Will Bitcoin be at or above $77,500 on Aug 28?
Signal ended
Entry · YES71¢
PublishedAug 26
Aug 26 forecast
Bitcoin is already modestly above the cutoff after a powerful spot-led rally, so an August 28 price at or above $77,500 is likely.
Bitcoin enters the final stretch above the required level, supported by strong recent momentum and sustained spot-fund inflows. The cushion is not large, and repeated reversals from $80,000 alongside heavy profit-taking leave meaningful uncertainty, but modest stabilization is enough for the threshold to hold.
Points to YES
- Bitcoin’s latest reference reading was above the cutoff, so it needs only to preserve a modest cushion rather than stage another rally.At 15:00 GMT on August 26, the CME CF Bitcoin Reference Rate was $78,247.37, or $747.37 above the threshold.
- Persistent spot-fund inflows provide continuing demand that can absorb profit-taking and help keep Bitcoin above the threshold.On August 25, U.S.-listed spot Bitcoin ETFs received $314 million in net inflows, their seventh consecutive inflow day, bringing August inflows above $3 billion.
- The recent breakout demonstrated enough buying strength to carry Bitcoin several thousand dollars above the cutoff, leaving room for consolidation.On August 25, Bitcoin crossed $80,000 for the first time since May after rising more than 4% over 24 hours and roughly 25% over seven days.
Points to NO
- The remaining cushion is small relative to Bitcoin’s recent intraday swings, so an ordinary bout of volatility could place the final reading below the cutoff.On August 26, Bitcoin traded near $77,116 within a reported 24-hour range of $75,775 to $78,013.
- Repeated rejection near $80,000 and active profit-taking could extend the pullback through $77,500 before the deadline.At 12:38 UTC on August 26, Bitcoin was down 0.77% at $78,707 after rejection at $80,000, with long-term-holder profit-taking and a possible retest of $75,500 identified.
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