Bitcoin Targets $85K as Kalshi Traders Stay Bullish Despite Price Dip

Bitcoin briefly slipped below the $80,000 level following a recent cryptocurrency market correction, but traders on prediction platform Kalshi remain optimistic about BTC’s prospects in September.

Despite the pullback, Bitcoin continues to trade near the psychologically important $80,000 mark. Kalshi market data indicates that traders expect the world’s largest cryptocurrency to recover and potentially climb toward $85,000 before the end of the month.

The bullish Bitcoin price outlook comes after BTC recorded strong momentum during August. While the latest correction has pushed the cryptocurrency into negative territory in the short term, market participants appear confident that the broader upward trend could resume.

As of Saturday, September 5, Kalshi traders were betting on Bitcoin reaching at least $82,000 during September, with expectations extending toward the $85,000 level. Bitcoin was trading around $79,000 at the time of writing, meaning a move to $85,000 would require an increase of roughly 8% from current prices.

Such a rally would put Bitcoin back above a key psychological threshold and could reinforce bullish sentiment across the broader crypto market. However, BTC continues to test resistance around $80,000, making sustained momentum above that level important for any attempt to reach higher targets.

Prediction-market sentiment does not guarantee future price performance, but the Kalshi positioning suggests traders are treating Bitcoin’s latest decline as a temporary correction rather than the beginning of a deeper downturn.

If Bitcoin manages to recover and reach $85,000 before September ends, the cryptocurrency could extend the positive momentum established during August. A sustained advance would also increase the likelihood of another profitable monthly performance.

For now, Bitcoin’s ability to reclaim and hold $80,000 remains a key factor to watch. Despite recent volatility, Kalshi traders continue to favor further upside, keeping the $85,000 Bitcoin price target firmly in focus for September.