𝐖𝐡𝐚𝐭 𝐝𝐨 𝐩𝐫𝐞𝐝𝐢𝐜𝐭𝐢𝐨𝐧 𝐦𝐚𝐫𝐤𝐞𝐭𝐬 𝐭𝐡𝐢𝐧𝐤 🤑$BTC
Another clue about Bitcoin comes from online prediction markets. For example, if you take a look at the Kalshi online prediction market, it's possible to see what investors think about the chances of Bitcoin hitting a variety of different price levels.
Right now, investors say, Bitcoin has a 46% chance of hitting $125,000 this year, and a 29% chance of hitting $150,000. Not bad, right? But investors also say that Bitcoin has a 43% chance of dropping below $70,000 and a 29% chance of dropping below $60,000.
A person holding a smartphone puts their hand on their head in shock.
Image source: Getty Images.
In short, investors think Bitcoin is just as likely to soar to $125,000 as it is to fall to $70,000. Now that it has nearly regained the psychologically important $100,000 price level, Bitcoin will likely trade in a relatively narrow range until the end of the 90-day delay in Trump's tariff adoption.
If a number of trade deals emerge by then, Bitcoin could pop. But if the U.S. economy worsens and no trade deals are signed, then all bets are off.