Crypto
Bitcoin Price Sputters at $80K Threshold
Bitcoin has retreated from its three-month high of $81,455 and is now trading near $78,000. The price pullback has put the crucial $80K-$81K resistance range in focus, where a decisive outcome could lead to either a run towards $100K or a drop to $70K.
Technicals are improving, but market signals are mixed. Binance whale inflows rose from $3.47 billion to $5.5 billion during the rally, while spot Bitcoin ETFs saw outflows of $201.9 million on August 28 after nine consecutive days of inflows.
The upcoming U.S. economic data could shift crypto risk appetite and influence the market's direction. Traders are watching targets above $100,000 and below $70,000, which highlights the uncertainty surrounding Bitcoin's next move.