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02/11/25 16:11 UTC-04

Bitcoin Market Expected to Stay Calm in November, Says Polymarket

Most users of the prediction market Polymarket believe that Bitcoin will experience a quiet November, with limited price movement.

Historically, November has been Bitcoin’s strongest month — between 2013 and 2024, BTC gained in 8 out of 12 years, with an average increase of 42.5%. Yet, expectations this year are far more modest.

Markus Thielen, an analyst at 10x Research, forecasted Bitcoin to reach $160,000 by early winter, but Polymarket participants remain skeptical.

🔹 Probability of BTC price levels in November:

  • Above $130,000 — only 14%
  • Above $140,000 — just 3%

Most traders bet that Bitcoin will stay within the $105,000–$125,000 range. With the current price around $110,451, potential upside is about 13%, and downside — around 5%.

📉 Analysts attribute this low volatility to the growing dominance of institutional investors, who now account for over 80% of trading volume on Bitget.

Interestingly, even ChatGPT’s baseline forecast expects BTC to rise only to $120,000 in November, with an optimistic target of $132,400.

See also: "Bitwise CIO Explains Why He’s Betting on Solana"

#Forecast #Bitcoin (BTC) #Polymarket

Editor: Yulia Krasnaya
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ChatGPT, Grok and Claude Predict Where Bitcoin, Ethereum, XRP and Solana Could Be by December 31

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