Bitcoin has repeatedly approached all-time highs throughout 2025 and 2026, making price predictions a key focal point for traders and market analysts. This market asks whether Bitcoin will reach the $120,000 milestone by year-end 2026. The current trading price reflects an 18% probability, suggesting the market views this level as achievable but far from certain. Bitcoin would need to gain roughly 50-80% from mid-2026 levels to hit this target, depending on when price is measured during the final month of the year. The resolution is straightforward: on January 1, 2027, the market will settle based on Bitcoin's actual price, using data from major exchanges. The 18% odds indicate the market expects significant headwinds or considers the target bullish relative to prevailing sentiment. Price action has trended cautiously higher through recent months, though volatility remains a defining feature of Bitcoin markets. Traders use these price-target markets to hedge conviction, express directional views, and track aggregate market opinion on crypto assets. The market closes December 31, 2026, with settlement occurring immediately after.