Will Bitcoin reach $70,500 on March 8?

Market strongly favors Bitcoin not reaching $70,500 by March 8.

The prediction market shows a high probability of 99.95% for Bitcoin not reaching $70,500 by March 8, indicating strong skepticism among participants. The Pulse AI also aligns closely with this sentiment, suggesting a low likelihood of the price target being met. Overall, the market appears fairly priced with a confidence level of 90 out of 100.

• 1 Current market sentiment is overwhelmingly negative towards Bitcoin reaching the target.
• 2 The probability of YES is extremely low at 0.05%, indicating minimal belief in price increase.
• 3 Historical trends suggest Bitcoin has struggled to reach similar price points in short timeframes.
• 4 Liquidity in the market appears stable, with no significant fluctuations noted.
• 5 Time pressure is uncertain, which may affect traders' strategies and decisions.

What price will Bitcoin hit on March 8?This market will immediately resolve to “Yes” if any Binance 1-minute candle for Bitcoin (BTC/USDT) on the date specified in the title, between 12:00 AM ET and 11:59 PM ET has a final “High” price equal to or greater than the price specified in the title. Otherwise, this market will resolve to “No”.

The resolution source for this market is Binance, specifically the BTC/USDT "High" prices available at https://www.binance.com/en/trade/BTC_USDT, with the chart settings on "1m" candles selected on the top bar.

Please note that the outcome of this market depends solely on the price data from the Binance BTC/USDT trading pair. Prices from other exchanges, different trading pairs, or spot markets will not be considered for the resolution of this market.