The US Treasury and the Federal Reserve are "pulling in opposite directions" on inflation - At the end of August, US Treasury Secretary Scott Bessent announced a program to purchase long-term bonds, which the department is scheduled to begin on September 9.
Canada can cope with US tariffs, economists say - Canada's finance minister met with the country's top economists,
Bitcoin is trading at $80,339 (Thursday, August 27, 12:32 PM MSK),
breaking the psychological $80,000 mark with a daily gain of +2.41%. However, the daily RSI at 82 is overbought, and the weekly MACD is still in sell territory, creating a contradiction between the short-term momentum and the medium-term trend.
Resistance levels on the way
Daily pivots indicate the bulls' immediate targets:
R2 (daily): $80,265 - already broken
R3 (daily): $81,271 - next level
R1 (weekly): $83,548 - key resistance
Local weekly high: ~$82,000 (reached earlier this week)
The 52-week high is $126,110 - still ~57% upside to new all-time highs.
Candlestick patterns support bulls
The hourly chart shows highly reliable patterns: Morning Star and Three Outside Up (August 24-25) are classic reversal and continuation signals for the uptrend. There is no recent bullish confirmation on the daily chart.
Fundamental Context
According to news reports, the rally is supported by a "debasement trade" following the US Treasury's intervention in the bond market. However:
PCE inflation for July remained above the Fed's 2% target
Strong Nvidia earnings could draw capital from crypto to the AI sector
Uncertainty over crypto regulation in the US (the SEC is working on custody rules, but the Clarity Act is stalled in Congress)
Verdict: Will new highs be reached?
Short-term (days): There's momentum, $80,000 has been broken, and the target is $81,200–$83,500. However, the RSI of 82 on the daily chart is historically the area from which pullbacks of 5–10% follow.
Medium-term (weeks): The weekly MACD is still negative (-3,069), and the weekly ADX is only 17.9—the trend is unconfirmed. Without consolidation above $83,500, talk of new highs is premature.
Main risk: Such high overbought levels (RSI 82 + Stochastic 96 at the bottom) often precede corrections of 3–7%, especially amid uncertainty with the Fed and the outflow into the AI sector.