Crypto

Bitcoin Price Surges Above $79,000, Targets Next Liquidity Range

Guavy AI Editorial Team Published August 21, 2026

Instruments

BTC

The Bitcoin price surge has added over $450 billion to the cryptocurrency market since Monday. According to on-chain data, BTC's UTXO Realized Price Distribution (URPD) shows that it has surged above a major resistance level around $75,733.

As a result, analysts believe that Bitcoin is now eying its next liquidity range of between $83,307 and $84,569. With the spot and futures demand continuing to rise, the price could climb another 8.67% to 10.31% before experiencing major sell pressure.

The recent short squeeze has fueled a bullish outlook for Bitcoin, with renewed demand driving prices higher. This is reflected in on-chain data showing that Bitcoin's spot and perpetual futures demand growth has turned positive for the first time since its all-time high in October 2025.

Bitcoin Price Surges Above $79,000, Targets Next Liquidity Range

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