Kalshi Predicts Bitcoin Price Volatility with $44,000 Low Forecast

The prediction market Kalshi has forecasted Bitcoin to potentially plummet to $44,000, sparking discussions among cryptocurrency enthusiasts and investors. This forecast highlights the growing volatility in the BTC market and emphasizes the importance of monitoring key support levels and market indicators.

According to the Kalshi platform, traders are anticipating Bitcoin to reach $44,000 as a low point, which could be influenced by macroeconomic factors such as interest rate decisions and regulatory news. This forecast aligns with broader market sentiment where Bitcoin has experienced fluctuations, often testing support levels during bearish phases.

Traders should watch for indicators like the Relative Strength Index (RSI) dipping below 30, indicating oversold conditions that could lead to a rebound. On-chain metrics, such as those tracking whale activity and transaction volumes, could provide early signals of such a dip.