August 25: Bitcoin Breaks $80K, Gets Rejected, and Now the Real Test Begins
Bitcoin briefly broke above $80,000, reaching roughly $81,100, before profit-taking pushed it back into the upper $70Ks. Matt explains why $80K remains an important psychological resistance level, with investors who bought higher finally getting opportunities to exit and newer buyers sitting on substantial gains. He argues that a pullback toward $75K or even the low $70Ks would still be normal, while a sustained move back below $70K would make the rally look more like another bear-market bounce.
The episode also covers nearly $2 billion in Bitcoin ETF inflows last week, Coinbase launching…
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