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BitcoinMarket
Aug 22, 2026
< 1min read
bySteve Muchoki
forCoinEdition
Bitcoin pulled back from $79,500 to about $77,400 ahead of Donald J. Trump’s August 22 appearance, with INR gains hinging on BTC/USD and USD/INR moves that could shift CEX and DEX flows. Analyst Michaël van de Poppe warned of rising volatility and possible sharp short-term corrections, citing scalp entries below $74,200 and longer setups at $71,100, highlighting near-term risk for crypto investors and adoption in India.
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- Bitcoin’s rally comes ahead of Trump’s August 22 appearance, a key macro event for markets.
- BTC’s INR value depends on both BTC/USD price and USD/INR exchange rate.
- Michaël van de Poppe warns that rising volatility could lead to sharp short-term corrections
Bitcoin (BTC) experienced a sharp pullback from $79,500, with analyst Michaël van de Poppe targeting entries below $74,200 for scalps and $71,100 for longer setups amid high volatility.
However, President Donald J. Trump’s scheduled speech today adds another layer of market-moving uncertainty, often tying violent BTC rallies to USD weakness and shifts in the rupee, ultimately shaping profits measured in INR.
Bitcoin Price Tests Key Support After Volatile Pullback
Bitcoin continues to demonstrate underlying strength, trading near $77,400 after falling from its recent high. The broader crypto marke…
Source: cryptorank.io