Technical analysts mark $80,000 as the critical resistance level. A break here could extend the rally to $85,000+. Support sits at $75,000.
On August 20 alone, $2.74 billion in bearish positions were liquidated—the largest single-day squeeze since 2021. This amplified upside but also increased volatility risk.
Bitcoin ETFs attracted $1.5 billion in August with a peak single day of +$517.2M on August 19. BlackRock's IBIT leads institutional flows.
If Bitcoin closes above $80,000, the $85,000–$90,000 band becomes possible. A rejection at $80K could see profit-taking pull price back to $72,000–$75,000 support.
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