Bitcoin: Analysts Flag Room to Run After 3-Day Surge

Latest Update
8/24/2026 6:24:00 PM

Bitcoin: Analysts Flag Room to Run After 3-Day Surge

Bitcoin hits $79090.4 after largest three-day gain since 2023; analysts cite further upside potential amid BTC price prediction models.

Analysis

Bitcoin recorded its biggest three-day advance since 2023, prompting analysts to project additional upside from current levels near $79090.4.

Market participants tracking BTC price prediction frameworks now focus on sustained momentum in the crypto market rebound. With price testing upper Bollinger resistance at $79081.33 while RSI(14) flashes overbought at 73.44, a healthy retracement to the 50-EMA support at $72871.71 appears probable before continuation higher, even as the MACD death cross signals near-term caution against the longer-term bullish EMA structure above $67203.08.

Bitcoin technical analysis remains central for institutional desks evaluating exposure amid ongoing crypto rebound trends.

CNBC delivers real-time financial market coverage and business news updates. The channel provides expert analysis of Wall Street trends, corporate developments, and economic indicators. It features insights from top executives and industry specialists, keeping investors and business professionals informed about money-moving events. The coverage spans global markets, personal finance, and technology sector movements.

Loading…

Trending topics

DeepSeek
ChatGPT
Claude
AI video Generator
Ethereum
NFT

Source: blockchain.news