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Will Bitcoin Reach $100K Mark? Only 9.5% of Bidders in Favor

  • Bitcoin's probability of reaching $100k by the end of the year is low, with only 9.5% of bidders in favor.
  • The options market shows greater confidence in Bitcoin reaching $82k rather than $100k.
  • Factors such as the upcoming Federal Reserve meeting, the US presidential election, and stable BTC volatility contribute to the subdued outlook.
  • At present, Bitcoin is priced at $67,824, indicating a slow and steady upward trend that makes it highly unlikely to reach $100k by the end of 2024.

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