Will Bitcoin be at or above $79,500 on Sep 4?
Signal ended
Entry · NO57¢
PublishedAug 31
Aug 31 forecast
Bitcoin remains just below the threshold after losing momentum near $80,000, so a $79,500-or-higher September 4 price is a meaningful underdog.
Bitcoin is at $78,866, only 0.8% below the threshold, but recent price action and weakening momentum lean against a $79,500-or-higher result. A rapid rebound from below $77,000 and August’s strong advance keep the outcome live, while the September 4 jobs report could generate a sharp move in either direction.
Points to NO
- Bitcoin enters the final stretch below the required $79,500 level.On August 31, an updated live quote placed Bitcoin at $78,901.93.
- Bullish momentum is weakening as Bitcoin struggles near $80,000.On August 31, an analyst assessed that bullish momentum was easing as the MACD approached a bearish crossover and the RSI fell to 69.
Points to YES
- Bitcoin has demonstrated enough short-term volatility to cross the nearby threshold quickly.On August 31, Bitcoin recovered toward $79,000 soon after falling below $77,000.
- The broader August advance still provides underlying support despite the latest pullback.As of August 31, Bitcoin had gained more than 24% during August, its strongest August performance since 2017.
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