https://www.bloomberg.com/news/features/2022-05-26/kalshi-s-stock-market-of-the-world-let-s-you-bet-on-anything
Bitcoin’s price is currently projected to dip as low as $58,000 in June 2026, according to market participants on the Kalshi prediction market. This forecast comes amid a significant downturn, with Bitcoin’s price currently ranging between $63,600 and $64,600, marking a 13.2% decline over the past 24 hours and a 24% drop over the last week. The prediction aligns with key technical indicators, including the 300-week exponential moving average (EMA) and the electrical cost baseline, suggesting that market participants anticipate further downward pressure. Additionally, separate Kalshi contracts imply a 57% chance that Bitcoin might fall below $50,000 before the end of 2026.
Key Takeaways
Kalshi market activity suggests Bitcoin could drop to $58,000 in June, consistent with downside pressure.
Current market pricing implies a 57% likelihood of Bitcoin dipping below $50,000 by year-end 2026.
