Price Analysis

Bitcoin Price Today Drops 1.20%, BTC Trades at $67,430

Discover why Bitcoin price is dropping today after a 1.20% slide. BTC price trades today at $67,430 with expectations of a fruther drop.
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Bitcoin Price Today Drops 1.20%, BTC Trades at $67,430

Highlights

  • Bitcoin price today is down 1.20% and currently trades at $67,430.
  • BTC continues to drop after attempting a push toward the $69,000 level.
  • Invesotrs can expect this downtrend to conitnue until $64.7k to $62.3k support floor is revisited.

Bitcoin (BTC) price today trades at $66,256.0 as of 11 PM. BTC price hit a daily high of $68,655.0 today after sliding -2.69% on December 18.

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Why Is Bitcoin Price is Sinking Today?

Although Bitcoin price saw a good run up on the weekend, the selling pressure throughout the week caused BTC to slide lower. This has been the main reason for Bitcoin crashing today. With the price of BTC down 1.20% and trading at $67,430, investors can expect New York open to restart the selloff.

Bitcoin price today
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Bitcoin Price Outlook Remains Bearish

*bitcoin price updated as of 11 PM.

Price of BTC exchanges hands at $67,430, which is far lower than $69,000, a level seen at the start of the week. This short-term bearish outlook in Bitcoin price has brought the year-to-date gain down from 56% on October 20 to 52% as of October 25.

Still, Bitcoin remains one of the largest cryptocurrency by market capitalization and its popularity can be attributed to the first-mover advantage. Furthermore, the BTC blockchain remaining a secure, decentralized and relatively scalable network has kept it at the forefront as the king of cryptocurrencies.

Other narratives like digital gold, inflation hedge, uncorrelated asset, have also helped gain widespread adoption for BTC.

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Bitcoin Price Eyes Bullish End to 2024

Last week, it seemed as though Bitcoin price was ready to end its seven-month consolidation. But massive selling pressure above $69,000 led to a reversal. Since then, BTC has dropped roughly $2,000 of its value and currently trades at $67,430.

Its YTD returns are diminishing but the fourth quarter outlook remains bullish. Historical data hints that Bitcoin price has rallied an average of 82% in the fourth quarter. So far, BTC has only shot up 11% in the first month of Q4, which promises that the outlook remains bullish in the long-term for BTC.

With the US presidential elections coming to a conclusion in the first week of November, investors can expect a massive spike in volatility that leads to the start of a bull run. Regardless of who wins, markets have responded on a bullish notep.

Historical Bitcoin Price Performance

With that said, if Bitcoin price hits a new ATH in December, Bitcoin’s market capitalization, which stands at $1,309.5 billion could push toward the $2 trillion mark.

Bitcoin: The Largest Cryptocurrency

While Bitcoin’s market cap hovers around $1,309.5 billion, with Ethereum, the duo controls nearly 65% of the total cryptocurrency market capitalization which stands at $2.40 trillion. Despite the seven-month consolidation, Bitcoin’s $1.3 trillion market cap remains strong with anticipation of 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 $36.3 billion. With a major portion of this volume being contributed by Binance, one of the largest cryptocurrency exchanges. Binance’s share of BTC’s 24-hour trading volume is made up of spot and perpetuals trading. While spot volume hovers around 11%, perpetual volume stands at 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 on a regular basis.

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)

Bitcoin Price Prediction & Trends

The seve-month consolidation could come to an end soon. The end of US presidential elections could kickstart the BTC bull rally by November second week. Investors expect the uptrend to be extremely bullish if Donald Trump wins.

However, data shows, regardless of who wins, conclusion of the US elections are bullish for markets, be it crypto or stocks.  So, Bitcoin price hitting a new ATH before 2024 is not unlikely. As a result, the next few weeks are critical in setting the tone for Bitcoin and the rest of the crypto markets.

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Bitcoin Price Outlook For Next 30 Days

Date Price Change
December 17, 202586658.27-0.55%
December 18, 202586712.16-0.49%
December 19, 202586766.04-0.42%
December 20, 202586819.92-0.36%
December 21, 202586873.80-0.3%
December 22, 202586927.69-0.24%
December 23, 202586981.57-0.18%
December 24, 202587035.45-0.12%
December 25, 202587089.34-0.05%
December 26, 202587143.220.01%
December 27, 202587197.100.07%
December 28, 202587250.980.13%
December 29, 202587304.870.19%
December 30, 202587358.750.26%
December 31, 202587412.630.32%
January 01, 202687487.870.4%
January 02, 202687563.110.49%
January 03, 202687638.350.58%
January 04, 202687713.590.66%
January 05, 202687788.840.75%
January 06, 202687864.080.84%
January 07, 202687939.320.92%
January 08, 202688014.561.01%
January 09, 202688089.801.09%
January 10, 202688165.041.18%
January 11, 202688240.281.27%
January 12, 202688315.521.35%
January 13, 202688390.761.44%
January 14, 202688466.001.53%
January 14, 202687581.340.51%

While BTC’s short-term outlook  is uncertain investors can anticipate BTC to rally 38% on November 14 and hit $92,226.

Bitcoin Price Forecast From 2025 and 2029

Month Minimum Price Average Price Maximum Price Potential ROI
January $87,782.39 $87,451.02 $87,616.70 1.5%
February $88,906.51 $87,543.29 $88,224.90 2.2%
March $90,030.62 $87,635.56 $88,833.09 2.9%
April $91,154.74 $87,727.83 $89,441.29 3.6%
May $92,278.86 $87,820.10 $90,049.48 4.3%
June $93,402.98 $87,912.38 $90,657.68 5%
July $94,527.09 $88,004.65 $91,265.87 5.7%
August $95,651.21 $88,096.92 $91,874.06 6.4%
September $96,775.33 $88,189.19 $92,482.26 7.1%
October $97,899.44 $88,281.46 $93,090.45 7.8%
November $99,023.56 $88,373.73 $93,698.65 8.5%
December $100,147.68 $88,466 $94,306.84 9.2%
All Time $93,965.03 $87,958.51 $90,961.77 5.4%
Month Minimum Price Average Price Maximum Price Potential ROI
January $107,486.62 $97,337.42 $104,740.10 21.3%
February $114,825.57 $106,208.83 $115,173.37 33.4%
March $122,164.51 $115,080.25 $125,606.63 45.5%
April $129,503.45 $123,951.67 $136,039.89 57.6%
May $136,842.40 $132,823.08 $146,473.16 69.7%
June $144,181.34 $141,694.50 $156,906.42 81.7%
July $151,520.28 $150,565.92 $167,339.68 93.8%
August $158,859.23 $159,437.33 $177,772.95 105.9%
September $166,198.17 $168,308.75 $188,206.21 118%
October $173,537.11 $177,180.17 $198,639.47 130.1%
November $180,876.06 $186,051.58 $209,072.74 142.2%
December $188,215 $194,923 $219,506 154.3%
All Time $147,850.81 $146,130.21 $162,123.05 87.8%
Month Minimum Price Average Price Maximum Price Potential ROI
January $195,481 $202,279.75 $228,347.58 164.5%
February $202,747 $209,636.50 $237,189.17 174.7%
March $210,013 $216,993.25 $246,030.75 185%
April $217,279 $224,350 $254,872.33 195.2%
May $224,545 $231,706.75 $263,713.92 205.5%
June $231,811 $239,063.50 $272,555.50 215.7%
July $239,077 $246,420.25 $281,397.08 225.9%
August $246,343 $253,777 $290,238.67 236.2%
September $253,609 $261,133.75 $299,080.25 246.4%
October $260,875 $268,490.50 $307,921.83 256.7%
November $268,141 $275,847.25 $316,763.42 266.9%
December $275,407 $283,204 $325,605 277.2%
All Time $235,444 $242,741.88 $276,976.29 220.8%
Month Minimum Price Average Price Maximum Price Potential ROI
January $285,565.25 $293,892.50 $338,177.42 291.7%
February $295,723.50 $304,581 $350,749.83 306.3%
March $305,881.75 $315,269.50 $363,322.25 320.8%
April $316,040 $325,958 $375,894.67 335.4%
May $326,198.25 $336,646.50 $388,467.08 350%
June $336,356.50 $347,335 $401,039.50 364.5%
July $346,514.75 $358,023.50 $413,611.92 379.1%
August $356,673 $368,712 $426,184.33 393.7%
September $366,831.25 $379,400.50 $438,756.75 408.2%
October $376,989.50 $390,089 $451,329.17 422.8%
November $387,147.75 $400,777.50 $463,901.58 437.3%
December $397,306 $411,466 $476,474 451.9%
All Time $341,435.63 $352,679.25 $407,325.71 371.8%
Month Minimum Price Average Price Maximum Price Potential ROI
January $413,770.83 $428,465.33 $493,358.42 471.5%
February $430,235.67 $445,464.67 $510,242.83 491%
March $446,700.50 $462,464 $527,127.25 510.6%
April $463,165.33 $479,463.33 $544,011.67 530.1%
May $479,630.17 $496,462.67 $560,896.08 549.7%
June $496,095 $513,462 $577,780.50 569.2%
July $512,559.83 $530,461.33 $594,664.92 588.8%
August $529,024.67 $547,460.67 $611,549.33 608.4%
September $545,489.50 $564,460 $628,433.75 627.9%
October $561,954.33 $581,459.33 $645,318.17 647.5%
November $578,419.17 $598,458.67 $662,202.58 667%
December $594,884 $615,458 $679,087 686.6%
All Time $504,327.42 $521,961.67 $586,222.71 579%

While 2023 and 2024 have been good years for crypto investors, the next five years are going to be even better based on Coingape’s Bitcoin price prediction. Between 2025 and 2029, BTC will restart the bull run and touch the six-digit territory. To be precise, BTC could valued between $82,213.41 in 2025 and $660,471.83 by 2029.

Bitcoin Price Remains Massively Bullish Between 2030 & 2050

Month Minimum Price Average Price Maximum Price Potential ROI
January $617,065.67 $637,976.67 $709,750.17 722.1%
February $639,247.33 $660,495.33 $740,413.33 757.6%
March $661,429 $683,014 $771,076.50 793.1%
April $683,610.67 $705,532.67 $801,739.67 828.7%
May $705,792.33 $728,051.33 $832,402.83 864.2%
June $727,974 $750,570 $863,066 899.7%
July $750,155.67 $773,088.67 $893,729.17 935.2%
August $772,337.33 $795,607.33 $924,392.33 970.7%
September $794,519 $818,126 $955,055.50 1006.2%
October $816,700.67 $840,644.67 $985,718.67 1041.8%
November $838,882.33 $863,163.33 $1,016,381.83 1077.3%
December $861,064 $885,682 $1,047,045 1112.8%
All Time $739,064.83 $761,829.33 $878,397.58 917.5%
Month Minimum Price Average Price Maximum Price Potential ROI
January $893,600.33 $919,119.08 $1,083,647 1155.2%
February $926,136.67 $952,556.17 $1,120,249 1197.6%
March $958,673 $985,993.25 $1,156,851 1240%
April $991,209.33 $1,019,430.33 $1,193,453 1282.4%
May $1,023,745.67 $1,052,867.42 $1,230,055 1324.8%
June $1,056,282 $1,086,304.50 $1,266,657 1367.2%
July $1,088,818.33 $1,119,741.58 $1,303,259 1409.6%
August $1,121,354.67 $1,153,178.67 $1,339,861 1452%
September $1,153,891 $1,186,615.75 $1,376,463 1494.4%
October $1,186,427.33 $1,220,052.83 $1,413,065 1536.8%
November $1,218,963.67 $1,253,489.92 $1,449,667 1579.2%
December $1,251,500 $1,286,927 $1,486,269 1621.6%
All Time $1,072,550.17 $1,103,023.04 $1,284,958 1388.4%
Month Minimum Price Average Price Maximum Price Potential ROI
January $1,300,715.75 $1,338,552.75 $1,545,122.92 1689.7%
February $1,349,931.50 $1,390,178.50 $1,603,976.83 1757.9%
March $1,399,147.25 $1,441,804.25 $1,662,830.75 1826.1%
April $1,448,363 $1,493,430 $1,721,684.67 1894.2%
May $1,497,578.75 $1,545,055.75 $1,780,538.58 1962.4%
June $1,546,794.50 $1,596,681.50 $1,839,392.50 2030.6%
July $1,596,010.25 $1,648,307.25 $1,898,246.42 2098.7%
August $1,645,226 $1,699,933 $1,957,100.33 2166.9%
September $1,694,441.75 $1,751,558.75 $2,015,954.25 2235.1%
October $1,743,657.50 $1,803,184.50 $2,074,808.17 2303.3%
November $1,792,873.25 $1,854,810.25 $2,133,662.08 2371.4%
December $1,842,089 $1,906,436 $2,192,516 2439.6%
All Time $1,571,402.38 $1,622,494.38 $1,868,819.46 2064.7%
Month Minimum Price Average Price Maximum Price Potential ROI
January $1,908,609.25 $1,973,948.75 $2,276,708.17 2537.1%
February $1,975,129.50 $2,041,461.50 $2,360,900.33 2634.6%
March $2,041,649.75 $2,108,974.25 $2,445,092.50 2732.2%
April $2,108,170 $2,176,487 $2,529,284.67 2829.7%
May $2,174,690.25 $2,243,999.75 $2,613,476.83 2927.2%
June $2,241,210.50 $2,311,512.50 $2,697,669 3024.7%
July $2,307,730.75 $2,379,025.25 $2,781,861.17 3122.2%
August $2,374,251 $2,446,538 $2,866,053.33 3219.8%
September $2,440,771.25 $2,514,050.75 $2,950,245.50 3317.3%
October $2,507,291.50 $2,581,563.50 $3,034,437.67 3414.8%
November $2,573,811.75 $2,649,076.25 $3,118,629.83 3512.3%
December $2,640,332 $2,716,589 $3,202,822 3609.8%
All Time $2,274,470.63 $2,345,268.88 $2,739,765.08 3073.5%
Month Minimum Price Average Price Maximum Price Potential ROI
January $2,728,184.50 $2,811,669.67 $3,268,702.33 3686.2%
February $2,816,037 $2,906,750.33 $3,334,582.67 3762.5%
March $2,903,889.50 $3,001,831 $3,400,463 3838.8%
April $2,991,742 $3,096,911.67 $3,466,343.33 3915.1%
May $3,079,594.50 $3,191,992.33 $3,532,223.67 3991.4%
June $3,167,447 $3,287,073 $3,598,104 4067.7%
July $3,255,299.50 $3,382,153.67 $3,663,984.33 4144%
August $3,343,152 $3,477,234.33 $3,729,864.67 4220.3%
September $3,431,004.50 $3,572,315 $3,795,745 4296.6%
October $3,518,857 $3,667,395.67 $3,861,625.33 4372.9%
November $3,606,709.50 $3,762,476.33 $3,927,505.67 4449.3%
December $3,694,562 $3,857,557 $3,993,386 4525.6%
All Time $3,211,373.25 $3,334,613.33 $3,631,044.17 4105.9%
Month Minimum Price Average Price Maximum Price Potential ROI
January $3,794,170.25 $3,957,165.25 $4,111,104.92 4661.9%
February $3,893,778.50 $4,056,773.50 $4,228,823.83 4798.3%
March $3,993,386.75 $4,156,381.75 $4,346,542.75 4934.6%
April $4,092,995 $4,255,990 $4,464,261.67 5071%
May $4,192,603.25 $4,355,598.25 $4,581,980.58 5207.3%
June $4,292,211.50 $4,455,206.50 $4,699,699.50 5343.7%
July $4,391,819.75 $4,554,814.75 $4,817,418.42 5480%
August $4,491,428 $4,654,423 $4,935,137.33 5616.4%
September $4,591,036.25 $4,754,031.25 $5,052,856.25 5752.8%
October $4,690,644.50 $4,853,639.50 $5,170,575.17 5889.1%
November $4,790,252.75 $4,953,247.75 $5,288,294.08 6025.5%
December $4,889,861 $5,052,856 $5,406,013 6161.8%
All Time $4,342,015.63 $4,505,010.63 $4,758,558.96 5411.9%

The forecasts hint at a common bullish trend for Bitcoin in the long term, similar to what was obsered betwene 2025 and 2029. Between the next two decades, BTC will note a bullish explosive trend that pushes it up to have an average price between $2.9 million and $3.3 million per coin.

Disclaimer:

Investors should take these long-term predictions with a grain of salt and consider that these forecasts are bound to change depending on the macroeconomic and geopolitical landscape at the time.

Bitcoin Price Outperforms ETH, Contends With SOL

In 2024, Bitcoin price has returned nearly 52% which is just below Solana’s 56%. ETH, on the other hand, hovers around 6%. With the start of a bull run in November, this outlook will likely continue, with SOL maintaining a strong lead against  BTC & ETH. Other top altcoins are likely going to parabolic as some already have.

BTC vs. SOL vs. ETH Price PerformanceBTC vs. SOL vs. ETH Price Performance
BTC vs. SOL vs. ETH Price Performance

How Spot Bitcoin ETF Helped BTC Kickstart Bull Run

The main reason for Bitcoin price surging 52% in the past year is due to the approval of a spot BTC ETF. The rally, to be precise, began after trillion-dollar asset manager BlackRock filed a spot ETF application on June 14, 2023.

The bull run that begain since then has failed to disappoint investors. With the expection of a short-term pressure form Grayscale outflows, the net flow for BTC stands in the billions. This suggests that institutional investors have been accumulating BTC via the ETF instrument.

As of October 25, the cumulative net flow stands around $21.53 billion with $188 million inflow seen on Thursday.

Bitcoin spot ETF flows
Bitcoin spot ETF flows

Frequently Asked Questions

Why is Bitcoin price down today?

The sudden recovery rally faced massive selling rpessure as Bitcoin price attempted to revisit the $69K hurdle.l

Will BTC continue to sink lower?

Yes. With the week coming to an end, investors can expect BC to drop lower and tag the $64.7k to $62.3k support floor.

What can investors expect from BTC in the long term?

The BTC outlook is heavily bullish post-elections with the 2023 bull run still in tact, but paused.
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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.

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