Will Bitcoin be at or above $77,500 on Aug 29?
Signal ended
Entry · NO37¢
PublishedAug 29
Aug 29 forecast
Bitcoin’s sharp reversal left it hovering around the cutoff amid fragile momentum, so a price at or above $77,500 is a meaningful underdog.
Bitcoin has traded repeatedly across the threshold, but its latest cushion is thin after a steep reversal and heavy liquidations. Recent fund inflows and nearby bids provide support, yet the immediate downward momentum makes a qualifying price the less likely outcome.
Points to NO
- The sharp retreat from above $81,000 to near the threshold creates strong downward momentum and raises the risk of another break below $77,500.At 02:55 a.m. on August 29, Bitcoin was $77,417 after falling 3.5% over 24 hours from an intraday high of $81,148.
- The selloff following tighter-policy remarks and widespread liquidations suggests fragile positioning that could amplify another downward move before the specified reading.On August 28, Bitcoin fell from about $81,280 to approximately $76,909 following Kevin Warsh’s remarks, while crypto liquidations approached $488 million.
Points to YES
- The latest supplied reading was above the threshold, giving YES a live path if that narrow cushion holds.At 12:45:40 UTC on August 29, Bitcoin was $77,618, with a 24-hour range of $76,962 to $79,992.
- Persistent spot-fund inflows provide underlying demand that could absorb selling and keep Bitcoin above the cutoff.On August 27, U.S. spot Bitcoin ETFs recorded $242.3 million in net inflows, their ninth consecutive inflow day, taking August inflows above $3 billion.
- Nearby bid liquidity offers a potential floor, increasing the chance that dips around the threshold are bought quickly.An August 26 liquidity map showed bid support layers around $75,500 to $77,800 and sell-order clusters around $78,180 to $79,700.
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