#🚨 Just Happened! Bitcoin Breaks 80,000 🚨
In the U.S. early session on September 3, Bitcoin’s rally extended, rising more than 4% to 80,400. Market data shows Bitcoin is currently trading at about $80,000, up 3.51% over the past 24 hours. Ether (2nd coin) rose in tandem to 2,484.
🔥 Why is it going up?
1. Cooling rate-hike concerns: Fed Governor Chris Waller said he is inclined to keep rates unchanged this month, leading the market to reassess expectations of further rate hikes
2. ETF gold rush: In August, U.S. spot Bitcoin ETFs saw net inflows of about $3.5 billion, the highest in over a year
3. Liquidations get wiped out: Large-scale liquidations amplify the rally
4. Treasury buybacks: The U.S. expanded long-term Treasury buyback programs to improve liquidity, while the dollar weakened—supporting Bitcoin
⚠️ But resistance is also significant:
· The probability of a September rate hike has surged to 66%
· In the 80,000–86,000 range, there’s a “supply ceiling” from long-term holders of about 1.05 million bitcoins
· Coinbase’s premium has been negative for over four months, indicating weak demand from U.S. investors
Analyst Pierre Rochard expects Bitcoin to close around $80,000 in 2026, and it may break through $120,000 next year. A research institute at a certain platform believes that if the $83,000 resistance level is effectively broken, it could open up upside toward $90,000.
The $80,000 level is already broken— is it Liu Shi’s starting point or a stage top? What do you think? See you in the comments!👇
#BTC #ETH
In the U.S. early session on September 3, Bitcoin’s rally extended, rising more than 4% to 80,400. Market data shows Bitcoin is currently trading at about $80,000, up 3.51% over the past 24 hours. Ether (2nd coin) rose in tandem to 2,484.
🔥 Why is it going up?
1. Cooling rate-hike concerns: Fed Governor Chris Waller said he is inclined to keep rates unchanged this month, leading the market to reassess expectations of further rate hikes
2. ETF gold rush: In August, U.S. spot Bitcoin ETFs saw net inflows of about $3.5 billion, the highest in over a year
3. Liquidations get wiped out: Large-scale liquidations amplify the rally
4. Treasury buybacks: The U.S. expanded long-term Treasury buyback programs to improve liquidity, while the dollar weakened—supporting Bitcoin
⚠️ But resistance is also significant:
· The probability of a September rate hike has surged to 66%
· In the 80,000–86,000 range, there’s a “supply ceiling” from long-term holders of about 1.05 million bitcoins
· Coinbase’s premium has been negative for over four months, indicating weak demand from U.S. investors
Analyst Pierre Rochard expects Bitcoin to close around $80,000 in 2026, and it may break through $120,000 next year. A research institute at a certain platform believes that if the $83,000 resistance level is effectively broken, it could open up upside toward $90,000.
The $80,000 level is already broken— is it Liu Shi’s starting point or a stage top? What do you think? See you in the comments!👇
#BTC #ETH
