CandleFocus The Popular $100K Year-End Goal for Bitcoin Has Less Than 10% Probability in Options Market
2024-10-25
Author: Content Editor
According to Deribit options pricing, there is a 9.58% chance that BTC prices will rise above $100,000 by the end of December. This may seem low to bullish investors considering the positive market conditions. The options market also suggests a 22% price swing in either direction by the end of December, with the possibility of BTC reaching around $82,000. However, probabilities can change quickly with market conditions, and the upcoming U.S. presidential election could introduce volatility into the market. The election result, which will be declared on November 8, could have regulatory implications for the cryptocurrency industry.
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