Bitcoin price today holds near $80K as RSI hits 81.71, flashing overbought risk

As of August 27, 2026, Bitcoin price today sits at $79,960, just below the $80,000 level it broke earlier this week for the first time in three months.

Key takeaways

• Bitcoin traded at $79,960 on August 27, 2026, just below the $80,000 level it first broke in three months earlier that week.
• The daily RSI14 read 81.71, deep in overbought territory, while the MACD histogram stayed positive at 1288.02.
• Daily pivots placed R1 resistance at $80,804.66 and S1 support at $78,830.79.
• Total crypto market cap sat near $2.70 trillion, with Bitcoin dominance near 59.2% and the Fear & Greed Index at 71.

Market logic: trend strength meets overbought risk

On the daily timeframe, BTC traded at $79,960 against an EMA20 of $72,019, an EMA50 of $68,242, and an EMA200 of $72,114. That is a textbook bullish stack, with price above all three averages. This confirms the uptrend that has been building since the squeeze Fortune reported in late August. A Treasury buyback move reportedly blew up shorts positioned for BTC to stay below $67,000. That short-covering event appears to have been the spark, while ETF-driven follow-through has been the fuel.

… Continue reading the full article at the original source below.