Bitcoin holds range as liquidity builds below price

Aug 29, 2026

Bitcoin is cooling off after its run higher, and a pool of buy-stop liquidity sitting under the price hints at a short-term dip before the bigger uptrend resumes — mildly negative near-term, positive longer-term.

  • Bitcoin is stuck between support and resistance and will likely chop sideways for another day or two.
  • A cluster of liquidity below the current price makes a quick flush lower the most likely next move.
  • The weekly chart is close to flipping bullish for the first time since the bear market started, and the same setup last appeared at the end of the 2022 bottom.
  • Daily momentum is still slightly overheated, so this pause is a healthy reset rather than a top.
  • Ethereum is holding its breakout, Solana is trying to clear resistance, and XRP is cooling from an overheated squeeze — the whole market is moving together.

Outlook: Expect a few more quiet or slightly lower days, with traditional markets in the new week likely deciding the next direction.

## Bitcoin Levels

  • **Bias:** Bullish on the higher time frames, mildly bearish short-term.
  • **Buy / accumulate:** 76.4K–76.7K liquidity zone; range support 73,000–75,000.
  • **Sell / take profit:** 80,000–82,000 resistance band; upside liquidity at 81.6K–81.8K.
  • **Support:** 73,000–75,000.
  • **Resistance:** 80,000–82,000, with the prior high at ~82,500.
  • **Targets:** Downside 76.4K–76.7K; upside breakout above 82,500 opens a larger bullish structure.
  • **Invalidation:** A weekly close above $80,000 flips the trend indicator green and cancels the pullback case; failure to hold 73,000–75,000 breaks the bullish setup.

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