Bitcoin Price Prediction: Polymarket Odds Favor a Push Toward $130K for BTC

Bitcoin (BTC) has been a bit volatile in the past 24 hours as the performance of the crypto has swung from green to red multiple times throughout the session.

There has been some strong selling pressure today as the price hit the $105,000 level as BTC now stands just 3.8% away from its January 20 all-time high of $109,114.

Trading volumes in the past 24 hours have jumped by 60% according to data from CoinMarketCap as a tug-of-war seems to be raging at these critical levels.

Polymarket bettors appear to favor a bullish outlook despite this choppy price action as they are giving 75% odds to Bitcoin rising to $120,000 this year and a 67% chance that the top crypto will see its price increase to $130K before 2025 ends.

By the end of April, the odds that BTC was going to rise to these heights stood at just 25%, which goes to show how rapidly market conditions and sentiment can change.

Sentiment improved dramatically as reflected by the behavior of the Fear and Greed Index, which swung from a record low of 15 (Extreme Fear) to 71 (Greed) as of today in just a month.

Bitcoin Price Prediction: BTC Hits Key Resistance at $105,000 – Can It Break It?

Looking at BTC’s daily chart, the price has entered a key area of resistance that has triggered strong sell-offs the last two times.

Some investors may think that this is bullish as the volume of sell orders at these levels may have diminished as the price made its way to these levels three times already, meaning that the market could be ready to explore a higher high.

Moreover, this is an area of significant liquidity as a large volume of short-sales may have been placed and bulls could take aim at the stop-loss orders that probably stand right above this threshold to push BTC to higher highs.

That said, BTC’s Relative Strength Index (RSI) in the daily chart has been in overbought territory for days and, when the market is at these extreme levels, the odds of a sharp pullback increase significantly.

As for a long-term Bitcoin price prediction, the daily chart shows how strong momentum has been for BTC in the past 6 months and favors a push toward the $150,000 at least by the end of the year.

If that happens, BTC Bull Token (BTCBULL), one of the hottest crypto presales of the year, will deliver its first reward to investors in the form of a token burn.

BTC Bull Token (BTCBULL) Offers Airdrops and Other Rewards to Token Holders

BTC Bull Token (BTCBULL) gives investors the chance to generate passive income as the top crypto makes new all-time highs.

A simple reward system tied to price milestones is what makes this token so attractive. Since its presale was launched in February, BTCBULL has raised nearly $6 million.

The first milestone is set at $125,000, at which point a portion of BTCBULL’s circulating supply will be burned. Next up, once Bitcoin reaches $150K, token holders will receive a direct airdrop.

These rewards will be automatically distributed via smart contracts, whose coding has been audited by two top blockchain security firms – Coinsult and SolidProof.

To buy $BTCBULL, head to the BTC Bull Token website and connect your wallet (e.g. Best Wallet). You can either swap USDT or ETH for this token or use a bank card to make your investment.