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#BTCReclaims79000
On Monday, August 31, 2026, Bitcoin is trying to maintain stability until buyers finally emerge after a sharp rejection from the range above $79,000 dragged the leading crypto asset toward $77,000 per coin. With Bitcoin’s price hovering between $78,000 and $78,500, the market is witnessing a struggle between a short-term recovery and strong resistance around $79,300-$80,000; however, the overall technical picture remains positive.
Bitcoin’s price held the $77,000 support as the recovery on August 31 pushed BTC back above the $78,000 range. BTC’s price experienced a slight decline following news of Strategy’s bitcoin purchase.
Bitcoin’s moving averages are giving strong bullish signals, but the $79,300-$79,400 range remains the next resistance level.
On Monday, August 31, 2026, Bitcoin is trying to maintain stability until buyers finally emerge after a sharp rejection from the range above $79,000 dragged the leading crypto asset toward $77,000 per coin. With Bitcoin’s price hovering between $78,000 and $78,500, the market is witnessing a struggle between a short-term recovery and strong resistance around $79,300-$80,000; however, the overall technical picture remains positive.
Bitcoin’s price held the $77,000 support as the recovery on August 31 pushed BTC back above the $78,000 range. BTC’s price experienced a slight decline following news of Strategy’s bitcoin purchase.
Bitcoin’s moving averages are giving strong bullish signals, but the $79,300-$79,400 range remains the next resistance level.