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Bitcoin holds $77K support, eyes $80K breakout amid mixed signals and strong moving averages.

Market News
31 Aug 2026
Bitcoin
View Source
Bullish
pluang ai news

Bitcoin's price rebounded from $77,000 after a dip from the upper $79,000 range, currently trading near $78,500. The cryptocurrency faces resistance around $79,300-$80,000, with moving averages showing strong bullish signals despite mixed momentum indicators. Experts see the current consolidation as a sign of a broader market shift rather than a temporary spike, with institutional interest and leverage reset supporting a bullish outlook. The next key test is breaking above $79,300-$79,400 to target $80,000, while a drop below $77,000 could signal a short-term setback.

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