Bitcoin faced another rejection near the $82,000 resistance zone on August 28, 2026, after briefly climbing to an intraday high of $81,282 before retreating. The cryptocurrency was trading around $79,820 at press time, up about 1.3% over 24 hours, as sellers re-emerged around the $80,000–$82,000 range.
Veteran trader Peter Brandt confirmed on social media that he remains long Bitcoin despite the pullback. He also disclosed long positions in KC wheat, soybeans, corn, meal, New York sugar and the peso, plus a short position in lean hogs. Brandt noted his grain market exposure is unusually large, while warning followers that he can exit any position within a day.
Bitcoin has gained roughly 28% in August, according to CoinGecko data, supported by renewed buying interest and concerns around fiscal policy. Brandt said on August 20 that he bought Bitcoin after an inverse head-and-shoulders pattern completed, changing his earlier bearish technical view. A sustained move above $82,000 would place the asset beyond a major resistance zone and confirm stronger buying pressure, while another rejection could leave BTC vulnerable and shift attention to nearby support levels.
