TREE NEWS reports: Bitcoin gained about 25% in August, its best month since November 2024 and strongest August since 2017, driven by Treasury buyback expansion, record short squeeze, and $3.05B ETF inflows. However, the 21Shares report highlights $81,000-$82,000 as the pivotal resistance zone separating a trend reversal from a bear-market rally. September’s focus includes support at $76,000-$78,000, ETF flow sustainability, and long-end yields.
Bitcoin Rises 25% in August, Key Test at $81K-$82K
Related Coin Charts
AI take
The 25% August surge is notable mainly because it was driven by a mix of macro liquidity signals and forced positioning, not organic demand alone. The $81K-$82K zone is the real battleground: clearing it would confirm a structural shift, while rejection would validate the bear-market rally thesis. For market participants, the sustainability of ETF inflows and long-end yield behavior will determine whether this momentum is durable or a short-term squeeze. September's support at $76K-$78K is the key level to watch for a breakdown risk.
Generated by AI for reference only.
Share on WeChat
Open WeChat → Scan → then tap "…" to send to a chat or Moments.
Tap "…" in the top-right corner to send to a chat or share to Moments.
Related News
27m ago
Shanghai second-hand home sales jump 33% in October, beating ‘Golden September’
1h ago
Israel’s President Herzog Calls for Compromise Talks to Avoid New Election
1h ago
Shanghai Electric, CATL Sign Strategic Cooperation Agreement
1h ago
Russian Strike on Ukraine Energy Infrastructure Cuts Power in Eight Regions
1h ago
CITIC Securities Proposes Four Allocation Strategies for Current Market
1h ago
Geely October sales up 1% as Zeekr, exports surge