Judging by the results of a poll conducted by an analyst under the pseudonym PlanB, most traders believe that the bitcoin exchange rate will drop below $ 100,000.
The expert asked users of the social network whether the price of BTC has reached the peak of the current cycle at around $126,000, and whether the coin will cost less than $100,000 again. Over 30,000 people answered each of the questions, and it turned out that 32% of respondents consider the maximum bitcoin exchange rate to have already been passed, and 62.9% predict a drop in the price of the asset below $ 100,000.
The results of the opinion poll organized by PlanB
The analyst does not agree with people predicting the onset of a prolonged bearish trend in the BTC market. In his opinion, the price of cryptocurrencies has decreased by 9% over the past month and has begun to fluctuate in the range below $107,000 due to the rebalancing of investment portfolios. Therefore, the downward trend should quickly come to naught, and the value of the asset will go up again without breaking $ 100,000.
However, many gambling members of the cryptocurrency community are less optimistic. Due to the large number of bets placed on the bitcoin exchange rate falling to $90,000 this year, the probability of an outcome is 41% in the Polymarket forecast market. And the chance of reducing the value of the coin to $80,000 reaches 21%.