Will Bitcoin be at or above $80,000 on Aug 28?
Bitcoin has already breached the threshold amid strong spot-fund inflows, so an August 28 price at or above $80,000 is favored but far from guaranteed.
The threshold is within immediate reach after a powerful rally, and sustained exchange-traded fund inflows provide demand that could outlast the short squeeze. However, several late August 25 readings were below $80,000 after an intraday rejection, while overbought conditions, profit-taking and a large options expiry leave room for a sharp reversal. A price at or above $80,000 on August 28 is therefore favored but far from guaranteed.
- Strong upward momentum has carried Bitcoin through $80,000, making another move above the threshold during the remaining window easier to sustain if buyers remain active.On August 25, Bitcoin crossed $80,000 for the first time since May and extended its seven-day advance to roughly 25%.
- Persistent spot-fund inflows create underlying demand that can absorb profit-taking and help keep the August 28 price above the threshold.US spot Bitcoin exchange-traded funds recorded $337.6 million of net inflows on August 24, their sixth consecutive positive session, bringing six-session inflows to $2.26 billion.
- Bitcoin's failure to hold its intraday breakout shows that $80,000 remains contested, increasing the chance that sellers control the relevant August 28 reading.Coinbase Pro data on August 25 showed a high of $81,265.30 but a latest or closing value of $79,260.77 at 16:41 UTC.
- Overbought conditions and nearby resistance raise the risk of another corrective move before the deadline, even if the broader rally remains intact.On August 25, Bitcoin was reported at $80,894 with daily RSI at 84.01, near an upper Bollinger Band of $81,103 and far above the $68,367 mid-band.
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