Has Bitcoin (BTC) reached its peak this year? Here are the external factors & market sentiment

Jakarta, Pintu News – Despite high crypto market volatility this year, betting markets suggest that Bitcoin BTC->Current BTC PriceRp 0Market Cap-Trading Volume-Circulating Supply- may have peaked in 2025. According to data from Polymarket, the chances of Bitcoin (BTC) reaching a price above its previous record high of around $109,000 are slim, with speculation also setting itself up for an even deeper drop.

Betting Market Predictions

The betting market, via the Polymarket platform, suggests that there is a 61% chance that Bitcoin (BTC) will reach $110,000 by 2025, which is only slightly above the previous record high. However, market confidence begins to decline when discussing the likelihood of Bitcoin (BTC) reaching $150,000 or $200,000, with only 29% and 14% chances respectively.

On the other hand, the majority of speculators at Polymarket predict that the price of Bitcoin (BTC) will drop to around $70,000. More pessimistically, bettors on the Kalshi exchange predict that the lowest price of Bitcoin (BTC) could reach $64,000, which is the lowest level since October last year.

Also Read: Will Bitcoin (BTC) Break $90,000? Check out the Analysis!

Optimism of the Bullish

Although the betting market is showing negative tendencies, analysts and strategists are still showing optimism. Analysts from Bernstein, in a note published on March 3, stated that a new era has arrived and they still see Bitcoin (BTC) potentially reaching $200,000. Industry sentiment, according to them, has never been better despite the tight regulations under President Donald Trump starting to loosen.

Geoff Kendrick from Standard Chartered is also increasingly confident that Bitcoin (BTC) will reach $200,000 by the end of the year, mainly due to macro issues driving interest rate cuts, which will benefit Bitcoin (BTC). Strategists from 21Shares are also predicting a similar outcome, with the expectation that lower interest rates will increase crypto liquidity and push the price of Bitcoin (BTC) to $150,000.

External Factors and Market Sentiment

Since hitting a record high in January, enthusiasm for Bitcoin (BTC) has declined amid economic concerns affecting risky assets. Talks of recession and stubborn inflation have triggered a correction in digital assets. Bitcoin (BTC) fell below $80,000 last week, while CoinMarketCap’s Crypto Fear and Greed index dropped into the “extreme fear” zone.

Other factors such as major crypto hacks and turmoil in memecoins have also helped dampen market sentiment. However, according to Mike Cahill, CEO of Douro Labs, to shake long-term confidence, it takes more than just short-term price action; it takes real structural obstacles such as stagnation of ETF flows, sudden regulatory changes, or a breakdown in on-chain fundamentals, which so far hasn’t happened.

Conclusion

Despite the negative tendencies of the betting markets and the external challenges faced, there is still room for optimism among investors and analysts who see long-term growth potential for Bitcoin (BTC). Going forward, upcoming inflation data and Fed policy will be key to determining the direction of crypto market momentum.

Also Read: Ethereum (ETH) Prepares for the Next Big Move, Will it Rise April 2025?

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*Disclaimer

This content aims to enrich readers’ information. Pintu collects this information from various relevant sources and is not influenced by outside parties. Note that an asset’s past performance does not determine its projected future performance. Trading crypto carries high risk and volatility, always do your own research and use cold hard cash before investing. All activities of buying andselling Bitcoin and other crypto asset investments are the responsibility of the reader.

Reference

• Business Insider. Betting markets are offering odds on everything from Bitcoin hitting $100,000 to a Trump selloff. Here’s what traders are betting on... Accessed on March 28, 2025
• Featured Image: Generated by AI