📉 Bitcoin: the bearish scenario below $75,000 is taking shape...
As of August 29, 2026, Bitcoin is trading around $77,600, down 2% over the past 24 hours.
After its recent rebound, the market is now showing signs of fragility. The $77,000 zone is the first important support to defend.
Above that, buyers must contend with a major resistance located between $80,000 and $82,000.
This zone concentrates a large amount of BTC and could trigger profit-taking.
As long as Bitcoin fails to establish itself sustainably above $82,000, bounces remain vulnerable to sellers.
The situation is also weakened by less favorable ETF flows and a less accommodating macroeconomic environment.
Lower institutional demand reduces the market’s ability to absorb selloffs.
On the derivatives side, open interest remains high, while positioning is still largely favorable to buyers.
If Bitcoin continues to stall or starts accelerating downward, some long positions could be liquidated, intensifying selling pressure.
So the scenario to watch is straightforward: rejection below $80,000–$82,000 → break of $77,000 → test of $75,000.
A net loss of $75,000 accompanied by significant sell-side volume could then pave the way to $74,000, then $72,500.
Conversely, a quick rebound to $77,000, followed by a strong close above $82,000, would strongly weaken this bearish scenario. 🚨📊
$BTC
#Binance
As of August 29, 2026, Bitcoin is trading around $77,600, down 2% over the past 24 hours.
After its recent rebound, the market is now showing signs of fragility. The $77,000 zone is the first important support to defend.
Above that, buyers must contend with a major resistance located between $80,000 and $82,000.
This zone concentrates a large amount of BTC and could trigger profit-taking.
As long as Bitcoin fails to establish itself sustainably above $82,000, bounces remain vulnerable to sellers.
The situation is also weakened by less favorable ETF flows and a less accommodating macroeconomic environment.
Lower institutional demand reduces the market’s ability to absorb selloffs.
On the derivatives side, open interest remains high, while positioning is still largely favorable to buyers.
If Bitcoin continues to stall or starts accelerating downward, some long positions could be liquidated, intensifying selling pressure.
So the scenario to watch is straightforward: rejection below $80,000–$82,000 → break of $77,000 → test of $75,000.
A net loss of $75,000 accompanied by significant sell-side volume could then pave the way to $74,000, then $72,500.
Conversely, a quick rebound to $77,000, followed by a strong close above $82,000, would strongly weaken this bearish scenario. 🚨📊
$BTC
#Binance