Bitcoin's price pulled back from above $80,000 to trade near $77,600, showing short-term weakness with a risk of dropping to $74,000 support. A four-hour chart signals potential further decline if immediate support around $77,000 fails, but a longer-term macro view suggests Bitcoin could resume its upward trend toward $100,000 and beyond if it holds key breakout zones. The near-term focus is on maintaining support levels between $74,000 and $77,000 to avoid a deeper correction, while a break above $79,400-$80,800 could strengthen the bullish case. Despite recent pullbacks, Bitcoin has gained about 23% in August, outperforming many traditional assets.
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