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Crypto

Bitcoin Consolidates at $79K as Momentum Fades

Guavy AI Editorial Team
Instruments
BTC
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The Bitcoin price has reached $79,789.69, hovering just below the key level of $80,000 as of August 28, 2026.

On the daily chart, momentum remains strong, with indicators pointing to a bullish trend, but signs of fatigue are emerging on shorter timeframes, creating a tense consolidation phase.

The daily RSI14 is deep in overbought territory at 79.62, while the MACD stays firmly bullish, indicating continued acceleration rather than reversal.

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