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Bitcoin unlikely to rise above $65,000 in June, prediction markets show sideways trend.

Market News
05 Jun 2026
Proactive Investors
View Source
Neutral
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Prediction markets on Polymarket indicate Bitcoin will likely remain stable around $63,000 to $65,000 in June, with a 76% probability of hitting $65,000 but slim chances of breaking above $70,000. Institutional investors are reducing exposure, as shown by $2.3 billion outflows from Bitcoin ETFs in May, reflecting cautious sentiment amid uncertain macroeconomic conditions. Analysts remain bullish long-term due to factors like institutional adoption and supply limits, but near-term momentum appears muted, suggesting a sideways market for June.

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