Is the Bitcoin Bottom In? The Level That Decides - In this video I break down the latest Bitcoin price action to determine if the current bounce is a sustainable recovery or a trap. I analyze the ongoing C wave structure and examine whether the market is building the necessary five wave pattern to confirm a meaningful low. Video by More Crypto Online.
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Bitcoin (BTC) surged past $77,000 on August 21, 2026, marking its highest level since May and its strongest weekly gain in over two years. The massive rally was driven by positive U.S. regulatory momentum, Treasury bond market interventions, and a massive short squeeze that liquidated billions in bearish bets.
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Bitcoin Insights Today
-Washington Policy: Momentum picked up after President Donald Trump urged Congress to pass the digital asset CLARITY Act alongside Treasury actions in bond markets.
-Liquidity Pressures: Analysts note that the sharp breakout above months-long consolidation ranges is now facing an $80,000 resistance test as thinner weekend liquidity approaches.
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