How Low Will Bitcoin Go This Year? Kalshi Bettors See More Pain On the Way

How low will Bitcoin go this cycle? This is a question on many investors’ lips as the asset trades at around $63,400 today, up 1% over the past 24 hours.

Bitcoin has spent 2026 grinding through one of its choppiest stretches since the last bear market, and traders on prediction platforms like Kalshi are now putting real money behind guesses about just how far it could still fall before the year is out.

As of mid-August, bitcoin was trading in the low-$60,000s, roughly half its October 2025 all-time high near $126,000.

That drawdown alone has been enough to shake confidence, and Kalshi’s event contracts, which let users bet yes or no on specific price outcomes, are painting a picture of genuine, if measured, unease about further downside.