Bitcoin Faces Uncertain Future as Traders Downgrade Price Hopes

Bitcoin's price has been trading steadily below $80,000 since the past week, with a 3.14% decline over the past seven days and a mild 0.43% decline over the last 24 hours. As of writing time, Bitcoin is trading at $76,794.

The weak price moves have sparked discussions across the crypto market, with many speculating about another prolonged price correction. According to Kalshi traders' forecast, it is highly unlikely that Bitcoin will hit $100,000 this year.