# Bitcoin Closes Below Its 50-Day Average at $81,237 on Oct. 28 By Enna Lee Canonical URL: https://www.tokenpost.com/news/investing/43878 Published: 2026-10-29T20:48:55.000Z Updated: 2026-10-29T20:48:55.000Z Section: Investing > BTC remained above its $73,058 200-day average. Bitwise’s 2036 base case values Bitcoin at $1,599,766. 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. ## Links in this article - [previously covered Bitwise’s 2036 forecast](https://www.tokenpost.com/news/investing/42833)