Cryptocurrency bettors are tempering expectations about Bitcoin (CRYPTO: BTC) reaching new highs this year.
Polymarket Traders Bet Heavily
Similarly, chances of BTC hitting all-time highs by Sept. 30 stood at 9%, down from 32% at the start of 2026.
Over $7 million has been wagered on the outcome. The market resolves to “Yes” if any BTC/USDT 1-minute candle on Binance on the specified date has a final “High” price greater than $126.198.
Diverging Projections On BTC Highs
Predictions surrounding Bitcoin’s price movements have surged even as the asset grapples with a prolonged bear market
Conversely, Galaxy Digital CEO Mike Novogratz said conditions are not right for Bitcoin to mount a recovery above $100,000.
Several bullish Bitcoin price targets have been revised downward lately. For example, Citigroup lowered its 12-month forecast to $112,000, while Standard Chartered reduced its year-end projection from $150,000 to $100,000.
Price Action: At the time of writing, BTC was exchanging hands at $80,772.44, down 0.06% over the last 24 hours, according to data from Benzinga Pro.
Photo courtesy: Shutterstock
Market News and Data brought to you by Benzinga APIs
© 2026 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
To add Benzinga News as your preferred source on Google, click here.