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Bitcoin Eyes $90K as $3B ETF Inflow Streak Overpowers Hawkish Fed

BTCUSD showed a minor profit booking after a hawkish comments from Fed chairman. It hit an intraday high of $81479 and is now trading around $79393.

With an extra $242.3 million on August 27th, U.S. spot Bitcoin ETFs have reached a nine-day inflow streak and pushed August's total inflows past $3 billion, therefore marking the strongest month for these goods in 2026, mostly driven by Black Rock's IBIT with Bitcoin values remaining above $79,000 amid favorable economic conditions and optimistic mood in the larger crypto market, including Ether and Solana ETFs.

 

Technicals

CMP -$77661

Trend

4-hour chart

Value

 

 

55 EMA

$76066

CMP>55 EMA

Bullish

200- EMA

$69456

CMP> 200 EMA

Bullish

365- EMA

$67800

CMP>365 EMA

Bullish

800-EMA

$69065

CMP>Value

Bullish

 Major support: $75000/$73000/$69000/$67000. The pair is facing strong resistance around $83000. Any break targets $86500/$90438/$92500/$95000. 

 

Momentum indicator (4-hour chart)

Inference

Value

CCI(50)

Bullish

87.21

ADX

Neutral

 

 

It is good to buy on dips $75000 with an SL around $70000 for a TP of $82800/$90400.

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

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