Bitcoin pullback and what comes next for Ethereum, XRP and Solana

Aug 23, 2026

Bitcoin is cooling off after a strong run, but the broader trend still looks bullish for crypto holders.

  • Bitcoin just broke above the mid-$70K resistance zone and is now taking a short breather rather than reversing.
  • A weekly close above $80,000 would flip a key trend signal green for the first time since the bear market started in late 2025.
  • Ethereum confirmed a breakout above $2.4K, opening the door to a much higher target, though it is also overbought short term.
  • XRP is about to invalidate the bearish signal that dragged it down for a year — the best sign for it in twelve months.
  • Solana and Chainlink are both stalling at resistance, with a slight pullback or sideways chop the likely next move.

Outlook: Expect a few more days of cooling or sideways trade, then another attempt at the low $80Ks for Bitcoin.

## Bitcoin Levels

  • **Bias:** Bullish overall, with a short-term cool-off underway.
  • **Buy / accumulate:** The weekly bullish divergence off the sub-$60,000 lows is treated as a long-term accumulation signal.
  • **Support:** $73,000-$75,000 (former resistance, now broken above); major downside liquidity far below at $62,000.
  • **Resistance:** $80,000-$82,000.
  • **Targets:** $80,000-$81,500 liquidity pocket above the price, likely tested within about a week.
  • **Invalidation:** A weekly candle close above $80,000 confirms the bull signal; failure there keeps the bear-market trend intact.

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