Polymarket traders have placed their bets on Bitcoin’s future, with the odds of it hitting a $1,000,000 milestone in 2025 standing at just 10%. While this scenario appears unlikely, attention is shifting to Bitcoin’s price movements over the short term, particularly by March 31, 2025.
The majority of traders predict that Bitcoin will exceed $75,000 by the end of the first quarter, assigning this outcome a 34% probability. The second most likely scenario is a price point of $70,000, with a 16% chance. Other possible targets include $95,000 (22% probability) and $100,000 (10%).
However, the prospect of Bitcoin reaching new heights appears increasingly slim. The odds of it surpassing $110,000 stand at just 2%, while the chances of hitting $120,000 are even lower, at only 1%. Predictions for Bitcoin hitting $150,000 or $200,000 are even more unlikely, with probabilities below 1%.
Despite these long-shot odds, over $4.5 million has been wagered on these outcomes, reflecting lingering optimism among some traders for a significant breakout.
Currently, Bitcoin is priced at $83,102, a slight decrease of 1.41% from the previous day. Its market capitalization remains steady at $1.64 trillion, although trading volume has dipped by 32.11%, signaling a quieter market atmosphere. While some traders still foresee Bitcoin reaching six figures soon, most are betting on a more gradual ascent rather than an explosive surge.
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