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The Bitcoin market has seen a surge of nearly 8.0% in the last seven days. Right now, the market is slowly inching towards the milestone of $100K. Many Bitcoin enthusiasts believe that the market could cross the 100K range within a few days. Meanwhile, prediction markets like Kalshi share an even higher expectation. Here is what you should know.
Bitcoin $150K? What the Prediction Markets Say
Prediction markets like Kalshi suggest that there is at least a 13% chance for Bitcoin to hit the $150K range before the end of this year. This points to the possibility of a breakout rally above the $100K range.
BTC $100K Almost Certain: The 95% Odds Explained
Prediction markets indicate that there is at least a 95% chance for BTC to cross the level of $100K before December 31. Considering the current bullish trend in the Bitcoin market, there is no reason to doubt Bitcoin’s ability to cross the milestone of $100K before the end of this year.
Read more about Bitcoin price predictions for 2025-2030 and see how high BTC could rise, check out our detailed analysis on upcoming milestones and market trends.
Since the US presidential election day, the BTC market has seen massive growth. On November 5, the price of Bitcoin was at $67,842.12. Since then, it has surged by at least 45.51%. Yesterday, at the time of close, the Bitcoin price was at $98,962. Though in the last 24 hours, the price has slightly declined by 0.2%, as the general trend is favourable, the Bitcoin market is likely to climb up in the coming hours.
If the market repeats the performance of the second weekend of this month of +5.29%, by November 25, Monday, the price could jump to $103,975. Notably, in the first and third weekends, the market showed declines of -1.19% and -1.36%, respectively.
Median Bitcoin Price Forecast: $127K by Year-End
Interestingly, the median forecast suggests that the Bitcoin market could touch the level of $127,000 before December 31. Certainly, this sounds extremely realistic, as it does consider the possibility of flash crashes. Importantly, if the market reaches the level of $127,000, the total market cap of Bitcoin could cross the range of $2.5 trillion.
Currently, the BTC market cap remains at $1,950,949,880,430. At the time of BTC’s previous all-time high, the market cap was around $1.43T. Between mid-March to early-November, the BTC market cap oscillated between $1.44T and $1.06T. It was on November 5, the market broke above this range. Since then, the market has experienced a 42.33% rise in market cap.
In conclusion, Bitcoin’s future looks bright, with prediction markets pointing towards historic milestones.
FAQ
what is one bitcoin worth
one Bitcoin is currently worth approximately $98,962, though the price has slightly declined by 0.2% in the last 24 hours.
