Analyst: Bitcoin breaks through $75,000, surpassing ETH and SOL
2026-08-21 14:30:52
According to CoinMeta, the price of Bitcoin has broken through $75,000, continuing the strong trend since the rebound from below $60,000. This week, Bitcoin has risen by about 20% and has outperformed Ethereum and Solana in the past 24 hours. Well-known trader Donalt noted that Bitcoin's reaction at major support levels has been very positive and believes that the recent lows may be the bottom of the current cycle. He mentioned that $82,000 is the first resistance level, and $95,000 is the first "truly significant resistance." Nevertheless, he did not completely rule out potential bull trap scenarios. According to Weiss Crypto, Bitcoin has successfully broken through the long-term downward trend line, and market sentiment has rapidly shifted, with the Fear and Greed Index rising to 72, indicating a sense of greed. This breakthrough occurred ahead of important option expirations. Coinbase stated that the notional outstanding contracts for Bitcoin and Ethereum options expiring on Friday amounted to approximately $2.01 billion.
Source:U.Today
This content is for market information only and does not constitute investment advice.
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