Bitcoin Price Nears $78K as Overbought Conditions Spark Fatigue
The price of Bitcoin has risen to near $77,720 as of August 24, 2026, but is showing signs of fatigue due to being overbought. The Relative Strength Index (RSI) is at 80.75, which is deep in overbought territory, indicating limited room for further upside before buyers need a pause.
Despite this, the daily trend structure still looks intact, and the bullish case is supported by the Moving Averages Convergence Divergence (MACD) indicator, which shows real momentum. The price is also riding the upper Bollinger Band at 78,690.55 against a close of 77,720.
On the other hand, short-term momentum on the 1-hour chart shows early signs of fatigue, with the MACD turning negative and the RSI sitting comfortably in neutral territory. This indicates that the market is coiled tightly under resistance, waiting for a trigger in either direction.