Options market predicts chance of Bitcoin hitting all-time high in 2020 is 4%

BTC $9363 (+2.2%) • ETH $244 (+3.7%) • XRP $0.198 (+1.5%)

Bitcoin’s multi-month consolidation phase is narrowing as the cryptocurrency now trades between $9,100 and $9,200.

The incredibly low volatility that has come about as a result of this has only been seen a handful of times throughout its history and suggests that a major movement is looming on the horizon.

That being said, one important fragment of the crypto market doesn’t seem to think that this next big movement will be enough to spark the next parabolic uptrend.

According to data, Bitcoin’s options market is only pricing in a four percent chance of Bitcoin hitting its all-time highs of $20,000 by the end of the year.

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Crypto market data

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