Bitcoin price surges to $80,894 as short squeeze fuels overbought rally

As of August 25, 2026, the Bitcoin price is trading at $80,894 on the daily chart, sitting just below the upper Bollinger Band and pushing into territory not visited previously this cycle. The move caps what CNBC described as crypto’s biggest three-day rally since 2023.

Key takeaways

• Bitcoin trades at $80,894 with daily RSI at 84.01, deep in overbought territory.
• Total crypto market cap reached $2.73 trillion, with BTC dominance holding at 59.29% according to CoinGecko.
• The rally was triggered by a Treasury-related buyback event that forced a massive short squeeze on traders positioned below $67,000.
• The Fear & Greed Index sits at 74, signaling greed-driven momentum rather than cautious accumulation.
• A daily close above 81,103 would confirm continuation; a break below the pivot at 80,233 would signal exhaustion.

Daily chart: overbought, but nobody is selling

The daily chart shows an extremely overbought Bitcoin at RSI 84.01, yet momentum continues to accelerate rather than fade, which is why sellers remain sidelined despite the stretched reading. Price at $80,894 is trading well above the 20-EMA (70,582), the 50-EMA (67,397) and the 200-EMA (71,899), forming a fully bullish stack that confirms the macro trend has turned decisively upward after months of chop.

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