Will Bitcoin be at or above $77,500 on Aug 31?
Bitcoin recently stabilized above the threshold after a strong rally, so an August 31 price of at least $77,500 is favored but far from guaranteed.
The settlement-basis price is $77,480.19, only 0.03% below the threshold, while several recent readings were above $78,000. Strong spot demand and a broad August rally support another recovery, but stretched momentum, resistance near $79,000, and the latest pullback create substantial downside risk. An August 31 price of at least $77,500 is therefore favored but far from guaranteed, especially because the question specifies no fixing time or benchmark.
- Bitcoin repeatedly traded above $77,500 immediately before the resolution date and stabilized around $78,000 after its pullback.An August 31 report placed Bitcoin around $78,000–$79,000 and described it as stabilized near $78,000.
- The broader trend remains supportive after a powerful monthly rally and trading above major moving averages.On August 30, Bitcoin was up 23.5% since July 30 and traded above its 20-day, 50-day, and 200-day moving averages.
- Bitcoin is currently just below the threshold, leaving essentially no protective cushion against further selling.On August 31, the settlement-basis price was $77,480.19, approximately 0.03% below $77,500.
- Stretched momentum and weakening U.S. demand increase the risk of another abrupt pullback.On August 30, daily and weekly momentum readings were described as stretched, while the Coinbase premium had turned negative.
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