Bitcoin price forecast: Traders bet on bitcoin reclaiming $80,000
By Omkar Godbole
Published on March 11, 2026.
The sentiment in the bitcoin BTC $ 70,106.15 market has turned bullish and traders are betting on a rally above $80,000, according to decentralized exchange Derive.xyz founder Nick Forster. Current options pricing indicates a 35% probability that the market will reach above the $80K mark by the end of June. This sentiment is attributed to a recovery in the market's skew, which indicates a shift away from aggressive downside hedging tactics. Despite earlier fears of a crash in the crypto markets, derivatives markets suggest that concerns may have been overstated.
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