Bitcoin Price Levels: A Crucial Test at $80,000

Bitcoin's price is currently hovering around $79,600 as of this writing, unchanged from the previous day. This range is tighter than what headlines suggest, with levels that actually matter for the next move being below $80,000 and above $81,000.

The recent rally that pushed BTC prices from the low $60,000s to above $81,000 has cooled down but not collapsed. According to CNBC, Bitcoin briefly cleared $81,000 on August 25 before settling near $79,287, citing renewed inflows into spot Bitcoin ETFs as the driver.

Reuters attributed this move to a softer US dollar, while Bloomberg reported that a wave of leveraged-position liquidations helped force the price higher. This distinction matters, as traders are now watching whether spot flows can carry the baton.