How Much Will Bitcoin Price See in November? Here are the Odds According to Forecasts

With Bitcoin trading around $91,000 and rising rapidly following the election, the crypto world is awash with speculation about how high the largest cryptocurrency could go.

Prediction markets and leading analysts are offering a range of predictions that underscore Bitcoin’s potential in a bullish environment.

On Polymarket, a leading crypto-based prediction platform, users are optimistic about Bitcoin’s performance this November:

The 72% rate indicates that Bitcoin will reach $95,000.

• The probability of Bitcoin reaching $105,000 is 23%, and the probability of it reaching $110,000 is 14%.
• A separate trading shows that there is a 60% chance that Bitcoin will stay above $90,000 by November 22.

Meanwhile, another prediction market, Kalshi, shows more long-term confidence:

• There is a 52% chance that Bitcoin will exceed $125,000 by 2026.
• There is a 44% chance that Bitcoin will reach $150,000 or more.

Wall Street strategist and Fundstrat Global Advisors co-founder Tom Lee, whose 2023 stock market predictions are among the most accurate, is continuing his bullish outlook on Bitcoin. While his March prediction of $150,000 by the end of the year now looks less certain, he told CNBC last week that it was still plausible for Bitcoin to reach six figures.

“Post-halving, Bitcoin becomes much more important and with the lower regulatory barriers, there is a significant upside from here,” Lee said.

Bitcoin, which is already up 32% in November, only needs to climb another 10% to reach the $100,000 milestone.

*This is not investment advice.