Polymarket Prediction Bets: A Look at the August Price Forecasts for BTC, ETH, SOL, and DOGE

• 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 $2…

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