Bitcoin Today: Testing Key Resistance at $80K
Bitcoin is trading around $80,248** as of August 28, 2026, up 1.56% after briefly touching **$81,000 earlier in the session.
The move follows Nvidia's strong Q2 earnings, which boosted risk appetite across both equities and crypto markets. Bitcoin recently broke above $80,000 for the first time since May, driven by a record **$46 billion short squeeze** and heavy spot buying. U.S. spot Bitcoin ETFs have seen over $2.6 billion in net inflows over the past eight trading days, signaling renewed institutional demand.
However, resistance remains heavy at $81,000–$83,000—the zone where sell orders are clustered. Fed Chair Kevin Walsh's cautious Jackson Hole remarks triggered a pullback to $78,442, and today's **$6.4 billion BTC options expiry** could add volatility.
Key support sits at $78,000–$79,000. A decisive breakout above $83,000 would likely open the path higher, while failure to hold support could invite a deeper retracement.#WarshSaysInflationIsFedTopFocus #SOLJumps20%OnTheWeek #CaliforniaBillWouldBarOfficialMemeCoins #TRONMainnetActivatesTVMPragueOsaka #GoldRisesAbout14%InAugust
Bitcoin is trading around $80,248** as of August 28, 2026, up 1.56% after briefly touching **$81,000 earlier in the session.
The move follows Nvidia's strong Q2 earnings, which boosted risk appetite across both equities and crypto markets. Bitcoin recently broke above $80,000 for the first time since May, driven by a record **$46 billion short squeeze** and heavy spot buying. U.S. spot Bitcoin ETFs have seen over $2.6 billion in net inflows over the past eight trading days, signaling renewed institutional demand.
However, resistance remains heavy at $81,000–$83,000—the zone where sell orders are clustered. Fed Chair Kevin Walsh's cautious Jackson Hole remarks triggered a pullback to $78,442, and today's **$6.4 billion BTC options expiry** could add volatility.
Key support sits at $78,000–$79,000. A decisive breakout above $83,000 would likely open the path higher, while failure to hold support could invite a deeper retracement.#WarshSaysInflationIsFedTopFocus #SOLJumps20%OnTheWeek #CaliforniaBillWouldBarOfficialMemeCoins #TRONMainnetActivatesTVMPragueOsaka #GoldRisesAbout14%InAugust