BITCOIN AND ITS NEW UPSWING
Looking at the market as of August 23, 2026, BTC is around US$77,250, after a very strong recovery from June lows.
My read for a consolidation in the coming week would be this:
Key zone: US$75,000–76,000. As long as BTC can stay above it, the outlook remains constructive.
Immediate resistance: US$78,000–80,000. That’s where profit-taking and plenty of volatility could appear.
If it breaks and consolidates above US$80,000: the market could start looking again toward the US$85,000–90,000 area.
If it loses US$75,000: watch out for a pullback toward US$71,500–73,000, a level that several technical analyses are watching as relevant support.
The elevated RSI indicates that the rally is fairly extended in the short term; that doesn’t necessarily mean a trend change, but it does increase the likelihood of a pause or a retracement.
What’s most interesting about the move is that it doesn’t seem to come from a single factor: there’s institutional demand returning, liquidation of bearish positions, favorable regulatory expectations in the U.S., and a weaker dollar. In addition, the U.S. Treasury’s announcement about repurchasing long-term debt helped boost both Bitcoin and gold.
For your Square, I’d frame the core idea like this: BTC exited a period of market depression and is now trying to prove that US$75K can become support. The real test isn’t hitting US$80K once, but staying above it and turning resistance into the new floor.
$ZEC $SOL $XAU
Looking at the market as of August 23, 2026, BTC is around US$77,250, after a very strong recovery from June lows.
My read for a consolidation in the coming week would be this:
Key zone: US$75,000–76,000. As long as BTC can stay above it, the outlook remains constructive.
Immediate resistance: US$78,000–80,000. That’s where profit-taking and plenty of volatility could appear.
If it breaks and consolidates above US$80,000: the market could start looking again toward the US$85,000–90,000 area.
If it loses US$75,000: watch out for a pullback toward US$71,500–73,000, a level that several technical analyses are watching as relevant support.
The elevated RSI indicates that the rally is fairly extended in the short term; that doesn’t necessarily mean a trend change, but it does increase the likelihood of a pause or a retracement.
What’s most interesting about the move is that it doesn’t seem to come from a single factor: there’s institutional demand returning, liquidation of bearish positions, favorable regulatory expectations in the U.S., and a weaker dollar. In addition, the U.S. Treasury’s announcement about repurchasing long-term debt helped boost both Bitcoin and gold.
For your Square, I’d frame the core idea like this: BTC exited a period of market depression and is now trying to prove that US$75K can become support. The real test isn’t hitting US$80K once, but staying above it and turning resistance into the new floor.
$ZEC $SOL $XAU
