Polymarket users are forecasting a 56% probability that Bitcoin will reach $120,000 by the end of September, according to Coinomedia. This optimistic outlook is supported by Bitcoin's current momentum and its proximity to key resistance levels. Institutional interest and increasing retail demand are also contributing to the bullish sentiment. Analysts note that surpassing the $75,000 mark could propel Bitcoin towards $100,000 and potentially $120,000. Key factors influencing this prediction include heightened institutional demand, global economic uncertainty, and potential regulatory approval of Bitcoin ETFs. Despite the positive sentiment, the inherent volatility of crypto markets suggests a 44% chance that Bitcoin may not achieve this target, highlighting the importance of risk management for traders.