- Polymarket traders give Bitcoin a 62% chance of ending August near $120,000.
- Ethereum is likely to close the month between $3,800 and $3,900.
- Solana and Dogecoin are also forecasted to remain in narrow trading ranges.
Traders on the Polymarket prediction platform are betting on a month of consolidation for major cryptocurrencies, with data suggesting limited price action for Bitcoin, Ethereum, Solana, and Dogecoin by the end of August. The collective outlook points to a period of subdued market sentiment following recent rallies.
Bitcoin Likely to Stay Near $120,000
Prediction data shows traders believe Bitcoin will end August with a price close to $120,000. As of this press time, the most probable outcomes include a 62% chance of Bitcoin hitting $120,000 and an 82% chance for $117,000. The $125,000 level carries a 36% probability. Notably, Bitcoin trades at $114,326, a 0.4% rise in the past day.
Related: Bitcoin Correction Begins, Analyst Says It’s Time to Accumulate for Next Crypto Run
Meanwhile, the likelihood of Bitcoin reaching higher targets remains low. Only 2% of bets support a move to $150,000, and less than 1% expect a price as high as $200,000. Predictions of a drop below $105,000 have a 38% chance, suggesting traders anticipate short-term stability with limited downside risk.
Ethereum Expected to Close Below $4,000
Ethereum is projected to trade within a narrow range as well. The most likely outcomes include a 69% chance of reaching $3,800 and a 60% chance of $3,900. The market gives ETH a 47% probability of touching $4,000 before the month ends.
More bullish targets such as $4,200 or $4,600 carry much lower probabilities, 29% and 12%, respectively. The forecast indicates that Ethereum may struggle to sustain momentum above key resistance levels. Ethereum currently trades at $3,558, a 2.3% gain in the past day.
Solana Traders Focus on $175–$185 Range
Polymarket traders assign the highest odds to Solana closing between $175 and $185. There is a 69% chance of Solana finishing the month at $175 and a 59% chance for $180. Only 28% of traders believe Solana will reach $200 in August, while a move to $250 holds just a 3% probability.
Bearish bets suggest a 68% chance of a price below $150 and 78% for below $155. Overall, Solana’s market shows expectations of tight consolidation rather than large directional shifts. The coin currently trades at $162, with a daily run similar to BTC.
Dogecoin Forecast Reflects Modest Expectations
Dogecoin shows the lowest market volume among the four tokens, totaling $8,666. However, traders still expect price stability. The most likely outcomes are $0.22 (61% chance) and $0.24 (51% chance). The odds of a rally to $0.30 stand at just 9%.
The market gives Dogecoin a 67% chance of falling below $0.18, but lower targets such as $0.14 remain less likely with only a 16% probability. Predictions indicate limited bullish momentum heading into September. Dogecoin trades at $.2016, a 2% rise in the past day.
Related: Analyst Picks “Better Short-Term Trade” in DOGE vs. BONK Debate
Across the board, prediction market data shows traders expect cryptocurrencies to remain range-bound in August. The combined trading volume across Bitcoin, Ethereum, Solana, and Dogecoin markets exceeds $3.4 million, reflecting active interest but restrained optimism.
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