Bitcoin traders are predicting a 16% probability of the cryptocurrency falling below $80,000 in December, according to AiCoin data. The risk of Bitcoin dropping under $75,000 stands at 5%. On December 24, Polymarket traders anticipated Bitcoin to hover around $90,000, with a 5% chance of reaching $100,000 by the end of the year. This marks a significant decline in confidence from over 70% in November.
Analysts identify $80,000 as a potential support level, while $94,000 is seen as a key resistance point. Institutional buying and macroeconomic factors continue to play a crucial role in Bitcoin's price trajectory. Meanwhile, traders are also monitoring altcoins as market sentiment shifts.
Bitcoin Faces 16% Chance of Dropping Below $80,000 in December
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