Will Bitcoin be at or above $79,500 on Sep 4?
Signal ended
Entry · NO48¢
PublishedSep 3
Sep 3 forecast
Heavy breakeven supply near $80,000 blocks Bitcoin below the threshold, so a September 4 settlement at or above $79,500 is unlikely but still live.
Bitcoin enters the final 31.6 hours at $78,460.61, leaving a 1.32% climb to the strike. Repeated rejection near $80,000 and substantial breakeven supply around that level impede a late advance. Recent daily trading ranges exceed the remaining gap, while the September 4 jobs report could trigger a sharp move. A settlement at or above $79,500 remains unlikely but still live.
Points to NO
- Bitcoin remains below the settlement threshold with little time to close the gap.On September 3, the settlement-basis price was $78,460.61, 1.32% below $79,500 with 31.6 hours remaining.
- A dense breakeven supply zone around $80,000 could produce selling near the threshold.On September 3, about 880,000 BTC had cost bases between roughly $77,500 and $80,300.
- Bitcoin recently failed to hold a breakout above nearby resistance.Bitcoin failed to sustain its August 27 move above $80,000 and subsequently retreated toward $76,000.
Points to YES
- Bitcoin's recent trading range is wide enough to cover the remaining distance to the threshold.On September 2, LMAX Group reported an average daily Bitcoin range of $2,272.
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