Will Bitcoin be at or above $78,000 on Aug 26?
Signal ended
Entry · YES66¢
PublishedAug 26
Latest quotes place Bitcoin just above the threshold after a powerful August rally, so a price of at least $78,000 on August 26 is likely.
Bitcoin enters the decisive period slightly above the threshold, supported by strong August momentum and sustained spot-fund inflows. The cushion is thin, however, and the sharp retreat from above $81,000 shows that profit-taking and liquidations can quickly erase it. An above-threshold reading is the more likely outcome, but substantial two-way volatility leaves meaningful uncertainty.
Points to YES
- Bitcoin's latest observed price was above the threshold, giving it a small but important head start into the applicable check.At 05:19 on August 26, Bitcoin was $78,540.70, within a daily range of $78,320.90 to $79,230.90.
- The powerful August advance creates continued buying momentum and makes a rebound above the threshold more plausible after brief dips.A report published late on August 25 said Bitcoin had recently rallied to around $80,000 and gained almost 30% during August.
- Persistent spot-fund inflows provide an additional source of demand that can help absorb selling near the threshold.U.S. spot Bitcoin funds recorded $337.6 million of net inflows on August 25, extending their inflow streak to six sessions.
Points to NO
- The failure to hold above $80,000 shows that sellers can overwhelm momentum and quickly push Bitcoin back toward the threshold.On August 26, Bitcoin pulled back to around $78,500 after reaching a three-month high of $81,238.
- Heavy profit-taking and elevated exchange inflows increase available selling supply, raising the risk of a sudden move below the threshold.On August 25, short-term-holder whales were reported to have realized about $1.2 billion of profit from August 20 through August 22 as exchange inflows reached roughly 53,000 Bitcoin.
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