The Price of Bitcoin: Betting Market 50% Chance it Stays at $69,000 or Higher

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Gemini Predicted

Gemini Predicted has your latest trading trends on the price of Bitcoin, crude oil and even who will win this week's Masters. 

Scheffler enters Masters week as the favorite: Do you like World No. 1 Scottie Scheffler or the field? Scheffler began the week on Gemini Predictions as the favorite to win the 2026 Masters, which will start this week at Augusta National. Traders as of Tuesday gave Scheffler a 16% chance of winning golf’s biggest major for the third time. And it’s not particularly close, with Jon Rahm (10%), Bryson DeChambeau (9%), and defending champion Rory McIlroy (9%) behind him. Scheffler has already won once and finished in the top 10 three times in his six starts in 2026, but he has finished outside the top 20 in his past two events, tying for 22nd and 24th in the Players Championship and Arnold Palmer Invitational, respectively. Trade the 2026 Masters here.
Bitcoin wakes up from recent lull: The price of bitcoin briefly broke the $70,000 mark on Monday, pushing more than 4% higher after recently trading in a tight range amid the recent turmoil in the Middle East. Despite pulling back on Tuesday, traders on Gemini Predictions appear increasingly bullish that the bottom for the latest four-year cycle is in, with a 36% chance bitcoin finishes the week at $70,000 or higher and a 50% chance it stays at $69,000 or higher. The recent price movement has reinforced bitcoin’s role as a store of value since the mid-cycle pullback that began last October. Trade bitcoin contracts here.
Oil markets edge up slightly amid ceasefire talks: The price of oil and stocks seesawed on Monday after President Trump said Iran’s ceasefire proposal was significant but still “not good enough.” On Tuesday morning, Trump escalated his rhetoric, urging Iran to re-open the Strait of Hormuz before an 8 pm deadline. Following the remarks, the price of brent crude oil dropped below $109 and WTI pushed above $113. In the near term, traders expect oil prices to remain high, giving it a 57% chance that the price of brent remains above $108 by the end of April. Trade oil contracts here.

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