Bitcoin: Drops 5% After Fed Chair Warsh Speech

Bitcoin dropped nearly 5% from around $81,400 to $77,000 after Fed Chair Kevin Warsh's speech, triggering immediate crypto market pressure on August 29, 2026.

Price action now sits at $77573.99 inside the Bollinger Bands with upper resistance at $80622.99, while the bullish structure holds above EMA50 support at $76820.62 and EMA200 at $69950.09; the MACD death cross at 171.4 signals short-term momentum loss even as RSI at 43.08 stays neutral, suggesting a healthy retracement toward the 50-EMA before any continuation higher in this BTC price prediction environment.