Bitcoin Has 50/50 Chance of Touching $100,000 Before End of 2024

Nearly half of Bitcoin options traders are betting on a six-figure price for BTC by the end of 2024, with some anticipating a surge to $150,000, despite its recent dip to $90,000, according to onchain data. “Interestingly, the likelihood of BTC exceeding $100,000 has risen to 45% from last week’s 34%, with a new 4% probability of surpassing $150,000,” noted Nick Forster, founder of the onchain options DeFi protocol, in a Nov. 26 markets report. Strong demand for Bitcoin options Forster highlighted that the high demand for Bitcoin options, especially calls betting on price increases, “signals a strong market appetite

Source: CryptoIntelligence