Fall to $70K or Rise to $90K. Where Will Bitcoin Head Sooner?
Bitcoin is currently trading around $79-80,000, after rising from its summer consolidation near $60,000 in mid-August. The first week of September saw a 1.8% price increase.
Analysts see a period of consolidation ahead. Roman Nekrasov, an independent IT consultant, expects Bitcoin to fluctuate between $78,000 and $80,000 in the near term, with strong resistance at $82,500 and support near $76,000. He cites a lack of trading volume for a stronger upward impulse, macroeconomic pressures like potential US Fed rate hikes, and profit-taking by investors as factors limiting movement. However, sustained inflows into spot Bitcoin ETFs suggest accumulation.
Alexander Kraiko, lead analyst at Cifra Markets, maintains a positive outlook, supported by potential US crypto regulation progress and a constructive technical picture post-rise. He views the $82-83,000 zone as key resistance; a decisive break above could target $90,000. While a short-term pullback to $74-76,000 is possible, the market structure currently favors accumulation over a new downtrend. Kraiko sees a higher probability of Bitcoin moving towards $90,000 than falling back to $70,000.
On the prediction market Polymarket, traders assign a 21% chance of Bitcoin falling to $70,000 in September and a 19% chance of it reaching $90,000. For year-end, these probabilities shift to 54% and 52%, respectively.
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