Bitcoin (BTC) is currently experiencing an uncertain up-and-down trend phase. Evidently, as this article is being written, Bitcoin has only risen 0.3% in the last 24 hours and is trading stagnant at $83,000, Tuesday (18/03).
This has caused pessimism on the decentralized market prediction platform Polymarket. Where the majority, or more precisely 72%, believe that Bitcoin will drop back to $70,000 by the end of this year.
Certainly, this is influenced by the drop in Bitcoin's price due to several reasons, such as the trade taxes (tariffs) imposed by the US on several countries including Mexico, Canada, and China.
In addition, the results of the Bybit exchange hack that were circulated in the market by the Lazarus Group are also considered a contributing factor.
On the other hand, there is a small portion of market participants who still believe that Bitcoin can double its highest price point to $200,000. This is because Bitcoin has dropped more than 23% from its ATH since 2 months ago.
