Odds of Bitcoin Reaching Over $100K Before End of November Quite Good

What price will Bitcoin hit in November?”

73% of those betting on the price of Bitcoin at Polymarket believe it could touch $95,000 before the month ends, while 30% believe it will cross the $100K mark and reach $105,000.

The price of Bitcoin sat around the $90,000 mark on November 15.  The $90,499 represented another all time high.

For the Polymarket bet to become official, this market will immediately resolve to "Yes" if any Binance 1 minute candle for Bitcoin (BTCUSDT) between November 1, 2024, 00:00 and November 30, 2024, 23:59 in the ET timezone has a final "High" price of $150,000.00 or higher. Otherwise, this market will resolve to "No."

Market analyst Josh Gilbert of eToro said Bitcoin’s recent run of record highs is far from over and predicted that BTC will notch a new six-figure all-time high of $100,00 by year’s end.

In line with several other analysts, Gilbert cited Trump’s presidential victory, cooling interest rates, a robust US economy and a growing institutional appetite that saw record daily inflows into Bitcoin ETFs last week as key catalysts for future growth. “This run is yet to exhibit the ‘euphoria’ levels from retail that we’ve seen in previous cycles,” Gilbert told Coin Telegraph.

Not everybody is in agreement.

CryptoQuant CEO Ki Young Ju offered a more bearish outlook on price action for Bitcoin in the next few months.

In a Nov. 9 post to X, Ki said he expects Bitcoin to close the year at $58,974, citing overheated derivatives activity as the reason for an imminent correction.