Will Bitcoin be at or above $77,750 on Aug 29?
Signal ended
Entry · YES33¢
PublishedAug 29
Aug 29 forecast
The threshold lies inside today’s trading range and has already been crossed, so a qualifying Bitcoin close at the deadline is narrowly favored.
Bitcoin is close to the cutoff after a steep policy-driven selloff, but it has already rebounded across the threshold once today. That demonstrated recovery capacity narrowly outweighs the latest below-threshold readings, while strong volatility leaves either outcome plausible at the exact measurement time.
Points to YES
- Bitcoin has already recovered across the threshold today, showing that buyers can erase a modest deficit before the specified close.An August 29 report recorded Bitcoin at $77,813 after it had earlier fallen to about $76,845.
Points to NO
- A recent Coinbase quote remained below the cutoff, so a qualifying close still requires renewed buying rather than simple price stability.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 policy-driven selloff strengthened near-term downward momentum, increasing the chance that another wave of selling carries Bitcoin below the cutoff.On August 28, Bitcoin fell from around $81,280 to approximately $76,909 after Kevin Warsh’s remarks, while nearly $488 million in broader crypto positions were liquidated.
- The latest fund-flow reversal removes a source of recent buying support and makes a durable rebound less secure.A dated August 28 item reported a $202 million net outflow from spot Bitcoin funds, ending a nine-day inflow streak.
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