Bitcoin cooling off after liquidity grab, with new price targets

Aug 28, 2026

Bitcoin is taking a short breather after a run higher, which is mildly bad for short-term traders but healthy for the longer bullish trend.

  • Bitcoin is stuck under resistance near $80,000–$82,000 and is likely to chop sideways or drift lower for a few days.
  • The pullback is a reset after the daily and 3-day momentum gauges got badly overheated.
  • The bigger picture still looks bullish, with a weekly setup similar to the one that ended the 2022 bear market.
  • Ethereum, XRP, Solana, and Chainlink are all cooling off alongside Bitcoin, none of them expected to crash.
  • Solana is close to a breakout above $105 that would open the door to about a 15% move.

Outlook: A few more days of weakness and sideways trade before the larger recovery likely resumes.

## Bitcoin Levels

  • **Bias:** Short-term neutral-to-bearish, longer-term bullish.
  • **Buy / accumulate:** Support zone $73,000–$75,000; downside liquidity targets 76.4K–76.7K (especially 76.6K) and 75.6K.
  • **Support:** $73,000–$75,000; nearer-term 76.4K–76.7K.
  • **Resistance:** $80,000–$82,000; previous high at ~$82,000; remaining upside liquidity 81.6K–81.7K.
  • **Targets:** Downside 76.6K, then 75.6K if it breaks; upside breakout above $82,000.
  • **Invalidation:** A weekly close back above $80,000 confirms the bullish trend flip; losing 76.5K–76.6K opens the lower targets.

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