Will Bitcoin be at or above $77,250 on Aug 29?

Signal ended

Entry · YES77¢

PublishedAug 29

Aug 29 forecast

Bitcoin is trading above the cutoff after recovering from an earlier dip, so an August 29 price at or above $77,250 is likely with meaningful uncertainty.

The latest quotes sit slightly above $77,250, making a qualifying August 29 observation the more likely outcome. Bitcoin also recovered after briefly falling below $77,000, but the prior day's rapid selloff and heavy liquidations leave meaningful risk of another break lower.

Points to YES

Bitcoin's latest price is above the cutoff, directly increasing the chance that it remains on the qualifying side despite the narrow cushion.
At 08:04 UTC on August 29, BTC/USD was $77,484.67 after trading between $77,348.65 and $77,953.48 during the partial day.
Bitcoin recovered from an earlier drop below $77,000, indicating enough near-term buying to restore a qualifying price.
An August 29 report said Bitcoin touched about $76,845 before recovering to $77,813.
Persistent spot ETF inflows provide underlying demand that could help absorb selling and keep Bitcoin above the threshold.
U.S. spot Bitcoin ETFs received $242.3 million of net inflows on August 27, their ninth consecutive inflow day, taking August inflows above $3 billion.

Points to NO

The latest selloff was fast and liquidation-driven, increasing the chance that renewed forced selling overwhelms the small margin above the cutoff.
On August 28, Bitcoin fell about 3% as nearly $488 million of crypto positions were liquidated, including more than $360 million of leveraged longs.
Higher Treasury yields and a stronger dollar triggered the recent decline, leaving Bitcoin vulnerable if those macro pressures intensify again.
After the August 28 policy remarks, the two-year Treasury yield rose to 4.312%, the U.S. Dollar Index advanced to 99.47, and Bitcoin eventually broke below $78,000.

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