Will Bitcoin be at or above $77,750 on Aug 29?

Signal ended

Entry · YES31¢

PublishedAug 29

Aug 29 forecast

Bitcoin has traded on both sides of the threshold today, so a qualifying Bitcoin close at the specified time is genuinely close.

Bitcoin has repeatedly crossed the threshold amid unusually sharp swings. The latest Coinbase reading was below it, but an earlier rebound reached above it after a deeper decline. A qualifying close is slightly more plausible, though the exact Binance minute remains highly exposed to another abrupt move.

Points to NO

The freshest timestamped Coinbase reading was below the threshold, so Bitcoin still needs a rebound rather than merely holding its latest level.
At 04:02 UTC on August 29, Coinbase Pro BTC/USD was $77,537.69 after trading between $77,485.00 and $77,953.48 during the session.
The stronger-dollar and higher-yield reaction to the Federal Reserve chair's remarks could continue pressuring Bitcoin during the remaining window.
On August 28, the two-year Treasury yield rose 7.84 basis points and the U.S. Dollar Index gained 0.36% after Kevin Warsh's remarks, while Bitcoin sold off sharply.
The end of the recent fund-inflow streak removes a source of incremental demand that had supported Bitcoin's preceding rally.
A dated August 28 item reported a $202 million net outflow from spot Bitcoin funds, ending nine consecutive sessions of inflows.

Points to YES

Buyers have already carried Bitcoin back above the threshold after a substantially deeper drop, showing that another qualifying rebound is readily achievable before the measurement.
At 00:09 UTC on August 29, a report listed Bitcoin at $77,813 after it had earlier touched about $76,845.
The forced-selling wave was followed by a recovery toward the threshold area, suggesting some immediate liquidation pressure may already have cleared.
On August 28, more than $200 million in long positions were liquidated within an hour as Bitcoin fell below $77,000, after which it recovered toward the $77,000-$78,000 range.

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