The likelihood of Bitcoin surpassing $100,000 has risen to 45%, despite its recent pullback, according to recent onchain data.
Nearly half of Bitcoin options traders are betting on a six-figure price by the end of 2024, with a few even eyeing a surge to $150,000 despite the recent pullback to $90,000, onchain data shows.
“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,” onchain options DeFi protocol founder Nick Forster stated in a Nov. 26 markets report.
Forster further explained that the significant demand for Bitcoin (BTC) options, particularly calls that bet its price will rise, “signals a strong market appetite for both upside potential and downside protection.”
