Bitcoin’s Probability of Reaching $125K by June Increases as Traders Bet on Upside Potential: Derive
Bitcoin Price Forecast: Can Bitcoin Reach $125,000 by Mid-Year?
Bitcoin has been hovering below the critical $100,000 mark for the past seven days. However, according to crypto researcher Dr. Sean Dawson, the chances of Bitcoin surging to $125,000 by late June have increased to 44.4%, up from 41.9%. Dr. Dawson, head of research at on-chain options protocol Derive, shared these insights in a Feb. 13 markets report.
Bitcoin’s Chances of a Downturn Are Diminishing
On the flip side, the odds of Bitcoin dropping to $75,000 before June have significantly decreased to 12.1%, compared to 17.8% previously. Arthur Hayes, co-founder of BitMEX, remains more bearish, predicting that Bitcoin could experience a pullback toward the $70,000 to $75,000 range. Hayes believes this could spark a “mini financial crisis.”
As of the time of publication, Bitcoin is trading at $96,790, according to CoinMarketCap. Bitcoin has remained below the $100,000 threshold since Feb. 7. The cryptocurrency reached an all-time high of $109,000 on Jan. 20, before Trump’s inauguration.
Market Sentiment: “Neutral” with Continued Volatility
Crypto trader Jelle suggests that the market will continue to experience “choppy conditions” until Bitcoin breaks through the $100,000 resistance level. According to the Crypto Fear & Greed Index, the sentiment as of Feb. 14 was Neutral, with a score of 48 out of a total of 100.
In December, asset manager VanEck forecasted that the bull market would reach a “medium-term peak” in the first quarter of 2025, before pushing toward new all-time highs by the end of the year. VanEck projected that at the cycle’s apex, Bitcoin could hit $180,000, while ETH might surpass $6,000.
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