Kalshi Traders Bullish on Bitcoin, Predict $85,000 Price Target in September

Bitcoin's recent price correction below $80,000 has not deterred traders on Kalshi from predicting further upside movements in September.

The data shows that these traders are betting on Bitcoin reaching $82,000 by the end of this month, with some even targeting a higher price target of $85,000.

This optimism is consistent with the bullish momentum triggered by August's rally, which has maintained investors' confidence in the asset despite its slowing price movement.

At present, Bitcoin is trading at around $79,000, suggesting that traders expect a surge of at least 8% from this level before September ends.