Traders on the Kalshi platform are still betting on a rise in Bitcoin prices. Despite Bitcoin falling below $80,000 recently, market expectations for its performance in September have not significantly weakened.
Traders bet $82,000
Kalshi data shows that as of September 5th, traders are betting that Bitcoin will rise to $82,000 before the end of this month. Based on the current level of around $79,000, this means that the market expects there to be about an 8% upside potential.
The $80,000 mark remains in a tug-of-war
The report mentions that Bitcoin has entered a downward trend after a recent pullback, but the optimism brought about by the rise in August continues. The current price is still fluctuating around $80,000, indicating that there is still a tug-of-war between buyers and those looking to take profits.
Can the upward trend continue in September?
If this expectation comes true, Bitcoin will continue to record strong monthly performance. The report suggests that as long as the price remains above the current range, there is still a possibility of a gain in September.
