Bitcoin gains 24% as CryptoSlate price prediction model maps a volatile September

Bitcoin traded near $77,700 today, Aug. 31, putting the largest crypto asset up about 23.5% over 30 days. CryptoSlate’s market signal registered a bullish 68 out of 100 after a late-week pullback. The score measures trailing market conditions.

CryptoSlate published its latest Bitcoin September forecast at the Aug. 30 close. The model used a $77,667 reference price and produced an $81,319 median for Sep. 29. The projected gain is about 4.7%, compared with Bitcoin’s 23.5% advance during the preceding month.

Measured from the reference close, the model’s median adds about $3,651. The central forecast therefore preserves additional upside into late September at a much slower pace after the August rebound.

The model also maps a broad distribution of possible September prices. Its P80 estimate, the 80th-percentile point in that distribution, was $91,049. Its P20 estimate, the 20th-percentile point, was $72,502. The labels identify relative positions in the modeled distribution, with P80 marking the upper estimate and P20 marking the lower estimate.

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