Huo Xing Finance reports that on August 26, Bitcoin’s recent rally toward $80,000 has lost some momentum, as traders await U.S. inflation data and further policy signals from the Federal Reserve. Bitcoin has risen approximately 22% since August 20, supported by strong inflows into Bitcoin ETFs. However, rapid price appreciation may lead to profit-taking and overbought technical conditions, potentially limiting near-term upside. Technically, $80,000 represents a key resistance level; if Bitcoin sustains a breakout above $83,000, further upside could open, with potential targets in the $95,000 to $100,000 range.
Bitcoin Approaches $80,000 Resistance Amid ETF Inflows and Profit-Taking Risks
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