Kalshi Traders Eye $92,000 for Bitcoin by October

Kalshi traders have made their latest prediction about the future price of Bitcoin. According to their data, BTC will reach $92,000 by October. This forecast comes as Bitcoin's current price holds above its short-term and long-term exponential moving averages (EMAs), with a golden cross appearing on the MACD indicator.

The price action on the 4-hour chart shows that BTC is currently trading at $86,357.69, just above the EMA50 at $83,931.29 and EMA200 at $80,234.83. The RSI(14) is signaling overbought conditions with a reading of 70.57.

A pullback toward the 50-EMA support seems likely before Bitcoin continues its trajectory toward the predicted $92,000 target.