Will Bitcoin be at or above $79,000 on Aug 31?
Signal ended
Entry · NO41¢
PublishedAug 31
Most late-day benchmark and exchange readings remain below $79,000 despite a narrow current edge, so an August 31 settlement above $79,000 is a meaningful underdog.
The visible evidence leans toward a sub-$79,000 finish. Late benchmark and exchange readings were below the threshold, while Bitcoin’s earlier fall below $77,000 showed that downside pressure remains substantial. The settlement-basis price is now $79,189.04 with roughly two hours left, keeping an above-threshold finish live, but the cushion is exceptionally thin relative to the day’s swings.
Points to NO
- A major Bitcoin benchmark was below the settlement threshold late in the day.At 15:00 GMT on August 31, the CME CF Bitcoin Reference Rate was $78,115.75.
- A recent major-exchange reading remained below $79,000.At 17:57 UTC on August 31, Kraken reported Bitcoin at $78,587.
- The day’s sharp selloff shows that the narrow cushion can disappear quickly.On August 31, Bitcoin fell below $77,000 before recovering toward $79,000.
Points to YES
- The current settlement-basis price sits just above the strike.On August 31, the settlement-basis price stood at $79,189.04 with roughly two hours remaining.
- Bitcoin has already demonstrated that it can cross the threshold today.Kraken reported an August 31 intraday high of $79,144.06.
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