Polymarket punters aim higher for Bitcoin
Polymarket bettors expected to exceed $100,000 in December and it has now happened. December has only just begun and Bitcoin has already made headlines. According to Coinglass, the increase is 4.91% over the first days of the new month. This, even if the coin has fallen slightly since its ATH close to $104,000.
After seeing it right the first time, punters are now focusing on the maximum price the token could reach during the month.
According to Polymarket, $105,000 is a near certainty with 83% probability. As the price increases, the odds decrease. Even if the sentiment is bullish, it is rather moderate on Polymarket. Indeed, if bettors are generally convinced of reaching $110,000 (63%), they are less so with regard to $120,000 (31%) and $130,000 (19%).
For the Coincodex prediction platform, we expect a broadly similar result. Indeed, since it is estimated that the price of BTC will reach an all-time high of $115,000 on January 1st. For December, the maximum expected price is $113,850.
So, despite the very positive outlook around BTC, we also do not expect more craziness regarding the largest crypto in the world. Compared to the current price of the asset, the evolution expected by Coincodex is 13.84%.
Finally, a jump to $120,000 and $130,000 would correspond to a positive development of 18.79% and 28.69%. This would make December a much less impressive month than November, but still very positive.
Moral of the story: bettors put their money on the line, but do they know more about Bitcoin?
Disclaimer
Disclaimer: In accordance with The Trust Project guidelines, BeInCrypto is committed to providing unbiased and transparent information. This article aims to provide accurate and relevant information. However, we encourage readers to verify the facts on their own and consult a professional before making any decision based on this content.
