Treasury Buyback Event Sparks Bitcoin Price Surge to $80,894
Bitcoin's price has surged to $80,894 as of August 25, 2026, marking its biggest three-day rally since 2023 according to CNBC. This increase is attributed to a Treasury-related buyback event that triggered a massive short squeeze, forcing traders who had positioned themselves for Bitcoin to stay below $67,000 to rapidly unwind their positions.
The resulting momentum has pushed the price above the upper Bollinger Band at 81,103, but the daily RSI is firmly in overbought territory at 84.01. The MACD momentum is still accelerating, which explains why the trend hasn't reversed despite the stretched reading.
Looking ahead, the critical level to watch is the daily pivot at 80,233. If Bitcoin holds above this level and breaks through resistance at 81,751 with expanding momentum, it would confirm continuation of the rally. However, if the price rejects at the upper Bollinger Band or rolls over in the MACD histogram on lower timeframes, it could signal a pullback.
The Fear & Greed Index is currently at 74, indicating greed-driven momentum rather than cautious accumulation. On-chain activity, including DEX fee volumes on platforms like Uniswap V3 and Curve, has also picked up significantly over the past week, signaling broadening risk appetite beyond just $BTC spot buying.