Bitcoin Price Prediction Market Opens on Polymarket

A market has been opened on Polymarket that allows users to bet on whether Bitcoin (BTC) will close above a certain price on March 22, 2023 at 11 PM ET.

The market is based on the 'Close' prices for the BTC/USDT trading pair on Binance, one of the largest cryptocurrency exchanges. This means that the resolution source for this market will be the closing price of the last 1-hour candle on Binance's website at the specified time and date.

The market is designed to provide a prediction or reveal of what the closing price might be, allowing users to place bets on whether it will be higher or lower than the specified price. It is worth noting that the resolution source is specific to Binance and not other exchanges or trading pairs.