Cryptocurrency punters have slightly raised odds of Bitcoin (CRYPTO: BTC) topping $100,000 this year after its latest price spike.

Bitcoin Heading Toward $100,000?

Polygon (CRYPTO: POL)-based Polymarket currently assigns a 47% chance of Bitcoin reclaiming the key milestone at any point in 2026, up 7 percentage points in a week. The odds were 32% a month ago.

The uptick in odds coincided with Bitcoin climbing to a three-week high of $81,000. The cryptocurrency has jumped over 17% in a month.

Bitcoin slipped below the $100,000 mark in mid-November and has yet to recover that level.

What Are Other Experts Projecting?

Galaxy Digital Inc. (NASDAQ:GLXY) CEO Mike Novogratz disagreed, adding that conditions are not ripe for Bitcoin to mount a recovery above $100,000 this year.

Influential cryptocurrency analyst and trader Ali Martinez flagged $83,000 as Bitcoin’s "most significant psychological and structural barrier," with a breakout potentially clearing the path toward $94,000.

Several bullish Bitcoin price targets have been revised downward lately. For example, Citigroup lowered its 12-month forecast to $112,000, while Standard Chartered reduced its year-end projection from $150,000 to $100,000.

BitMEX co-founder Arthur Hayes, who reiterated his $250,000 Bitcoin target as recently as March, also lowered it to $125,000 last week.

Price Action: At the time of writing, BTC was exchanging hands at $81,517.89, up 1.11% in the last 24 hours, according to data from Benzinga Pro.

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