News › Markets  ·  28 Aug 2026, 2:52 PM IST  ·  4 days ago

Bitcoin consolidates near $80,000 after hitting $81,280 as buying momentum stays strong

Bias: Neutral 0

In one line — Bitcoin consolidated near $80,000 on Friday after touching $81,280 as buying momentum remained strong. Analysts said sustained ETF inflows, a softer dollar, improving regulatory sentiment, and institutional demand are su

Bearish
Bullish
−10000+100

Source: Economic Times · AI-summarised by Anadi · Updated 28 Aug 2026, 3:13 PM IST

What Happened

Bitcoin consolidated near $80,000 on Friday after touching $81,280 as buying momentum remained strong. Analysts said sustained ETF inflows, a softer dollar, improving regulatory sentiment, and institutional demand are supporting the rally. However, Bitcoin faces resistance around $80,800-$83,300, with experts advising caution near key resistance levels.