Bitcoin Slides as Kalshi Assigns Low Odds of $50K Before $100K

Kalshi's market odds indicate a low probability that Bitcoin reaches $50,000 before hitting $100,000. The current price of BTC is $84,309, within its Bollinger band with an upper resistance level at $87,382.

Despite holding above the EMA50 support at $82,623 and the EMA200 at $77,456, the MACD death cross at 488.39 warns of waning momentum, while the RSI remains neutral at 52.52.

Traders have noted that this setup often precedes a test of the lower band at $83,170 before any sustained push higher.