Bitcoin and altcoins experienced a strong recovery last week after a decline that began in October.
Bitcoin briefly rose above $76,000, but this increase was short-lived, and the price retreated back to around $71,000.
While both bullish and bearish predictions are coming in for Bitcoin and altcoins, expectations on the prediction marketplace Polymarket have also become clear.
At this point, investors believe that downward movements will continue in the short term, especially in Bitcoin (BTC), Ethereum (ETH), and Solana (SOL).
According to Polymarket data, the expected prices for BTC, ETH, and SOL in March were as follows.
1. Bitcoin (BTC):
Polymarket is pricing in a 35% probability that Bitcoin will fall below $65,000 in March.
Predictions titled “What Price Will Bitcoin Reach in March?” indicate that a decline in BTC prices is the dominant expectation.
- A drop below $65,000 is the most likely scenario, with a 35% probability.
- This is followed by a 22% probability that Bitcoin will rise above $80,000 in March.
- Finally, the possibility of Bitcoin falling below $60,000 is only around 14%.
2. Ethereum (ETH):
In predictions titled “What Will Ethereum’s Price Be in March?”, bullish forecasts for Ethereum are prominent.
- The most dominant scenario is pricing above $2,400 with a 53% probability.
- A move above $2,600 is priced in with a 23% probability.
- These are followed by a third prominent prediction with an 8% probability that ETH will either rise above $2,800 or fall below $1,800.
- The probability of Ethereum surpassing $3,000 in March is priced at just 3.
3. Solana (LEFT):
In predictions titled “What Will Solana’s Price Be in March?”, bearish forecasts are prominent for Solana as well.
- The most dominant scenario is pricing below $80 with a 43% probability.
- Secondly, a move above $100 is priced in with a 41% probability.
- These are followed by a third prominent prediction with an 18% probability of going above $110.
*This is not investment advice.