Bitcoin2Go|27. Aug.
Bitcoin: Next Breakout!? Final Bottom Reached? Still Buy Now?
Bitcoin Price Near $80K – Breakout or Correction?
- Bitcoin is fighting to break through $80,000 and shows strong upward momentum. A breakout above $82,000 would open the path toward $90,000.
- A possible correction to $74,000 or to $70,000 (200 EMA on the 4-hour chart) is not ruled out. However, no major pullback is expected.
- On-chain data shows many long-term holders sitting in the $82,000 – $86,000 range – this is both a resistance and an important support level.
- Strong spot ETF inflows and broad market movement (altcoins like Solana, VeChain, Polkadot etc.) indicate sustained interest.
- Nvidia earnings beat expectations (revenue $96 billion, positive outlook). This supports the AI sector and the broader stock market, positively impacting Bitcoin.
- The 'Basement Trade' (debasement of fiat money through debas and money printing) is fueling Gold and Bitcoin. Financial repression and potential Treasury buybacks could further increase liquidity.
- PCI data came in slightly hotter than expected – inflation remains an issue. GDP at 1.5% – under pressure.
- The Fed (Kevin Warsh) speaks on Friday – the market expects no major surprises. Labour market data (Nonfarm Payrolls) may be revised.
- M2 money supply and Tether supply are rising – long-term a clear signal for rising asset prices.
- The speaker is considering switching his monthly DCA plan to weekly and investing 10–20% of his cash position over the next 2–3 months into Bitcoin.
- He warns against the 'I told you so' mentality and emphasises that no one knows the future. Regular entry is the best strategy.
- For altcoins, he advises taking profits during strong rallies (e.g., +62% in 7 days) by settingstop-loss limit orders, as the market can turn quickly.
- Sentiment is bullish, but the speaker remains open to a possible correction. In the long run, Bitcoin's ability to debase fiat money makes it a must-have in any portfolio.
