Summary
- It reported that traders on Polymarket are pricing in a 61% probability that Bitcoin will reach $60,000 before $80,000.
- It said this is about a 5-percentage-point increase from recent levels, indicating that in the short term the risk is skewed more to the downside than the upside.
- It reported that Bitcoin is currently trading at $68,096.33, down 1.32% from the previous day.
Forecast Trend Report by Period
A forecast has emerged that Bitcoin (BTC) is more likely to decline than rise in the short term.
According to Cointelegraph on the 22nd (local time), traders on the decentralized prediction market Polymarket were shown to be pricing in a 61% probability that Bitcoin will reach $60,000 before $80,000. This is up about 5 percentage points from recent levels.
Bitcoin has recently fallen as investor sentiment weakened after U.S. President Donald Trump demanded that Iran open the Strait of Hormuz and hinted at the possibility of a military response. Bitcoin is currently trading at $68,096.33, down 1.32% from the previous day, according to CoinMarketCap.
Suehyeon Lee
shlee@bloomingbit.ioI'm reporter Suehyeon Lee, your Web3 Moderator.
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