Following a week of crypto market declines, investors’ biggest concern was whether Bitcoin would fall below $80,000 again by the end of November.
The trading pools set up on the prediction market platform Polymarket provide notable signals about market expectations.
At the time of writing, Bitcoin is trading at $87,415, according to data from CoinGecko. Volatility continues, with BTC up 3.19% in the past 24 hours and down 7.26% in the past week.
More than $42.5 million has been traded on the market so far this month, targeting Bitcoin’s potential for price increases. The most impressive finding here is that there is a 25% chance that BTC will fall below $80,000 by the end of the month.
Accordingly:
- $80,000: 25%
- $75,000: 8%
- $70,000: 4%
- $65,000: 2%
- $60,000: 1%
Regarding expectations for price increases, it is noteworthy that the possibility of prices rising above $120,000 is almost zero. For example, the $200,000 scenario is priced with a probability of less than 1%.
*This is not investment advice.
