Will Bitcoin be at or above $79,000 on Aug 28?
Signal ended
Entry · YES42¢
PublishedAug 26
Aug 26 forecast
Bitcoin sits just below $79,000 after a sharp rally and reversal, so an Aug. 28 finish at or above the threshold is genuinely close.
The threshold is within one ordinary short-term move, and Bitcoin traded above it repeatedly before the latest retreat. Strong ETF inflows provide support, but failed advances above $80,000, stretched momentum and rising Treasury yields favor further weakness first. A finish just above the threshold remains the single most likely outcome, though a modest decline would produce the opposite result.
Points to YES
- Persistent spot-ETF inflows add underlying demand that could absorb sellers and lift Bitcoin back above the threshold before the deadline.On Aug. 25, U.S.-listed spot Bitcoin ETFs recorded $314 million of net inflows, their seventh consecutive inflow day, taking August inflows above $3 billion.
- Recent trading above $81,000 shows the threshold is readily reachable, so only a modest rebound is needed for a qualifying finish.On Aug. 25, Bitcoin traded as high as $81,240.68 before reversing to $79,287.12 later that day.
Points to NO
- Bitcoin’s latest position below the threshold creates an immediate deficit, while the retreat from $80,000 indicates sellers have regained short-term control and could press the price lower.At 20:06 UTC on Aug. 26, the weighted-average Bitcoin price was $78,776, or $224 below the threshold.
- Repeated rejection above $80,000 after an unusually fast advance increases the chance that profit-taking extends through the resolution window.On Aug. 25, Bitcoin briefly exceeded $81,000 but retreated toward $80,700 while daily RSI was near 84 and resistance extended from roughly $80,800 to $84,000.
- Higher inflation and Treasury yields can weigh on risk-sensitive assets, adding a macroeconomic headwind during the short remaining window.On Aug. 26, the Federal Reserve’s historically preferred inflation measure was reported at 3.7% for July, slightly worse than expected, and Treasury yields rose.
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