Bad forecasts for Bitcoin for August 2024 ☺

Polymarket participants predict a fall in the price of Bitcoin in August 2024:

• 48% believe the price will fall below $60,000;

• 26% bet on a fall to $55,000;

• 12% up to $50,000;

• and 4% up to $45,000.

Historically, August and September are weak months for BTC. In June 2024, trading volume on Polymarket reached a record $111.5 million, the platform entered into a partnership with MoonPay and raised $70 million from Founders Fund and other venture capital funds. Jefferies analysts note that the price of Bitcoin correlates with the results of the US presidential election on November 4, 2024.#BTC