Bitcoin Price Prediction: Macro Pressure Mounts as Yen Slides and Oil Climbs

Bitcoin traded at $78,500 as the Japanese yen breached 160 per dollar in Tokyo trading, while a U.S. strike on Iran’s Larak Island added to bearish price prediction.

The moves followed Friday’s broad dollar advance and hawkish remarks from Warsh at Jackson Hole, which lifted expectations for a Federal Reserve rate hike. Bitcoin’s daily loss remained under 1% even as the strike in Iran lifted oil prices and pushed stocks lower.

The market focus was whether bitcoin could hold near $78,000 amid yen weakness, higher rate expectations, and rising geopolitical risk.

The month’s closing ETF total was also in focus as a measure of whether an eight-day bitcoin ETF inflow run continued through the change in rate expectations.