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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