Bitcoin Prediction Markets See 52% Probability of $80K This Month

The Bitcoin price has been on a steady climb, with its recent performance sending prediction markets into overdrive.

According to Polymarket data, the probability of Bitcoin reaching $80,000 this month has increased to 52%, marking a new all-time high for this prediction. This surge in expectation is driven by the cryptocurrency's ability to maintain higher-low formations and absorb selling pressure.

In addition to its price action, the market structure remains supportive of further upside. With each pullback being quickly absorbed by buyers, it suggests that momentum remains in their favor.