According to recent data from Polymarket, Bitcoin (BTC) may reach one of its highest price levels this year, with forecasts up to $130,000.
Expectations for Bitcoin's Price
Polymarket indicates a 63% chance that Bitcoin will trade above $130,000 before the year's end. Price forecasts suggest a range of $110,000–$130,000, while some traders anticipate values of $200,000 or even $250,000, with about 3% betting that Bitcoin could hit $1 million.
Market Liquidation Analysis
In the past 12 hours, the cryptocurrency market experienced over $250 million in liquidations. According to Coinglass, approximately $37.83 million worth of positions were forcibly closed, with Ethereum traders suffering the largest losses.
Skepticism and Analyst Opinions
Despite optimistic forecasts, critics like Peter Schiff believe significant price surges are unlikely soon. Opinions vary, with some fearing regulatory changes and volatility might hinder growth, while others remain hopeful for positive factors like reduced supply and greater adoption.
Bitcoin price predictions continue to captivate interest in the crypto market. While optimistic expectations abound, substantial risks loom that could impact its future trajectory.
