Is Bitcoin quietly building the base for its next big leg, or is this rally about to hit a wall?
After a deep reset, buyers have rebuilt the price step by step, and the chart looks very different from a few months ago.
That shift puts the Bitcoin price prediction 2029 question back on every trader's screen, with the biggest headline asking whether BTC can stretch toward $300K.
Bitcoin Price Today: Market Cap, Supply and Valuation
Bitcoin price today is near $86,265, up 1.53% over 24 hours, according to Coinglass. 
Market capitalization is $1.73 trillion, and 20.09 million of the 21 million maximum supply, about 95.7%, is already circulating.
DefiLlama shows market cap and fully diluted valuation at the same $1.725 trillion, which underlines how little supply is left to arrive.
Bitcoin Network Activity: Fees Cool While Transactions Climb
The latest 24-hour pulse from Blockchain.com shows 426K active addresses, down 10.3%, and 714K total transactions, up 15.2%.
Bitcoin network fees fell 26.5% to $204,852, and total volume slipped 10.9% to about $3.32 billion. 
More transactions with fewer active addresses and cheaper blockspace suggests a calm network rather than a frenzy.
DefiLlama lists Bitcoin DeFi TVL at $4.56 billion, up 0.89% on the day, with net inflows of $242,245 and 633,419 active addresses. 
The TVL chart was close to zero before late 2024, climbed to nearly $9 billion at its late 2025 peak, fell to about $3 billion early this year, and has recovered to around $4.5 billion.
Chain fees were $196,303 and DEX volume only $265,617, so on-chain DeFi is still a small corner next to a $1.7 trillion market cap.
Bitcoin Open Interest: How Much Leverage Is in the Market?
Bitcoin open interest stands at $54.95 billion per Coinglass, about 3.2% of market cap.
Futures volume of $46.93 billion is roughly 15 times the $3.10 billion traded on spot, so derivatives set the pace of daily trading.
That can help a breakout travel fast, but it also makes sharp shakeouts likely around key levels. With no clear positioning tilt in view, the read stays mixed.
BTC Market Depth: What the Q3 Comparison Says About Bitcoin
A BSCN post on X citing CoinGecko says Bitcoin rose 42% in the third quarter, while Ether gained 70%. 
The same data showed Ether holding only 35% to 45% of Bitcoin's market depth between July and September. In plain terms, Bitcoin's order books remain far thicker.
That BTC market depth is a quiet strength, since larger orders can move through with less slippage if demand keeps building.
Bitcoin Weekly Chart Analysis: Rounding Bottom Pressing the Rim
On the TradingView Bitcoin weekly chart, a BTC rounding bottom has formed after the slide from the 2025 peak.
Price scooped out a base above 56,820, reclaimed 77,026, and has climbed the right side of the curve ever since. 
The latest weekly candle opened at 86,490 and sits at 86,377, a small 0.15% dip, while RSI at 63.07 shows firm momentum short of overbought.
Price is now pressing against the curve's upper rim at 94,057.
For the Bitcoin price prediction 2029 picture, 94,057 is the line to watch. A weekly close above it, followed by a hold on any retest, would complete the pattern and open 110,141, then 126,203 near the 2025 peak area.
Beyond that, 159,602 stands as a psychological level, with $200K and $300K further out.
On the downside, 77,026 is the first strong support, and 56,820 is the major support anchoring the whole base.
These BTC support and resistance levels frame the setup, and a slip under 77,026 would damage the right side of the curve.
What Needs to Change for BTC to Reach $300K?
$300K is about 3.5 times today's price and would value Bitcoin near $6 trillion on 20.09 million coins.
Even $200K implies roughly $4 trillion. The last mapped level on the chart is 159,602, about 85% above spot, so anything past it rests on psychology and fresh demand rather than structure.
The path starts with a confirmed weekly close above 94,057, then orderly progress through 110,141 and 126,203.
Along the way, DeFi TVL and inflows need to keep rising, spot volume has to gain ground on futures, and large buyers must keep showing up.
Without follow-through at each step, $300K stays a distant stretch scenario.
BTC Price Outlook 2029: Scenarios and Key Levels
These are scenario zones drawn from chart structure across the 2029 horizon, not dated forecasts.
In the Bitcoin price prediction 2029 base case, BTC works through 94,057 and pauses near 110,141 before a bigger decision at 126,203. While 77,026 holds, the bias remains constructive.
Key Risks for Bitcoin
The rim at 94,057 has not been cleared, and a rejection could send the price back toward 77,026. Derivatives volume runs about 15 times the spot, so leverage-driven reversals are a real threat. Active addresses are down 10.3%, and total volume is down 10.9% over the last day, which does not yet show broad participation.
DeFi TVL also remains well under its late 2025 peak, and $200K to $300K would need sustained demand that no chart can confirm.
Expert Opinion on Bitcoin's 2029 Outlook
As per the analyst desk, the weekly structure has improved a great deal since the slide began, with a rounding bottom, a recovering RSI, and thick market depth pointing the same way.
The desk wants a weekly close above 94,057 that survives a retest before leaning bullish with conviction and treats 159,602 as the real upper checkpoint.
$200K and $300K are best read as psychological zones, not planning assumptions.
Conclusion
The Bitcoin price prediction 2029 outlook hinges on 94,057. A confirmed weekly close above it keeps the rounding bottom intact and opens 110,141 and 126,203, while failure there puts 77,026 back in play.
Reaching $300K would need a move of roughly 3.5 times, so it is best seen as a distant stretch case that depends on every earlier level holding.
Disclaimer: This article is for informational purposes only and does not constitute financial, investment or trading advice. Cryptocurrency prices are volatile and scenarios discussed here are not guarantees. Please do your own assessment before making any decision.
