Huo Xing Finance reports that on August 28, according to market data, Bitcoin briefly surged above $81,000 this morning before pulling back and now trades below $80,000 at $79,929.99. Previously, several analysts, including prominent trader Killa and Garrett Jin, representative of the "BTC OG insider whale," indicated that significant selling pressure exists around the $82,000 level.
Bitcoin Drops Below $80,000 After Brief Rally
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Summary
Bitcoin news reports that the price dropped below $80,000 after a market rally pushed it above $81,000 on August 28. It is now trading at $79,929.99. Analysts such as Killa and Garrett Jin had warned of strong selling pressure near $82,000. The market rally momentum stalled as expected resistance levels took effect. Bitcoin news continues to reflect short-term volatility amid key level tests.
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