Will Bitcoin Price Fall to $80,000 Before November Ends? Here Are the Odds
Following the week-long decline in cryptocurrency markets, investors’ biggest concern was whether Bitcoin would fall below $80,000 again before the end of November.
Trading pools opened on the prediction market platform Polymarket provide remarkable signals about market expectations.
At the time of writing, Bitcoin is trading at $87,415, according to CoinGecko data. Volatility continues, with BTC up 3.19% in the last 24 hours and down 7.26% in the last week.
Over $42.5 million has been traded in the market so far this month, targeting the potential price hikes for Bitcoin. The most striking finding here is the 25% probability that BTC will break below $80,000 before the month is out.
Accordingly:
- $80,000: 25%
- $75,000: 8%
- $70,000: 4%
- $65,000: 2%
- $60,000: 1%
Yukarı yönlü fiyat beklentilerinde ise 120.000 dolar ve üzeri ihtimallerin neredeyse sıfırlanmış olması dikkat çekiyor. Örneğin 200.000 dolar senaryosu <%1 olasılıkta fiyatlanıyor.
*This is not investment advice.