Recently, what's interesting is the various perspectives on Bitcoin's short-term movements in prediction markets. According to current market forecasts, the probability of Bitcoin reaching $100,000 in January is only 26%, which does sound rather pessimistic. However, more people are betting on the $95,000 level, with a probability reaching 59%, suggesting the market is inclined toward bullishness, just without such aggressive upside expectations.
Looking at the downside risks in reverse, the probability of a drop to $85,000 is 43%, which is not a small proportion, meaning nearly half of the predictions anticipate a significant pullback. Going further down, the probability of falling to $80,000 drops to 19%, which should be a key support level in many people's minds.
Overall, market sentiment is leaning toward mild optimism, but the pricing of risk is quite adequate as well. Everyone is closely watching how Bitcoin's move will play out.
Recently, what's interesting is the various perspectives on Bitcoin's short-term movements in prediction markets. According to current market forecasts, the probability of Bitcoin reaching $100,000 in January is only 26%, which does sound rather pessimistic. However, more people are betting on the $95,000 level, with a probability reaching 59%, suggesting the market is inclined toward bullishness, just without such aggressive upside expectations.
Looking at the downside risks in reverse, the probability of a drop to $85,000 is 43%, which is not a small proportion, meaning nearly half of the predictions anticipate a significant pullback. Going further down, the probability of falling to $80,000 drops to 19%, which should be a key support level in many people's minds.
Overall, market sentiment is leaning toward mild optimism, but the pricing of risk is quite adequate as well. Everyone is closely watching how Bitcoin's move will play out.