Sept 4: Bitcoin Broke $80K, But I’m Still Waiting for $82,800
From Daily Crypto News · 10:56
Show by Daily Crypto News
Bitcoin briefly reached roughly $81,900 after spot Bitcoin ETFs attracted approximately $731 million in a single day, Treasury yields eased, and Fed Governor Christopher Waller suggested rates could potentially remain unchanged in September. Matt remains cautious, however, because Bitcoin still hasn't cleared the more important resistance around $82,800. A sustained break there could put $90,000 in play, while roughly $75,700 and $71,000 remain the downside levels he's watching. Bitcoin's rally also sent crypto-adjacent stocks sharply higher, including Coinbase, Robinhood, Strategy and Circle, reinforcing Matt's view that these companies can outperform when Bitcoin enters a strong bull move. But the volatility hasn't disappeared: while Matt was preparing the show, Bitcoin fell from above $81,000 toward $79,200 in roughly an hour. With leverage relatively low and ETF demand strong, the setup has improved, but Matt still wants Bitcoin to prove the breakout before declaring the sideways market finished. Happy HODLing Hosted on Acast. See acast.com/privacy for more information. This is a public episode. If you'd like to discuss this with other subscribers or get access to bonus episodes, visit www.dailycryptonews.net/subscribe
More episodes of Daily Crypto News
More episodes
- May 21: Spot Ethereum ETH Coming?
- May 22: Vote Yes on FIT21: Stand With Crypto
- May 23: FIT-21 Passes! ETH ETF Today?
- May 24: Ethereum Spot ETF Approval
- May 27: The Next ETF Approvals, Low Float, High FDV Tokens, and The Rise of Aptos
- May 28: Free Ross! Pandering or Honesty?
- May 29: SEC Lied to Get What They Wanted
- May 30: ETF Updates, Wallet Innovations, and Political Influence
- Weekend Update: May 24 - 30
- May 31: PYUSD with Solana, USDe with Blast
PodSearch is a free, independent podcast search engine. Read about PodSearch, the privacy policy or contact us.