Bitcoin (BTC) is currently experiencing an uncertain up-and-down trend. As of the time of writing, Bitcoin has only risen by 0.3% in the past 24 hours, remaining stagnant at $83,000 on Tuesday (March 18).
This has fueled pessimism among market participants on the decentralized prediction platform Polymarket. A significant majority—72%—believe Bitcoin will drop back to $70,000 by the end of the year.
Several factors contribute to this bearish outlook, including U.S. trade tariffs imposed on multiple countries such as Mexico, Canada, and China. Additionally, the recent Bybit exchange hack, where stolen funds were reportedly reintroduced to the market by the Lazarus Group, has also played a role in price pressure.
On the other hand, a small group of traders remains optimistic, believing Bitcoin could double its all-time high (ATH) and reach $200,000. Their argument is based on the fact that Bitcoin has already fallen more than 23% from its ATH in the past two months.
Source: Akademi Crpto
