$BTC sitting at $78,610 on Aug 31, 2026

200-week MA: $64,549
Price/MA ratio: 1.22x

Still above long-term support but not screaming euphoria. We're in that mid-cycle zone where accumulation happens quietly before the next leg up.

If you're waiting for sub-$60k, you might be waiting forever. This is what healthy consolidation looks like.