Bitcoin's next big test is breaking through $100,000: Asia Morning Briefing
Yahoo Finance·2026-01-16 10:09

Bitcoin held near 95,000inearlyHongKonghoursafteravolatilerallyearlierthisweek,withtradersincreasinglyconvergingononeneartermexpectation:atestof95,000 in early Hong Kong hours after a volatile rally earlier this week, with traders increasingly converging on one near-term expectation: a test of 100,000, but not a decisive breakout beyond it. Prediction markets show a 54% probability that bitcoin reaches 100,000inJanuary,accordingtoonecontractonPolymarket,makingitthemostlikelyoutcomebyawidemargin.Oddsfallsharplyabovethatlevel,withjusta22100,000 in January, according to one contract on Polymarket, making it the most likely outcome by a wide margin. Odds fall sharply above that level, with just a 22% chance of 105,000 and an 8% chance of $110,000, suggesting tr ...