As January approaches its conclusion, the prediction platform Polymarket has begun to reveal insights into anticipated Bitcoin price levels for the month’s end.
Currently, Bitcoin is valued at $87,832.
On Polymarket, participants in contracts labeled “What price will Bitcoin reach in January?” are primarily favoring a scenario where it hits $85,000. The likelihood of it dropping below this threshold stands at 46%.
In terms of potential upward movements, optimism appears to be somewhat restrained. The chance of Bitcoin reaching the $100,000 mark by the end of January is estimated at just 3%, while a target of $105,000 carries an even slimmer probability of only 1%.
Conversely, for lower price points on Polymarket, there’s a 9% chance attributed to hitting $80,000 and merely a 3% likelihood for dipping down to $75,000.
The overall sentiment indicates that the market is more inclined towards closing out January around or slightly beneath the $85,000 level.
This past weekend saw BTC’s value take a notable downturn amid rising concerns over a potential US government shutdown.
*This content does not constitute investment advice.