Will Bitcoin be at or above $79,500 on Sep 4?
Signal ended
Entry · YES45¢
PublishedSep 4
Sep 4 forecast
Bitcoin has reclaimed $81,000 and holds a cushion over $79,500 with hours remaining, so a September 4 reading at or above $79,500 is likely.
Bitcoin is currently around $81,055, roughly 1.9% above the threshold, after a forceful rebound through $80,000 and $81,000. That cushion and upward momentum make a September 4 reading at or above $79,500 likely. Meaningful uncertainty remains because the latest daily range crossed the threshold, Bitcoin traded near $76,300 a day earlier, and the U.S. jobs report could trigger another abrupt move.
Points to YES
- Bitcoin entered September 4 above the threshold with a meaningful, though limited, cushion.At 4:30 a.m. on September 4, Bitcoin was priced at $81,437, above $79,500.
- The recovery through $80,000 forced short sellers out and strengthened near-term upward momentum.On September 4, about $86 million in Bitcoin short positions were liquidated within roughly one hour as Bitcoin recovered $80,000.
Points to NO
- Recent volatility is large enough to erase the entire cushion before settlement.On September 3, Bitcoin traded between $77,181.64 and $82,107.69 within one day.
- Bitcoin demonstrated fresh downside capacity well below the settlement threshold before recovering.On September 3, Bitcoin traded as low as approximately $76,300 before recovering.
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