A view of a Bitcoin ATM at Northgate Mall on February 5, 2026 in San Rafael, California.
Justin Sullivan | Getty Images
Bitcoin Prices fell to their lowest level since early April on Tuesday after a decline triggered by the crypto treasury firm strategy The sale of a small amount of its Bitcoin holdings intensified.
Traders on prediction market platform Kalshi believe the cryptocurrency has even more room to fall in the current “crypto winter.”
There is almost an 80% chance that the price of the flagship cryptocurrency will fall below $60,000 in 2026. This would mean Bitcoin hitting a new low and falling below February levels. At the beginning of the month, the Bitcoin price fell to as low as $60,062.
Traders also believe there is a 52% chance of prices falling below $50,000 this year. Bitcoin has not traded at a four ahead of its price since August 2024.
Bitcoin prices have fallen more than 45% since peaking at over $120,000 last October.
The cryptocurrency has fallen nearly 10% since the start of the week and Bitcoin was last trading at around $66,500.
Traders on Kalshi have also become more pessimistic about the prospects of when the cryptocurrency could reach six figures again. They only give a 27% chance of this happening in 2026, after giving a nearly 50% chance in early May.
Traders on Polymarket, meanwhile, believe there is a 12% chance of Bitcoin reaching an all-time high in 2026.
Disclosure: CNBC and Kalshi have a business relationship that includes customer acquisition and minority ownership.
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