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Bitcoin needs to reclaim $80,000 to retest recent highs, while $77,000 remains the key support level.
Dipen Pradhan
August 27, 2026 / 09:13 IST
- Bitcoin traded at $78,919, up 14.47% for the week.
- Key support at $77,000, resistance at $80,000.
- US spot Bitcoin ETFs saw $2.57B net inflows.
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Bitcoin fell just below $78,296 in early trade on August 27, but later gained some of those losses to trade at $78,919 (09:00 IST), representing 0.19 percent decline over the past 24, though it’s up 14.47 percent for the week.
Crypto analysts maintain that BTC holds above its 50-day and 200-day EMAs, but weakening momentum warrants caution. Support lies near $77,489, while a decisive break above $82,850 could open a path towards $89,663, while failure to hold support may deepen the current pullback.
“The Dow’s intraday chart shows an early decline, a partial recovery and another late pullback. That suggests hesitant trading for the overall market. For crypto, this is neutral to mildly constructive. Equity indices are marginally lower, so there is little immediate risk-on momentum to lift Bitcoin and altcoins,” Nischal Shetty, Founder of WazirX, said.
He estimates that the combination of lower oil and subdued volatility could become supportive if markets continue to expect softer inflation and easier monetary policy. Conversely, gold’s rise indicates that some capital is still seeking safety.
Meanwhile, institutional demand remains strong. US spot Bitcoin ETFs recorded approximately $2.57 billion of net inflows across seven consecutive sessions from August 17-25. This includes $337.6 million on August 24 and $314.3 million on August 25.
“From a technical perspective, BTC is still holding above its short-term moving averages and the 4-hour RSI remains above 50, keeping the broader structure constructive. However, momentum has cooled and volatility has declined, which means traders may see more range-bound price action before the next decisive move,” Riya Sehgal, Research Analyst at Delta Exchange, said.
Here’s how major cryptocurrencies moved over the past 24 hours.
What should investors watch for
According to Prateek Gupta, Head of Business at Mudrex, markets now turn to Nvidia’s earnings and Fed Chair Kevin Warsh’s Jackson Hole keynote on Friday for further direction. “Bitcoin needs to reclaim $80,000 to retest recent highs, while $77,000 remains the key support level.”
Vikram Subburaj, CEO of Giottus, believes that Bitcoin’s broader structure remains constructive, but investors should avoid chasing the rally near resistance. “Staggered accumulation and controlled leverage remain preferable, with $77,600-$78,000 support and $80,800-$83,300 resistance the key zones to monitor.”
Disclaimer: The views and investment tips expressed by experts on Moneycontrol.com are their own and not those of the website or its management. Moneycontrol.com advises users to check with certified experts before taking any investment decisions.
Dipen Pradhan is the Editorial Consultant for Moneycontrol. He has over 10 years of experience in the field of journalism and covers personal finance topics. He has previously worked at Forbes Advisor India, Outlook Money, Entrepreneur, Inc42, and The Statesman. When he is not writing he loves to travel to explore rural hotspots.
first published: Aug 27, 2026 09:13 am
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