Cryptocurrency prediction platform Polymarket reported that the probability of Bitcoin falling below $90,000 by the end of the year has increased to 68%.
According to the latest predictions on the platform, the probability of BTC falling below $80,000 is 26%, while the probability of it rising above $120,000 is 22%. The total trading volume of the respective prediction pool has exceeded $54.75 million.
Some of the prominent rates from the predictions are as follows:
- Over $120,000: 22%
- Over $130,000: 12%
- Over $150,000: 5%
- Over $170,000: 3%
- Over $200,000: 2%
- Over $250,000: 1%
- 1 milyon dolar: <%1
The picture is much sharper in downward predictions:
- Under $90,000: 68%
- Under $80,000: 26%
- Under $70,000: 12%
- Under $50,000: 3%
- Under $20,000: 1%
Bitcoin fell below $95,000 on Friday, marking four consecutive days of losses. The pullback coincided with a sell-off in AI-focused tech stocks. The decline in BigTech stocks, which are heavily tied to the crypto market, has dampened risk appetite.
Animoca Brands co-founder Yat Siu, speaking to CNBC, attributed the pullback to a liquidity crunch:
“There’s less money in the market. Investors are having to sell some assets to cover other shortfalls or concerns in the system. This is the result of a broader contraction.”
*This is not investment advice.
Source: https://en.bitcoinsistemi.com/will-bitcoin-fall-below-90000-this-year-here-are-the-odds/
