Kalshi Traders Forecast Bitcoin Above $85,000 by 5pm

Traders on Kalshi are predicting that Bitcoin will maintain its value above $85,000 by 5pm today. This forecast is based on current market levels and technical indicators, which show a bullish structure for BTC. The upper resistance level for Bitcoin is currently at $84,968.95, while the EMA50 is at $83,536.35 and the EMA200 is at $79,554.17.

The MACD golden cross supports the continuation of this trend, but the RSI at 55.81 signals neutral momentum that could trigger a quick test of the lower band at $82,537.07 before any push through $85,000.

Bitcoin's price prediction markets are now pricing tight ranges as trading levels converge on these technical confluences.