According to the predictions on Polymarket, Bitcoin ($BTC) is experiencing a bullish momentum in the final quarter of 2024. The odds predicting its reach to $100,000 by the next year are now at 68%. With its all-new highs and reaching around $90K, Bitcoin ($BTC), world’s most dominant cryptocurrency, is on track to hit $10k sooner than many anticipated. This rising trend aligns with the previous forecast as Bitcoin ($BTC) currently reaching around $90K.
The odds of #Bitcoin hitting $100K in 2024 on @Polymarket now reach 68% as $BTC continues to record new highs!
This aligns closely with our April prediction that $BTC would:
1/ Range from $56K to $70K in May and July 2024.
2/ Hit $100K in the second… https://t.co/WmuXrwrLED pic.twitter.com/yGXePJ8lAw
— Spot On Chain (@spotonchain) November 12, 2024
A Year of Bitcoin’s Strong Price Prediction
In April, many analysts predicted that Bitcoin would go between $56,000 and $70,000 in May and July of 2024. This forecast has proven accurate so far, establishing confidence in the next milestone. Now, analysts and industry insiders are seeing the 63% probability that Bitcoin will reach $100K by the second half of 2024. The prophecies are going true so far as Bitcoin ($BTC) is bulling right now.
Long-Term Outlook and Future Prospects
As per the details shared SpotOnChain, Bitcoin’s long-term outlook remains bright as the excitement does not stop at $100,000. Analysts are now predicting the price of Bitcoin to reach $150,000 by the first half of 2025, the chances are 42%. This projection is further fueled by a potential shift in the U.S. policies toward crypto.
There is a coincidental possible return of former President Doland Trump, who has signaled an interest in cryptocurrency’s supportive and friendly stance. The support of President Donald Trump could boost the growth of the crypto market and the final prophecy would become true with this coincidence. It could provide additional momentum for Bitcoin’s growth.
Source: https://blockchainreporter.net/bitcoin-bull-run-btc-all-set-to-hit-100k/