|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Cryptocurrency News Articles
Bitcoin (BTC) Almost Guaranteed to Stay Above $60K Until October End, $70K Seems Possible: Polymarket Traders
Sep 27, 2024 at 09:11 pm
According to Polymarket traders, Bitcoin BTC/USD is almost guaranteed to remain above $60,000 until the end of the month but even hitting $70,000 seems a possibility
Polymarket traders are almost certain that Bitcoin (CRYPTO: BTC) will remain above $60,000 by the end of the month, but hitting $70,000 seems less likely.
What Happened: Polymarket traders are giving a 97% chance of Bitcoin trading above $60,000 at noon on Oct. 1. Another market shows a 68% probability of Bitcoin hitting a new all-time high in 2024.
Analytics provider Santiment shows a poll, where around 44.8% of the 770 votes cast at the time of writing think Bitcoin could reach $70,000 by October, an almost equal split with the 44% believing the apex crypto will not have a late surge. Around 11% are indifferent.
This is markedly more bullish than sentiment on Polymarket, where traders see only a 13% chance of Bitcoin still hitting $70,000 by next Tuesday.
See More: Best Cryptocurrency Scanners
What Traders Think: Crypto influencer Scott Melker opines that Bitcoin may be on the brink of a parabolic bull run, with a potential shift in market structure. He highlighted that Bitcoin is attempting to confirm its first higher high since it peaked at $74,000 in March.
The crypto king’s close above $65,000 would indicate a new uptrend from the lows in the $50,000s in August, and the start of a bullish market structure.
Melker also sees current market conditions mirror the halving cycles of the past, where a parabolic uptrend typically begins. He said, “We are days before “Uptober.”
IntoTheBlock data shows large transaction volume increasing by 3.74% and daily active addresses up by 1.3%. Transactions greater than $100,000 are up from 8,415 to 9,065 in a single day. Exchanges netflows are down by 896.9%.
Disclaimer:info@kdj.com
The information provided is not trading advice. kdj.com does not assume any responsibility for any investments made based on the information provided in this article. Cryptocurrencies are highly volatile and it is highly recommended that you invest with caution after thorough research!
If you believe that the content used on this website infringes your copyright, please contact us immediately (info@kdj.com) and we will delete it promptly.
-
- Debate Over Celestia Transparency and Funding Rounds
- Sep 28, 2024 at 12:30 am
- Latest reports indicate that the Celestia community is disappointed with the Celestia Foundation's latest over-the-counter (OTC) token sales.
-
- Hamster Kombat (HMSTR) Token Finally Launched on Major Crypto Exchanges
- Sep 28, 2024 at 12:30 am
-
- Base Breaks $2 Billion TVL Mark: Coinbase L2 Solution Becomes DeFi Powerhouse
- Sep 28, 2024 at 12:25 am
- Base has breached the $2 billion threshold in total value locked (TVL) for the first time since its launch, as the Coinbase low-cost Layer-2 (L2)
-
- Floki Inu (FLOKI) Is Once Again Gaining Traction in the Cryptocurrency Market
- Sep 28, 2024 at 12:25 am
- According to World of Charts, a popular analyst, the breakout for FLOKI has been validated from the Triangle pattern.
-
- Coinbase Lists Hamster Kombat (HMSTR) Token for Perpetual Futures Trading
- Sep 28, 2024 at 12:25 am
- Coinbase has officially added support for Hamster Kombat, a tap-to-earn game on Telegram, by listing its token, HMSTR, for perpetual futures trading.
-
- The Cryptocurrency Markets Have Been Witnessing a Sharp Rise in SUI Action
- Sep 28, 2024 at 12:25 am
- The cryptocurrency markets have been witnessing a sharp rise in SUI action, up an astonishing almost 300% in the last month.
-
- SEC Chair Gary Gensler Highlights Need for Crypto Regulation
- Sep 28, 2024 at 12:25 am
- The SEC Chair made the remarks at a time when crypto markets have been volatile. In 2022, many firms failed, and one of them was the FTX
-
- Web3 Metaverse Platforms Could Solve the Loneliness Epidemic, Says Decentraland's Bay Backner
- Sep 28, 2024 at 12:25 am
- Decentralized metaverse platforms like Decentraland and the Sandbox could create more genuine online connections, according to Bay Backner, Head producer at Decentraland and assistant university professor.
-
- MAGA Price Prediction: TRUMP/USD Could Soar 50% to Hit $4.5 After Breaking Key Resistance Levels
- Sep 28, 2024 at 12:25 am
- The MAGA price rose 32% in the last 24 hours to trade at $3.01 as of 03:20 a.m. EST on trading volume that surged 60% to $9.5 million.