How you can make 50โ70% on Polymarket this month by trading $BTC monthly predictions ๐
$BTC has historically been red in August, but traders still don't believe it.
In 2022, 2018, and 2015 โ all bear market years โ $BTC dropped around 18%, 9%, and 13%, respectively.
If BTC plays out like previous bear markets, it could drop around 9-10%, potentially taking BTC toward $56K.
Now let's look at the Polymarket odds:
1. $60K
Only about 50% of traders expect Bitcoin to hit $60K this month.
If you buy YES and BTC reaches the target, there is an opportunity for around 50% profit.
2. $57.5K
Only around 22% think BTC will hit $57.5K this month.
If BTC drops 9โ10% this month, it could go below $57K, creating an opportunity for around 78% profit.
My thoughts:
I think $60K will most likely be hit within the next few days.
For $57K, I'm still 50/50. That's why I put a smaller amount on $57.5K and a larger amount on $60K.
Let's see if it plays out or not. ๐
NFA