The price of Bitcoin was quite active in the past week. Bitcoin price, which has fallen below 7 thousand dollars for a while, is at the level of 7 thousand 500 dollars.
It is difficult to predict exactly which direction Bitcoin will move in the future. Although it is not possible to give a definite answer to the question of whether the BTC price will rise, Skew can answer this question through possibilities.
Probability of Promotion
According to data shared by Skew, Bitcoin is likely to exceed $ 10,000 in the next few months. According to current developments, the probability of exceeding the BTC’s $ 10,000 threshold in March 2020 is 19 percent, and in June 2020 it is 23 percent.
These rates were previously lower. The estimated rate for March 2020 was 11 percent and for June 2020 it was projected for 19 percent. However, last week’s developments such as Bakkt’s breaking a new record and the futures market reactivated increased these rates.
It is unclear whether the price of Bitcoin will act in the coming months. Furthermore, it should be emphasized that these rates change depending on the developments that may be experienced in the sector.