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Bitcoin price eyes $83K after clearing 200-day SMA
Bitcoin price held near $79,500 on Aug. 27
after a rapid breakout from the $63,000 area, with ETF demand and U.S. policy developments supporting the rally even as technical indicators warned that momentum may be stretched.
Bitcoin price traded near $79,500 after gaining roughly 25% from its mid-August consolidation range.
Daily RSI reached 81.14, placing BTC firmly in overbought territory.
The 4-hour Supertrend remained bullish while MACD showed fading short-term momentum.
Liquidation clusters near $81,000 and $77,500 could shape Bitcoin's next move. #NVIDIAEarnings #CandyDrop1BTCForOldUsers #EventContracts1%Reward #SKHynixSurgesOver5% #GateStockInsightsChallenge $BTC