Bitcoin Surges Past $80,000 as Short Squeeze Fueling Overbought Rally
The Bitcoin price has surged to $80,894 on August 25, 2026, with the daily chart showing an extremely overbought reading of RSI 84.01.
Despite this, momentum continues to accelerate rather than fade, with sellers remaining sidelined due to the stretched reading.
The rally was triggered by a Treasury-related buyback event that forced a massive short squeeze on traders positioned below $67,000.
The Fear & Greed Index sits at 74, signaling greed-driven momentum rather than cautious accumulation.