A widely followed early Bitcoin investor, known as NoLimit on X, has released long-term price targets for top crypto assets like XRP and Bitcoin through 2029. His projections come as Bitcoin trades at $92,370 and XRP sits at $2.09, offering a multi-year outlook amid growing expectations for the next major crypto cycle.
Coinbase (COIN), the largest cryptocurrency exchange in the US, has experienced a significant decline in its stock valuation, dropping nearly 40% from its peak of $444 in July to its current trading level of around $271 per share. This, amid market fluctuations and heightened volatility in the broader crypto market, impacting the exchange’s stock performance.
Despite these challenges, analysts at Bernstein hold an optimistic outlook on Coinbase’s stock price, suggesting a potential new bullish phase that could propel COIN to surpass previous all-time highs and reach levels above $500.
Bernstein maintains a price target of $510 on Coinbase, underlining the exchange’s shift from a trading-centric platform to what analysts dub an emerging “everything exchange.”
Analysts led by Gautam Chhugani highlighted the delicate market conditions, citing crypto price fluctuations influencing listed crypto-exposed equities.
However, Bernstein distinguishes the current market environment from past crypto downturns, noting that speculative excess primarily affects what they refer to as “MSTR copycats,” referencing Strategy’s (previously MicroStrategy) stock performance.
Central to Bernstein’s bullish thesis is Coinbase’s strategic diversification away from volatile spot trading revenue. They assert that exchange is evolving into a comprehensive financial platform.
The analysts emphasize that clearer regulatory guidelines in the US could drive a revaluation of these business lines, bridging the gap with offshore competitors benefiting from faster token listings and fundraising fees.
Coinbase’s foray into token issuance through a launchpad-style model, exemplified by Monad’s (MON) recent listing, demonstrates growing market interest. Bernstein notes that these launches, directly influencing trading activity, can stimulate a cycle of issuance, listing, and heightened trading volume.
Looking ahead, one of the exchange’s most notable catalysts is the upcoming product showcase on December 17, anticipated to unveil developments in tokenized equities, prediction markets, and other tools expanding the exchange’s offerings beyond spot crypto trading.
The integration with Deribit is also expected to further bolster Coinbase’s derivatives expansion, positioning the exchange closer to platforms like Robinhood as both entities diversify their product offerings.
On the consumer front, the exchange’s Base app, focusing on wallet services, payments, and social features, acts as a centralized access point for the broader token markets, reaffirming the analysts’ bullish predictions.
Bernstein’s reaffirmed “Buy” rating on Coinbase with a massive $510 price target underscores the firm’s confidence in COIN’s growth trajectory. Monness Crespi’s recent upgrade from “Neutral” to “Buy” with a $375 target further adds to the bullish sentiment surrounding the stock’s valuation amid falling prices.
Featured image from DALL-E, chart from TradingView.com
Bitcoin appears to be weakening a crucial resistance mark, signaling that a momentous breakout to higher price levels is not far-fetched. Bitcoin trades near $91,000, down less than 2% over the past 24 hours.
Bitcoin is testing a key Fibonacci level as momentum shifts, with major resistance zones ahead. Bitcoin currently trades for $92,415, showing mild weakness over the past day as the market digests recent volatility.
The prominent equity research firm Wolfe Research finds the current levels at which Bitcoin trades as a favorable entry point. Analysts at Wolfe said in a Thursday note to investors that now is the best time to buy the crypto dip.
Dogecoin faces rejection at the middle Bollinger Band, but the meme coin's TD Sequential signals a potential buying opportunity. Dogecoin (DOGE) has dropped by 0.6% in the past 24 hours, currently priced at $0.1496.
Bitcoin is testing resistance on the daily Ichimoku Cloud while liquidation data shows heavy pressure on short sellers during its latest rebound. Bitcoin is maintaining a strong upward bias following a fresh intraday advance, trading near the upper end of its 24-hour range.
Dogecoin tests key resistance as intraday rebound meets Fib ceilings while MACD bullish cross setup forms. Notably, Dogecoin (DOGE) is posting modest gains today, trading around $0.138, up roughly 1.79 over the past 24 hours.
This Binance stablecoin indicator has just flashed a major buy signal for Bitcoin, even as its price corrects further on Monday. CryptoQuant data drew the crypto community's attention to this historically bullish event in a December 1 post.
Market veteran Peter Brandt has suggested that Bitcoin could correct by as much as 75%, citing historical data. His recent commentary comes on the back of the latest Bitcoin crash below $90,000 on Dec.
Dogecoin nears major support after breakdown, with a prominent analyst suggesting a possible DOGE season. Notably, Dogecoin is trading at $0.1376, showing a 7.8% decline over the past 24 hours as sharp sell-side momentum pushed the meme coin to its lowest levels in the past few days.
Bitcoin nears historical support as veteran analyst Peter Brandt warns prices could slide toward lower channel levels. Bitcoin (BTC) is trading at $86,032, marking a 0.7% decline over the past seven days.
BitMEX co-founder and former CEO Arthur Hayes remains unmoved in his $250,000 Bitcoin price projection, highlighting the catalysts for this rally. It is barely 33 days to the end of the year, yet Hayes is still insistent on a 170% Bitcoin rally to a new all-time high of $250,000.
Bitcoin is back in rally mode as expectations for a December Federal Reserve rate cut surge to their highest level yet this month. Specifically, traders are now pricing in up to an 87% chance of a rate cut.
A well-known commodity strategist at Bloomberg Intelligence says there's a chance Bitcoin could collapse 45% from here to its yearly pivot. Notably, Bitcoin (BTC) has bounced over the past week, but the market still shows signs of stress from a longer timeframe.
Bitcoin has recently recovered an important psychological level, but analysts insist that the market remains in a delicate position. Bitcoin (BTC) regained momentum on Nov.
The recent Bitcoin rebound has revealed the first resistance the crypto asset must reclaim before any sustained bullish continuation. Bitcoin is staging a comeback after bears exposed it to the $80,000 support zone.
The current Bitcoin price action shows striking similarities to the 2021 market cycle, as the asset rallies back to $91K. In a weekly chart shared on X, market watcher Crypto Rover highlighted nearly identical movements across trendlines and channel boundaries, drawing parallels between the past and present Bitcoin cycles.
Bitcoin Magazine
Bitcoin Price Prediction Markets Are Flashing a Signal
Bitcoin Price Prediction Markets have become an emerging tool for gauging sentiment and price expectations in real time. Traders on platforms such as Polymarket and Kalshi wager on Bitcoin’s future price outcomes, producing aggregated odds that reflect where market participants believe BTC is heading. As trading volumes expand and odds shift with volatility, these prediction markets are gaining credibility as a forward-looking sentiment gauge for the Bitcoin economy.
In early October, traders on Polymarket were betting that BTC would close 2025 around $144,000, but as volatility picked up and BTC dipped, that forecast has since slipped closer to $129,000. These odds update in real time, meaning they reflect the collective positioning and sentiment of thousands of participants and millions of dollars.
By tracking the ratio between BTC’s spot price and the predicted year-end price, clear sentiment trends begin to emerge. When this ratio spikes, meaning the spot price trades well below the market’s forecast, it often reflects a period of excessive fear or undervaluation. Conversely, when BTC trades close to the predicted price, the market tends to be overheated and nearer to local peaks.
Normalizing this data to account for how prediction volatility narrows as the year progresses gives an even clearer signal. The top percentile of days, where the ratio shows the widest gap between prediction and spot, has historically aligned with market lows, and vice-versa for the lowest percentile of days aligning with local highs.
Despite the impressive 91% accuracy figure often cited by Polymarket, deeper analysis shows that this number is inflated by markets with extreme odds — scenarios like “Bitcoin to hit $250,000 by year-end,” which overwhelmingly resolve to “no.” Removing these outliers gives a more realistic accuracy rate closer to 71% for BTC-related prediction markets, still notable but far from predictive certainty.
Interestingly, when comparing the standardized ratio of prediction-market expectations to BTC’s actual price, the data moves inversely to the Fear and Greed Index. When fear dominates, the ratio signals that traders are undervaluing Bitcoin, while periods of extreme greed coincide with markets pricing BTC near or above forecast levels. This overlap suggests that prediction markets, much like sentiment gauges, can help identify when emotions in the market have swung too far in one direction.
Used alone, prediction markets don’t provide a consistent trading edge — their crowd-based probabilities are efficient but not omniscient. However, when combined with sentiment indicators like the Fear and Greed Index or on-chain data, they can highlight asymmetry in market perception.
Historically, strategies that accumulate BTC during extreme fear and reduce exposure during euphoria have outperformed a simple buy-and-hold approach. When prediction markets align with those same fear periods, the data strengthens the case for opportunistic accumulation.
Prediction markets are not crystal balls, but they reflect the aggregated conviction of thousands of informed participants putting real money on the line. While not perfectly accurate, their probabilities track human sentiment remarkably well. When these odds diverge sharply from spot price — especially in periods of widespread fear — they may offer a data-driven contrarian signal worth paying attention to.
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Disclaimer: This article is for informational purposes only and should not be considered financial advice. Always do your own research before making any investment decisions.
This post Bitcoin Price Prediction Markets Are Flashing a Signal first appeared on Bitcoin Magazine and is written by Matt Crosby.
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