Bitcoin price today trades at $107,143.0 as of 6 PM on December 18. After hitting a daily high of $108,135.0 today BTC is up -0.31%.
Bitcoin Price Today Is Up -0.31% as BTC Trades at $107,143.0
Although BTC dropped in the first two weeks of December, the corrections were short-lived. Bitcoin price today trades at $107,143.0 and shows no signs of stopping. The reason behind this bullish trend can be attributed to the favorable conclusion of the US elections, coupled with Trump’s pro-crypto developments like setting up D.O.G.E. or promise of a strategic BTC reserve to save the US dollar. Seasonality is also another reason why Bitcoin is up.
Hence, the bullish outlook will continue in the foreseeable future.
*bitcoin price updated as of 6 PM.
Value of BTC trades at $107,143.0, bringing the year-to-date gain from 56% on October 20 to roughly 150% as of December 18. Ethereum price’s YTD performance is lackluster, stands around 74%, and is well below BTC.
BTC’s Seasonality Hints Positive End To 2024
Industry veterans’ speculation of a bull run post-US elections was right, and Bitcoin is likely to end 2024 on a positive note. Many even expect this six-digit target for BTC to sustain without any steep corrections. This bullishness can be attributed to seasonality, aka historical returns, which reveals that Bitcoin has always performed massively in the fourth and first quarters.
With that said, Bitcoin’s market capitalization, which stands at $2,121.0 billion, could finally hit the $2 trillion mark.
Bitcoin’s Market Capitalization
While Bitcoin’s market cap hovers around $2,121.0 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 $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.
Notable Bitcoin Blockchain Upgrades
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.
Key Bitcoin Blockchain 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 Prediction For Next 30 Days
| Date | Price | Change |
|---|---|---|
| December 17, 2024 | 105574.33 | 1.42% |
| December 18, 2024 | 107253.74 | 3.03% |
| December 19, 2024 | 109192.69 | 4.89% |
| December 20, 2024 | 111175.56 | 6.8% |
| December 21, 2024 | 112714.42 | 8.28% |
| December 22, 2024 | 112803.51 | 8.36% |
| December 23, 2024 | 112745.11 | 8.3% |
| December 24, 2024 | 113051.29 | 8.6% |
| December 25, 2024 | 113300.44 | 8.84% |
| December 26, 2024 | 113216.23 | 8.76% |
| December 27, 2024 | 112999.52 | 8.55% |
| December 28, 2024 | 113490.38 | 9.02% |
| December 29, 2024 | 115366.80 | 10.82% |
| December 30, 2024 | 117347.23 | 12.73% |
| December 31, 2024 | 118149.67 | 13.5% |
| January 01, 2025 | 118138.53 | 13.49% |
| January 02, 2025 | 117786.52 | 13.15% |
| January 03, 2025 | 117745.90 | 13.11% |
| January 04, 2025 | 118141.69 | 13.49% |
| January 05, 2025 | 118878.74 | 14.2% |
| January 06, 2025 | 119283.16 | 14.59% |
| January 07, 2025 | 119172.41 | 14.48% |
| January 08, 2025 | 118909.22 | 14.23% |
| January 09, 2025 | 118726.17 | 14.05% |
| January 10, 2025 | 118792.79 | 14.11% |
| January 11, 2025 | 117392.87 | 12.77% |
| January 12, 2025 | 117197.90 | 12.58% |
| January 13, 2025 | 117347.97 | 12.73% |
| January 14, 2025 | 117842.24 | 13.2% |
| January 15, 2025 | 119772.03 | 15.05% |
Based on Coingape’s Bitcoin price prediction, investors can expect a double-digit rally that leads to a peak of $108,918 as of December 31. While there may be a brief correction, BTC’s trend remains bullish. Bitcoin Price Forecast Between 2025 and 2029
Bitcoin Price Prediction Between 2025 & 2029
| January | $105,123.44 | $117,549.30 | $111,336.37 | 79.1% |
| February | $104,672.55 | $117,751.36 | $111,211.96 | 78.9% |
| March | $104,221.65 | $117,953.43 | $111,087.54 | 78.7% |
| April | $103,770.76 | $118,155.50 | $110,963.13 | 78.5% |
| May | $103,319.87 | $118,357.56 | $110,838.72 | 78.3% |
| June | $102,868.98 | $118,559.63 | $110,714.31 | 78.1% |
| July | $102,418.08 | $118,761.70 | $110,589.89 | 77.9% |
| August | $101,967.19 | $118,963.76 | $110,465.48 | 77.7% |
| September | $101,516.30 | $119,165.83 | $110,341.07 | 77.5% |
| October | $101,065.41 | $119,367.90 | $110,216.66 | 77.3% |
| November | $100,614.51 | $119,569.96 | $110,092.24 | 77.1% |
| December | $100,163.62 | $119,772.03 | $109,967.83 | 76.9% |
| All Time | $102,643.53 | $118,660.66 | $110,652.10 | 78% |
| January | $102,979.74 | $121,356.03 | $114,425.84 | 84% |
| February | $105,795.85 | $122,940.03 | $118,883.86 | 91.2% |
| March | $108,611.97 | $124,524.02 | $123,341.87 | 98.4% |
| April | $111,428.08 | $126,108.02 | $127,799.89 | 105.6% |
| May | $114,244.20 | $127,692.02 | $132,257.90 | 112.7% |
| June | $117,060.31 | $129,276.02 | $136,715.92 | 119.9% |
| July | $119,876.43 | $130,860.01 | $141,173.93 | 127.1% |
| August | $122,692.54 | $132,444.01 | $145,631.94 | 134.2% |
| September | $125,508.66 | $134,028.01 | $150,089.96 | 141.4% |
| October | $128,324.77 | $135,612.01 | $154,547.97 | 148.6% |
| November | $131,140.89 | $137,196 | $159,005.99 | 155.8% |
| December | $133,957 | $138,780 | $163,464 | 162.9% |
| All Time | $118,468.37 | $130,068.01 | $138,944.92 | 123.5% |
| January | $139,801.17 | $144,684.75 | $169,276.92 | 172.3% |
| February | $145,645.33 | $150,589.50 | $175,089.83 | 181.6% |
| March | $151,489.50 | $156,494.25 | $180,902.75 | 191% |
| April | $157,333.67 | $162,399 | $186,715.67 | 200.3% |
| May | $163,177.83 | $168,303.75 | $192,528.58 | 209.7% |
| June | $169,022 | $174,208.50 | $198,341.50 | 219% |
| July | $174,866.17 | $180,113.25 | $204,154.42 | 228.4% |
| August | $180,710.33 | $186,018 | $209,967.33 | 237.7% |
| September | $186,554.50 | $191,922.75 | $215,780.25 | 247.1% |
| October | $192,398.67 | $197,827.50 | $221,593.17 | 256.4% |
| November | $198,242.83 | $203,732.25 | $227,406.08 | 265.8% |
| December | $204,087 | $209,637 | $233,219 | 275.1% |
| All Time | $171,944.08 | $177,160.88 | $201,247.96 | 223.7% |
| January | $212,511.67 | $218,298 | $243,655 | 291.9% |
| February | $220,936.33 | $226,959 | $254,091 | 308.7% |
| March | $229,361 | $235,620 | $264,527 | 325.5% |
| April | $237,785.67 | $244,281 | $274,963 | 342.3% |
| May | $246,210.33 | $252,942 | $285,399 | 359% |
| June | $254,635 | $261,603 | $295,835 | 375.8% |
| July | $263,059.67 | $270,264 | $306,271 | 392.6% |
| August | $271,484.33 | $278,925 | $316,707 | 409.4% |
| September | $279,909 | $287,586 | $327,143 | 426.2% |
| October | $288,333.67 | $296,247 | $337,579 | 443% |
| November | $296,758.33 | $304,908 | $348,015 | 459.8% |
| December | $305,183 | $313,569 | $358,451 | 476.5% |
| All Time | $258,847.33 | $265,933.50 | $301,053 | 384.2% |
| January | $317,150.58 | $326,144.33 | $372,391.92 | 499% |
| February | $329,118.17 | $338,719.67 | $386,332.83 | 521.4% |
| March | $341,085.75 | $351,295 | $400,273.75 | 543.8% |
| April | $353,053.33 | $363,870.33 | $414,214.67 | 566.2% |
| May | $365,020.92 | $376,445.67 | $428,155.58 | 588.7% |
| June | $376,988.50 | $389,021 | $442,096.50 | 611.1% |
| July | $388,956.08 | $401,596.33 | $456,037.42 | 633.5% |
| August | $400,923.67 | $414,171.67 | $469,978.33 | 655.9% |
| September | $412,891.25 | $426,747 | $483,919.25 | 678.4% |
| October | $424,858.83 | $439,322.33 | $497,860.17 | 700.8% |
| November | $436,826.42 | $451,897.67 | $511,801.08 | 723.2% |
| December | $448,794 | $464,473 | $525,742 | 745.6% |
| All Time | $382,972.29 | $395,308.67 | $449,066.96 | 622.3% |
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
| January | $465,154.42 | $481,462.17 | $546,469.67 | 779% |
| February | $481,514.83 | $498,451.33 | $567,197.33 | 812.3% |
| March | $497,875.25 | $515,440.50 | $587,925 | 845.6% |
| April | $514,235.67 | $532,429.67 | $608,652.67 | 879% |
| May | $530,596.08 | $549,418.83 | $629,380.33 | 912.3% |
| June | $546,956.50 | $566,408 | $650,108 | 945.7% |
| July | $563,316.92 | $583,397.17 | $670,835.67 | 979% |
| August | $579,677.33 | $600,386.33 | $691,563.33 | 1012.3% |
| September | $596,037.75 | $617,375.50 | $712,291 | 1045.7% |
| October | $612,398.17 | $634,364.67 | $733,018.67 | 1079% |
| November | $628,758.58 | $651,353.83 | $753,746.33 | 1112.4% |
| December | $645,119 | $668,343 | $774,474 | 1145.7% |
| All Time | $555,136.71 | $574,902.58 | $660,471.83 | 962.3% |
| January | $667,167.08 | $691,240.58 | $802,526.58 | 1190.8% |
| February | $689,215.17 | $714,138.17 | $830,579.17 | 1235.9% |
| March | $711,263.25 | $737,035.75 | $858,631.75 | 1281.1% |
| April | $733,311.33 | $759,933.33 | $886,684.33 | 1326.2% |
| May | $755,359.42 | $782,830.92 | $914,736.92 | 1371.3% |
| June | $777,407.50 | $805,728.50 | $942,789.50 | 1416.4% |
| July | $799,455.58 | $828,626.08 | $970,842.08 | 1461.5% |
| August | $821,503.67 | $851,523.67 | $998,894.67 | 1506.7% |
| September | $843,551.75 | $874,421.25 | $1,026,947.25 | 1551.8% |
| October | $865,599.83 | $897,318.83 | $1,054,999.83 | 1596.9% |
| November | $887,647.92 | $920,216.42 | $1,083,052.42 | 1642% |
| December | $909,696 | $943,114 | $1,111,105 | 1687.1% |
| All Time | $788,431.54 | $817,177.29 | $956,815.79 | 1439% |
| January | $946,061.92 | $979,838.83 | $1,150,786.08 | 1751% |
| February | $982,427.83 | $1,016,563.67 | $1,190,467.17 | 1814.8% |
| March | $1,018,793.75 | $1,053,288.50 | $1,230,148.25 | 1878.6% |
| April | $1,055,159.67 | $1,090,013.33 | $1,269,829.33 | 1942.4% |
| May | $1,091,525.58 | $1,126,738.17 | $1,309,510.42 | 2006.3% |
| June | $1,127,891.50 | $1,163,463 | $1,349,191.50 | 2070.1% |
| July | $1,164,257.42 | $1,200,187.83 | $1,388,872.58 | 2133.9% |
| August | $1,200,623.33 | $1,236,912.67 | $1,428,553.67 | 2197.7% |
| September | $1,236,989.25 | $1,273,637.50 | $1,468,234.75 | 2261.6% |
| October | $1,273,355.17 | $1,310,362.33 | $1,507,915.83 | 2325.4% |
| November | $1,309,721.08 | $1,347,087.17 | $1,547,596.92 | 2389.2% |
| December | $1,346,087 | $1,383,812 | $1,587,278 | 2453% |
| All Time | $1,146,074.46 | $1,181,825.42 | $1,369,032.04 | 2102% |
| January | $1,387,378.67 | $1,426,572.58 | $1,647,465.92 | 2549.9% |
| February | $1,428,670.33 | $1,469,333.17 | $1,707,653.83 | 2646.7% |
| March | $1,469,962 | $1,512,093.75 | $1,767,841.75 | 2743.5% |
| April | $1,511,253.67 | $1,554,854.33 | $1,828,029.67 | 2840.3% |
| May | $1,552,545.33 | $1,597,614.92 | $1,888,217.58 | 2937.1% |
| June | $1,593,837 | $1,640,375.50 | $1,948,405.50 | 3033.9% |
| July | $1,635,128.67 | $1,683,136.08 | $2,008,593.42 | 3130.7% |
| August | $1,676,420.33 | $1,725,896.67 | $2,068,781.33 | 3227.5% |
| September | $1,717,712 | $1,768,657.25 | $2,128,969.25 | 3324.3% |
| October | $1,759,003.67 | $1,811,417.83 | $2,189,157.17 | 3421.1% |
| November | $1,800,295.33 | $1,854,178.42 | $2,249,345.08 | 3517.9% |
| December | $1,841,587 | $1,896,939 | $2,309,533 | 3614.7% |
| All Time | $1,614,482.83 | $1,661,755.79 | $1,978,499.46 | 3082.3% |
| January | $1,912,592.58 | $1,975,978.17 | $2,362,093.25 | 3699.3% |
| February | $1,983,598.17 | $2,055,017.33 | $2,414,653.50 | 3783.8% |
| March | $2,054,603.75 | $2,134,056.50 | $2,467,213.75 | 3868.4% |
| April | $2,125,609.33 | $2,213,095.67 | $2,519,774 | 3952.9% |
| May | $2,196,614.92 | $2,292,134.83 | $2,572,334.25 | 4037.4% |
| June | $2,267,620.50 | $2,371,174 | $2,624,894.50 | 4122% |
| July | $2,338,626.08 | $2,450,213.17 | $2,677,454.75 | 4206.5% |
| August | $2,409,631.67 | $2,529,252.33 | $2,730,015 | 4291.1% |
| September | $2,480,637.25 | $2,608,291.50 | $2,782,575.25 | 4375.6% |
| October | $2,551,642.83 | $2,687,330.67 | $2,835,135.50 | 4460.1% |
| November | $2,622,648.42 | $2,766,369.83 | $2,887,695.75 | 4544.7% |
| December | $2,693,654 | $2,845,409 | $2,940,256 | 4629.2% |
| All Time | $2,303,123.29 | $2,410,693.58 | $2,651,174.63 | 4164.3% |
| January | $2,753,723.75 | $2,916,544.25 | $3,019,295.17 | 4756.4% |
| February | $2,813,793.50 | $2,987,679.50 | $3,098,334.33 | 4883.5% |
| March | $2,873,863.25 | $3,058,814.75 | $3,177,373.50 | 5010.6% |
| April | $2,933,933 | $3,129,950 | $3,256,412.67 | 5137.7% |
| May | $2,994,002.75 | $3,201,085.25 | $3,335,451.83 | 5264.9% |
| June | $3,054,072.50 | $3,272,220.50 | $3,414,491 | 5392% |
| July | $3,114,142.25 | $3,343,355.75 | $3,493,530.17 | 5519.1% |
| August | $3,174,212 | $3,414,491 | $3,572,569.33 | 5646.3% |
| September | $3,234,281.75 | $3,485,626.25 | $3,651,608.50 | 5773.4% |
| October | $3,294,351.50 | $3,556,761.50 | $3,730,647.67 | 5900.5% |
| November | $3,354,421.25 | $3,627,896.75 | $3,809,686.83 | 6027.7% |
| December | $3,414,491 | $3,699,032 | $3,888,726 | 6154.8% |
| All Time | $3,084,107.38 | $3,307,788.13 | $3,454,010.58 | 5455.6% |
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 Technical Analysis
Bitcoin price action has set up higher highs and higher lows since November 11. The 8.88% crash that occurred between November 22 and 26, set the basis for the next coupled of moves. Forecasting targets using this range has so far yielded positive returns. Let’s explore what comes next for BTC.
Using Fibonacci Tool for the 8.88% crash shows a range that extends from $90,866 to $99,690. The 161.8% Fibonacci extension level at $105,904 was the first target, which hit on Sunday. Since this point, BTC has not stopped and has been slowly trending higher.
With massive BTC ETF inflows and strong fundamentals, this uptrend is unlikely to stop. Going forward, investors can expect Bitcoin price to set up a new high around 261.8% Fibonacci extension level at $113,88. Following this, the 361.8% Fib level at $122,681 will be a new ATH.
This outlook could take place in two scenarios. The first and the most bullish outlook includes Bitcoin price climbing to the $122,681 target slowly and steadily as it has done for so long. The second scenario includes BTC underoing a minor correction before hitting $122,681.
In case of a retracement, Bitcoin price could bounce off the high volume node (HVN) around $100,000. This psychological level will serve as a key support before BTC bounces to new highs.
On the other hand, if Bitcoin price crashes below $100,000 and flips it into a resistance, it will invaldiate this short-term bullish outlook. In such a case, the second HVN at $89,500 will be the next critical support level.
Source: https://coingape.com/bitcoin-btc-price-today-17-december-2024/