROI |
|---|---|---|---|---|
| January | $7,013,083.67 | $7,344,805.92 | $7,612,864.75 | 6754.6% |
| February | $7,029,837.33 | $7,371,611.83 | $7,666,476.50 | 6802.9% |
| March | $7,046,591 | $7,398,417.75 | $7,720,088.25 | 6851.2% |
| April | $7,063,344.67 | $7,425,223.67 | $7,773,700 | 6899.4% |
| May | $7,080,098.33 | $7,452,029.58 | $7,827,311.75 | 6947.7% |
| June | $7,096,852 | $7,478,835.50 | $7,880,923.50 | 6996% |
| July | $7,113,605.67 | $7,505,641.42 | $7,934,535.25 | 7044.2% |
| August | $7,130,359.33 | $7,532,447.33 | $7,988,147 | 7092.5% |
| September | $7,147,113 | $7,559,253.25 | $8,041,758.75 | 7140.8% |
| October | $7,163,866.67 | $7,586,059.17 | $8,095,370.50 | 7189.1% |
| November | $7,180,620.33 | $7,612,865.08 | $8,148,982.25 | 7237.3% |
| December | $7,197,374 | $7,639,671 | $8,202,594 | 7285.6% |
| All Time | $7,105,228.83 | $7,492,238.46 | $7,907,729.38 | 7020.1% |
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 Crashes Below $93,000
Bitcoin price has crashed 7% from its all-time high of $99,690 and formed a swing low of $92,620 on Monday. As of this writing, BTC has swept Monday’s low. If this is a liquidity sweep, then it is a sign of a recovery. This development could be followed by a quick recovery since Monday’s low and sweep of it are taking place above the $93,257 to $86,113 range, serving as support.
A recovery bounce here could face issues around the $95,666 hurdle, but overcoming this could put Bitcoin price back on the path to tag $100,000.
Supporting this recovery rally is the slight drop in Open Interest (OI) coupled with a higher low formed on the Cumulative Volume Delta (CVD) and Relative Strength Index (RSI). This development shows that buyers are stepping, which improves the odds of a bullish comeback.
BTC/USDT 1-day chart
On the other hand, if Bitcoin price fails to hold above the $93,257 level, it will signal that a further correction is likely. In such a case, BTC could drop to the midpoint of the range at $89,685.
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