Bitcoin price slips below $80K as RSI flashes warning

Bitcoin price slipped back below $80,000 after reaching a multi-month high above $81,200, as overbought conditions and resistance near its previous range high prompted traders to take profits. Summary Bitcoin price retreated toward $79,250 after its advance stalled above $81,200. The daily RSI reached 82.44, placing BTC deep inside overbought territory. Strong 4-hour trend readings show that the wider breakout structure remains intact. Liquidation data places key liquidity clusters near $78,000 and between $81,000 and $82,000. Bitcoin price cools after testing $81,200 According to data from crypto.news, Bitcoin (BTC) price traded near $79,250 on Aug. 25 after briefly reaching approximately $81,250. The pullback placed BTC about 2.5% below its intraday peak while leaving it well above the levels recorded before last week’s breakout. The decline followed a rally of about 25% from the $63,000–$65,000 region. Bitcoin moved through $70,000, $72,000, and $78,000 within several sessions before meeting heavier selling pressure above $80,000. A weaker dollar and renewed concerns about currency debasement supported the advance. Demand from U.S. spot Bitcoin exchange-traded funds also contrib...