Bitcoin's 'wild' probability indicates 85% chance of BTC price surpassing US$ 100 by the new year

Bitcoin forecasts easily favor a six-figure price for BTC by early 2025, but selling pressure continues to build.

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Bitcoin BTCR$580,353 could end the year at US$ 125,000 or more, prediction markets say, as bulls keep pressure on six figures.

Data from betting platform Kalshi suggests an 85% chance of the BTC price reaching US$ 100,000 before the end of 2024.

BTC Price Faces 'Wild' Prediction of US$ 127,000

Bitcoin may not have yet reached the $$ 100,000 mark, but the consensus is overwhelmingly that it is a matter of “when”, not “if”.

According to Kalshi's live numbers, the odds of BTC/USD being at US$ 100,000 or higher on December 31 currently stand at 85%.

There is even a 9% chance that the pair will reach US$ 150,000 in that time, plus an outside bet of US$ 250,000 or more.

In total, Kalshi's median forecast sees a BTC price of US$ 125,000 becoming reality by the new year.

"It appears that prediction markets are starting to price in a potential explosive rally above US$ 100,000," replied trading resource The Kobeissi Letter on X, calling the numbers "wild."

Kobeissi noted that Bitcoin's market value could reach US$ 2.5 trillion by

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