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Just noticed: Bitcoin has broken back above the 70,000 mark and is currently trading at $78,550. Quite interesting what’s happening on Polymarket right now – the probability of a rise to $75,000 is rated at 64%. That’s a fairly strong signal, I’d say.
What surprises me even more: there are also other scenarios that the community is pricing in. The probability of a jump to $80,000 is around 30%, while only 37% of traders expect a decline to $60,000. The likelihood of higher prices seems to be greater than that of a pullback.
I’m watching this closely and find it interesting how the markets are assessing it. It could be that we’re seeing a stable upward trend here.