Will Bitcoin be at or above $77,250 on Aug 29?

Signal ended

Entry · YES74¢

PublishedAug 29

Aug 29 forecast

Bitcoin's latest dated reading is above the required level despite heavy selling, so a qualifying August 29 price is likely.

Bitcoin is modestly above the required level, and the partial-day low also remained above it. Strong ETF demand and the recent broad-based rally support stabilization, but the narrow cushion and demonstrated speed of liquidation-driven declines leave meaningful uncertainty.

Points to YES

The latest August 29 trading range remained entirely above $77,250, providing direct but narrow support for a qualifying price.
At 08:04 UTC on August 29, Coinbase Pro BTC/USD was $77,484.67, with a partial-day low of $77,348.65.
Persistent spot Bitcoin ETF inflows provide underlying demand that could absorb additional selling and help preserve the threshold.
U.S. spot Bitcoin ETFs received $242.3 million of net inflows on August 27, their ninth consecutive inflow day, taking August inflows above $3 billion.
The recent advance occurred with broadly stable market depth, making the rebound more credible and improving the chance that buyers defend nearby prices.
CoinDesk Research reported on August 27 that Bitcoin's nearly 25% weekly rise above $80,000 occurred while spot market depth remained broadly stable between August 18 and August 25.

Points to NO

The preceding selloff showed that forced liquidations can move Bitcoin by far more than its current cushion, increasing the risk of another abrupt decline.
An August 29 report said Bitcoin fell roughly 3% after the Federal Reserve chair's remarks as nearly $488 million of crypto positions were liquidated, including more than $360 million of leveraged longs.
Higher Treasury yields and a stronger dollar could extend the macro-driven selloff, which would threaten the small buffer above the required price.
After the Federal Reserve chair's August 28 remarks, the two-year Treasury yield rose 7.84 basis points and the U.S. Dollar Index gained 0.36% while Bitcoin broke below $78,000.

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