Bitcoin’s Uncertain Future: A 62% Drop Below $100,000 in Sight?

Bitcoin (BTC) has experienced a decline since its peak of over $124,000 in mid-August, currently fluctuating between the $110,000 and $100,000 range. While some analysts predict Bitcoin could reach $200,000 by 2026, a significant portion of investors anticipate further price drops. The Polymarket prediction market suggests a 62% chance of BTC falling below $100,000 by year’s end. Notably, the vast majority of those betting on Polymarket predict this price drop to occur before December.