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Market sees just 3% chance Bitcoin hits new record high this year amid cautious recovery.

Market News
22 Oct 2026
Crypto Briefing
View Source
Neutral
Market sees just 3% chance Bitcoin hits new record high this year amid cautious recovery.

Bitcoin's price has dropped about 25-34% from its October 2025 peak near $126,080, currently trading around $82,000 to $85,000. Prediction markets assign only a 3% chance of Bitcoin reaching $130,000 or higher by the end of 2026, while options traders see a 20-25% chance it will hit $100,000. The market sentiment has cooled significantly since early 2026, following a sharp drop to around $58,000 mid-year. Investors should watch the $100,000 level as a key milestone, with the market pricing in a slow recovery and limited chance of a new all-time high before 2027.

Bitcoin's potential price movements provide context for cryptocurrency market trends. For readers following digital assets, here is Pluang's market snapshot as of Oct 22, 2026 21:43 WIB: out of 50 major cryptocurrencies priced on Pluang, 4 rose and 45 fell today. Notable movers include FIL (Filecoin) down 6.03% at Rp17.408 with 83% buy activity, SAND (The Sandbox) down 5.66% at Rp976 with 81% sell activity, and CRV (Curve DAO Token) down 5.34% at Rp6.646 with 88% sell activity. Typical hold times vary from 62 to 123 days across these assets.

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