Polymarket Investors Believe Bitcoin Will Reach These Levels in 9 Days! Here Are the Details

After reaching its All-time high, expectations for Bitcoin have risen even further.

Polymarket Investors: Bitcoin Could See 115,000 Dollars in 9 Days

Predicted crypto market investors on Polymarket evaluate the likelihood of the leading cryptocurrency reaching $115,000 within the next nine days at 64%. This rate indicates a remarkable rise from last week's 14% level.

Bitcoin surged past its previous peak of $108,000 on Wednesday, exceeding the $110,000 level, rekindling investor interest. After experiencing a recovery of about 50% over the past two months, BTC has shown strong upward momentum since its low of $74,500 at the beginning of April.

"The fact that Bitcoin has reached these levels is the result of a strategic accumulation against the expectation of stress in the market," says crypto analyst Noelle Acheson.

ETF Demand and Institutional Flows Take Center Stage

eToro Australia analyst Reece Hobson attributes this week's rise to an increase in global liquidity and intense capital inflow towards spot Bitcoin ETFs. In May alone, nearly 3 billion dollars in institutional inflows pushed the price of Bitcoin higher.

Bitcoin's perception as both a risky investment vehicle similar to technology stocks and a safe haven like gold creates a unique "dual narrative" for investors. This approach is said to provide a "ground" for levels to which the price could fall.

In the last two months, major Bitcoin investors played a key role in the price increase by providing an influx of approximately 122 billion dollars worth of BTC into the market. This accumulation trend is interpreted as a preparation against rising economic uncertainties.

Acheson summarizes the market dynamics in this way, stating that "what is happening right now could be a wave of accumulation by both short-term risk-seeking investors and long-term safe-haven seekers."

Year-End Predictions Reach Up to 150,000 Dollars

Ari10 CEO Mateusz Kara stated that Bitcoin could reach 150,000 dollars this year, emphasizing that factors such as the Federal Reserve's interest rate cuts and a reduction in political uncertainties would play a significant role in this scenario.

Standard Chartered analyst Geoff Kendrick predicts that Bitcoin could reach 120,000 dollars by the end of the quarter. According to Hobson, if the market capitalization remains strong, BTC could climb as high as 155,000 dollars.

However, There Are Warnings Too

CEX.IO analyst Illia Otychenko pointed out a 36% decrease in volume in derivative markets and a 29% decrease in spot markets over the past month, emphasizing that caution should be exercised regarding the sustainability of this rise.

"The market is caught between upward momentum on one hand and structural weaknesses on the other," said Otychenko, noting that the coming weeks could be shaped by sudden and sharp movements.