Will Bitcoin be at or above $79,000 on Aug 28?
Signal ended
Entry · NO44¢
PublishedAug 27
Aug 27 forecast
Bitcoin is just below $79,000 after a sharp reversal, so an August 28 price at or above the threshold is genuinely close.
The latest reference prices sit narrowly below $79,000, while recent trading has repeatedly crossed that level. Strong fund inflows and the week's rally preserve substantial upside, but the reversal from above $81,000, leveraged liquidations, and profit-taking point toward fading momentum. That makes a $79,000-or-higher print genuinely close, with a sub-threshold outcome slightly more likely.
Points to YES
- Bitcoin crossed the threshold decisively this week, showing that only a routine rebound is needed for an above-threshold observation.On August 25, Bitcoin reached a 14-week high around $81,237-$81,265 after gaining more than 25% over seven days.
- Persistent institutional inflows provide underlying demand that could absorb selling and lift Bitcoin back above $79,000.US spot Bitcoin ETFs recorded a seventh consecutive day of net inflows through August 25, including $314 million that Tuesday.
Points to NO
- Bitcoin enters the final day slightly below the threshold, requiring renewed buying while a large options expiry could intensify resistance near $80,000.On August 27, Bitcoin traded between $78,000 and $80,000, with reference prices around $78,514 to $78,880 ahead of a large August 28 options expiry.
- The sharp rejection from above $81,000 signals weakened momentum and leaves further forced selling capable of keeping Bitcoin below the threshold.On August 26, Bitcoin fell from an intraday high of $81,238 to roughly $77,853-$77,870, accompanied by more than $324 million in leveraged liquidations.
- Recent profit-taking and transfers to exchanges increase immediately available supply, raising the chance that rebounds are sold before Bitcoin can hold the threshold.By August 24, short-term whales had realized $1.2 billion in profits over three days, while 28,600 BTC had been transferred to exchanges.
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