News › Markets  ·  27 Aug 2026, 1:45 PM IST  ·  5 days ago

Bitcoin consolidates at $79,000 as profit-taking and consolidation keep market cautious. Here's what experts say

Bias: Neutral 0

In one line — Bitcoin held near $79,000 on Thursday as profit-taking and consolidation kept traders cautious following its recent recovery. Analysts said the cryptocurrency remains in a constructive setup, with $77,500-$78,000 acting

Bearish
Bullish
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Source: Economic Times · AI-summarised by Anadi · Updated 27 Aug 2026, 2:15 PM IST

What Happened

Bitcoin held near $79,000 on Thursday as profit-taking and consolidation kept traders cautious following its recent recovery. Analysts said the cryptocurrency remains in a constructive setup, with $77,500-$78,000 acting as key support and $80,000-$82,850 as resistance. Traders are also watching Jackson Hole commentary and upcoming US inflation data.