Myriad Moves: Predictors Turn Bullish on Bitcoin Rebounding to $100K

Market Overview - Bitcoin has increased by 7.4% over the past week, reaching $91,000, but remains nearly 28% below its all-time high from August [1] - Predictors on Myriad are showing a bullish sentiment regarding Bitcoin's next move, with a significant focus on whether it will rise to $100,000 or drop to $69,000 [2] Predictions and Odds - As of Friday morning, predictors are giving a 74% chance for Bitcoin to pump to $100,000, marking a 24% increase in odds since the market's inception [3] - Analysts attribute previous declines to waning institutional interest and uncertainty surrounding Federal Reserve policy, but some believe the market may have reached a point of selling exhaustion [3] Expert Opinions - Tom Lee, Chairman of BitMine Immersion Technologies, suggests that Bitcoin may still achieve a new high before the end of the year, following a reset after significant liquidations [3] - Michael Saylor from Strategy is also optimistic, stating that a price of $150,000 is still possible before January [4] Upcoming Events - The Federal Open Market Committee (FOMC) meeting is scheduled for December 9-10, with predictors indicating an 84% chance of a rate cut, which could serve as a catalyst for Bitcoin's price movement [5]