Prediction markets bet Bitcoin won’t reach $100K before year’s end

Prediction markets on platforms like Polymarket and Kalshi indicate that Bitcoin is unlikely to surpass the $100,000 mark before January 1, 2026, with odds hovering around 29% to 34%. This bearish sentiment follows a US Fed rate cut decision and is compounded by a significant slowdown in Bitcoin treasury buying by corporations, suggesting institutional accumulation may be temporarily exhausted. Technically, Bitcoin faces resistance near $94,000, and while a breakout from its ascending triangle pattern could target $108,000, analysts suggest upside might be capped around $98,000 where significant liquidity resides. Despite reduced corporate demand, traders still anticipate routine small purchases by entities like Strategy.

(Source：Cointelegraph)