In brief
- Prediction market Myriad shows a 57% chance Bitcoin hits $100K before $120K—a dramatic flip from 60% bullish just a day ago.
- Short-term technical indicators scream bearish while longer term signals hint at oversold bounce potential.
- Tomorrow’s $115K price target on Myriad looks very unlikely, with 95% of the money on the prediction market betting against it.
Where does Bitcoin go next? The crowd has spoken, and it’s changed its mind.
On Myriad, a prediction market built by Decrypt’s parent company Dastan, sentiment has suddenly shifted in the last few hours as the price of Bitcoin tumbles further. There’s now a 57% chance Bitcoin sooner drops to $100,000 than hits $120,000, according to Myriad. Just hours earlier, predictors had priced in a 57% chance Bitcoin would head in the other direction.
When prediction markets flip this dramatically, this quickly, it’s time to pay attention.
With BTC trading for just under $108,
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Author: Jose Antonio Lanz
