Odds that Bitcoin slips below $65K climb to 72% on Polymarket

Bearish sentiment regarding Bitcoin’s immediate price trajectory has intensified, according to data sourced from the decentralized prediction market Polymarket. The platform is currently assigning a 72% probability that the price of BTC will temporarily fall below the critical $65,000 threshold before the contract’s resolution date. This significant uptick in downside risk reflects sustained selling pressure and Bitcoin’s recent failure to maintain momentum above key technical resistance levels, particularly near the $70,000 mark.

Prediction markets like Polymarket often offer an aggregated view of collective investor consensus, reflecting perceived risk more immediately than traditional financial indicators. The $65,000 level is highly watched by traders, serving as a crucial psychological and technical support point. The rapid increase in odds suggests that market participants anticipate continued liquidations and potential downward price discovery. A decisive breach below this mark is widely expected to trigger cascading stop-loss orders and potentially lead to a swift retest of the lower $60,000 range, validating the elevated bearish outlook currently staked on the platform.

Source: Odds that Bitcoin slips below $65K climb to 72% on Polymarket