Bitcoin: Range Holds With $79400 Resistance Test

Latest Update
8/31/2026 8:21:00 AM

Bitcoin: Range Holds With $79400 Resistance Test

Bitcoin stays range-bound at $78462.86 after liquidity sweep, with $79400 breakout eyed for yearly highs or $76200 bids if momentum fades.

Analysis

Bitcoin stays stuck in its range after a sharp liquidity sweep bounce, leaving traders with clear options according to @CryptoMichNL. The analyst flags $79400 as the decisive resistance that could unlock new yearly highs on a clean break, while any failure to push higher opens bids at the $76200 confluence. At the current $78462.86 print the 4h structure remains bullish above the EMA50 at $77387.91 and well clear of the EMA200 at $71045.82, yet the MACD death cross at -33.1 warns of fading momentum; price sits inside the Bollinger bands and is now pressing the upper band resistance at $79450.29, raising the probability of a healthy pullback toward the $76971.98 lower band or the EMA50 before any sustained continuation. This setup directly informs ongoing BTC price prediction models and Bitcoin liquidity sweep trading strategy explained discussions across desks.

BitcoinBTCresistancerange boundyearly highs

Macro-Economics, Value Based Investing & Trading || Crypto & Bitcoin Enthusiast

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