Most forecast market clients polymarket It is believed that there will be a lull in the Bitcoin market in November.
November is traditionally considered the most favorable month for BTC. From 2013 to 2024, November kriptovalyuta increased in price in 8 out of 12 cases, and the average increase in the asset’s value reached 42,51%. Therefore, 10x Research analyst Markus Thielen predicted Bitcoin price increase to at least $160,000 by the beginning of winter.
However, crypto enthusiasts are skeptical of such claims. This is evidenced by the fact that the probability of BTC reaching $130,000 in November is estimated at only 14%. And the chance of reaching $140,000 is a negligible 3%.
Members polymarket most often they bet on the fact that Bitcoin will cost between $105,000 and $125,000. The coin’s current price is $110,451, meaning that in the best-case scenario, BTC will rise by 13,17%, and in the worst-case scenario, it will fall by 4,94%. The reason for BTC’s low price volatility by cryptocurrency standards is most likely the institutional takeover of the market, which accounts 80% of trading volume on the Bitget exchange.
Bitcoin price likely to reach different levels in November
It is noteworthy that even the basic forecast compiled by the virtual assistant ChatGPT, suggests BTC’s price will only rise to $120,000 in November. If events unfold according to the optimistic scenario, then, according to the AI, kriptovalyuta will rise in price to a maximum of $132,400.