BTC Price Forecast: $125K Likely as Year-End Approaches
As bulls continue to pressure six digits, prediction markets believe that Bitcoin might end the year at $125,000 or higher. According to data from betting platform Kalshi, there is an 85% likelihood that the price of Bitcoin will reach $100,000 before the end of 2024.
Bitcoin has yet to surpass $100,000, but the general assumption is that it will happen “when,” not “if.” The probability of the price of BTC/USD reaching $100,000 or more on December 31 is now 81%, based on real-time data from Kalshi. By the start of the new year, Kalshi’s median prediction predicts that a price tag of $125,000 BTC will become a reality.
BTC Rallies 55% in Q4: Will Momentum Push It to $100K?
According to data from the monitoring site CoinGlass, Bitcoin is now up about 40% in November and 55% in Q4 altogether, making this year nearly as profitable as the final quarter of 2023. Since Bitcoin burst over its previous all-time high set in March, there has hardly been any consolidation or support retests to the raging price advances.
Although others contend that a pullback ought to follow in order to support any future gains, the market has not yet shown any indications of slowing. Bitcoin’s biggest psychological hurdle is still $100,000. According to Cointelegraph, long-term holders who have been holding coins for years are competing with large inflows of institutional investors.
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