Will Bitcoin be at or above $78,500 on Sep 3?
Signal ended
Entry · NO60¢
PublishedSep 3
Sep 3 forecast
Bitcoin has remained below $78,500 throughout September 3 amid weak short-term momentum, so a threshold-clearing settlement is unlikely but still live.
Bitcoin is only 0.74% below $78,500, but its September 3 price and daily high remained under the threshold. Recent failure to sustain higher levels and increased potential selling pressure reinforce the downside. An August close above $78,500 shows the target remains reachable, leaving a threshold-clearing settlement unlikely but still live.
Points to NO
- Bitcoin remained below $78,500 during the final settlement day, without an intraday breach of the threshold.At 4:03 AM UTC on September 3, Coinbase Pro BTC/USD was $77,731.28 and its daily high was $77,877.20.
- Bitcoin's recent inability to sustain higher prices indicates weak short-term buying momentum.On September 2, Glassnode assessed that Bitcoin's failure to sustain a move above $80,000 reflected moderated short-term enthusiasm.
- Profitable holders near current prices create additional potential selling pressure into any rebound.On August 31, Glassnode assessed that more supply was held in profit near $78,000 than when Bitcoin traded there in May.
Points to YES
- Bitcoin recently demonstrated that it can trade and close just above the settlement threshold.Bitcoin closed August at $78,571, slightly above the $78,500 threshold.
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