Bitcoin to $78K? Pro traders price in less than 17% odds of a breakout

Professional traders are pricing in less than 17% odds of Bitcoin breaking out to $78,000, as ongoing war and weak jobs data create downward pressure despite ETF inflows. The $78,000 price target has been pushed from late March to sometime in the coming months.

• →Professional traders estimate less than 17% probability of Bitcoin reaching $78,000 in the near term
• →War and poor employment data are creating bearish pressure on Bitcoin prices
• →ETF inflows are providing some support but not enough to offset negative macro factors
• →The timeline for reaching $78,000 has been extended from late March to later months
• →Bitcoin continues to face headwinds despite institutional investment flows