Over the past week, Bitcoin has ranged between $59,019 and $63,794 per unit. While prices have fallen slightly — by 1.29% in October so far — there is still plenty of optimism that Uptober will live up to its reputation. After all, October has historically been a good month for Bitcoin, with enthusiasts eagerly anticipating a potential rally as we move forward into the next few months.
End of 2024 forecast suggests Bitcoin could break above $74k
Bitcoin is currently trading at $62,735 per coin, with a market cap of $1.31 trillion. This puts Bitcoin comfortably in the top ranks of global assets – it is now the tenth largest by market cap, alongside major corporations and even exceeding the value of some entire economies.
Many analysts are confident that the market will continue its upward trend as the month progresses. Despite some volatility, Bitcoin’s ability to maintain its position in the $60,000 range indicates strong support from institutional and retail investors. Some forecasts suggest that Bitcoin could surpass $65,000, with more bullish scenarios predicting that it could even challenge the $80,000 to $100,000 level before the end of the year.
According to coincodex.com’s Bitcoin (BTC) price prediction, BTC is expected to break the $74,000 barrier in less than a week, with a 30-day forecast of $88,267. This represents a jump of over 40% from its current level. Looking ahead to 2025, they expect the price of Bitcoin to peak at $104,738, with a low of $63,654. By 2026, we could see a low of $84,756 and a high of $177,384.
Meanwhile, changelly.com has released its own forecast. In October, it expects Bitcoin to fluctuate between $61,473 and $76,664.73. By November, the site expects a slight decline, with prices ranging between $58,138.52 and $77,133.95. December, while expected to be more stable, appears to be lower, with a range of $61,097.32 to $63,022.10. These numbers indicate potential growth and stability in the near future.
According to changelly.com’s metrics for 2025, Bitcoin is expected to maintain a steady growth every month. January estimates suggest prices between $61,651.60 and $70,344.69. By July 2025, Bitcoin could rise to a range of $82,730.07 to $86,595.37. By December 2025, forecasts suggest a high of $100,137.61 and a low of $100,295.47. With an expected ROI of 61.1%, the year could see a steady upward momentum.
According to the latest odds from Polymarket, bettors are giving Bitcoin ( BTC ) a 29% chance of hitting $70,000 this month. BTC is set at a 54% chance of hitting $67,500 for October. On the downside, there is a 37% chance of it falling to $57,500. This bet expires on October 31, with a volume of $599,477 at press time. Polymarket bettors are also giving BTC the odds of hitting a new all-time high this year at 57%.