Traders predict Bitcoin could surpass $100,000 this November

Polymarket traders are predicting a 79% chance that Bitcoin will exceed $100,000 this November, following its recent all-time high of $98,310. This optimism is driven by increased market interest and institutional investments. Beyond $100,000, there is a 46% probability for Bitcoin to reach $105,000, while a rise to $110,000 is seen at 25%. However, expectations for higher targets like $120,000 and $150,000 are much lower, at 9% and 1%, respectively. Institutional activity, such as MicroStrategy's plan to raise $2.6 billion for Bitcoin purchases, and significant inflows into U.S. Bitcoin spot ETFs are supporting this bullish sentiment. Other cryptocurrencies like Ethereum and Solana are also attracting attention, with varying probabilities for their price movements.