Can a hundred thousand really be reached? ZhenKang helps you see!

Conservatives believe

The probability of Bitcoin reaching 100,000 by the end of the year is 50%

We focus on the recent market, despite the price recently retreating to 90,000 several times, the hawks are still targeting the high point of 120,000.

ZhenKang has caught some noteworthy information based on recent news.

First: Nick Forster, the founder of the on-chain options DeFi options protocol, stated in his market report on November 26: "Interestingly, the probability of Bitcoin breaking through 100,000 has risen from 34% last week to 45%, while the probability of breaking through 150,000 is 4%.

Regarding this view, Forster further explained that there is a strong demand in the market for both upside potential and downside protection." At the same time, according to Derive data, nearly 40% of trades are call options, while another 40% are put options.

Through the data, we can see that by the end of 2024, the probability of Bitcoin rising to 120,000 is 68%, while the probability of Bitcoin dropping below 70,000 is only 5%.

The bull market will continue!!

A hundred thousand will definitely be reached, but currently, there is no breakthrough sentiment in the short term. Since the market's accumulation and slaughter have not yet been completed, a short-term deep adjustment is still needed, so the market is still oscillating.

Only when the profit space of the crops is satisfied.

Only by breaking through a hundred thousand can it become a common interest for crops, retail investors, and large investors, then a hundred thousand will ultimately come!

We just need to stand by and wait!

ZhenKang advises everyone not to be influenced by market emotions at this time; impulsively entering the market will only become fuel for the bullish carnival night!