After briefly reaching $80,000, Bitcoin has fallen back to around $76,000. However, traders predicting the market's movement still bet that it will continue to rise this month, and market sentiment has not significantly weakened due to this pullback.
Kalshi bet directed at $82,000
According to predictions disclosed by the trading platform Kalshi, as of September 3, traders on the platform are betting that Bitcoin will rise to $82,000 by the end of this month. At the current price of around $76,000, this means that the market expects there to be about a 7% upside potential for this month.
This bet reflects that despite Bitcoin's recent resurgence in decline, traders remain optimistic about the subsequent trend. The price having tested the $80,000 mark several times recently has also strengthened the market's expectations for further gains.
August increase approached 25%
Bitcoin performed strongly in August, which is an important backdrop for the current optimistic sentiment. Reports show that the price of Bitcoin was around $62,500 at the beginning of the month, and it then continued to rise, with a cumulative increase of about 25% within the month, reaching a high of $81,138 at one point during the upward trend.
After this round of gains, market confidence has significantly improved. Even though prices have fallen from their highs, traders still tend to believe that the current adjustment has not changed the overall bullish short-term outlook.
The trend in September remains a topic of concern.
The report also mentioned that some market analysts believe that Bitcoin's recent continuous testing of the $80,000 level implies that it is not impossible for it to reach $82,000 in September.
In addition, historical performance is also considered one of the supporting factors. Bitcoin has maintained an upward trend in September over the past four years, and this seasonal pattern has further strengthened the market's optimistic outlook.
However, such predictions mainly reflect the current betting directions of traders and do not necessarily indicate that a definite price trend has been established. Whether Bitcoin will be able to stabilize above $80,000 again remains a key focus for market observers.
