Bitcoin’s Options Market Sees Just 6% Chance of $20K Before Year’s End

While bitcoin’s rally over the past month has revived talks of its price reaching new record highs above $20,000 by the end of the year, the cryptocurrency’s options market continues to assign a very low probability of that scenario playing out. 

At press time, bitcoin was seeing a 6% probability of bitcoin trading above the historical 2017 all-time high of $20,000 by the end of December, according to data source Skew

Probability of Bitcoin Being Above $X at Maturity
Source: Skew

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