Skip to content
Guavy Logo GUAVY
Sign up
Back to Guavy Wire
Crypto

Bitcoin Price Nears $72K Resistance Amid Whales' Buying Spree

Guavy AI Editorial Team
Instruments
BTC
Share

Bitcoin's price is hovering around $71,035 on August 20, 2026, just below the daily EMA200 at 71,711.19.

The cryptocurrency's strong momentum has some calling it a short squeeze, with whales adding $2.9 billion over the past 60 days, according to Bloomberg.

Despite the bullish trend, technical indicators such as RSI14 and MACD suggest that the market is stretched and due for a correction.

The key resistance level for Bitcoin right now is the daily EMA200 at 71,711.19, reinforced by the R1 pivot at 71,965.98.

More on Crypto

Crypto just now

Bitcoin Soars Near $70K as US Debt Tops $40T and ETF Inflows Hit $517M

Crypto 1m ago

Bitcoin Soars Above $72,000 as US Treasury Decision Boosts Hopes

Crypto 2m ago

Whales Position for Bitcoin Bull Run Amid Market Fluctuations

Disclaimer: Guavy is a data and market intelligence provider, not an investment adviser. The information, signals, and market analysis provided by the Guavy API and related services are for informational purposes only and are not intended as financial advice, investment recommendations, or an endorsement of any particular trading strategy. Trading in volatile markets, including cryptocurrency, carries significant risk and may not be suitable for all investors. Past performance is not indicative of future results. Users should consult with a qualified financial professional before making any investment decisions. Guavy makes no guarantee of trading profits or financial returns.

Guavy Logo GUAVY

Market sentiment intelligence for apps, funds & agents

Location

729 55 Ave SW
Calgary AB T2V 0G4
Canada

Navigate

Markets

Resources

© 2026 Guavy Inc

Terms Privacy Policy