Bitcoin nears resistance as liquidity builds, with Ethereum and altcoins

Aug 09, 2026

Bitcoin is drifting higher in a short-term bullish relief, with more upside likely before it hits stiff resistance — good news for buyers, but a small cool-off could come soon.

  • Bitcoin keeps grinding up, grabbing pockets of sell orders sitting just above the price, one level at a time.
  • The next target is around $65,000, an easy reach since it sits just overhead.
  • Real resistance waits at $66K–$67K, where the price is expected to struggle or pull back.
  • On the big-picture weekly chart, a long-term bullish divergence is active — the same kind of signal seen at the end of the 2022 bear market.
  • Altcoins are mostly stuck following Bitcoin: XRP just flashed a bullish signal, Solana broke above resistance, while Ethereum stays boxed in sideways.

Outlook: More slow upside is likely over the coming weeks, with brief dips near resistance, though momentum is weak and no big rally is expected yet.

## Bitcoin Levels

  • **Bias:** Bullish short-term (more bullish than bearish, drifting up); long-term bullish divergence in play.
  • **Support:** $60,000.
  • **Resistance:** $66,000–$67,000.
  • **Targets:** $65,000, specifically $65,400–$65,600 (liquidity grab target).

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