1 day ago
MarketsPublishedAug 24, 2026
As BTC tops $80,000 for the archetypal clip since May, terms investigation warns that the marketplace inactive needs to prolong higher levels to situation the bear-market thesis.
Bitcoin (BTC) passed $80,000 aft Monday’s Wall Street unfastened arsenic bulls built connected past week’s drawback BTC terms rally.
Key points:
- Bitcoin hits $80,000 for the archetypal clip since mid-May arsenic bullish momentum gathered pace.
- BTC terms investigation warns that the marketplace inactive needs to prolong higher levels to situation the bear-market thesis.
Bitcoin returns to $80,000 aft 100-day hiatus
Data from TradingView showed BTC/USD passing the $80,000 for the archetypal clip since May 15, up different 3% connected the time earlier pulling backmost pursuing the European close.
Source: TradingView
The determination spurred an uptick successful crypto abbreviated liquidations, with these passing $220 cardinal implicit the 24 hours to the clip of writing, per information from CoinGlass. A set of bid liquidity centered connected $76,700, perchance offering enactment successful the lawsuit of a downward BTC terms reversal.
BTC liquidation heatmap. Source: CoinGlass
Analyst: BTC rebound indispensable beryllium staying power
Bitcoin was up 25% month-to-date, seeing its champion August show since 2017 and progressively diverging from bear-market norms. Earlier, Cointelegraph reported connected concerns among immoderate traders that bearish past could inactive repeat, with downside reemerging from September onward to spark a last capitulation to caller macro lows.
“Bitcoin has Weekly Closed astatine the highs. Now starts the existent test,” trader and expert Rekt Capital wrote successful his latest marketplace commentary connected X.
“If this is simply a Bear Market Relief Rally, past Bitcoin could pullback arsenic aboriginal arsenic this week, oregon astatine slightest implicit the adjacent fewer weeks. Now it’s each astir Bitcoin proving sustained strength.”Rekt Capital had eyed the 50-week exponential moving mean successful particular, presently astatine $77,251, arsenic terms achieved its archetypal play adjacent supra it since November 2025. During Bitcoin’s 2022 carnivore market, BTC/USD achieved 2 play closes supra that inclination enactment earlier dropping to rhythm lows.
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