Bitcoin climbs above $80,000 on eight‑day rally

Bitcoin crossed $80,000 on Aug. 25, marking its first breach of that level since May 15 and extending an eight‑day rally that added roughly $350 billion to its market capitalization.

Price action and technical outlook

The cryptocurrency traded near $80,500 at press time and reached an intraday high above $81,000, representing a gain of about 28 % over the eight‑day period. The move erased losses accumulated since May and recovered roughly 38 % from the July 1 low near $57,700.

Bitcoin is now testing resistance between $80,000 and $82,000, the upper boundary of its May trading range. A sustained close above $82,000 would confirm continued demand, while a failure could see price consolidate toward $76,000–$78,000.

Momentum indicators support the bullish short‑term structure: the Know Sure Thing (KST) indicator sits near 112.5, well above its signal line around 40.2, and the Money Flow Index (MFI) reached 77.22, close to the conventional overbought threshold of 80.

ETF inflows and short liquidations

U.S. spot Bitcoin exchange‑traded funds recorded about $1.9 billion in net inflows for the week ending Aug. 21, the strongest weekly intake since October 2025. BlackRock’s iShares Bitcoin Trust accounted for a large share of the buying.

Forced short liquidations also accelerated the price rise, as traders betting on lower prices were compelled to buy Bitcoin as the market advanced.

Treasury buyback announcement

On Aug. 19 the U.S. Treasury announced it would double the maximum size of certain longer‑dated bond buyback operations from $2 billion to at least $4 billion, with the larger operations scheduled for Sept. 9 through Nov. 4. The announcement initially pushed longer‑term yields lower and improved expectations about market liquidity.

Upcoming macro data

The next major U.S. macroeconomic release is the Bureau of Economic Analysis report on July personal income, spending and the PCE price index, scheduled for Aug. 26. A stronger‑than‑expected reading could lift Treasury yields and pressure risk assets, while softer data could support continued risk‑on sentiment.

Key technical levels

• Resistance: $80,000–$82,000
• Support: $76,000–$78,000
• 50‑week EMA: technical bullish signal if held