BTC price surges toward $80,000 as RSI flashes overbought warning at 82.45

As of August 24, 2026, bitcoin ripped through $79,000 in its biggest three-day rally since 2023, closing at $79,271.70. The BTC price now hovers just below the psychologically loaded $80,000 mark after a Treasury buyback operation crushed short positions betting on sub-$67,000 levels.

Key takeaways

• Bitcoin surged to $79,271.70 on August 24, 2026, in what CNBC called the biggest three-day rally since 2023.
• Daily RSI hit 82.45, deep in overbought territory, while the Fear & Greed Index registered 73 in “Greed” territory.
• A Treasury buyback operation triggered a massive short squeeze, breaking bitcoin out of its prior sub-$67,000 range.
• On-chain DEX activity surged over 200% weekly but showed daily cooling, mirroring the momentum fade on shorter timeframes.
• Bitcoin dominance reached 59.07% as capital concentrated into BTC rather than lifting the broader crypto market.

Daily Structure: Bullish Trend, Overheated Momentum

The daily chart confirms a bullish price structure, but momentum indicators are deep in overbought territory, signaling that the move may be running ahead of its structural foundation.

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