Polymarket analysts predict BTC growth to $ 100 thousand

Bitcoin BTC $93,905.44 Bitcoin -0.89% Market capitalization $1.86 trillion VOL. 24 hours $2.9 billion has reached an all-time high of $ 97,858, increasing its market capitalization to $ 1.91 trillion — up 4.74% in just a few hours.

Over the past day, trading volumes also increased by 17.88%, reaching $ 88.38 billion. The Polymarket forecasting platform estimates the probability of bitcoin reaching $ 100,000 by the end of November at 72%.

Photo: polymarket

• Probability of $ 95,000: has already exceeded 100%, emphasizing the high confidence of the market.
• Target $ 98,582: expected by the end of the week, which is in line with optimistic forecasts.
• $ 100,000 by the end of the month: Polymarket estimates this probability at 72%.
• Additional forecasts: 34% chance of reaching $ 105,000 in November.

It is reported that the market capitalization of BTC, which currently stands at $ 1.91 trillion, is approaching Amazon’s capitalization of $ 2.15 trillion. If the trend continues, bitcoin could become the sixth most valuable asset in the world.

The forecasts for bitcoin to reach $ 100,000 are based on the following factors:

• A new all-time high: the rise to $ 97,858 creates a positive momentum for the market.
• Growth of institutional interest: giants such as BlackRock and Fidelity are actively supporting bitcoin through ETFs and other instruments.
• Scarcity and growing demand: limited supply makes BTC a popular asset for preserving capital in times of inflation and economic instability.

Forecasts for further growth from the Kalshi platform:

• 51% of users believe that bitcoin will reach $ 98,000 by the end of the year.
• 57% are confident that it will exceed $ 100,000 by the end of November.
• Half of the traders expect BTC to reach $ 122,000 by the end of 2024.

Thus, bitcoin’s rise to new heights is supported by strong technical and fundamental factors. Successful market dynamics, support from large investors, and optimistic forecasts create the conditions for bitcoin to reach the historical mark of $ 100,000.