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Bitcoin Surges Past $79,000: ETF Inflows and Technicals Signal Strong Bullish Momentum

BTCUSD gained nearly 28% in past eight reading days as demand for riksier assets increased. It hit an intraday high of $79989 and is now trading around $79737.

U.S. spot Bitcoin ETFs saw remarkable net inflows of over $1.92 billion in the five trading days from August 17–21, 2026, with every day showing positive flows. Particularly on August 21, Black Rock's IBIT was the top fund and drew a sizable fraction of the inflows. This ongoing institutional demand, which coincided with Bitcoin's climb above $78,000, suggests short-term good momentum and shows the highest weekly inflow total in around ten months.

 

Technicals

CMP -$79700

Trend

4- Hour chart

Value

 

 

55 EMA

$72111

CMP>55 EMA

Bullish

200- EMA

$67046

CMP >200- EMA

Bullish

365- EMA

$66335

CMP>365 EMA

Bullish

800-EMA

$68523

CMP>Value

Bullish

 Major support- $75000/$73000/$69000/$67000. The pair is facing strong around $80000 . Any break targets $82833/$90438/$92500/$95000. 

 

Momentum indicator (4-hour chart)

Inference

Value

CCI(50)

Bullish

93.91

ADX

Neutral

 

 

It is good to buy on dips $78000 with an SL around $70000 for a TP of $79500/$82800/$90400.

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

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