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Market predictions indicate that the likelihood of Bitcoin reaching $100,000 by the end of the year is 85%, while the likelihood of it reaching $150,000 is 9%

Nov 23, 2024 22:38:36

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ChainCatcher news, according to Cointelegraph, the prediction market Kalshi data shows an 85% probability that BTC will reach $100,000 by the end of the year, 9% for $150,000, while the average forecast on the Kalshi platform indicates that a BTC price of $125,000 could become a reality in the new year of 2025.

Analysts believe that ETFs have played a key role in the factors driving the rise in Bitcoin prices, absorbing over 90% of the selling pressure from long-term holders.

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