Kalshi Traders are Bearish on Bitcoin, Will BTC Price Stand the Test?

TheNewsCryptoPublished on 2026-01-29Last updated on 2026-01-29

Abstract

Kalshi traders express a bearish outlook on Bitcoin, predicting a potential drop to $64,000 or even $60,000 by the end of 2026 if macroeconomic conditions worsen. Currently trading around $87,675, BTC has declined 1.74% in 24 hours and remains 30.45% below its October 2025 all-time high of $126,198. Despite this, some positive sentiment exists, such as Metaplanet raising $137 million to purchase more BTC, indicating a buy-the-dip mentality. Key factors testing BTC’s price include competition from safe-haven assets like gold and silver, which recently hit record highs, and potential global uncertainty stemming from Trump’s international policies.

Kalshi traders have expressed a bearish sentiment towards Bitcoin, stating that BTC price could go lower by the end of this year, that is, 2026. This comes at a time when the flagship cryptocurrency has been trading below $90k for some time now. It remains to be seen if BTC stands to the test or if it succumbs to several influential factors.

Kalshi Traders on Bitcoin

According to a post by Kalshi Ecosystem and as highlighted by a notable crypto analyst, Ted Pillows, Bitcoin is forecasted to go as low as $64,000 in 2026. A few crypto enthusiasts have said that BTC may even stoop to around $60,000 if the macro worsens.

Interestingly, Kalshi Ecosystem just reported that Metaplanet has raised approximately $137 million. Funds are expected to be utilized to buy more BTC. This is a sentiment that aligns across the crypto community. Members have expressed their intent to buy the token if the value worsens – signaling that they would buy the dip in speculation for an eventual bull run.

BTC Price Now and Later

BTC price is currently swinging around $88,000. The token is trading at $87,675.67 when the article is being drafted. This is after a 24-hour decline of 1.74% and a weekly plunge of 2.39%. The current value of Bitcoin tokens is just 30.45% down from the ATH of $126,198.07, as recorded on October 07, 2025.

A monthly surge of 17.43% is on the books according to BTC price prediction. That would take the value to $103,687 amid a medium volatility of 2.76%. The 14-Day RSI remains neutral with 45.67 points. The token is testing critical support levels of $88,602 and $87,018. It is also testing critical resistance levels of $90,186 and $91,771.

What Will Test BTC Price?

Several factors can test BTC price in the times to come; however, Gold & Silver and Trump’s international policies are likely to dominate. Gold recently reached a record high of $5,591.61 per ounce. Silver also noted a value of $117.42 per ounce after it briefly recorded a peak of $120.45. This is making Gold and Silver a safe haven for investors who want to avoid volatility at the moment.

Trump’s policies could also set a pattern for BTC. In the latest scenario, as reported by Reuters, US President Donald Trump is considering options against Iran. This includes taking targets like leaders and security forces who were involved in the crackdown. The move could further escalate uncertainty worldwide to affect not just BTC or the crypto market, but every other macro perspective.

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Related Questions

QWhat is the bearish price prediction for Bitcoin by Kalshi traders for the end of 2026?

AKalshi traders forecast that the BTC price could go as low as $64,000 in 2026, with some crypto enthusiasts suggesting it may even drop to around $60,000 if macroeconomic conditions worsen.

QWhat significant corporate action did Metaplanet take that is seen as bullish for Bitcoin?

AMetaplanet raised approximately $137 million, and the funds are expected to be utilized to buy more Bitcoin, a move that aligns with the sentiment of buying the dip in anticipation of a future bull run.

QWhat are the critical support and support levels that Bitcoin is currently testing according to the article?

ABitcoin is testing critical support levels of $88,602 and $87,018, and it is also testing critical resistance levels of $90,186 and $91,771.

QBesides cryptocurrency-specific factors, what two major elements are cited as potential tests for Bitcoin's price?

AThe price of Gold & Silver and former President Donald Trump's international policies are cited as major factors that could test Bitcoin's price, with precious metals acting as a safe haven and political uncertainty potentially affecting global markets.

QHow does Bitcoin's current price compare to its All-Time High (ATH) mentioned in the article?

ABitcoin's current price is approximately 30.45% down from its All-Time High (ATH) of $126,198.07, which was recorded on October 07, 2025.

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Notable aspects include: Blockchain Infrastructure: The token is built on the Solana blockchain, known for its capacity to handle high-speed and low-cost transactions. Supply Dynamics: DIGITAL GOLD has a maximum supply capped at 100 quadrillion tokens (100P $BITCOIN), although details regarding its circulating supply are currently undisclosed. Utility: While precise functionalities are not explicitly outlined, there are indications that the token could be utilized for various applications, potentially involving decentralized applications (dApps) or asset tokenization strategies. Who is the Creator of DIGITAL GOLD ($BITCOIN)? At present, the identity of the creators and development team behind DIGITAL GOLD ($BITCOIN) remains unknown. This situation is typical among many innovative projects within the blockchain space, particularly those aligning with decentralized finance and meme coin phenomena. While such anonymity may foster a community-driven culture, it intensifies concerns about governance and accountability. Who are the Investors of DIGITAL GOLD ($BITCOIN)? The available information indicates that DIGITAL GOLD ($BITCOIN) does not have any known institutional backers or prominent venture capital investments. The project seems to operate on a peer-to-peer model focused on community support and adoption rather than traditional funding routes. Its activity and liquidity are primarily situated on decentralized exchanges (DEXs), such as PumpSwap, rather than established centralized trading platforms, further highlighting its grassroots approach. How DIGITAL GOLD ($BITCOIN) Works The operational mechanics of DIGITAL GOLD ($BITCOIN) can be elaborated on based on its blockchain design and network attributes: Consensus Mechanism: By leveraging Solana’s unique proof-of-history (PoH) combined with a proof-of-stake (PoS) model, the project ensures efficient transaction validation contributing to the network's high performance. Tokenomics: While specific deflationary mechanisms have not been extensively detailed, the vast maximum token supply implies that it may cater to microtransactions or niche use cases that are still to be defined. Interoperability: There exists the potential for integration with Solana’s broader ecosystem, including various decentralized finance (DeFi) platforms. However, the details regarding specific integrations remain unspecified. Timeline of Key Events Here is a timeline that highlights significant milestones concerning DIGITAL GOLD ($BITCOIN): 2023: The initial deployment of the token occurs on the Solana blockchain, marked by its contract address. 2024: DIGITAL GOLD gains visibility as it becomes available for trading on decentralized exchanges like PumpSwap, allowing users to trade it against SOL. 2025: The project witnesses sporadic trading activity and potential interest in community-led engagements, although no noteworthy partnerships or technical advancements have been documented as of yet. Critical Analysis Strengths Scalability: The underlying Solana infrastructure supports high transaction volumes, which could enhance the utility of $BITCOIN in various transaction scenarios. Accessibility: The potential low trading price per token could attract retail investors, facilitating wider participation due to fractional ownership opportunities. 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Note: This report encompasses synthesised information available as of October 2023, and developments may have transpired beyond the research period.

1.4k Total ViewsPublished 2025.05.13Updated 2025.05.13

What is $BITCOIN

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