Despite some traders’ forecasts for Bitcoin's future in 2025, the likelihood of it reaching the $1 million mark remains low.
Current Bitcoin Expectations
The majority of market participants believe that Bitcoin will surpass $75,000 by the end of the current quarter, with a 34% probability. The probability of reaching $70,000 stands at 16%. The chances of Bitcoin climbing to $95,000 are 22%, while the odds of hitting $100,000 are 10%.
Probabilities of Reaching Targets
The likelihood of Bitcoin reaching $110,000 sits at a mere 2%, and for $120,000, it is just 1%. Dreamers eyeing $150,000 or even $200,000 are looking at probabilities below 1%.
Financial Activity and Current Trends
Currently, $4.5 million has been wagered on various outcomes, proving there is still hope among some traders for a significant breakout. However, Bitcoin is currently trading at $83,102, down 1.41% from yesterday. Its market cap is holding steady at $1.64 trillion, but trading volume has decreased by 32.11%, indicating a quieter market.
Despite the optimistic hopes of some traders, most market participants are expecting a gradual rise for Bitcoin, rather than a sharp price spike.
