Will Bitcoin Finish the Month Above $105K? Traders Are Losing Faith
Bitcoin is currently facing a bearish sentiment among predictors on Myriad Markets, who now believe it will fall to $105,000 before potentially rising to a new all-time high of $125,000. The probability of hitting $105,000 has surged to 68%, reflecting a significant shift in expectations over the past two days. Bitcoin is trading nearly 4% above this threshold for the first time since early September and has experienced a 5% drop in value over the last week. The ongoing volatility is compounded by external pressures, such as inflation concerns driven by recent tariff announcements. Analysts note that overall market valuations have suffered this week, with a loss exceeding $162 billion, making it critical for Bitcoin to reach a support level soon. With the month historically being tough for Bitcoin, it will require a turnaround to regain its footing towards an all-time high of $124,118, needing a 14% gain to avoid downward momentum.
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