Will Bitcoin be at or above $78,750 on Aug 31?
Bitcoin is below the threshold with little time left after repeated resistance, so an August 31 price of at least $78,750 is a meaningful underdog.
The settlement-basis price is $78,443.8647 with 10.9 hours remaining, leaving Bitcoin close enough for ordinary volatility to produce a qualifying print. The evidence nevertheless leans against that outcome: Bitcoin has repeatedly failed near $80,000, recently closed below $78,000, and faces pressure from hawkish monetary signals. August’s powerful rally and recent trading across the threshold keep the outcome live. Supplied price records conflict sharply, with most near $78,000 but one delayed FT/LSEG record showing $97,485.86, making the specified settlement basis especially important.
- Bitcoin is below the $78,750 threshold with only hours remaining.On August 31, the settlement-basis price was $78,443.8647, or 0.39% below the threshold, with 10.9 hours until settlement.
- Repeated rejection near $80,000 shows sellers remain active just above the threshold.On August 30, Bitcoin had been rejected twice at $80,000 during late August and was trading near $78,000.
- Hawkish Federal Reserve signals have recently triggered selling in Bitcoin.On August 28, Federal Reserve Chair Kevin Warsh said inflation remained too high and suggested rate increases might be needed in coming months.
- Recent intraday trading around the threshold shows that a qualifying price remains readily reachable.On August 31, Bitcoin traded in an approximately $78,000–$79,000 range that straddled $78,750.
- Bitcoin’s strong August advance demonstrates substantial upside momentum despite the latest pullback.From August 1 through August 28, Bitcoin rose from a $62,814.70 close to an intraday high of $81,330.30.
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