The value of Bitcoin (BTC) experienced a significant drop today, dipping below $104,000 and causing concern among investors. This sharp downturn has sparked intense discussions about whether BTC might fall under $100,000 before October concludes.
Data from the prediction platform Polymarket reveals that most investors anticipate Bitcoin dropping beneath $100,000 this month. The statistics indicate:
The likelihood of BTC descending below $100,000 is priced at 48.9%, while the chance it will remain above is rated at 52.9%. This data shows a nearly even split in market sentiment.
There are also noteworthy forecasts for further declines:
The probability of falling under $95,000 stands at 24.6%, and the chance of slipping below $90,000 is valued at 9.8%. Optimism for price increases remains low:
The odds of BTC surpassing $130,000 this month are merely 6%, with expectations for it to rise above $135,000 priced around just 2%. According to Polymarket figures:
45% of investors foresee Ethereum potentially dropping to approximately $3,400 in October: The probability it will dip under $3,000 sits at 15%, while the likelihood it could fall below $2,800 hovers around 9%. For upward movements:
The chance Ethereum might exceed $5,000 is priced only at a modest rate of 9%. *This information should not be considered as investment advice.