Bitcoin price holds at $95K while prediction markets assess future
Bitcoin's (CRYPTO:BTC) price is hovering around $95,000, with market participants actively engaging in prediction platforms like Kalshi and Polymarket to speculate on its future movements.
Currently, a wager on Polymarket indicates a 12% chance that Bitcoin could reach $120,000 by the end of January.
Looking ahead to 2025, expectations are notably high, particularly as this year aligns with the Chinese Zodiac's Year of the Wood Snake, symbolizing growth and strategic foresight.
One significant factor drawing attention is whether President-elect Donald Trump will establish a national strategic Bitcoin reserve for the United States.
Some analysts believe that Trump's inauguration could catalyze a bullish trend for Bitcoin, potentially driving its value to new heights.
On Kalshi, a long-term bet is in play regarding Bitcoin's price peak before 2026.
Currently, there is a 59% probability that Bitcoin will reach $125,000 or higher.
Additionally, 35% of bettors expect the price to exceed $150,000, while 29% predict it will surpass $160,000.
This particular wager is currently valued at $133,000.
In terms of immediate predictions on Polymarket for January prices, the leading option is $90,000, with a 61% probability.
Following this are predictions for $105,000 at 41%, and $110,000 at 26%.
The likelihood for $120,000 stands at 12%, while a projection of $200,000 has only a 1% chance.
Another Polymarket wager titled “What price will Bitcoin hit by March 31?” shows similar trends with about 76% favoring $90,000.
As 2025 progresses, the active participation in prediction markets reflects growing anticipation surrounding Bitcoin's future.
While the price remains volatile, these wagers indicate investor confidence and expectations that could significantly influence Bitcoin's trajectory as the year unfolds.
At the time of reporting, the Bitcoin price was $95,718.37.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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