- Will Bitcoin hit $120,000 today?
- $120,000 is almost certainly this month
Earlier this Sunday, Bitcoin, the leading cryptocurrency by market cap, came awfully close to reaching the $120,000 level for the first time.
The leading cryptocurrency peaked at $119,444 on the Bitstamp exchange, which remains its current all-time high.
Bitwise President Teddy Fusaro has noted that Bitcoin managed to reach a lifetime peak when the global capital and financial markets are closed. “Welcome to the digital era,” Fusaro said on X.
After giving up some of its gains, the cryptocurrency is currently changing hands at $118,789.
A gain of just 1% would finally allow the bulls to surge above the much-coveted $120,000 mark.
Will Bitcoin hit $120,000 today?
According to Polymarket bettors, Bitcoin has a 99% chance of remaining in the green on July 13.
There are also rapidly growing odds of the leading cryptocurrency hitting $120,000 before July 14. At press time, the website’s bettors see a 36% chance of such a scenario unfolding. Just hours ago, for comparison, there was a 13% probability of Bitcoin reaching that price level.
There is also a minuscule 2% chance of Bitcoin reaching $125,000 today, according to Polymarket.
$120,000 is almost certainly this month
A whopping 88% of bettors are convinced that the leading cryptocurrency will eventually be able to hit $120,000 this July. There is also a 25% chance of Bitcoin surging as high as $130,000 during the month.
Some uber-bulls (2%) appear to be convinced that the flagship coin could massively outperform expectations by surging all the way to $150,000 as early as this month.