Bitcoin to slump to new lows after recent sell-off, traders predict
A view of a Bitcoin ATM at the Northgate Mall in San Rafael, California, on February 5, 2026.
Justin Sullivan | Getty Images
bitcoin Prices fell to their lowest levels since early April on Tuesday, following a decline spurred by the crypto treasury company Strategy The sale of a small amount of Bitcoin holdings has intensified.
Traders on prediction market platform Kalshi think the cryptocurrency has more room to fall in the current “crypto winter”.
There is an almost 80% chance that the price of the flagship cryptocurrency will fall below $60,000 in 2026. This means Bitcoin has fallen below its February levels, setting a new low. Earlier that month, Bitcoin fell as low as $60,062.
Investors also think there is a 52% chance that prices will fall below $50,000 this year. Bitcoin has not traded four times ahead of its price since August 2024.
Bitcoin prices have fallen more than 45% since their peak of more than $120,000 last October.
The cryptocurrency has fallen nearly 10% since the beginning of the week, with Bitcoin last trading around $66,500.
Traders on Kalshi were also more bearish on the outlook for when the cryptocurrency could hit six figures again. They only give it a 27% chance of it happening in 2026, after giving it almost a 50% chance in early May.
Meanwhile, investors at Polymarket see a 12% chance of Bitcoin reaching all-time highs in 2026.
Disclosure: CNBC and Kalshi have a business relationship that includes customer acquisition and minority investment.
