In brief
- Prediction market users on Myriad place the odds at 65% that Bitcoin will defend $100K throughout July.
- Those odds reveal strong bullish sentiment, despite technical indicators suggestion caution.
- Bitcoin trading and price data suggests it could be a closer call than the odds currently indicate.
Will Bitcoin stay above $100,000 throughout the month of July? Bitcoin holders are placing their bets on the world’s largest cryptocurrency maintaining its six-figure status, with prediction markets revealing a surge of optimism despite concerning technical signals.
Currently trading just below $108,000, Bitcoin sits roughly 8% above the psychologically crucial $100,000 level—but will this cushion be enough?
On Myriad, a prediction market developed by Decrypt‘s parent company Dastan, the market “BTC above $100K throughout July?” has attracted $12.4K in trading volume with remarkably bullish positioning. Traders have pushed the odds of Bitcoin successfully defending $100K from an even 50-50 split on July 4 to a confident 64.5% just three days later.
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Author: Jose Antonio Lanz
