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Crypto

Bitcoin Regains Ground at $79K as Risk-On Signal Eyes $100K

Guavy AI Editorial Team
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BTC MEW
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Bitcoin has regained ground after its August recovery, trading around $79,000. Technical indicators are showing a more constructive market structure.

The move coincided with a shift in Glassnode's Bitcoin Vector framework, which moved into a Risk-On regime on August 21, marking a significant change from the previous Risk-Off phase.

However, the signal does not remove the resistance BTC faces above $80,000. The recovery has stalled beneath a major supply area around $83,000-$86,000, leaving the cryptocurrency at an important technical juncture.

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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.

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