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Bitcoin Consolidates Near $80,000 After Hitting $81,280 as Buying Momentum Stays Strong

Summary by Times of India
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.

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[Digital Daily Reporter Cho Yoon-jung] Bitcoin has reclaimed the $80,000 mark, driven by capital inflows into U.S. spot exchange-traded funds (ETFs) and a recovery in investor sentiment. As buying momentum revives, centered on U.S. institutional investors, expectations for further gains are also growing. According to Bloomberg on the 28th (local time), Bitcoin rose more than 3% during the day, reaching as high as $80,797 at one point. This mark…

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TokenPost broke the news on Thursday, August 27, 2026.
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