Will Bitcoin be at or above $78,500 on Sep 4?
Signal ended
Entry · YES74¢
PublishedSep 4
Sep 4 forecast
Bitcoin already sits above $78,500 with only hours remaining, so a settlement at or above the threshold is highly likely.
Bitcoin enters the final hours at $79,364.50, about 1.1% above the strike, after trading above $80,000 at several points earlier today. The short window favors preserving that cushion, although recent sub-$78,500 trading, stretched momentum and signs of short covering leave meaningful risk of a sharp reversal.
Points to YES
- Bitcoin has repeatedly traded comfortably above the settlement threshold today.At 9:58 a.m. on September 4, Gemini quoted Bitcoin at $81,140.07.
- Strong spot Bitcoin ETF inflows provide evidence of renewed demand behind the rally.On September 3, U.S.-listed spot Bitcoin ETFs recorded $730.9 million in net inflows, their largest daily inflow since January 14.
Points to NO
- Bitcoin crossed the threshold from below only recently, showing that the current cushion is vulnerable.On September 3, Bitcoin traded around $77,700 after ranging from $76,264 to $78,184.
- The rally appears stretched and therefore exposed to a fast pullback.On September 4, FXStreet reported Bitcoin above $80,762 with its relative strength index near 71 in overbought territory.
- Short covering rather than fresh buying may have powered much of the recent rebound.On September 3, CryptoQuant assessed that the rally was driven largely by traders closing short positions rather than opening new long positions.
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