Will Bitcoin be at or above $79,250 on Aug 31?
Signal ended
Entry · NO75¢
PublishedAug 31
Aug 31 forecast
Bitcoin is below $79,250 across major spot venues with hours remaining, so an August 31 settlement at or above $79,250 is unlikely but still live.
Current exchange prices sit modestly below $79,250 after a recent decline, with bearish momentum and potential selling pressure near $80,000 weighing on a rebound. The outcome remains live because Bitcoin already crossed the threshold intraday and recently traded above $81,000. Unspecified venue and fixing rules add uncertainty because Bitcoin prices vary across exchanges and timestamps.
Points to NO
- Major spot exchanges are trading below the $79,250 threshold with limited time remaining.On August 31, Coinbase, Kraken, Bitstamp and Gemini last traded between $78,367.49 and $78,490.30 around 10:40 UTC.
- Recent price action points downward rather than toward the required rebound.On August 30, Bitcoin fell 2.1% to $78,592, while an ADX reading of 37.70 was assessed as confirming a strong downtrend.
- Break-even selling pressure near $80,000 could impede a late rebound through the threshold.On August 30, Darkfost assessed the capital-weighted average Bitcoin holding cost at roughly $79,600, creating selling pressure near $80,000.
Points to YES
- The threshold is close enough to have been crossed already during the current trading day.Bitcoin's August 31 range reached $79,316.05, above the $79,250 threshold.
- Bitcoin has recently demonstrated enough volatility to move well beyond the threshold.Bitcoin tested $81,455 on August 28, its first visit to that level since May.
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