The probability of BTC dropping below $85,000 in November on Polymarket is as high as 92%

According to the Polymarket official website, for the event "What will be the price of Bitcoin in November?", the current market predicts a 92% probability that it will be below $85,000, a 43% probability that it will be below $80,000, and a 17% probability that it will fall below $75,000.

Previously, news indicated that Hanmuxia expects the Bitcoin bottom to likely be between $81,800 and $74,800; on-chain data analyst Murphy predicts that the deep bear price range for Bitcoin is between $60,000 and $70,000; Arthur Hayes stated that Bitcoin may first drop to $80,000 to $85,000, and then surge to the $200,000 to $250,000 range by the end of the year; economist Hong Hao mentioned that BTC will only have an "effective support level" when it drops to the $70,000 range.

As of the time of writing, BTC is currently priced at $85,238, down 7.2% in the last 24 hours.