Bitcoin Price Today: Will BTC Drop Below $90k or Bounce Back?

Explore if bitcoin price today will hit $100,000 after a 7% recover or if it will continue its descent and head below $90,000 first.
By Akash Girimath
November 28, 2024 | Updated November 28, 2024
Bitcoin Price Today: What if BTC Crashes to $85,000?

Highlights

  • Bitcoin price has recovered 7% after crashing 8% this week.
  • Despite the recent recovery, it is unclear if BTC will climb toward $100,000.
  • Instead, technical analysis shows BTC could drop below $90,000.

After setting up an all-time high (ATH) at $99,690 on November 22, BTC crashed nearly 9% in total and created a local bottom at $90,835. Although BTC has recovered in the past 12 hours, it faces a tough resistance level, leaving investors wondering if Bitcoin will visit $100,000 first or continue its crash and dip below $90,000. Regardless, Bitcoin (BTC) price today trades at $95,825.0 on 11 PM. BTC price hit a daily high of $96,614.0 today after a -0.08% move on October 4.

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Why Is Bitcoin Price Today Rising?

As mentioned, Bitcoin price today is up -0.08% after BTC crashed 8.88% and currently auctions around $95,825.0. Despite the recent drop, BTC shows signs of recovery and trades around $95,825.0. 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 $95,825.0, bringing the year-to-date gain from 56% on October 20 to 120% as of October 4. 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 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.

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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.

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 $1,898.2 billion, could finally hit the $2 trillion mark.

Bitcoin’s Market Capitalization

While Bitcoin’s market cap hovers around $1,898.2 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 $64.5 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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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.
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Bitcoin Price Outlook For Next Month

Date Price Change
October 03, 2025119035.16-0.07%
October 04, 2025120948.501.54%
October 05, 2025123119.713.36%
October 06, 2025125791.465.61%
October 07, 2025127985.227.45%
October 08, 2025129900.009.06%
October 09, 2025129165.858.44%
October 10, 2025128232.827.66%
October 11, 2025126946.226.58%
October 12, 2025126820.406.47%
October 13, 2025127204.476.79%
October 14, 2025127886.167.37%
October 15, 2025128272.947.69%
October 16, 2025128178.537.61%
October 17, 2025127882.657.36%
October 18, 2025127511.927.05%
October 19, 2025127196.136.79%
October 20, 2025127019.246.64%
October 21, 2025127050.686.66%
October 22, 2025125763.455.58%
October 23, 2025124114.104.2%
October 24, 2025123628.613.79%
October 25, 2025123219.873.45%
October 26, 2025122917.133.19%
October 27, 2025122075.412.49%
October 28, 2025121220.871.77%
October 29, 2025121782.972.24%
October 30, 2025122131.412.53%
October 31, 2025122207.962.6%
November 01, 2025122647.542.97%

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

2025
2026
2027
2028
2029
Month Minimum Price Average Price Maximum Price Potential ROI
January $109,684.08 $127,400.45 $118,542.26 -1%
February $108,820.01 $124,900.89 $116,860.45 -2.4%
March $107,955.95 $122,401.34 $115,178.65 -3.8%
April $107,091.88 $119,901.79 $113,496.84 -5.2%
May $106,227.82 $117,402.23 $111,815.03 -6.6%
June $105,363.76 $114,902.68 $110,133.22 -8%
July $104,499.69 $112,403.13 $108,451.41 -9.4%
August $103,635.63 $109,903.57 $106,769.60 -10.9%
September $102,771.56 $107,404.02 $105,087.80 -12.3%
October $101,907.50 $104,904.47 $103,405.99 -13.7%
November $101,043.43 $102,404.91 $101,724.18 -15.1%
December $100,179.37 $99,905.36 $100,042.37 -16.5%
All Time $104,931.72 $113,652.90 $109,292.32 -8.7%
Month Minimum Price Average Price Maximum Price Potential ROI
January $114,563.34 $114,962.16 $118,500.17 -1.1%
February $128,947.31 $130,018.97 $136,957.98 14.4%
March $143,331.28 $145,075.77 $155,415.78 29.8%
April $157,715.25 $160,132.57 $173,873.58 45.2%
May $172,099.22 $175,189.38 $192,331.38 60.6%
June $186,483.19 $190,246.18 $210,789.19 76%
July $200,867.15 $205,302.98 $229,246.99 91.4%
August $215,251.12 $220,359.79 $247,704.79 106.8%
September $229,635.09 $235,416.59 $266,162.59 122.2%
October $244,019.06 $250,473.39 $284,620.40 137.6%
November $258,403.03 $265,530.20 $303,078.20 153.1%
December $272,787 $280,587 $321,536 168.5%
All Time $193,675.17 $197,774.58 $220,018.09 83.7%
Month Minimum Price Average Price Maximum Price Potential ROI
January $282,207.42 $290,526.58 $333,587.75 178.5%
February $291,627.83 $300,466.17 $345,639.50 188.6%
March $301,048.25 $310,405.75 $357,691.25 198.7%
April $310,468.67 $320,345.33 $369,743 208.7%
May $319,889.08 $330,284.92 $381,794.75 218.8%
June $329,309.50 $340,224.50 $393,846.50 228.8%
July $338,729.92 $350,164.08 $405,898.25 238.9%
August $348,150.33 $360,103.67 $417,950 249%
September $357,570.75 $370,043.25 $430,001.75 259%
October $366,991.17 $379,982.83 $442,053.50 269.1%
November $376,411.58 $389,922.42 $454,105.25 279.2%
December $385,832 $399,862 $466,157 289.2%
All Time $334,019.71 $345,194.29 $399,872.38 233.9%
Month Minimum Price Average Price Maximum Price Potential ROI
January $399,034.42 $413,561.33 $484,496.50 304.5%
February $412,236.83 $427,260.67 $502,836 319.8%
March $425,439.25 $440,960 $521,175.50 335.2%
April $438,641.67 $454,659.33 $539,515 350.5%
May $451,844.08 $468,358.67 $557,854.50 365.8%
June $465,046.50 $482,058 $576,194 381.1%
July $478,248.92 $495,757.33 $594,533.50 396.4%
August $491,451.33 $509,456.67 $612,873 411.7%
September $504,653.75 $523,156 $631,212.50 427%
October $517,856.17 $536,855.33 $649,552 442.3%
November $531,058.58 $550,554.67 $667,891.50 457.6%
December $544,261 $564,254 $686,231 473%
All Time $471,647.71 $488,907.67 $585,363.75 388.7%
Month Minimum Price Average Price Maximum Price Potential ROI
January $569,672.83 $590,350.83 $708,002.58 491.1%
February $595,084.67 $616,447.67 $729,774.17 509.3%
March $620,496.50 $642,544.50 $751,545.75 527.5%
April $645,908.33 $668,641.33 $773,317.33 545.7%
May $671,320.17 $694,738.17 $795,088.92 563.9%
June $696,732 $720,835 $816,860.50 582%
July $722,143.83 $746,931.83 $838,632.08 600.2%
August $747,555.67 $773,028.67 $860,403.67 618.4%
September $772,967.50 $799,125.50 $882,175.25 636.6%
October $798,379.33 $825,222.33 $903,946.83 654.7%
November $823,791.17 $851,319.17 $925,718.42 672.9%
December $849,203 $877,416 $947,490 691.1%
All Time $709,437.92 $733,883.42 $827,746.29 591.1%

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 between 2030 and 2050

2030
2031
2032
2033
2040
2050
Month Minimum Price Average Price Maximum Price Potential ROI
January $884,889.25 $913,675.83 $989,961.17 726.6%
February $920,575.50 $949,935.67 $1,032,432.33 762%
March $956,261.75 $986,195.50 $1,074,903.50 797.5%
April $991,948 $1,022,455.33 $1,117,374.67 832.9%
May $1,027,634.25 $1,058,715.17 $1,159,845.83 868.4%
June $1,063,320.50 $1,094,975 $1,202,317 903.9%
July $1,099,006.75 $1,131,234.83 $1,244,788.17 939.3%
August $1,134,693 $1,167,494.67 $1,287,259.33 974.8%
September $1,170,379.25 $1,203,754.50 $1,329,730.50 1010.2%
October $1,206,065.50 $1,240,014.33 $1,372,201.67 1045.7%
November $1,241,751.75 $1,276,274.17 $1,414,672.83 1081.2%
December $1,277,438 $1,312,534 $1,457,144 1116.6%
All Time $1,081,163.63 $1,113,104.92 $1,223,552.58 921.6%
Month Minimum Price Average Price Maximum Price Potential ROI
January $1,328,655.75 $1,365,202.25 $1,520,001.17 1169.1%
February $1,379,873.50 $1,417,870.50 $1,582,858.33 1221.6%
March $1,431,091.25 $1,470,538.75 $1,645,715.50 1274.1%
April $1,482,309 $1,523,207 $1,708,572.67 1326.6%
May $1,533,526.75 $1,575,875.25 $1,771,429.83 1379%
June $1,584,744.50 $1,628,543.50 $1,834,287 1431.5%
July $1,635,962.25 $1,681,211.75 $1,897,144.17 1484%
August $1,687,180 $1,733,880 $1,960,001.33 1536.5%
September $1,738,397.75 $1,786,548.25 $2,022,858.50 1589%
October $1,789,615.50 $1,839,216.50 $2,085,715.67 1641.4%
November $1,840,833.25 $1,891,884.75 $2,148,572.83 1693.9%
December $1,892,051 $1,944,553 $2,211,430 1746.4%
All Time $1,610,353.38 $1,654,877.63 $1,865,715.58 1457.8%
Month Minimum Price Average Price Maximum Price Potential ROI
January $1,963,334.58 $2,017,943.25 $2,297,778.67 1818.5%
February $2,034,618.17 $2,091,333.50 $2,384,127.33 1890.6%
March $2,105,901.75 $2,164,723.75 $2,470,476 1962.7%
April $2,177,185.33 $2,238,114 $2,556,824.67 2034.8%
May $2,248,468.92 $2,311,504.25 $2,643,173.33 2106.9%
June $2,319,752.50 $2,384,894.50 $2,729,522 2179%
July $2,391,036.08 $2,458,284.75 $2,815,870.67 2251.1%
August $2,462,319.67 $2,531,675 $2,902,219.33 2323.2%
September $2,533,603.25 $2,605,065.25 $2,988,568 2395.3%
October $2,604,886.83 $2,678,455.50 $3,074,916.67 2467.4%
November $2,676,170.42 $2,751,845.75 $3,161,265.33 2539.5%
December $2,747,454 $2,825,236 $3,247,614 2611.6%
All Time $2,355,394.29 $2,421,589.63 $2,772,696.33 2215%
Month Minimum Price Average Price Maximum Price Potential ROI
January $2,826,302.08 $2,909,374.08 $3,369,985.33 2713.7%
February $2,905,150.17 $2,993,512.17 $3,492,356.67 2815.9%
March $2,983,998.25 $3,077,650.25 $3,614,728 2918.1%
April $3,062,846.33 $3,161,788.33 $3,737,099.33 3020.3%
May $3,141,694.42 $3,245,926.42 $3,859,470.67 3122.4%
June $3,220,542.50 $3,330,064.50 $3,981,842 3224.6%
July $3,299,390.58 $3,414,202.58 $4,104,213.33 3326.8%
August $3,378,238.67 $3,498,340.67 $4,226,584.67 3428.9%
September $3,457,086.75 $3,582,478.75 $4,348,956 3531.1%
October $3,535,934.83 $3,666,616.83 $4,471,327.33 3633.3%
November $3,614,782.92 $3,750,754.92 $4,593,698.67 3735.5%
December $3,693,631 $3,834,893 $4,716,070 3837.6%
All Time $3,259,966.54 $3,372,133.54 $4,043,027.67 3275.7%
Month Minimum Price Average Price Maximum Price Potential ROI
January $3,858,798.50 $4,010,658.92 $4,859,949.17 3957.8%
February $4,023,966 $4,186,424.83 $5,003,828.33 4077.9%
March $4,189,133.50 $4,362,190.75 $5,147,707.50 4198%
April $4,354,301 $4,537,956.67 $5,291,586.67 4318.2%
May $4,519,468.50 $4,713,722.58 $5,435,465.83 4438.3%
June $4,684,636 $4,889,488.50 $5,579,345 4558.4%
July $4,849,803.50 $5,065,254.42 $5,723,224.17 4678.6%
August $5,014,971 $5,241,020.33 $5,867,103.33 4798.7%
September $5,180,138.50 $5,416,786.25 $6,010,982.50 4918.8%
October $5,345,306 $5,592,552.17 $6,154,861.67 5038.9%
November $5,510,473.50 $5,768,318.08 $6,298,740.83 5159.1%
December $5,675,641 $5,944,084 $6,442,620 5279.2%
All Time $4,767,219.75 $4,977,371.46 $5,651,284.58 4618.5%
Month Minimum Price Average Price Maximum Price Potential ROI
January $5,784,296.33 $6,062,326.50 $6,548,079.58 5367.3%
February $5,892,951.67 $6,180,569 $6,653,539.17 5455.3%
March $6,001,607 $6,298,811.50 $6,758,998.75 5543.4%
April $6,110,262.33 $6,417,054 $6,864,458.33 5631.4%
May $6,218,917.67 $6,535,296.50 $6,969,917.92 5719.5%
June $6,327,573 $6,653,539 $7,075,377.50 5807.5%
July $6,436,228.33 $6,771,781.50 $7,180,837.08 5895.6%
August $6,544,883.67 $6,890,024 $7,286,296.67 5983.6%
September $6,653,539 $7,008,266.50 $7,391,756.25 6071.7%
October $6,762,194.33 $7,126,509 $7,497,215.83 6159.7%
November $6,870,849.67 $7,244,751.50 $7,602,675.42 6247.8%
December $6,979,505 $7,362,994 $7,708,135 6335.8%
All Time $6,381,900.67 $6,712,660.25 $7,128,107.29 5851.5%

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 Price Analysis: Why BTC Crashed & Will it Recover?

Bitcoin price shed 8.88% between November 22 and November 27. BTC dropped from a swing high of $99,690 and created a local bottom at $90,835. This four-day crash has wiped out more than $1 billion worth of positions. Although the late American trading session on Wednesday saw BTC climb by 7%, BTC is not out of the woods yet and could continue to drop lower.

Before understanding what comes next, let’s explore why BTC Crashed.

  1. With Bitcoin breaking its seven-month consolidation range, it likely attracted massive retail investors. As a result of this increased leverage, short-term drops are natural and cull early bulls and impatient investors.
  2. Additionally, $100,000 is a key psychological level, and before Bitcoin price takes out this hurdle, a short-term shakeout is something that veteran traders expect. This allows for a reduction of the total leverage and resets the market dynamics.
  3. One of the key reasons could be profit-taking. Considering that BTC shot up from $17,000 at the start of 2023 and is now hovering just below $100,000, it is likely that these investors will realize profits, adding to the selling pressure.

Will BTC recover? A simple Bitcoin technical analysis shows that BTC is getting rejected from the $95,981 and $96,739 resistance zeon. Sustained selling pressure could trigger a correction that retests $90,000 and drops below it. In such a case, the $87,367 support level is a key area where buyers might step in again.

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

On the other hand, if Bitcoin price breaches the $87,637 support level, it would invalidate the bullish outlook. This move would produce a lower low on the one-hour chart and trigger a downtrend, favoring the bears. This outlook could see Bitcoin trigger a 17% crash to $77,074.

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.