Kalshi Traders Hold Firm on $85,000 Bitcoin Target Despite Price Correction

Despite a recent price correction that saw Bitcoin dip below $80,000, traders on Kalshi remain optimistic about the asset's future. As of Saturday, September 5th, these traders are betting on Bitcoin reaching $82,000 by the end of this month.

This prediction suggests an 8% surge from Bitcoin's current price of around $79,000, which is not entirely surprising given the sustained bullish momentum seen in August.

If realized, this could drive sustainable bullish momentum for Bitcoin and potentially lead to a profitable close for the asset at the end of September. With the asset already testing the $80,000 level, surpassing $85,000 seems increasingly likely.