Bitcoin: Hits $79,500 on Treasury Buyback Surge

Latest Update
8/25/2026 1:31:00 PM

Bitcoin: Hits $79,500 on Treasury Buyback Surge

Bitcoin reaches $79,500 after US Treasury buybacks exceed $4B and White House Crypto Summit signals accumulation plans, with 4h chart showing EMA50 support at $74,032.

Analysis

Bitcoin climbed to $79,500 on the strongest weekly candle in months after US Treasury Secretary Bessent confirmed buybacks could top $4 billion per operation and the White House Crypto Summit outlined plans for US BTC accumulation plus the Clarity Act.

Markets flipped from defensive to aggressive as sentiment shifted entirely in recent weeks, confirming the bull market regime that @CryptoMichNL highlighted in the @MNFund_ outlook.

Price action on the 4h chart sits at $78,491.67 inside the Bollinger Bands with upper resistance at $80,211.95; the bullish structure holds above EMA50 support at $74,032.89 and EMA200 at $67,793.10 while RSI at 60.2 stays neutral and MACD prints a death cross at 1,624.93, pointing to a likely healthy pullback to the 50-EMA before continuation toward the upper band.

BitcoinBitcoin priceBTC Rallycrypto surge

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Source: blockchain.news