world-economy

Bitcoin Traders Forecast Further Decline Below $60K in 2026

Bitcoin prices tumbled to their lowest levels since early April this week after cryptocurrency treasury company Strategy offloaded a portion of its holdings, intensifying selling pressure across the market. Prediction market traders on Kalshi view significant downside ahead, with nearly 80% odds that the digital asset will breach $60,000 during 2026—marking a new annual low below February's $60,062 level. Traders also estimate a 52% probability that prices dip under $50,000 in 2026. The cryptocurrency has shed more than 45% from October's all-time highs exceeding $120,000, with week-to-date losses near 10%. Bitcoin currently trades around $66,500. Market sentiment has grown considerably more bearish on recovery prospects. Traders are assigning just 27% odds to a six-figure price return in 2026, down from 50% in early May.