Bitcoin Price Forecast: Whether $83,000 Can Break the Bear Market Trend Remains to Be Seen
2026-08-26 09:01:00
According to CoinMeta, Bitcoin once broke through $81,000 on Tuesday, but then fell back below $80,000. Current predictions focus on whether buyers will be able to regain the key level of $83,000, after which Bitcoin rose by 24% within a week. CoinGecko data shows that Bitcoin was near $79,900 during trading hours. The importance of this rebound lies in the increase in leverage and market sentiment with rising spot demand. Last week, capital inflows into Bitcoin ETF increased, while the number of open futures contracts remained high, which enhances the potential for further gains but also raises the risk of liquidation. If it falls back below $79,500, it will weaken the current bullish outlook. CoinGecko also shows that Bitcoin's trading volume in 24 hours was approximately $56.4 billion, with a market capitalization of nearly $1.60 trillion. According to CoinMeta data, the value of open Bitcoin contracts was close to $55.9 billion during trading hours, and futures trading volume reached about $58.8 billion in 24 hours.
Bullish 0
Bearish 0
Source:The Coin Republic
This content is for market information only and does not constitute investment advice.