Bitcoin has lingered below the psychological $100,000 level for seven days, but a crypto researcher says there’s a nearly 50% chance it will surge to $125,000 by late June.
The chance of Bitcoin ( BTC ) hitting $125,000 by the middle of this year “has improved to 44.4%, up from 41.9%,” onchain options protocol Derive head of research Dr. Sean Dawson said in a Feb. 13 markets report.
Bitcoin odds for a major downside are much lower
Dawson added that the chance of BTC touching $75,000 before June had dropped to 12.1%, down from 17.8%. Meanwhile, BitMEX co-founder Arthur Hayes is more bearish on the downside.
Hayes predicted last month that Bitcoin could potentially pull back toward the $70,000 to $75,000 range , a move he said may trigger a “mini financial crisis.”
Bitcoin last traded around $75,000 on Nov. 8, just three days after US President Donald Trump won the election — a moment widely seen as the catalyst for a month-long rally that pushed Bitcoin to $100,000 for the first time on Dec. 5.
Bitcoin is trading at $96,790 at the time of publication. Source: CoinMarketCap