Bitcoin Is Pumping But Prediction Market Traders Aren't Convinced
Summary
Bitcoin rose to $71,556, up 3.26% on the day, marking its strongest two-day rally in five months and the highest price since June 1. Market sentiment has improved, but prediction markets remain skeptical. On Myriad, odds swung from about 70% for a drop to $55,000 to a near coin flip, with 52% now favoring an $84,000 breakout. Other markets still leaned bearish or cautious: Polymarket and Kalshi had recently priced meaningful chances of BTC revisiting lower levels or failing to clear near-term resistance. Technically, Bitcoin faces a key level at $70,284; a daily close above it could open a move toward $73,245, while losing $68,000 could pull it back into its long-running range.
