Bitcoin Closes Below Its 50-Day Average at $81,237 on Oct. 28

Bitcoin (BTC) closed at $81,237 at the Oct. 28 UTC daily close, below its 50-day average but above its 200-day average, a market reading that provides context for Bitwise Asset Management’s 2036 valuation.

The 50-day average was $81,886, while the 200-day average was $73,058. The price and both averages refer to the Oct. 28 UTC daily close.

Bitwise’s 2036 scenarios set Bitcoin’s value at $130,686 in the bear case, $1,599,766 in the base case and $3,667,911 in the bull case. The corresponding projected annualized returns are 4.6%, 34.3% and 46.0%, calculated from a Sept. 30, 2026, reference price of $83,557. TokenPost previously covered Bitwise’s 2036 forecast.

The base case assumes the combined gold-and-Bitcoin store-of-value market reaches $109.8 trillion by 2036, with Bitcoin accounting for 25%. The model gives Bitcoin a 1% share of an estimated $303.5 trillion institutional investment market. These are model assumptions, not established outcomes.