Bitcoin price tests $82K resistance as Brandt stays long

Veteran trader Peter Brandt said he remained long Bitcoin on Aug. 28 as the cryptocurrency traded near $80,000 after another unsuccessful attempt to establish a decisive breakout above $82,000. Summary Bitcoin traded near $79,771 after reaching $81,280 but remained below the $82,000 resistance area Friday. Brandt disclosed a long Bitcoin position while warning he could exit within one trading day. The trader bought Bitcoin after an inverse head-and-shoulders breakout completed on August 20, 2026, officially. Bitcoin has gained approximately 28% during August after rebounding from July’s $57,717 low price area. U.S. spot Bitcoin ETFs attracted $1.92 billion across five sessions during the preceding rally week. The crypto traded at approximately $79,771 at the time of writing, up about 1.2% during the session. It reached an intraday high near $81,280 before retreating, keeping the closely watched $80,000–$82,000 area unresolved. Brandt disclosed his position in an X post listing several active trades. Alongside Bitcoin, he reported long positions in wheat, soybeans, corn, soybean meal, sugar and the Mexican peso. He was short lean hogs. The trader did not disclose his BTC entry price...