Will Bitcoin be at or above $77,500 on Aug 28?
Signal ended
Entry · YES68¢
PublishedAug 28
Several Aug. 28 readings remain above the cutoff despite an intraday breach, so Bitcoin at or above $77,500 is likely with meaningful uncertainty.
Late Aug. 28 readings near $77,900 put Bitcoin above the cutoff, while the CME reference rate provided a larger cushion earlier. However, Bitcoin has already traded below $77,000 today, and concentrated selling interest above $80,000 could trigger another downswing. With no venue or fixing time specified, the mixed same-day readings leave meaningful uncertainty, but an above-threshold result is more likely.
Points to YES
- The latest supplied Coinbase reading retained a modest cushion above $77,500, raising the chance that the applicable price remains above the cutoff.At 17:23 UTC on Aug. 28, Coinbase Pro showed BTC/USD at $77,950.02 after an intraday low of $76,845.71.
- The multi-venue CME reference rate stood well above the cutoff, supporting an above-threshold outcome if a benchmark-like reading is applicable.At 15:00 GMT on Aug. 28, the CME CF Bitcoin Reference Rate was $79,088.72.
- Recent spot-ETF inflows provide an active source of demand that can absorb selling and help defend the threshold.U.S. spot Bitcoin ETFs recorded $232.12 million in net inflows on Aug. 26.
Points to NO
- Bitcoin has already crossed below the threshold during the session, showing that another ordinary downswing could produce a below-cutoff reading.On Aug. 28, Investing.com recorded an intraday low of $76,945.6 before the displayed price recovered to $77,907.3.
- Heavy overhead supply around $80,000–$82,000 can attract selling into rebounds, increasing the risk of another retreat toward or below the cutoff.On Aug. 27, nearly 8% of Bitcoin supply had last moved between $80,000 and $82,000, including approximately 5% at $80,000.
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