Will Bitcoin be at or above $77,000 on Aug 28?
Signal ended
Entry · YES68¢
PublishedAug 26
Aug 26 forecast
Bitcoin entered the final days above the threshold after a powerful rally, so a price of $77,000 or above on August 28 is highly likely.
Late August 25 quotations placed Bitcoin comfortably above the threshold after a powerful weekly advance. Strong spot-ETF inflows and expanding crypto liquidity support continued demand, while stretched momentum, resistance above $80,000 and increased exchange inflows create pullback risk. With little time remaining and a cushion already established, an August 28 price at or above $77,000 is highly likely.
Points to YES
- Late trading above $78,700 provided a cushion over the threshold, reducing the size of the decline needed to produce an above-threshold outcome.At 20:00 UTC on August 25, bids and asks across major exchanges clustered between roughly $78,790 and $78,906.
- Powerful recent momentum makes an immediate full reversal less likely, supporting prices through the short remaining window.On August 25, Bitcoin crossed $80,000 for the first time since May after gaining roughly 25% over seven days.
- Persistent spot-ETF inflows provide underlying demand that can absorb selling and help preserve the threshold cushion.U.S. spot Bitcoin ETFs recorded inflows on every trading day from August 17 through August 21, totaling about $1.92 billion for the week.
Points to NO
- The rapid advance became stretched and repeatedly struggled above $80,000, increasing the chance of a sharp pullback toward or through the threshold.On August 25, Bitcoin briefly traded above $81,000 before easing toward $80,700, while its daily RSI near 84 indicated a stretched advance.
- Elevated exchange inflows increase immediately available supply, raising the risk that profit-taking overwhelms the modest threshold cushion.On August 25, Bitcoin exchange inflows were reported near 53,000 BTC, their highest level since June.
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