Will Bitcoin be at or above $77,250 on Aug 29?
Signal ended
Entry · YES71¢
PublishedAug 29
Aug 29 forecast
Bitcoin is trading just above the cutoff across multiple references, so an Aug. 29 price of at least $77,250 is likely.
The benchmark and independent spot readings are clustered around $77,500–$77,700, placing Bitcoin above the cutoff but without much room. Recent investment inflows and visible bids can cushion declines, while the reversal from above $81,000, weakening spot demand, and nearby resistance leave meaningful late-window uncertainty. The balance still favors a qualifying Aug. 29 reading.
Points to YES
- The benchmark is already above the cutoff, making an above-threshold reading more likely if current conditions persist.On Aug. 29, the BRTI history entry showed $77,530.86, with an intraday low of $77,501.14 and a live display of $77,653.66.
- Independent spot readings also remain above the cutoff, reducing the risk that the benchmark is being supported by an isolated venue.At 12:45:40 UTC on Aug. 29, a CoinGecko-sourced page showed Bitcoin at $77,618 after a 24-hour low of $76,962.
- Recent institutional inflows provide underlying demand that could attract buyers on another dip and help keep Bitcoin above the cutoff.By Aug. 27, U.S. spot Bitcoin ETFs had received more than $2.8 billion across eight consecutive inflow days while coins left exchanges and varied wallet groups accumulated Bitcoin.
Points to NO
- Bitcoin has reversed sharply from recent highs, and continued downward momentum could erase the remaining cushion.The Aug. 28 BRTI entry fell from a high of $81,373.39 to an ending value of $77,830.44, a decline of 3.06%.
- Heavy overhead supply and weakening spot demand make a quick recovery less dependable and increase the chance of another test below the cutoff.On Aug. 28, analysis identified heavy sell walls from $80,800 to $83,000, large bids around $78,000 to $79,000 and lower, rebuilding open interest, and weakening spot demand.
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