- Aiming for brand new ATH
- Polymarket odds
Customary Chartered analyst Geoff Kendrick has predicted that the worth of Bitcoin goes to succeed in $200,000 by the top of the yr.
He additionally sees the bellwether coin topping the $135,000 mark within the close to futures.
Aiming for brand new ATH
The prediction comes as Bitcoin continues its relentless “Uptober” surge that has been primarily pushed by the continued U.S. authorities shutdown.
At press time, it’s buying and selling inside hanging distance of a brand new document excessive at $123,646.
The cryptocurrency’s present document excessive of $124,517 was logged on Aug. 14 on Bitsamp.
You Would possibly Additionally Like
Customary Chartered believes {that a} extended shutdown can be bullish for Bitcoin.
Kendrick has famous that Bitcoin has a optimistic correlation with U.S. Treasury time period premiums, which characterize the additional yield that comes with holding longer-term bonds. They’re presently on the rise on account of vital uncertainty attributable to the U.S. authorities shutdown.
Polymarket odds
In response to Polymarket bettors, Bitcoin presently has a 7% probability of surpassing $200,000. On the identical time, the chances of Bitcoin surpassing $135,000 as early as this October presently stand at 32%.
In the meantime, there may be additionally a 5% probability of Bitcoin dropping again beneath $100,000 this October.