Bitcoin Rebounds to $80K Range Amid Renewed Speculation on $100K Target

Bitcoin's price has rebounded by around 40% from its July 1 intraday low of approximately $57,748 to trade in the $79,000 to $81,000 range in early September.

This move has sparked renewed speculation about the cryptocurrency's potential to reach $100,000. However, prediction markets are skeptical, with platforms like Kalshi and ForecastEx currently pricing the probability of Bitcoin exceeding $100K by the end of 2026 at around 28%.

August delivered Bitcoin's best monthly performance since 2017, with a roughly 25% gain. This also marked a technical milestone, as Bitcoin reclaimed levels above its 50-month moving average for the first time since the prior crypto winter.