Bitcoin Price Predictions: Is a New All-Time High on the Horizon?
As we approach the end of 2025, the cryptocurrency world continues to watch Bitcoin’s (BTC) price trends with intense scrutiny. After a rocky few months, the flagship cryptocurrency has been the subject of debates among traders and investors, with many wondering if BTC could surpass its all-time high (ATH) of $126,000, recorded in October this year.
What Are Prediction Markets Saying?
Data from crypto prediction market Polymarket as of December 9, 2025, paints a cautious outlook. Just 1% of participants on the platform believe Bitcoin might hit $130,000 by December 31, an optimistic figure that surpasses its previous high. Interestingly, this group has collectively wagered nearly $10 million, underscoring their confidence despite being in the minority.
On the flip side, three times as many bets are predicting a bearish scenario, with Bitcoin falling to $65,000, which hasn’t been seen since October 2024. The bearish volume, however, is relatively modest at $392,000.
The Market Sentiment: $95,000 at Best?
The majority of traders (61%) expect Bitcoin to climb to no more than $95,000 by year-end. Despite this more optimistic range, the risk appetite remains low with around $581,000 in total bets placed. The declining interest in bullish price levels began ahead of November, just as October’s market optimism, often referred to as “Uptober,” faded.
In fact, back on October 27, markets gave the odds of BTC reaching $130,000 a more favorable 56%. However, those odds have since crumbled, signaling a significant shift in sentiment.
Current Momentum and Technical Challenges
As of now, Bitcoin is trading above $90,000 but has slipped below critical levels like the 30-day simple moving average (SMA) of $92,383. Additionally, BTC faced rejection at the 50% Fibonacci retracement level near $94,044, suggesting weakening momentum.
Should Bitcoin fail to reclaim the $92,000 price point, bearish patterns indicating a potential fall to $86,000—or even $80,000—may play out. Current Polymarket data shows a 31% likelihood of BTC reaching $80,000.
Where Does Bitcoin Go From Here?
The uncertainty surrounding Bitcoin’s future price is reflective of a broader cooling trend in the crypto market, as many investors await economic indicators like the Federal Reserve’s decision on interest rates. Such macroeconomic factors are closely tied to Bitcoin’s trajectory as a volatile but increasingly mainstream financial asset.
If you’re looking to explore crypto trading or refine your investment strategies, platforms like eToro offer tools for buying, holding, and automating trades in Bitcoin and other cryptocurrencies. With over 30 million users worldwide, eToro is a great choice for new and experienced investors alike.
The Bottom Line
While Bitcoin’s chances of breaking a new ATH by the end of 2025 may seem slim as per current market sentiment, the cryptocurrency market has often defied expectations. Investors should remain informed and cautious, ready to adapt to market shifts that are both rapid and profound.
