bullish

Bitcoin

<p>The Bitcoin market has seen an <a href="https://coinpedia.org/price-analysis/bitcoin-crosses-93k-but-faces-correction-whats-next/" target="_blank" rel="noreferrer noopener">impressive 20.6% growth</a> over the past week, and it’s now hovering near $90K. With nearly 46% of Polymarket bettors predicting that Bitcoin will hit $100K this month, the big question is: Is this target achievable?</p>   
<p>Let’s take a closer look at what’s driving this surge.</p>   
<h2 class="wp-block-heading" id="h-what-s-boosting-the-bitcoin-price">What's Boosting the Bitcoin Price? </h2>   
<p>Since the <a href="https://coinpedia.org/news/2024-us-elections-result-donald-trump-officially-elected-president/" target="_blank" rel="noreferrer noopener">US presidential election</a>, the entire crypto market has been on a steady rise. In just the last 24 hours, the market has grown by 2.9%, with top cryptocurrencies benefiting from the overall positive sentiment. Bitcoin, in particular, has jumped 32.35% since November 5.</p>   
<p><strong>Is It Overbought or Just Starting?</strong></p>   
<p>Currently, Bitcoin’s <a href="https://coinpedia.org/traders/what-is-relative-strength-index-rsi/" target="_blank" rel="noreferrer noopener">Relative Strength Index</a> (RSI) stands at 81.40, which signals that the market is in the overbought zone. Despite this, Bitcoin’s price of $89,600 is well above key <a href="https://coinpedia.org/traders/what-is-moving-average-indicator/" target="_blank" rel="noreferrer noopener">moving averages</a>—the 50-day SMA of $68,922, the 100-day SMA of $64,324, and the 200-day SMA of $64,305—suggesting strong market momentum.</p>   
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<p>At the start of the month, Bitcoin’s price was around $70,128. It briefly dropped to a low of $67,951 on November 4. However, since November 5, the market has experienced steady growth, breaking through the crucial $90K level just yesterday. The market entered the overbought zone on November 6, and has remained there ever since.</p>   
<p><strong>Polymarket’s Prediction: Can Bitcoin Reach $100K?</strong></p>   
<p>As of November 13 at 10 PM, 63% of <a href="https://polymarket.com/event/will-bitcoin-hit-100k-in-november/will-bitcoin-hit-100k-in-november?tid=1731568361924" target="_blank" rel="noreferrer noopener nofollow">Polymarket bettors</a> were confident that Bitcoin would hit $100K by the end of November. This forecast was bolstered by Bitcoin setting a new all-time high on that very day.</p>   
<p>Polymarket is even more bullish, forecasting a 38% chance that Bitcoin could exceed $100K and reach $105K in the near future. This reflects growing confidence in the ongoing bullish rally.</p>   [post_titles_links postid="379794"]   
<h2 class="wp-block-heading" id="h-a-glance-at-105k-what-are-the-odds">A Glance at $105K: What Are the Odds?</h2>   
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   https://twitter.com/milesdeutscher/status/1856819380421890443 
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<p>With strong predictions from Polymarket and <a href="https://coinpedia.org/price-prediction/bitcoin-price-prediction/" target="_blank" rel="noreferrer noopener">Bitcoin’s impressive growth</a>, the coming weeks could be exciting for crypto enthusiasts.</p>   
<p><strong>Will Bitcoin hit $100K—or even surpass it? Only time will tell.</strong></p>

Will Bitcoin Price Hit 100K in Next 17 Days Heres What Polymarket Data Says

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