Will Bitcoin be at or above $77,750 on Aug 29?
Bitcoin has repeatedly crossed the threshold during a volatile session, so a qualifying Binance candle close is favored but far from guaranteed.
Bitcoin has traded on both sides of the cutoff, with rebounds showing enough buying strength to make another recovery plausible. The latest cited Coinbase price was slightly below the line, while the previous day's sharp selloff and weaker fund flows leave substantial downside risk. Because only the designated Binance minute counts, prices from other venues provide context rather than the result. A qualifying close is favored but far from guaranteed.
- The cutoff is within a modest intraday move, so even a limited rebound before noon could produce a qualifying Binance close.At 04:02 UTC on August 29, Coinbase Pro traded at $77,537.69 after ranging as high as $77,953.48 during the session.
- The session has already shown a rapid recovery through the cutoff, increasing the chance that buyers can reclaim it again.An August 29 report placed Bitcoin at $77,813 after an earlier decline to about $76,845.
- The rebound after heavy forced selling suggests liquidation pressure can exhaust quickly, supporting another move above the cutoff.On August 28, more than $200 million in long positions were liquidated within an hour before Bitcoin recovered toward the $77,000-$78,000 range.
- The preceding selloff created downward momentum that could reassert itself before the designated minute.Bitcoin closed August 28 at $77,557 after falling 3.39% from an overnight high of $81,455 and touching $76,877.
- The interruption of recent fund buying removes a source of demand that had helped sustain Bitcoin's rally, increasing vulnerability near the cutoff.Spot Bitcoin funds recorded a $202 million net outflow on August 28, ending a nine-day inflow streak.
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