CandleFocus Bitcoin Falls to $89K, 63% Polymarket Odds on BTC at $95K
2024-11-18
Author: Content Editor
The price of Bitcoin (BTC) reached an all-time high of $93k last week, but has since dipped by 1.12% to $89k. This dip has caused the odds of BTC reaching $95k in November, according to Polymarket, to decrease to 63%. Despite the dip, market analysts are suggesting that it is a good time for long-term investors to "buy the dip" in both BTC and ETH, as they are nearing optimal levels for traders. However, if BTC fails to support the $89,275 level, it could lead to further declines with downside targets at $87,940 and $86,687. Polymarket also indicates that there is a 62% chance of BTC reaching $100k in 2024, an increase from the previous week's odds of 44%.
Related News
Tyler Winklevoss: D.O.G.E. Is Crucial for Fighting US Inflation Tyler Winklevoss: D.O.G.E. Is Crucial for Fighting US Inflation 4th Test of Major Resistance: FLOKI’s Breakout Pump Could Be Explosive! XRP loses momentum and dips 14% after record multi-year high – Is the top in? Spot Bitcoin ETFs now control over 5% of BTC’s total supply, says CryptoQuant analyst 4th Test of Major Resistance: FLOKI’s Breakout Pump Could Be Explosive! XRP Price Eyes $1.25 and Beyond: Can the Rally Continue? Fetch.ai Price Nears Key Buy Zone, Potential Upside To $2.00? Extended bull run anticipated; US ‘crypto’ adoption rises XRP in the Psychological Zone: Will Price Soar to $2 or Dip to $0.75? Shiba Inu Faces Price Correction After Golden Cross Amid Focus on Key Support Levels Here's How High XRP Price Could Rise After Crossing $1 Best Crypto for Massive Growth Potential in 2025-2026: Top Blockchain Innovations Bitcoin still has 'a long way to go' at $90K: Cathie Wood Huge Bitcoin Liquidations Pile Up at $91,500, Volatility Expected Around CME Gap Bitcoin Native Meme Coin DOG Jumps to 5 Month High Amid Dogecoin Hype, Exchange Listing Hope Ethereum Price Confronts Barriers to a New Surge—Can Bulls Prevail? Satoshi Action Fund Shares Strategic Bitcoin Reserve Model Bitcoin Bulls Aren’t Backing Down: Rally Continues? Cardano News: Hoskinson’s Vision and ADA’s Rally Hint at All-Time High Crypto Market Reaches $3.07 Trillion, $BTC Dominates and $ETH Liquidation Surge Amid Extreme Greed Bitcoin Falls to $89K, 63% Polymarket Odds on BTC at $95K Ripple News: XRP Price Hits $1 Milestone Amid Gary Gensler Resignation Speculation Senior Analyst Predicts $135,000 for Bitcoin Based on Realized Cap Coinbase CEO mentioned ‘DOGE’ could increase economic freedom Solana-based DApps rake in record fees as memecoin frenzy returns ‘Time Has Come’ – Top Trader Predicts More Rallies for Dogecoin, Updates Forecast for Bitcoin and PEPE MicroStrategy Surpasses IBM and Nike with $26 Billion Bitcoin Holdings This Week in Crypto Games: Dogecoin Brawler Launches, ‘Major’ Token Date, and ‘Off the Grid’ Cash Prizes Ripple CEO Faces Backlash Over Rumored Meeting with President-Elect Trump Republican Senator proposed to buy more Bitcoin by selling The Fed’s gold Base Network Reaches 1 billion Transactions But Faces NFT Copying Accusations XRP Skyrocketing: Will It Continue or End Here? Shiba Inu (SHIB) is Missing Out Massively, Bitcoin (BTC) Paints Problematic Divergence ETHGlobal hackathon's 10 finalists showcase AI agents, crypto games, DAO tools, and more Starknet will increase TPS 4X and reduce fees 5X within 3 months: CEO Musk’s DOGE Agency Sparks Economic Freedom Talk and Dogecoin Price Surge