Will Bitcoin be at or above $79,500 on Aug 28?
Signal ended
Entry · YES35¢
PublishedAug 26
Aug 26 forecast
Recent spot demand has repeatedly pushed Bitcoin through the threshold, so a price at or above $79,500 on August 28 is favored.
Bitcoin is slightly below the threshold, but its powerful August rally, repeated moves above $80,000 and sustained ETF inflows make another rebound favored but far from guaranteed. Failed breakouts, profit-taking and expiry-related volatility leave substantial room for a late reversal.
Points to YES
- Bitcoin has already demonstrated enough buying strength to clear the threshold decisively, making another move above it plausible before August 28.On August 25, Bitcoin reached an intraday high of $81,237.94 and traded at $80,323.24 during Asian hours.
- Persistent ETF inflows provide continuing spot demand that can carry Bitcoin back through $79,500 despite nearby resistance.U.S. spot Bitcoin ETFs recorded $337.6 million of net inflows on August 24, extending a six-session inflow streak to $2.26 billion.
Points to NO
- Repeated failures to hold above $80,000 show that profit-taking can quickly erase rallies and keep the August 28 price below the threshold.On August 25, Bitcoin again tested $80,000 but failed to hold above it as profit-taking by existing holders capped the move.
- Bitcoin starts below the threshold, requiring a rebound during the short remaining window and lowering the chance of an above-threshold result.On August 26, Bitcoin was quoted at $78,748 using a weighted average across major exchanges, below $79,500.
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