The cryptocurrency market displays various forecasts for possible price levels of leading digital assets in July 2023. There are both optimistic expectations and cautious sentiments among traders.
Predictions for Bitcoin
According to market data from the platform, traders rate the probability of Bitcoin hitting $115,000 by the end of the month at 50%. This scenario has drawn over $330,000 in volume. More ambitious forecasts, like $120,000 and beyond, have much slimmer odds, with the $120K forecast rated at 26% and $130K at just 7%. A $200K target barely registers, with less than 1% likelihood.
Analysis of the Situation with Ethereum
Ethereum is expected to remain more subdued, with most bets backing a move to $2,700, which has attracted the highest confidence at 60%. The chances of ETH hitting $2,900 stand at 34%, while a push to $4,000 is viewed as highly unlikely, sitting at just 1%.
Outlook for Solana
Solana bulls are similarly grounded, with $160 considered the most realistic upside at 63%. Higher targets like $180 or $250 drop off quickly in probability, with just 3% believing the latter could be reached. Still, a fallback to $140 or $130 has been assigned higher likelihoods, hinting at some caution among traders.
Price forecasts for Bitcoin, Ethereum, and Solana reflect both optimism and caution as their future valuations are discussed amid macroeconomic uncertainty and capital rotation in the market.
