🕵️♂️ Will Bitcoin reach $100,000 by the end of the year?
Many people are speculating whether Bitcoin will hit the $100,000 mark before the end of the year. Does it sound exciting? But wait, the options market tells us that the probability of achieving this goal is less than 10%.
According to Deribit data, the probability of Bitcoin price breaking through $100,000 by the end of December is only 9.01%. However, the options market is like a bet on the future price of Bitcoin, and this bet tells us that it is generally believed that Bitcoin is unlikely to rise above $100,000 before the end of the year.
However, don't be too disappointed, because the market is always unpredictable. Some observers say that the probability of Bitcoin price rising to $82,000 is greater.
Griffin Ardern, head of options trading and research at BloFin, said that according to the current options market, in the best case, the price of Bitcoin may fluctuate 22% in both directions by the end of the year, which means we can expect to see Bitcoin price rebound to more than $82,000.
And don't forget the US election on November 5! The election results may have far-reaching regulatory impacts on the digital asset industry and may also bring volatility to the market. Therefore, if the election results are unexpected or there is other big news in the market, it is possible that Bitcoin will reach $100,000 before the end of the year.
💭 So, what do you think? Do you think Bitcoin can reach $100,000 before the end of the year? Or, what factors do you think will affect the price of Bitcoin? Come to the comment section to leave your thoughts and discuss the future of Bitcoin together!
