The first entry is always the pin's source. Overall confidence is a weighted average of how firmly each reference supports the start and end times used above; a reference counts half as much for every 180 days older than the newest.
This is a "by when" ladder with monthly rungs, not a scheduled event. November 2026 is the month the market prices highest (10% by November 1 rising to 23% by December 1, a 13-point month against 9 for October and 3 for December), and a month-only date takes its last day. The market gives the crossing only 26% before 2027 at all.
The year-high market prices "above $99,999.99 in 2026" at 28%, within a couple of points of this ladder’s 26%, so the two books agree on the odds of the level being reached.[1]
CoinDesk’s August 20, 2026 Markets Outlook has 10x Research’s Markus Thielen turning bullish as Bitcoin passed $72K, the recovery this $100,000 ladder is priced off.[1]
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