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Polymarket predicts 61% chance of Bitcoin reaching a new all-time high in 2024, 17% over $100K

With bitcoin trading above $65K, crypto-enthusiasts are expecting significant price movements in October. Many still believe BTC will surpass its all-time high before the end of the year. At Polymarket, a blockchain-based prediction platform, current odds show a 61% chance that bitcoin will surpass the record set seven months ago.

Polymarket bettors: Bitcoin's historic high is likely, $100K less likely
As October approaches, the crypto community is looking forward to what many hope will be a profitable month for bitcoin. Jokingly dubbed “Uptober,” this month has historically produced high returns, with gains of 81.82% of the time since 2013. Enthusiasts are optimistic that this trend will continue, keeping the tradition alive. As of September 29, 2024, bitcoin is worth $65,707 per BTC, just 11% below its all-time high of $73,737 set on March 14, 2024.

Interesting to see Polymarket's prediction of a 61% chance of Bitcoin reaching a new all-time high in 2024, with 17% probability of surpassing $100K. Would love to see this trend continue, especially with "Uptober" approaching!