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Bitcoin surged to $126,198 in October 2025, the highest level recorded. New Binance forecasts suggest a range of $50‑$87 k through 2029, highlighting key
Bitcoin closed at a record $126,198 on 22 Nov 2025, its highest price since launch, underscoring the asset’s volatility and the importance of upcoming supply events for the next three years【2】.
| At a glance | |
|---|---|
| Record high | $126,198 (Oct 2025) |
| 2026 forecast | $64,444 ± $32 k (average) |
| 2027‑2029 range | $49‑$87 k (average) |
| Catalyst | 2024 halving & institutional ETF inflows |
The April 2024 halving reduced the block reward from 6.25 BTC to 3.125 BTC, tightening new supply and historically preceding price rallies. After the halving, Bitcoin rallied to its 2025 peak of $126,198, a jump of roughly 70 % from the $74,601 level recorded in late 2024【2】. The surge was amplified by growing institutional interest, notably the launch of several Bitcoin ETFs in early 2025 that added billions of dollars of net inflows.
Binance’s user‑driven model projects Bitcoin at $64,444 on 5 Aug 2026, with a wide 30‑day band of $60,507‑$96,834 for September 2026【1】. The same model predicts a gradual decline to an average of $67,432 by Dec 2027 and $58,441 by Dec 2028, before stabilising near $49,450 in Dec 2029. Monthly tables show a steady slide from $75,673 in Jan 2027 to $49,450 by end‑2029, implying a potential ROI of +45 % in early 2027 down to +5 % by 2029【1】.
Bitcoin’s capped supply of 21 million coins means each halving cuts the issuance rate, tightening scarcity. With roughly 19.3 million coins already mined, the remaining 1.7 million will be released over the next decade, limiting upside from new supply. On‑chain metrics such as the 200‑day moving average have been trending upward since late July 2026, suggesting broader bullish sentiment despite the projected price dip【1】.
The 2025 record high demonstrates Bitcoin’s capacity for rapid appreciation, yet the forecasted 2026‑2029 range suggests a more modest trajectory, driven by supply constraints and evolving institutional participation. Whether the next halving or renewed ETF inflows will lift prices back toward former highs remains the key question for the market.
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AI-assisted synthesis by the TrendWatcher Editorial Desk · sourced from 2 outlets · Aug 5, 2026 · How we report
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