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Bitcoin is hovering around the cutoff after a powerful, fund-backed rally, so an August 27 price at or above $78,750 is favored.
The cutoff lies inside bitcoin’s current trading range, making small price moves decisive. Strong recent momentum, sustained fund inflows and broader spot and futures demand favor renewed upside. However, profit-taking after the rapid rally and repeated intraday moves below the cutoff leave substantial risk in both directions. An August 27 price at or above $78,750 is favored.
Research and information only. Not financial advice or a recommendation to trade. Markets involve risk, including loss of capital. Review venue rules and eligibility before trading.