{"id":12334,"date":"2026-08-25T06:18:13","date_gmt":"2026-08-25T06:18:13","guid":{"rendered":"https:\/\/cryptonews.uk.com\/?p=12334"},"modified":"2026-08-25T06:18:13","modified_gmt":"2026-08-25T06:18:13","slug":"bitcoin-hits-80k-for-the-first-time-since-may-as-rally-continues","status":"publish","type":"post","link":"https:\/\/cryptonews.uk.com\/?p=12334","title":{"rendered":"Bitcoin hits $80k for the first time since May as rally continues"},"content":{"rendered":"
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Bitcoin extended its rally on Tuesday, hitting the $80,000 psychological level for the first time since May 4.<\/p>\n
The rally comes as improving liquidity expectations continued to lift the broader cryptocurrency market.<\/p>\n
Bitcoin has gained nearly 30% in the last week, while Ethereum has risen more than 25% and XRP has advanced almost 30%.<\/p>\n
The rally gained momentum after the U.S. Treasury announced plans to double the size of certain debt buyback operations.<\/p>\n
The decision eased liquidity concerns and strengthened demand for risk-sensitive assets.<\/p>\n
With Bitcoin still flying, investors are now watching whether it can extend its rally and reach the $85,000 level.<\/p>\n
Bitcoin rally persists as Treasury buyback expansion strengthens crypto rally<\/h2>\n
The primary catalyst behind Bitcoin\u2019s rally over the past seven days is the U.S. Treasury\u2019s decision to expand its debt buyback program.<\/p>\n
Larger buybacks can support liquidity in the market for longer-dated Treasury securities, easing financial pressures and encouraging investors to increase their exposure to riskier assets.<\/p>\n
Major cryptocurrencies including Bitcoin, Ethereum, and XRP responded strongly to the announcement, recording double-digit weekly gains.<\/p>\n
Short liquidations also accelerated the rally as bearish traders were forced to close their positions, adding further buying pressure.<\/p>\n
Bitcoin has now hit the $80,000 level on Friday after decisively breaking above its major exponential moving averages.<\/p>\n
The 200-day EMA stands at $71,545, while the 100-day and 50-day EMAs are located at $66,727 and $65,286, respectively.<\/p>\n
BTC\u2019s position above all three indicators supports a bullish near-term outlook and suggests the market\u2019s broader technical structure has improved considerably.<\/p>\n
Market data shows that the current breakout is accompanied by strong trading volume, adding credibility to the latest upward move.<\/p>\n
If Bitcoin continues to trade above the 200-day EMA, it would reinforce the case for further gains and could establish the level as new support.<\/p>\n
BTC bulls target the $82,689 resistance<\/h2>\n
Bitcoin\u2019s next major resistance lies near the psychological and horizontal barrier at $82,689.<\/p>\n
Buyers have pushed Bitcoin\u2019s price past the $80,000 level, ensuring that fresh selling pressure doesn\u2019t dampen the ongoing rally.<\/p>\n
A decisive break and daily close above the $82,689 barrier would strengthen the bullish outlook and potentially open the way to higher levels.<\/p>\n
Failure to clear $82,689 could lead to a period of consolidation as traders digest the recent gains.<\/p>\n
Bitcoin\u2019s momentum indicators remain bullish but increasingly stretched. The relative strength index is hovering near 85, placing BTC firmly in overbought territory.<\/p>\n
Such a high reading does not guarantee an immediate reversal, but it indicates that the rally may be vulnerable to a corrective pause.<\/p>\n
The moving average convergence divergence remains strongly positive, showing that upward momentum is still intact.<\/p>\n
Together, the indicators suggest bulls remain in control, although the risk of short-term profit-taking has increased.<\/p>\n
If the bears regain control,\u00a0 initial support sits at the 200-day EMA near $74,700. Holding above this indicator would preserve the immediate bullish structure and could provide a foundation for another attempt at $83,000. <\/p>\n
A deeper correction could bring the 100-day EMA at $71,545 and the nearby horizontal level at $66,727 into focus.<\/p>\n
Below that region, the 50-day EMA at $65,286 offers another layer of support, followed by the structural floor at $62,300.<\/p>\n
A sustained decline below $62,300 would weaken the broader bullish outlook, while continued trading above the 200-day EMA would keep the $80,000 target within reach.<\/p>\n
Bitcoin extended its rally on Tuesday, hitting the $80,000 psychological level for the first time since May 4. The rally comes as improving liquidity expectations continued to lift the broader cryptocurrency market. Bitcoin has gained nearly 30% in the last week, while Ethereum has risen more than 25% and XRP has advanced almost 30%. The<\/p>\n","protected":false},"author":1,"featured_media":12335,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[9],"tags":[],"class_list":["post-12334","post","type-post","status-publish","format-standard","has-post-thumbnail","category-eurozone"],"yoast_head":"\n
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![\"\"](\"https:\/\/coinjournal.net\/wp-content\/uploads\/2026\/08\/ChatGPT-Image-Aug-21-2026-10_00_15-AM.png\")
\n<\/picture> <\/div>\n<\/p><\/div>\n![\"BTC\/USD](\"https:\/\/coinjournal.net\/wp-content\/uploads\/2026\/08\/BTCUSD_2026-08-25_06-38-16.png\")
<\/p>\n