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Bitcoin's chance to hit $100K soon is low despite recent price gains, with a possible correction ahead.

Market News
08 Oct 2026
Zycrypto
View Source
Neutral
Bitcoin's chance to hit $100K soon is low despite recent price gains, with a possible correction ahead.

Bitcoin is currently trading around $84,000, down 2% in the last 24 hours, with prediction markets assigning only a 40% chance of reaching $100,000 soon. Analyst Ted Pillows suggests that Bitcoin is unlikely to make a decisive upward move until the end of the year, expecting a price correction and sideways trading first. While some analysts are optimistic about a strong finish to 2026 leading to a major bull market in early 2027, current price action in October has been slow and somewhat bearish, casting doubt on the "Uptober" bullish trend. The next three weeks will be critical for traders as the market decides its direction.

Bitcoin price outlook is discussed with prediction markets giving a 40% chance of reaching $100,000. For readers following cryptocurrency markets, here is Pluang's market snapshot as of Oct 09, 2026 00:32 WIB: out of 50 major cryptocurrencies, 4 rose and 45 fell today. Notable movers include SAND at Rp1.185 with a -19.38% change, MANA at Rp1.625 with -12.87%, and AVAX at Rp176.196 with -12.31%.

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