Bitcoin cools off as new liquidity builds near $79.4K

Aug 31, 2026

Bitcoin is pausing after a strong run, and the setup still looks bullish for buyers over the coming months even if the next couple of weeks stay choppy.

  • Bitcoin is drifting sideways to work off an overbought reading, not crashing.
  • A fresh pocket of liquidity has built just above the price near $79.4K, and it will likely get tapped within a day or two.
  • The bigger picture is turning bullish, with a long-term buy signal like the one that marked the end of the 2022 bear market.
  • Ethereum is holding its breakout above $2.4K and has made higher highs for the first time since last autumn.
  • Solana is on the edge of clearing $105, while XRP is cooling off above support.

Outlook: Expect a bit more chop for a few days, then a decent-sized move within one to two weeks — with a possible warning sign if price makes a new high while momentum fades.

## Bitcoin Levels

  • **Bias:** Bullish on the bigger picture, neutral-to-cooling in the very short term.
  • **Buy / accumulate:** 73,000–75,000 on a pullback; 76.8K is a downside liquidity pocket.
  • **Sell / take profit:** 80,000–82,000 resistance; 86,000–88,000 if it breaks higher.
  • **Support:** 73,000–75,000.
  • **Resistance:** 80,000–82,000, then 86,000–88,000.
  • **Targets:** 96,000–98,000 if 86K–88K clears; near-term liquidity at 79.3K–79.6K.
  • **Invalidation:** Needs daily or 3-day closes above 82,000–82,500 to confirm the trend reversal; failure there keeps it range-bound.

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